Navigating the Future of International Technology
The Bank of New York Mellon (BNY) is moving toward providing custody services for its exchange-traded fund (ETF) clients’ Bitcoin and Ether after the United States Securities and Exchange Commission (SEC) gave it a pass on observing controversial crypto accounting guidelines. The SEC’s Office of the Chief Accountant conducted a review earlier this year and…
On Sept. 24, former Alameda Research CEO Caroline Ellison was sentenced to two years in a minimum-security prison for her role in FTX’s collapse. The sentence was handed down by Judge Lewis Kaplan in the District Court of Southern New York, who determined that Ellison must also forfeit the roughly $11 billion she earned from…
Despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology might be making it hard for average users to understand, adding a barrier to more people entering the space. Accordingto an August survey conducted by Australian crypto exchange Swyftx, 43% of 2,229 respondents said they hadn’t used the tech because they were…
Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year. “The era of rollups being glorified multisigs is coming to an end,”he stated, adding that “the era of cryptographic trust is upon us.”…
Infinex’s “Patron NFT” sale could be a new model to bootstrap new crypto projects while avoiding the unfair playing field of traditional venture capital funding, says founder Kain Warwick. “Patronage” is the new strategy coined by Warwick with Infinex — which, in theory, allows all participants to own a slice of a crypto project on…
Crypto betting platform Polymarket has received mainstream attention as betting pools on the United States presidential elections have helped the platformsurpass $1 billion in volume. Polymarket allows individuals to anonymously create market betting pools on almost any event, with outcomes determined in a binary “yes” or “no” format. While most users focus on straightforward bets,…
Upbit, the largest cryptocurrency exchange in South Korea, has announced that it will change its privacy policy to store user data on United States servers, effective from Oct. 1. The exchange willstoreuser data on Amazon Web Services (AWS) servers in the US to enhance service reliability while addressing privacy and regulatory considerations. Cointelegraph contacted Upbit…
Solana-based decentralized exchange Mango Markets could soon be fined another $500,000 to settle allegations brought by the United States Commodity Futures Trading Commission (CFTC). In a Sept. 22proposalfrom Mango Markets’ legal representatives to the Mango DAO, the lawyers noted an “ongoing and nonpublic” investigation from the CFTC. They suggested fronting up half a million dollars…
Bitget cryptocurrency exchange, a major investor in The Open Network (TON) Foundation, hasreleaseda research report on TON, providing a few bold predictions for the TON ecosystem. The TON ecosystem may need to distance itself from Telegram amid the ongoing regulatory concerns associated with the messenger, Bitget suggested in the report. As such, TON would likely…
Sam Altman, co-founder and CEO of artificial intelligence firm OpenAI, published a cryptic blog post on Sept. 23, apparently celebrating that “deep learning worked” and claiming that humanity was on the precipice of an era of unimaginable prosperity. The CEO also boasted that his company’s technology would be capable of creating more powerful versions of…