CryptoBlog n.800
Teneo, the liquidation firm in charge of the Three Arrows Capital (3AC) bankruptcy process, confirmed in a statement to Cointelegraph on Oct. 5 that it has custody of the NFTs moved from addresses related to Starry Night Capital, a fund launched by the co-founders of the now-bankrupt hedge fund. According to the firm, the collection move was part of the liquidator's duty of identifying assets and maximizing recoveries on behalf of all creditors.
CryptoBlog n.799
Citi Says Decentralized Crypto Exchanges Are Gaining Market Share From Centralized Peers Decentralized cryptocurrency exchanges (DEXs) have grown faster than centralized exchanges (CEXs) over the past two years, Citigroup (C) said in a research report Thursday. The gap is likely to widen as users move away from centralized platforms to avoid their more onerous know-your-customer procedures. DEXs are blockchain-based apps that coordinate large-scale trading of digital assets between many users by using automated algorithms, instead of the traditional approach of acting as a financial intermediary between buyers and sellers. DEXs offer distributed revenue, like dividends, to token holders and the ability to self-custody funds, the report said. Once the trading rewards are included, these exchanges have comparatively lower fees than platforms such as Coinbase Pro, Citi added.
CryptoBlog n.797
The promotion of specific cryptocurrencies via social media is something you should always be cautious of, especially when it comes from celebrities. Sadly, the paid promotion of crypto and NFTs in is often undisclosed to audiences listening, leading less-seasoned investors into harmful situations. Earlier today, the SEC took action in one of these cases, particularly against global personality Kim Kardashian for her promotion of the security Ethereum Max. The charge was specifically for “touting a crypto security”, and Kardashian will reportedly pay $1,200,000 to settle. While Kardashian did disclose that the post in question was an ad, she fell short of the requirements specifically in place when promoting securities. These details include the exact amount she was paid for the promotion, as well as the source and time of payment.
CryptoBlog n.796
Elon Musk has finally unveiled a prototype of the much-hyped Optimus robot — a bipedal machine that the Tesla CEO imagines will one day be sold as a “general purpose” bot that’s cheaper than a car and equally capable of working in factories and doing chores at home. Roboticists were impressed by how fast Tesla’s engineers assembled Optimus but said the machine wasn’t anything close to a breakthrough.