Crypto Firm SafeMoon Files for Chapter 7 Bankruptcy, SFM Plunges 42%
The firm’s executives were arrested last month on multiple charges.
Financial
Financial
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
The Financial Stability Oversight Council met Thursday, releasing a report detailing all of its concerns from the past year.
Financial
‘Bitcoin NFT’ Hysteria Comes to Sotheby’s as Super-Mario-Style Mushroom Character Tops $200K
In the historic auction house’s first-ever sale of the Ordinals inscriptions known as “NFTs on Bitcoin,” a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
Financial
Chainlink Data Feeds Available on Polygon zkEVM
Developers building on Polygon’s zkEVM will be able to incorporate these veri feeds into their on-chain applications.
Financial
TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin
The U.S. central bank yesterday signaled that far easier monetary policy is in store for 2024.
Financial
Arbitrum Throws Hat In Ring for Celo’s Migration to Layer-2 Blockchain
Celo originally planned to build its Ethereum layer-2 network with Optimism’s OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off.
Financial
Early Ethereum Backers Cyber.Fund to Invest $100M in ‘Cybernetic Economy’
Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the “cybernetic economy,” in which blockchain is the bedrock
Financial
Crypto for Advisors: ETH Staking in 2024
In today’s issue of Crypto for Advisors, we share what advisors need to know about how ETH staking works and what’s coming.
Financial
Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.