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UBS Conducts Tokenization Trials on Ethereum for Real-World Assets
October 2, 2023
Swiss bank UBS has commenced a live pilot for tokenizing its Variable Capital Company (VCC) fund, which forms part of Project Guardian, an initiative spearheaded by Singapore's Monetary Authority. According …
Read moreDecentralized Exchanges Witness a Six-Month Slump; Crypto Losses Escalate in Q3 2023
October 2, 2023
Decentralized exchanges (DEXs) have endured a six-month slump, with volumes dipping to the lowest since January 2021. Trading volumes on these platforms recorded $44.28 billion in September, attributing this trend …
Read moreGrayscale Plans to Convert Ethereum Trust to Spot ETH ETF
October 2, 2023
Grayscale, the largest crypto asset manager, has filed an application with the U.S. SEC to convert its Ethereum Trust into a spot Ethereum ETF. The existing trust, launched back in …
Read moreCrypto Industry Faces Significant Challenges: Lazarus Malware Evolution and Regulatory Hurdles
October 2, 2023
The global crypto industry is facing two major challenges recently. One is the advanced malware developed by the North Korean hacking collective Lazarus Group, and the other is increasing pressure …
Read moreFTX Founder's Trial Begins: No Blaming Lawyers In Initial Defense
October 2, 2023
The trial of Sam Bankman-Fried, the disgraced founder of FTX, has begun. In his opening remarks, Judge Lewis Kaplan ruled that SBF cannot use the 'advise of counsel' defense at …
Read moreSolana's Bullish Momentum: Target Towards $30?
October 2, 2023
Solana (SOL) has witnessed a remarkable stride with a significant surge across the crypto market. SOL is currently trading at approximately $24.39, showing an impressive rally of 14.5% and a …
Read moreCoinbase Expands Further with Singapore Payment License
October 2, 2023
Coinbase, a leading US-based cryptocurrency exchange, is broadening its Singapore operations after securing significant regulatory approval from the Monetary Authority of Singapore (MAS). Coinbase has acquired a Major Payment Institution …
Read moreEx-FTX CEO Sam Bankman-Fried Proposed a $5B Bid to Keep Trump from Presidential Run
October 2, 2023
Sam Bankman-Fried, previous CEO of the popular cryptocurrency exchange FTX, supposedly considered offering Donald Trump $5 billion to persuade him against running for presidency. This intriguing detail emerged via Michael …
Read moreSEC Files Charges Against Prager Metis, Former Auditor of FTX
October 2, 2023
The United States Securities and Exchange Commission (SEC) has filed charges against the global accounting firm, Prager Metis CPAs, alleging a series of auditor independence violations and claims of contributing …
Read moreFTX Hack Related Wallet Moves $38M Worth of Ethereum
October 2, 2023
A wallet associated with the previous FTX exchange hack has reportedly moved approximately $38 million in Ethereum (ETH) recently. The activity was observed using on-chain data and seems to coincide …
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