Costco has made headlines this week after it rapidly sold out of gold bars. In times of economic uncertainty and rising inflation, it’s no surprise that investors are turning to traditional safe-haven assets like gold. The question is whether gold’s performance will eventually catapult its price above $2,050, a level last seen in early May. In the past 12 months,…
A United States appellate court directed the Securities and Exchange Commission (SEC) in August to reassess its denial of Grayscale’s application for a Bitcoin exchange traded fund (ETF). A little-noted consequence of that decision is that it could open the floodgates for $600 billion in new cash to enter the cryptocurrency market. ETFs provide investors with a regulated way to…
Polygon Labs announced on Sep. 29 that Google Cloud has joined the Polygon PoS network as a validator. Google Cloud joins more than 100 other validators verifying transactions on its L2 Ethereum network. This month, @GoogleCloud became part of the decentralized validator set for Polygon PoS. The same infrastructure used to power @YouTube and @gmail is now helping to secure…
Su Zhu was arrested at Singapore Changi Airport while attempting to leave the country after a court granted a committal order. Source: https://cointelegraph.com/public/index.php/news/3ac-su-zhu-arrested-in-singapore
Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels. The decision by the United States…
Asset management firm Valkyrie has said it will hold out for the United States Securities and Exchange Commission (SEC) to approve an exchange-traded fund, or ETF, with exposure to Ether (ETH) futures rather than making purchases in advance. In a Sept. 29 filing with the SEC, Valkyrie said it will not make certain purchases “until the effectiveness of an amendment”…
Stablecoin issuer Circle argued that tokens pegged to the price of a sovereign currency, such as the U.S. dollar, are not securities, according to a court document filed Thursday. Weighing in on the Securities and Exchange Commission’s (SEC) lawsuit against Binance, Circle outlined its stance on stablecoins—without taking either party’s side—in an amicus brief filed in district court in Washington,…
Su Zhu, the co-founder of defunct crypto hedge fund Three Arrows Capital (3AC), has been arrested by authorities in Singapore after attempting to leave the country. Teneo, the joint liquidators of his fallen company, confirmed the news in a statement shared with Decrypt on Friday. “Su Zhu was apprehended at Changi Airport whilst attempting to travel out of Singapore following…
About the Author Graeme Moore is the Head of Tokenization at the Polymesh Association, a not-for-profit dedicated to the growth of the Polymesh blockchain ecosystem. He is also the author of “B is for Bitcoin,” the first ever ABC book about Bitcoin. The views expressed here are his own and do not necessarily represent those of Decrypt. While normalized in…
The nature of Sam Bankman-Fried’s conduct at the helm of FTX will face intense scrutiny at trial, but his alleged behavior after stepping down is what ultimately earned him a spot at the Metropolitan Detention Center (MDC) in Brooklyn in August. A bail agreement meant Bankman-Fried was allowed to prepare his defense against criminal fraud charges under house arrest at…
