Author: e_cash_top
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Yuga Labs cuts staff as part of larger restructuring
[ad_1] Yuga Labs, the company behind Bored Ape Yacht Club, has laid off a portion of its staff according to a blog post published by the firm on Oct. 6. The company’s CEO, Daniel Alegre, wrote: “After … thoughtful consideration, I have decided that we need to restructure the Yuga Labs teams. The implication of…
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Gary Wang faced up to 50 years in prison before plea deal and is still not guaranteed leniency
[ad_1] Gary Wang, co-founder and former CTO of FTX, appeared as a witness for the prosecution in the criminal trial of his fellow co-founder Sam Bankman-Fried on Oct. 6. One fact that emerged during testimony concerns a December 2022 plea deal in which Wang pleaded guilty. In Bloomberg’s account of current testimony, Wang stated that…
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Investors brace for turbulence as Fed shrinks balance sheet below $8 Trillion
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Elon Musk calls for overhaul of SEC after agency issues order against him
[ad_1] Elon Musk, owner and CTO of X (formerly Twitter), called for an overhaul of the United States’ main securities regulator and other agencies on Oct. 5. Musk wrote in a tweet: “A comprehensive overhaul of [regulatory] agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused…
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Markets rally on strong U.S. jobs report
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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CFTC weighing charges against ex-Voyager Digital CEO Stephen Ehrlich
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Charles Hoskinson defends Hydra as Cardano DeFi thrives
[ad_1] Cardano (ADA) co-founder Charles Hoskinson has refuted claims that Hydra, the layer 2 scaling solution for the Cardano blockchain, has been unsuccessful. In an Oct. 5 video on social media platform X (formerly Twitter), Hoskinson revealed how Hydra has pivoted during the last three years and that measuring the network’s activity by transactions per…
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Do proof-of-stake blockchains trend toward decentralization over time?
[ad_1] As blockchain technology transitions toward proof-of-stake consensus models, a pressing question arises — will these systems maintain decentralization, or will rewards disproportionately pool among large players at the expense of broader participation? Dr. Wenpin Tang, a leading researcher of blockchain incentives, analyzed these dynamics in proof-of-stake (PoS) systems using advanced mathematical models. His findings…
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The 10-2 Treasury yield spread: A harbinger of economic downturn?
[ad_1] Treasury yields are one of the most important market drivers and indicators. Representing the return an investor will receive by holding a government bond to maturity, these yields provide a snapshot of investor sentiment, future interest rate expectations, and the overall economic health of a nation. When analyzing Treasury yields, distinguishing between two fundamental…
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OpenAI gears up to combat AI chip shortages by exploring in-house production
[ad_1] OpenAI, the company behind ChatGPT, is exploring the possibility of producing its artificial intelligence (AI) chips to address the persistent shortage it has been grappling with, Reuters reported on Oct. 6. OpenAI has reportedly conducted comprehensive market assessments, including possibly acquiring an undisclosed chip manufacturer. However, this plan is still in the process of…