Business
After Caroline Ellison finished her three-day-long witness testimony, prosecutors introduced two more witnesses, one of which educated the jury about the acronyms “FUD” and “YOLO.”
The former executive of the bankrupt crypto platform is accused of fraud, operating a massive commodity pool scheme and falsely claiming consumer deposits were FDIC insured.
Regulation
Under cross-examination, Caroline Ellison acknowledged that she had been absent for long stretches while serving in her role at FTX’s trading arm.
Ethereum
The blockchain’s inventor published a blog post last month outlining several potential pathways for the protocol’s evolution.
The feature will make it easier to convert and use their crypto in real-world settings.
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.
