Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement. Synapse…
Pumpkin Spice Latte season is in full swing, and to mark the 20th anniversary of Starbucks’ fan-favorite beverage, the coffee giant is offering a new way to savor it: NFT collectibles. On Thursday, Starbucks will release a series of Pumpkin Spice Latte digital stamps via Starbucks Odyssey, the company’s Web3 rewards and loyalty platform. The NFTs will be sold in…
Crypto businessman and fugitive Su Zhu’s $36 million luxury real estate in Singapore has been converted into an eco-farm. According to recent local media reports, Zhu’s residential property in the city-state’s upscale Yarwood Avenue has been rebranded as “Yarwood Homestead” and operated by Abundant Cities, a company his wife, Evelyn Tao, co-founded. Through ecological design and agroecology, the firm transformed…
Fallen crypto mogul Sam Bankman-Fried “stole billion of dollars” in cash and crypto from thousands of people and lied constantly to do so, prosecutors today alleged. In opening statements Wednesday morning at Bankman-Fried’s trial, Assistant U.S. Attorney Thane Rehn told jurors that the ex-FTX CEO “knew his company didn’t keep customer money safe.” He also alleged that Bankman-Fried’s company was…
We are thrilled to announce the launch of Decrypt’s newest hub: Emerge. Emerge will be the place to find the latest news and insights from the farthest reaches of emerging technology. Since our launch in 2018, we have relentlessly pursued our vision to build a next-generation media company positioned at the intersection of emerging technology, alternative finance, and culture. We…
Prosecutors and defense attorneys in the criminal case of former FTX CEO Sam Bankman-Fried, also known as SBF, painted a very different picture for the jury to consider during the trial. In a New York courtroom on Oct. 4, Assistant United States Attorney Thane Rehn and SBF attorney Mark Cohen delivered opening arguments to a jury of 12 people on…
United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone…
The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available. In a DAO-based research scheme, a project’s organization, fundraising, feedback, and…
Jaynti Kanani, the co-founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the sidelines”. He, along with software engineers including Sandeep Nailwal, Anurag Arjun,…
Former BlackRock managing director Steven Schoenfield, who’s now the CEO of MarketVector Indexes, gives the U.S. Securities and Exchange Commission “three to six months” before it approves a Bitcoin spot ETF. Schoenfield gave his estimate during a panel discussion on ETFs at CCData’s Digital Asset Summit in London yesterday, where he was joined by another ex-BlackRock director Martin Bednall, now…
