According to FTX’s former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison. Source: https://cointelegraph.com/app/public/index.php/news/alameda-research-withdraw-unlimited-funds-gary-wang
Month: October 2023
Taiwan aims for crypto law by November: Report
Lawmakers in Taiwan are reportedly aiming to push out a first draft of a special law by the end of November 2023, according to a report from the Block. Yung-Chang Chiang, an official in the Legislative Yuan of Taiwan, said in an interview that he intends for the first draft to be available for reading by parliament by the end…
3 reasons why Bitcoin is struggling to rally above $28.5K
Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level. Source: https://cointelegraph.com/public/index.php/news/3-reasons-why-bitcoin-struggles-to-rally-above-29k
Backed Launches Tokenized Blackrock ETF on Base Network
Backed Finance launch of a tokenized government bond on the layer-2 network Base. The tokenization protocol has effectively converted BlackRock’s iShares bond ETF UCITS, which tracks a blend of short-term U.S. Treasury bills. The tokenized version takes the ticker of blBO1. But that’s just the beginning, Backed co-founder Adam Levi told Decrypt. “We can tokenize anything held in a bank…
CoinShares’ crypto venture Komainu wins crypto registration in UK
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has secured major regulatory approval in the United Kingdom. The company announced on Oct. 6 that it has received approval from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer…
Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. 3AC creditors strike back On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi International Airport while attempting to…
Snapchat warned by UK data watchdog over AI chatbot risks
The social media platform Snapchat has received a warning from the United Kingdom’s data watchdog over its new artificial intelligence (AI) chatbot known as “My AI,” according to an update posted by the regulator. On Oct. 6 the U.K. Information Commissioner’s Office issued a preliminary notice to Snap Inc. and Snap Group Limited, the parent companies of Snapchat, of a…
Rise of Ethereum staking came at cost of higher centralization: JPMorgan report
The rise of Ethereum staking since major network upgrades, Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said. JPMorgan’s analysts led by senior managing director Nikolaos Panigirtzoglou issued a new investor note on Oct. 5, warning about the risks stemming from Ethereum’s growing centralization. Market share of top…
What Is Solana (SOL)?
What promising altcoin hasn’t been called an “Ethereum killer” at this point? Yet, out of the myriad crypto tokens and coins appearing (and promptly disappearing) every year, a few stand out. Solana is one of them. Solana is known for being a highly efficient and functional smart contract platform. The project’s native cryptocurrency, SOL, has been near the top of…
ConsenSys exec on MetaMask Snaps security: ‘consent is king’
As malicious actors continue their attempts to steal users’ crypto assets, wallet provider MetaMask has developed a way to allow users to have more insights into the transactions and interactions within the application. In an interview with Cointelegraph, Francesco Andreoli, the head of the developer community at ConsenSys, spoke about how they ensure that the recently released MetaMask Snaps is…