“The series of transactions that we did to restructure Qredo into Zenrock has not been done before in the crypto space and included a combination of private lending, debt financing, bankruptcy/administration workout, restructuring, operating, product buildout and soon a mainnet launch,” Tapiero said. Source
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024. Source
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation’s police. Source
Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount. Ansari, a former vice mayor of Phoenix, will move on to the general election in a district that strongly favors Democrats, so her chances are good to join the growing list of members of Congress who favor friendly regulations for the U.S. digital assets sector. Source
According to the CVM database, the new Solana (SOL) ETF, which is in a pre-operational phase, will be offered by Brazil-based Hashdex — a Brazil-based asset manager with over $962 million in assets under management — in partnership with the local investment bank BTG Pactual. Source
To understand how these scientific improvements will change the world of blockchains, it’s worth looking at how we got here in the first place: blockchains use lots of computing power in a way that many would have, once upon a time, considered very wasteful. Again, if you go back to the early days of computing, memory and compute resources were so scarce that people left off the half the year number (The “19” in “1985”) to save space. A proof of work system with thousands of parallel processes would have…
Gary Gensler is (let’s just say it) universally disliked in crypto for the SEC’s frequent aggressive “enforcement actions” and for his unwillingness to be clear about what is and what isn’t legally permissible when it comes to digital assets. But is the story true? Let’s take a look at the evidence, and how this “story” may have come about. It may be true that “multiple senior Senate staffers” believe Gensler could be Treasury Secretary in a Harris administration. Gensler is long believed to have coveted that job and he would…
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