“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.
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Author: Tanzeel Akhtar
Risks surrounding the stablecoin tether (USDT) have been known for years, but they’re commanding fresh attention as the amount outstanding swells to $25B.
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Author: Daniel Cawrey
After a successful fundraising effort, the company said it can now reimburse most, but not all users.
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Author: Tanzeel Akhtar
The Ethereum Foundation announced Wednesday that its annual conference, Devcon, won’t take place in August 2021 as scheduled before.
The new timing is yet to be determined, but the foundation said it would take “a bit longer” than August.
The COVID-19 pandemic situation has forced the foundation to postpone Devcon once again as the Ethereum community needs more time to travel to Bogota, Colombia — Devcon 2021’s venue.
“We’re hopeful that a new date announcement is possible soon with the availability of COVID-19 vaccines ramping up now, and updated pandemic-related trends improving,” said the foundation.
Devcon dates back to 2014 and is the only annual gathering held by the Ethereum Foundation. The last conference, Devcon V, took place in Japan in October 2019.
Last year, the foundation postponed Devcon VI until August 2021, and now the new date remains uncertain.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
Morgan Creek’s Anthony Pompliano aims to list 10,000 openings by the end of the year.
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Author: Ian Allison
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
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Author: Omkar Godbole
Here’s what the impending Eth 2.0 hard fork means, and why Ethereum devs are still debating the “Ice Age.”
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Author: Christine Kim
Quick Take
- Futureswap is a protocol for perpetual swaps that combines an automated market maker (AMM) with funding rate payments.
- FST tokens are currently being distributed to traders and liquidity providers — or about 0.04% of the supply per day.
- Futureswap has immediately seen some trading interest with volumes at ~$30 million per day over the past week. However, the question is how much is driven by FST incentives.
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Author: Mika Honkasalo
A Washington judge threw out the lawsuit after the plaintiff failed to make a case.
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Author: Daniel Palmer
Crypto exchange FTX has listed the viral GameStop (GME) stock for tokenized spot and futures trading.
Within a few hours of listing, FTX’s GME spot volume is around $141,000, while the GME futures volume is about $1.3 million.
GameStop is a video game retailer listed on the New York Stock Exchange. Its stock has surged more than 1,000% this month after a group of investors on Reddit continued to support the stock even as many others on Wall Street have argued that the stock is overvalued and is due for a sharp fall.
The stock has been extremely volatile in recent days, and its trading has been halted several times. Earlier today, hedge fund Melvin Capital also reportedly closed out of its GME position after taking a huge loss.
As for why FTX has listed the stock, CEO Sam Bankman-Fried told The Block that it was “possibly the most ever requested listing” the exchange has received.
Source: TradingView
FTX started offering 24/7 trading in tokenized stocks and futures in October 2020. Like FTX’s other products, its equity trading offering is not available in the U.S. and its other restricted jurisdictions, such as Iran, Syria, and North Korea.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
