Category: Latest news

[ad_1] As the curtains lifted on the highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF), the week unfolded with a series of damaging claims and a visibly charged atmosphere inside the courtroom. The U.S. Department of Justice (DOJ), tasked with leading the prosecution, has pulled no punches, portraying Bankman-Fried as a central player…

Yuga Labs cuts staff as part of larger restructuring

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[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…

Gary Wang faced up to 50 years in prison before plea deal and is still not guaranteed leniency

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[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…

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

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[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…

Markets rally on strong U.S. jobs report

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[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…

CFTC weighing charges against ex-Voyager Digital CEO Stephen Ehrlich

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[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…

Charles Hoskinson defends Hydra as Cardano DeFi thrives

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[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…

Do proof-of-stake blockchains trend toward decentralization over time?

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