Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange Source
Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange
Month: September 2023
Crypto exchange Kraken plans move into US stock trading: Report
Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs. According to a Sept. 27 Bloomberg report, the U.S.-based exchange planned to launch its trading services in the U.S. and United Kingdom sometime in 2024 through a division called Kraken Securities. Kraken’s expansion of investment vehicles beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds. The reported move by the crypto exchange came roughly…
Why Chainlink Could Be The Altcoin To Watch, Top Trader Says
Chainlink (LINK), the decentralized oracle network, has been making waves in the cryptocurrency space recently. Renowned crypto analyst Altcoin Sherpa, known for his insightful market predictions on the social media platform X, has voiced strong support for Chainlink, highlighting its promising fundamentals. With a current price of $7.45 on CoinGecko, LINK has been steadily gaining traction, posting a 0.2% gain in the past 24 hours and a 9.1% increase over the last seven days. Sherpa’s Vote Of Confidence On Chainlink Altcoin Sherpa’s LINK endorsement carries significant weight in the crypto…
Bitcoin price holds steady as S&P 500 plunges to 110-day low
On Sept. 20, the United States Federal Reserve delivered a message that reverberated through financial markets: Interest rates are expected to remain at their highest level in over two decades, possibly for longer than most market participants’ expectations. This attitude comes against the backdrop of stubbornly high inflation — with the core inflation rate hovering at 4.2%, well above the central bank’s 2% target — and unemployment at record lows. As investors grapple with this new reality, a pressing question arises: Will the S&P 500 and Bitcoin (BTC) continue to…
SEC’s Gensler is loyal to banks, not an impartial regulator — Rep. Tom Emmer
United States Rep. Tom Emmer has spoken out against Securities and Exchange Commission chairman Gary Gensler during a hearing at the House Financial Services Committee on Sept. 27. According to the lawmaker, Gensler has been loyal to Wall Street “at the clear expense of innovation, competition, and everyday Americans.” Over the course of a 4-minute questioning, Emmer hinted at Gensler’s background in finance, which included 18 years with Goldman Sachs, where he was a partner and co-head of finance. As per Emmer’s view, Gensler’s ties to the financial industry limit…
Jade Protocol Faces Calls to Liquidate $31M Token Treasury
Stormy legal questions and the brutal crypto winter have combined to freeze out crypto trading volume as well as Jade’s deal flow, according to the investor, who joined Jade’s Discord server in July 2022. “The DAO poses a major investment risk to all token holders,” VampireOfCrypto said in the post. Source
Crypto Exchange Kraken to Explore Stock Trading: Bloomberg
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Chainlink (LINK) Brushes Off Market Downtrend, Scores 11%
Chainlink has remained bullish despite the bearish pressure in the broader crypto market. The crypto closed bullish at $7.4 yesterday, September 26, with over 7% increase. LINK remains bullish, with an 11% seven-day price increase and over 2% gain in the last 24 hours. But while the token’s price continues to increase, data shows the trading volume has declined 17% in the last 24 hours. What could be the reason behind this contradiction? Chainlink Price Continues To Surge In an X post on September 24, Chainlink network announced it had…
Uniswap Foundation targets $62M in additional funding
Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation. According to the September 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation, and aligning incentives…
IBM, Microsoft, others form post-quantum cryptography coalition
IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo. We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post-quantum cryptography in commercial & open-source technologies. Learn more about the #PQC Coalition. https://t.co/pSrFX1qPPB | #QWC2023 #UWaterloo pic.twitter.com/vXG6CilQVx — University of Waterloo (@UWaterloo) September 26, 2023 Post-quantum cryptography (PQC) addresses the potential threat posed by quantum computers of the future. Current cryptography schemes…