The Embraer was originally bought by IAC for $12.5 million and the Bombardier for $15.9 million using “financing provided from FTX,” the filing said, detailing an unsecured, no-interest loan agreed to in a «handshake deal» between Bankman-Fried and IAC’s owner, Paul Aranha.
Read More »Prediction Market ‘Zeitgeist’ to Use CoinDesk Indices for Broad Crypto Bets
The DeFi index tracks a basket of decentralized finance tokens: the Aave protocol’s eponymous token, Curve DAO’s (CRV), Maker’s MKR, Lido DAO’s LDO, Synthetix’s SNX and Uniswap’s UNI. The other index measures the performance of the native currencies of multi-purpose blockchains: Avalanche’s AVAX, Cardano’s ADA, Cosmos’ ATOM, Ethereum’s ETH, Polkadot’s …
Read More »Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
The ADP reported earlier today that the U.S. economy added 89,000 jobs in September, significantly less than the 153,000 analysts expected and August’s 180,000. Kathy Jones, chief fixed income strategist at Charles Schwab, noted in an X (formerly Twitter) post that this was the smallest rise in private sector jobs …
Read More »Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
Synapse is able to simultaneously create settlement instructions for all parties along the settlement chain, facilitating concurrent processing, while also providing near-instantaneous status updates to all parties involved in the trade, a technical pamphlet explains, which is important when connecting traders in two different markets.
Read More »Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead
Ether is lower by 2.4% so far in October to $1,640, giving up all its gains and more from a short-lived surge on Monday to near $1,750. Bitcoin, meanwhile, gained 1.4% over the same time frame and is also outperforming ETH on a weekly, monthly and yearly basis, according to …
Read More »The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?
BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent “layer-1” status in favor of becoming a layer 2 network atop Ethereum, the people behind the project may have had little inkling of just how popular they would become. Now there’s suddenly a burst of competition …
Read More »Volatility and Risk Get a Bad Rap in Investment Portfolios, Particularly When It Comes to Digital Assets. Here’s Why They Shouldn’t.
Around a 2% allocation to digital assets is often standard in an investment portfolio. To some, that may seem like an insignificant percentage. But in practice, that often means the downside risk is minimized and the potential upside is tremendous; even a 2% bitcoin allocation in a standard portfolio over …
Read More »First Mover Americas: Judge Dismisses SEC’s Attempt to Appeal Ripple Ruling
A new decentralized finance data platform could underpin future regulation of crypto market actors, according to a study released by the Bank for International Settlements (BIS) Wednesday. Project Atlas has initially been used to map out significant international flows between crypto exchanges, said a proof-of-concept report issued jointly with the …
Read More »No Jury Yet, but We’re Getting There
Jury selection should conclude Wednesday, according to Judge Lewis Kaplan, who is overseeing the trial in the Southern District of New York courthouse. There are around 50 potential jurors remaining, after he dismissed a few dozen during yesterday’s voir dire. Of the remainder, 12 will become jurors and six will …
Read More »DeFi Project Yield Protocol to Wind Down by Year’s End
«We felt this decision was necessary because there is currently not sustainable demand for fixed-rate borrowing on Yield Protocol,» Yield said. «Additionally, the current regulatory environment in the U.S., combined with increasing regulatory requirements in Europe and the U.K., make it challenging for us to continue to support the Yield …
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