FTX Seeks Permission to Sell Grayscale, Bitwise Assets
Insolvent cryptocurrency exchange FTX has petitioned the Delaware bankruptcy court for permission to sell approximately $744 million worth of key trust fund assets of crypto asset manager Grayscale Investments and custody service provider Bitwise. FTX debtors petitioned the court on November 3 for authorization to sell trust assets in anticipation of “imminent dollarized distributions to […]
London Stock Exchange Looks to Hire Digital Assets Director
The London Stock Exchange Group (LSEG) has posted a job advertisement on LinkedIn for a director of digital assets, saying it’s seeking a digital assets lead with a “passion” for digital assets, crypto, and blockchain. LSEG states that, among other qualifications and abilities, it seeks candidates with a “passion for and understanding of distributed ledger […]
Abu Dhabi Introduces DLT Regulatory Framework for DAOs
Abu Dhabi, the second-most populous emirate in the United Arab Emirates, has implemented a formal Distributed ledger technology (DLT) regulatory framework for decentralized autonomous organizations (DAOs) and other digital ledger entities. By enabling DAOs to function lawfully and distribute tokens to their members, the novel framework furnishes digital asset firms with regulatory certainty. In addition […]
Apple MacOS Malware Targets Blockchain Community Engineers
A newly detected malware on Apple’s macOS associated with the North Korean hacking group Lazarus reportedly targets blockchain engineers of cryptocurrency exchange platforms. Analysis by Elastic Security Labs reveals that the covert backdoor of the malicious software “KandyKorn” for macOS can perform the following operations: data retrieval, directory listing, file upload/download, secure deletion, process termination, […]
Block Generates $5.62B in Revenue, $44M in Bitcoin Profits in Q3
Block, a Bitcoin-focused fintech company led by Jack Dorsey, disclosed its third-quarter (Q3) earnings report, which indicated a successful quarter with Bitcoin revenue contributing as much as 43% of its total revenue. Solid revenue growth in Cash App and Square contributed to the company’s $5.62 billion in revenue for the third quarter of 2023. Profit […]