Day: November 3, 2023

Web 3.0 Company Treehouse Acquires Origins, Targets Its NFT-Related Tools

With this acquisition, Treehouse would be hoping to integrate Origins’ technology into its product portfolio. Treehouse, a Singapore-based Web 3.0 data firm, has announced its acquisition of non-fungible token (NFT) analytics platform Origins. According to the announcement, the deal is part of Treehouse’s efforts toward bolstering its NFT product offering. Treehouse to Tap Origins’ Tech Origins, originally, offers NFT-based data analysis using both on-chain and off-chain data. Its software helps professional NFT traders, protocols, and game studios alike to make informed decisions about trading and collection. Therefore, with this acquisition,…

US Treasury Yields Mixed as Market Anticipates October Jobs Report

As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates. While the 2-year Treasury climbed by more than two basis points to 4.9974%, the 10-year Treasury yield fell to 4.6658%, losing less than one basis point. The market expects October’s job report on Friday. According to a Dow Jones…

‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Endorses Bitcoin over Traditional Investments

Earlier this year, Kiyosaki identified three key things that he believes will drive the price of Bitcoin up. Robert Kiyosaki, the entrepreneur and author of the popular personal finance book “Rich Dad, Poor Dad” has endorsed Bitcoin over traditional assets. In a post on social media platform X, the known Bitcoin champion stated that while conventional assets continue to ‘crash,’ Bitcoin has held steady. Kiyosaki shared a ‘lesson’ from his book, condemning the conventional model of earning money from regular jobs. He stated that the value of money earned this…

Bitcoin (BTC) Prices Slide to $34.2K Ahead of U.S. Nonfarm Payrolls Data

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FTX Claim Pricing Jumps by 57% after SBF Convicted of Seven Criminal Charges

An upswing in a claim’s valuation signals an increase in the anticipated recovery worth. SBF’s inner circle – Caroline Ellison, Gary Wang, and Nishad Singh – might have to pay heavy penalties. On Thursday, November 2, the US court finally convicted FTX co-founder Sam Bankman-Fried of seven criminal charges. The sentencing will take place next year around March 2024. Interestingly, amid this development, FTX‘s claim price also surged by a staggering 57%. Fundamentally, a claim signifies an entitlement to a specific sum of money. When businesses encounter financial challenges or…

Bitcoin Price Rally Was Not ETF-Driven: QCP Reveals Reason

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In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin Price Rally The firm’s technical analysis highlighted that Bitcoin reached the 38.2% Fibonacci retracement level at $35,912 and touched the upper channel trendline before retreating, a move that was keenly observed by market participants. Bitcoin…

Apple MacOS malware targets crypto community and engineers

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A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform. The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, directory listing, file upload/download, secure deletion, process termination and command execution, according to an analysis by Elastic Security Labs. MacOS malware (REF7001) execution flow. Source: elastic.co The above flowchart explains the steps taken by the malware to infect and hijack users’ computers. Initially, the attackers spread Python-based modules via Discord channels…

Abu Dhabi pioneers DLT regulation for DAOs, Web3 innovations

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Abu Dhabi, the second-most populous emirate in the United Arab Emirates, has introduced a formal regulatory framework for decentralized autonomous organizations (DAOs) and other digital ledger entities as it doubles down on its ambition to be a leader in digital asset innovation within the Middle East. The new framework allows DAOs to operate legally and issue tokens to members, providing regulatory clarity for digital asset firms. Abu Dhabi is aiming to become a crypto hub alongside Dubai, and this move is part of a larger initiative to foster initiatives in…

US SEC Files Motion for Summary Judgment in Do Kwon Case

The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse.  The United States Securities and Exchange Commission (SEC) is not backing down in its pursuit of justice regarding Terraform Labs’ alleged violations. Despite a jury’s conclusion that appeared to show leniency towards Do Kwon, the SEC has made a bold move by demanding a summary judgment on all the claims. A Jury’s Controversial…

XRP, TON Are Given Green Light by the Dubai International Financial Centre (DIFC) for Legal Use

More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services. The Dubai Financial Services Authority (DFSA) has added XRP (XRP) and Toncoin (TON) to the list of tokens that can be legally utilized within the Dubai International Financial Centre (DIFC). Now the total list of approved coins is brought to five, with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) authorized back in 2022. Recognition by the Dubai International Financial Centre is a significant milestone for tokens that can expand…