Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. An Oct. 4 announcement from JPEX said voting for its “DAO Shareholder Dividend Scheme” was completed on Sept. 28, claiming that…
A pregnant physician’s assistant, a train conductor, and a retired investment banker are reportedly among 12 individuals who will eventually decide on the fate of former FTX CEO Sam Bankman-Fried. As per a report from Cointelegraph’s on-the-ground reporter Ana Paula Pereira, the 12 jurors were narrowed down from a list of 45 on Oct. 4, the second day of trial…
A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours, amid a scourge of SIM-swap hacks seemingly targeting friend.tech users. On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users. The on-chain movement of crypto assets all…
Decentralized social media (DeSo) application Stars Arena has caused a major uptick in activity on Avalanche’s C-chain network. As network activity increased, so did the price of the network’s native AVAX (AVAX) token, which has gained more than 8% in the last 24 hours. Launched in late September, the Friend.tech-inspired Stars Arena has seen the total number of daily transactions…
“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde. Source: https://cointelegraph.com/app/public/index.php/news/ethereum-eth-etf-launch-lackluster-bitcoin-k33-research
The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC). In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of…
Marking its 10th anniversary, popular digital design platform Canva launched an AI-powered toolset designed to streamline visual content creation called Magic Studio. Designed in collaboration with Runway AI, Magic Studio adds several features to the generative AI component in Canva’s paid professional plan. Magic Studio introduces a suite of generative AI tools, including Magic Switch, which transforms designs into various…
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group to deal with illicit crypto exchange activities. In an Oct. 4 statement, the SFC said the group was formed after a meeting with the HKPF on Sept. 28 amid continuing arrests and developments in connection to the Dubai-based JPEX exchange.…
Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy. Source: https://cointelegraph.com/app/public/index.php/news/alameda-sent-4-billion-dollar-ftt-tokens-to-ftx-nansen-report
Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. Marathon’s Bitcoin production rises 245% Bitcoin mining firm Marathon Digital…
