Day: October 3, 2023

Chainalysis lays off 15% of staff to curb expenses

Chainalysis, a blockchain analysis company backed by Singapore’s leading wealth fund GIC, has reduced its workforce by 15%. According to Bloomberg, the firm plans to curb expenses for potential long-term growth. Chainalysis had around 900 employees before the layoffs and has reduced its workforce by 135 people. “We are very focused on growing efficiently and, due to market conditions, believe it’s necessary to reduce our expenses at this time.” A Chainalysis spokesperson told Bloomberg. Moreover, the report revealed that the blockchain analysis company, founded in 2014, laid off around 5%…

BTG Pactual Acquires Orama DTVM in Deal Valued at $99M

It remains unclear whether the Orama purchase will directly result in the development of crypto-related products and services at BTG Pactual. Banco BTG Pactual SA Unit (BVMF: BPAC11), Brazil’s biggest investment bank, recently announced it has acquired 100% of the share capital of Orama DTVM, a prominent independent distributor for R$500 million (worth about $99 million). BTG Pactual and Orama Form a Strategic Alliance Orama, with more than R$17.9 billion ($3.6 billion) in assets under custody and an impressive customer base of 360,000 investors, has long been a formidable player…

Coinbase’s Legal Expert Outlines What To Expect In FTX’s Sam Bankman-Fried Jury Selection

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Coinbase’s Chief Legal Officer (CLO) Paul Grewal has weighed in on what to expect in the jury selection in the trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), which is set to take place on October 3.  FTX’s Sam Bankman-Fried Jury Selection Should Be Quick Grewal noted that the voir dire proceedings have generally improved over time, as in the past, the process could drag on for days. As such, he expects Sam Bankman-Fried’s jury selection to “move quick” as the court while trying…

how it compares with Bitcoin 360 AI and Biticodes

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The latest artificial intelligence (AI) developments are making waves across many industries, including crypto trading. Traders now have several AI-powered trading platforms to choose from, but identifying the most suitable platform is a challenge. This review compares some factors traders should consider when selecting the right platform for their needs. The new generation of crypto trading bots Crypto trading bots have come a long way in the last few years. The main driver of the advances has been artificial intelligence (AI) and how AI techniques and tools are being combined…

ApeX Protocol Welcomes New Telegram Bot for Derivatives Trading

ApeX is celebrating the launch of the Telegram bot by introducing a referral campaign. ApeX Protocol, a multichain decentralized derivatives protocol has introduced a Telegram bot dubbed ApeX Bot. According to a Press Release shared with Coinspeaker, ApeX Bot is designed to facilitate seamless derivatives trading transactions. Notably, this is the first-ever layer-2 Decentralized Exchange (DEX) bot that supports derivatives trading and it is unique as a protocol that offers advanced trading options to users. Tekla I, the head of Business Development at ApeX Protocol noted that this is a…

Slow Start for Ether (ETH) Futures ETFs

It was a slow start for futures-based ether exchange-traded funds (ETFs) on their first day of trading. A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. One of those funds, Valkyrie’s Bitcoin Strategy ETF (BTF) – soon to be renamed – has been in existence for about two years as a bitcoin-only fund, but is changing its strategy to include ether. The rest of the…

How the actor model could enable better blockchain gaming apps

Decentralized applications (DApps), including apps for gaming, have gained traction for their transparency, security and user asset ownership. However, delivering high-quality AAA gaming experiences through DApps presents challenges. Existing 2D gaming DApps operate on blockchain networks using smart contracts for asset management. While they’re favored for their simple mechanics and resource efficiency, their limitations become evident as the complexity of the gaming experience increases. Scalability is a primary hurdle for traditional blockchains like Ethereum, impacting real-time interactive gaming due to constraints surrounding transaction throughput and latency. Performance is also an…