Lewis contrasts SBF, the ascetic, with another male character, whom he compares to “every guy in crypto,” someone who cares about sports, cars, and women. This is one of many sweeping generalizations about the motives of individuals working in the crypto industry, who, if driven by something other than lust …
Read More »Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
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Read More »Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
«Nexo is committed to our U.K. community, and we regard our compliance responsibilities with the highest priority, reflecting our aim of nurturing a robust crypto ecosystem,» a company spokesperson said. «Additionally, our enhanced interface epitomizes our dedication to a consistent user experience in the evolving financial advertising context.»
Read More »Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan
Still, centralization by any entity or protocol creates risks for Ethereum as a “concentrated number of liquidity providers or node operators could act as a single point of failure or become targets for attacks or collude to create an oligopoly that would promote their own interests at the expense of …
Read More »A Better Way to Distribute Crypto Ecosystem Grants
In the face of these difficulties, one ray of hope has emerged: crypto grants. Organizations like Dfinity (ICP), 1inch, Uniswap Foundation, Near, Aave, the Solana Foundation and others have recognized the importance of supporting builders in the Web3 space even in the face of harsh market conditions.
Read More »Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says
Morris noted that during BTC’s latest corrective move, the crypto held above the key $25,000 level, which capped the price between May 2022 and March 2023.” If we can hold that $25,000 level, which we probably will, BTC is very much in a bull market, albeit a quiet one,” he …
Read More »Crypto Custody Firm Ledger Cuts 12% of Staff
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Read More »SBF Trial Witness: Glitch at FTX Overstated Alameda’s Debts by $8B
Prosecutors zoomed in on a conversation that Yedidia and Bankman-Fried had on a tennis court. Yedidia had just patched the accounting bug in mid-June, he said, which incorrectly said Alameda owed FTX customers $16 billion. In doing so, he discovered there was still an $8 billion debt, and “was concerned.” …
Read More »Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
«When a hacker attempts a SIM swap, defending against it can be straightforward: initiate full re-authentication, encompassing both email and ID, as though it were a new account setup,» shared Micky Watkins, founder of World Mobile Group, in a message to CoinDesk. «A challenge arises when a number port is …
Read More »FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
“Following a thorough internal investigation, LedgerX has found no evidence that any of its employees were aware of any reported code enabling Alameda to take FTX customer assets, and firmly denies any contrary allegation,» Miami International Holdings, LedgerX’s new owners, said in a statement to the WSJ.
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