In the last day, an unconfirmed number of Coinbase users have received emails from America’s top crypto exchange, informing them that information linked to their customer accounts might soon be shared with the Commodities Futures Trading Commission (CFTC) after Coinbase was served with a subpoena. While Coinbase has declined to publicly comment on the subpoena thus far, or what exact…
Month: November 2023
Bitcoin Turns Bullish Again Amid Dovish Fed Forecast
Bitcoin has continued its bullish trajectory and is now trading above $38,000 per coin—for the second time in one week—following dovish comments from the Federal Reserve. The biggest digital asset by market cap today hit a high of $38,223, according to CoinGecko. That’s a 3.5% 24-hour rise. Over seven days, it’s up nearly 3%. Bitcoin last week blew past $38,000…
Fireblocks launches trading system to mitigate centralized exchange risk
Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to eliminate counterparty risk on centralized exchanges and prevent future FTX-like…
Solana’s Mad Lads Top Bored Apes in Daily NFT Sales as Prices Surge
Mad Lads, a Solana profile picture (PFP) collection launched earlier this year, continues to outperform most of the prominent NFT projects of late, with the entry price soaring once more as the project tops the 24-hour NFT sales volume chart. According to data from Solana Floor, the Mad Lads floor price—or price of the cheapest NFT listed on a marketplace—currently…
Judge signs off on $1.65B settlement between Voyager Digital and FTC
A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC). In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Gregory Woods ordered Voyager to pay $1.65 billion following a settlement between…
Oxford quantum computing spinout announces $100M funding round led by Japan’s SBI
Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100M Series B funding round led by Japan’s SBI Group’s investment arm. The company claims that Toshiko is the “world’s first enterprise ready quantum computing platform.” Great question! We are out of the lab and have deployed in…
Solana Token Pyth Pumps Following $77 Million Airdrop for DeFi Users
The native token of DeFi oracle network Pyth has surged in price and is one of today’s leaders in the altcoin rally. The Solana-based Pyth (PYTH) token is up more than 10% in the past day and 35% over the week. It’s currently trading hands for $0.42, according to CoinGecko. The anticipated Pyth airdrop happened last week, offering up about…
Interactive Brokers opens Hong Kong retail crypto trading with OSL
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors in Hong Kong now have…
‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off
Bitcoin retail investors may end up with a hot potato if the spot ETF go-ahead plays out like gold 20 years ago, analysis considers. Source: https://cointelegraph.com/public/index.php/news/buy-the-rumor-sell-the-news-bitcoin-etf-tradfi-sell-off
Ethereum’s Vitalik Buterin: If AI Turns on Us ‘Even Mars May Not Be Safe’
On Monday, Ethereum creator Vitalik Buterin reflected on his own take on “techno-optimism,” inspired by Marc Andreessen, who opined about AI in his Techno-Optimist Manifesto in October. While Buterin agreed with Andreessen’s positive outlook, Buterin also noted the importance of how AI is developed and the technology’s future direction. Buterin acknowledged the existential risk of artificial intelligence, including causing the…