Business
The feature will make it easier to convert and use their crypto in real-world settings.
Ethereum
The blockchain research firm said Russian cybercriminals received part of the more than $400 million drained from the bankrupt crypto exchange.
The stablecoin lost its peg to the U.S. dollar after all the liquid DAI in its treasury was redeemed.
A former employee at Alameda Research shared details about three instances where the firm lost hundreds of millions of dollars due to inadequate risk management structures.
The trade was the first live collateral settlement using JPMorgan’s Tokenized Collateral Network and Onyx blockchain.
The multinational bank also predicted that ether could reach between $26,000 to $35,000 by 2040.
Former Alameda CEO Caroline Ellison testified for a second day, becoming emotional over the impact FTX’s collapse has had on people, and revealing how FTX executives responded behind the scenes to the growing crisis.
The Polygon-based token is issued by Tangible DAO, which has data showing treasury concerns.
A bankruptcy judge asked the two companies to work out a settlement in a mediation window scheduled for January 2024.
The company that owns the crypto exchange offered shareholders who bought the stock in a 2016 swap arrangement $10 per share for 15 million shares.
