Crypto Eri, a prominent figure in crypto, contacted Elon Musk on X, seeking clarification about the account suspension.
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September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined
September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.
3 reasons why Solana (SOL) price is up this week
Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX.
Solana daily price index, USD. Source: TradingViewThe bankruptcy court has taken measures to ensure that the liquidation of FTX assets won't become a burden for the crypto market, demanding the sale to occur through an investment adviser in weekly batches in accordance with pre-established rules.
Following the initial impact, which drove Solana's price down to a 2-month low of $17.34 on Sept. 11, some degree of confidence among bulls emerged as it re-established the $20 support on Sept. 29. This movement coincided with a successful upgrade to version 1.16, boosting the SOL token by 16% over the next 7 days.
Solana's rally was also supported by growth in decentralized applications (Dapps) usage and increased nonfungible token (NFT) volumes. Solana's price is now attempting to establish a $23 support and consolidate its position as the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing Cardano's $9.22 billion.
Solana’s DApp and NFT market activity surges
When analyzing networks focused on Dapp execution, the number of active users should be a top priority. Therefore, one should begin by quantifying the addresses involved with smart contracts, which serve as a proxy for the number of users.
Sam Bankman-Fried ordered 'special privileges' for Alameda account on FTX — Gary Wang
FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research's account to trade more funds than it had available.
Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox
Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space.
CFTC weighs enforcement action against former Voyager Digital CEO: Report
Following the lending firm's bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery.
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.
Taiwan aims for crypto law by November: Report
Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023.
CoinShares’ crypto venture Komainu wins crypto registration in UK
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021.
CoinShares’ crypto venture Komainu wins crypto registration in UK
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi International Airport while attempting to flee the country following the issuance of a committal order.
Just days prior to his arrest, Singaporean courts issued an arrest warrant for Zhu after his “deliberate failure to comply with a court order obtained which, in essence, compelled him to cooperate with the liquidator’s investigations and account for his activities as one of the founders of 3AC and its former investment manager.” Zhu, a Singaporean national, was sentenced to four months in prison for the breach.
Teneo, the appointed liquidator for 3AC, said in an email statement that creditors would “seek to engage with him on matters relating to 3AC, focusing on the recovery of assets that are either the property of 3AC or that have been acquired using 3AC’s funds” during his time in prison.
“The liquidators will pursue all opportunities to ensure Mr. Zhu complies in full with the court order made against him for provision of information and documents relating to 3AC and its former investment manager during the course of his imprisonment and thereafter,” Teneo wrote.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi International Airport while attempting to flee the country following the issuance of a committal order.
Just days prior to his arrest, Singaporean courts issued an arrest warrant for Zhu after his “deliberate failure to comply with a court order obtained which, in essence, compelled him to cooperate with the liquidator’s investigations and account for his activities as one of the founders of 3AC and its former investment manager.” Zhu, a Singaporean national, was sentenced to four months in prison for the breach.
Teneo, the appointed liquidator for 3AC, said in an email statement that creditors would “seek to engage with him on matters relating to 3AC, focusing on the recovery of assets that are either the property of 3AC or that have been acquired using 3AC’s funds” during his time in prison.
“The liquidators will pursue all opportunities to ensure Mr. Zhu complies in full with the court order made against him for provision of information and documents relating to 3AC and its former investment manager during the course of his imprisonment and thereafter,” Teneo wrote.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi International Airport while attempting to flee the country following the issuance of a committal order.
Just days prior to his arrest, Singaporean courts issued an arrest warrant for Zhu after his “deliberate failure to comply with a court order obtained which, in essence, compelled him to cooperate with the liquidator’s investigations and account for his activities as one of the founders of 3AC and its former investment manager.” Zhu, a Singaporean national, was sentenced to four months in prison for the breach.
Teneo, the appointed liquidator for 3AC, said in an email statement that creditors would “seek to engage with him on matters relating to 3AC, focusing on the recovery of assets that are either the property of 3AC or that have been acquired using 3AC’s funds” during his time in prison.
“The liquidators will pursue all opportunities to ensure Mr. Zhu complies in full with the court order made against him for provision of information and documents relating to 3AC and its former investment manager during the course of his imprisonment and thereafter,” Teneo wrote.
Rise of Ethereum staking came at cost of higher centralization: JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve.
ConsenSys exec on MetaMask Snaps security: 'consent is king’
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps.