“It pretty much seemed like business as usual, right up until the end. The days before the company collapsed, it just seemed like a few really busy days of trading,” Aditya Baradwaj, a former Alameda employee, said on CoinDesk TV. “We had no idea that anything was going on until the very last day, and that’s when Caroline pulled us aside and told us what had been going on behind closed doors.” Source
Google Assistant will begin incorporating Google’s artificial intelligence (AI) chat service, Bard, into its responses “soon,” according to an October 4 social media post from the development team. Coming soon: #AssistantWithBard We can’t wait to show you our vision to deliver the world’s most helpful personal assistant. In the meantime, give Bard a try at https://t.co/5qtyBeWvge.#MadeByGoogle #Pixel pic.twitter.com/GK55yY7qSP — Made by Google (@madebygoogle) October 4, 2023 Google Assistant is AI software used in Google Home devices such as the Nest Mini or Nest Hub. It’s also available on Android phones…
The FTT price has been challenging gravity and the overall trend in the crypto market for the past two weeks. A recent report hints at a potential bullish continuation based on this scenario and to the benefit of the FTX creditors. As of this writing, the FTT price trades at $1.20, with sideways movement in the last 24 hours. The token recorded a 19% profit in the previous two weeks, while the last 30 days show a 15% increase. In the meantime, major cryptocurrencies have seen half of this price…
In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain project remains optimistic despite waning interest. NFT artist raises $140,000 for cancer support charity NFT artist Trevor Jones donated almost $140,000 to Maggie’s Edinburgh — an organization dedicated to cancer treatments — after raising funds from a Web3 event in…
But where does liquid staking fit into this picture? A spot ETH ETF, if approved, could induce demand from institutional traders, who will then likely scramble to participate staking. Simply holding ETH won’t be enough, these institutions will pivot to staking, looking to give their investors a higher return on their ETF holdings (especially on a deflationary asset). Source
Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement. Synapse will be deployed on Stock Connect, an HKEX channel that enables international investors to access more than 1,000 Mainland Chinese stocks through routing in Hong Kong. “Average daily turnover of…
Crypto businessman and fugitive Su Zhu’s $36 million luxury real estate in Singapore has been converted into an eco-farm. According to recent local media reports, Zhu’s residential property in the city-state’s upscale Yarwood Avenue has been rebranded as “Yarwood Homestead” and operated by Abundant Cities, a company his wife, Evelyn Tao, co-founded. Through ecological design and agroecology, the firm transformed the mansion’s gardens into a mini farmland, producing vegetables, herbs, fruits, fish and poultry. In addition, the bungalow’s front lawn has been reworked into 36 vegetable gardens, growing okra, spinach,…
The FTX app and terms of service told customers the money they put on the exchange was being kept for them “as if they were sitting right there” – but, in reality, Bankman-Fried diverted those funds to “smaller and secretive company” called Alameda Research and spent them on “luxuries” for himself, his friends and family members, Rehn told the court. In addition, Bankman-Fried used the money to make political donations that allowed him to curry favor with powerful people on Capitol Hill, Rehn said. Source
XRP, the digital currency associated with Ripple Labs, has been making headlines with its recent price rally. However, a report suggests that the hype surrounding its performance might be overstated, as market data paints a different picture. Despite a positive legal ruling and a robust community, XRP seems to struggle to gain the same level of confidence as Bitcoin (BTC) and Ethereum (ETH) among investors. Liquidation data from CoinGlass reveals that in the past 24 hours, approximately $4.20 million worth of XRP has been liquidated. Interestingly, the short positions accounted…
United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.” Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market…