In a recent blog post by Placeholder VC, the firm compares Ethereum and Solana to Android and iOS, respectively. The post highlights Ethereum’s modularity and widespread adoption, likening it to Android’s open and diverse ecosystem. Ethereum is becoming more of a platform for third-party networks, with layer-2 networks already processing more transactions than Ethereum mainnet. […]
In a recent motion filed by Sam “SBF” Bankman-Fried’s lawyers, they have requested the court’s permission to introduce evidence supporting positive investment outcomes, specifically mentioning an investment in the AI startup Anthropic. This request comes after US prosecutors filed a motion to prevent SBF’s legal team from discussing the recovery of FTX customer funds through […]
De.Fi, a decentralized finance (DeFi) platform, has launched De.Fi 2.0, a suite of products and services aimed at improving security, usability, and connectivity in the DeFi ecosystem. The platform, which started in 2020 and now has over 3 million users, aims to onboard the next billion crypto users by providing tools for developers, marketers, traders, […]
Cryptocurrency exchange Binance is introducing a new feature called self-transaction prevention (STP) to prevent users from incurring unnecessary trading fees. Starting from October 26th, the STP function will be available for all spot and margin trading users. The default mode for all trading pairs and orders will be the “expire maker” STP mode. Users will […]
Taiwan-based liquidity provider, WOO Network, has reached a significant agreement with Three Arrows Capital (3AC) liquidators, taking a crucial step towards regaining control of its financial future. 3AC filed for bankruptcy in July 2021 due to a financial crisis caused by excessive leverage and the collapse of the $60 billion Terra Luna ecosystem, in which […]
The BRICS Bank, also known as the New Development Bank (NDB), has announced a three-year plan to move away from the US dollar and adopt a common currency for trade among member countries. This initiative aims to reduce the demand for the USD by lending loans in local currencies. Iraq has recently joined the de-dollarization […]
The trial of former FTX CEO, Sam Bankman-Fried, resumed on October 10, with his ex-girlfriend and Alameda Research’s former CEO, Caroline Ellison, testifying against him. Ellison confirmed their on-and-off relationship and provided key insights into Bankman-Fried’s alleged misappropriation of FTX customers’ funds through Alameda. She admitted to committing fraud alongside the defendant and stated that […]
A crypto analyst has issued a warning about potential market manipulation of XRP, the cryptocurrency associated with Ripple. The analyst, known as Wall Street Bulls, suggested that the wealthy elite and major bankers may be behind these manipulative acts. They shared a price chart showing a significant decline in XRP’s value since reaching a high […]
The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]
Embattled FTX founder Sam Bankman-Fried reportedly wanted to shut down his other company, Alameda Research, due to the negative attention it brought to FTX. In an unpublished post shared by a former Alameda employee, Bankman-Fried described the company as both a success and a failure, but ultimately felt that the FUD (fear, uncertainty, and doubt) […]
