Author: Coindesk
Along with the success of T-bill tokens, new types of yield-bearing tokenized products emerged such as Ethena’s USDe “synthetic dollar,” which generates yield from market neutral trading positions also known as the “basis” trade. Midas launched its own version with mBASIS earlier this year, and has over $4 million of assets under management. Read the full article here
For years, journalists, bloggers, and filmmakers have tried to uncover Satoshi’s identity, with the latest attempt coming from HBO’s Money Electric: The Bitcoin Mystery (scheduled to air 9 p.m. ET October 8). So far, none have succeeded. Yet the adoption of bitcoin around the world has continued unabated. Bitcoin was always meant to be bigger than one person. The fact that its creator had gone to great lengths to hide his or her identity was always meant to reinforce its decentralized ethos. Read the full article here
Crypto.com’s filing “seeks declaratory and injunctive relief to prevent the Securities and Exchange Commission (‘SEC’) from unlawfully expanding its jurisdiction to cover secondary-market sales of certain network tokens sold on Crypto.com’s platform,” the suit said. Read the full article here
In fact, Ethereum’s native token ether, Japan’s TOPIX index, and the S&P GSCI Energy Index are the only non-fixed income growth-sensitive investments with return to volatility ratios lower than bitcoin, the chart from Goldman’s Oct. 7 note titled “Oil on the boil” shows. Read the full article here
The odds of the late Len Sassaman being revealed as the elusive pseudonymous founder of Bitcoin, Satoshi Nakamoto, in an HBO documentary slumped to 14% after his wife, Meredith L. Patterson, said he was not and that the company had not approached her when making the documentary. Read the full article here
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In August, a report suggested the regulator had found “unsatisfactory practices” at some exchanges. In particular, it stated that “some of the crypto firms are overly reliant on a handful of executives to oversee the custody of client assets, while others aren’t properly guarding against cybercrime risks.” Read the full article here
Still, Monday’s price action meant that BTC briefly reclaimed the 200-day moving average, which currently sits at $63,575 per TradingView data, but ultimately failed to hold above it. Moving and holding past that key level would reaffirm bitcoin’s uptrend since the lows of around $52,000 hit in the first week in September. Read the full article here
The upgrade, officially designated EIP-7781, would also ramp up the blockchain’s capacity to handle blobs, which are dedicated data-storage chambers used by affiliated layer-2 networks to stash transaction records. The change would effectively increase the number of blobs per block to nine from six, providing more space for layer-2 chains like Arbitrum and Optimism to post data to Ethereum. Read the full article here
There have been other executive departures of late. Last month, founding partner and chief commercial officer Boris Bohrer-Bilowitzki left to take on the role of CEO at blockchain firm Concordium. Mike Milner, the global head of revenue who had been with the company for five years, also left to join Concordium. Read the full article here