Illustration by Mitchell Preffer for Decrypt Once again, U.S. regulators offered very little to the international crypto community to chew on this week. VanEck’s SEC-approved Ethereum futures ETF was confirmed on Thursday, however, adding modest gains to the bags of Ethereum (ETH) holders. Beyond that, lawmakers in Washington still appear to be dragging their feet compared to their European counterparts—distracted…
Securitization, a practice with over 50 years of history, is undergoing a dramatic transformation, believes Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers. During CNBC’s Delivering Alpha event, Johnson noted that tokenization — the process of converting asset ownership rights into digital tokens on a blockchain — is akin to “securitization done on steroids,” a…
Nearly a year after cryptocurrency exchange FTX went down in flames, the trial of its disgraced founder Sam Bankman-Fried is set to begin in a Manhattan federal court on Tuesday. SBF—a once-feted wunderkind who often cast himself as an embodiment of responsible stewardship in crypto—faces a litany of charges, including money laundering, wire fraud, and illegal political donations. If convicted,…
A significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract. Source: https://cointelegraph.com/public/index.php/news/ftx-exploiter-moved-more-than-17m-in-eth-within-the-last-24-hours
After rising about 80% in the first two quarters of 2023, Bitcoin (BTC) fell roughly 11% in the third quarter ending September. However, there is a silver lining for the bulls because they managed a positive monthly close in September, the first since 2016. Buyers will try to build upon this momentum in October, which has a bullish track record.…
A significant portion of the 7,749 ETH, worth roughly $13 million, was directed toward the THORChain router and Railgun contract. Source: https://cointelegraph.com/app/public/index.php/news/ftx-exploiter-moved-more-than-17m-in-eth-within-the-last-24-hours
Federal prosecutors revealed part of their slate of witnesses who will testify in the criminal case against disgraced FTX founder Sam Bankman-Fried only days before the high-profile trial is set to start. In a pair of filings to the court over the weekend, prosecutors said that they plan to introduce testimony from FTX customers and investors affected by the firm’s…
Tech giant Microsoft is apparently forming a new team to advance its artificial intelligence plans by hiring a professional to develop an energy strategy based on Small Modular Reactors (SMRs) and microreactor energy. According to a job post reported by The Verge, Microsoft is looking for a principal program manager who will lead its nuclear technology efforts to support the development…
What are crypto synthetic assets? Blockchain-based financial instruments called crypto synthetic assets imitate the value and behavior of actual assets or financial instruments. Crypto synthetic assets, also known as “synthetic assets,” are a class of digital financial instruments created to mimic the value and performance of actual financial assets or assets from the real world, such as stocks, commodities, currencies,…
According to recent information from Spot On Chain, an address linked to the FTX exploit, identified as 0x3e9, has conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses within the past day. It’s worth noting that these addresses had remained inactive for several months before this recent activity. Within these transactions, a significant portion…
