FTX Adviser AlixPartners Improves Crypto Tracing with Chainalysis
Crypto and DeFi fraud schemes resemble 1980s lending schemes and dot-com market manipulation, according to AlixPartners’ David White. Consulting firm AlixPartners, which is handling FTX’s bankruptcy proceedings, has joined forces with blockchain research company Chainalysis to enhance cryptocurrency tracing efforts. Announced on Oct. 31, the partnership aims to bolster digital asset tracing and forensic investigation […]
AI Drives Meta & Microsoft Q3 Earnings, But Stock Prices Dip
Meta and Microsoft’s AI businesses announced better-than-expected quarterly earnings, but muted outlooks saw their shares down after hours. Shares in Meta Platforms and Microsoft declined in after-hours trading on Oct. 30 despite both companies posting strong Q3 earnings, as executives gave lower earnings forecasts and outlined increased spending plans for artificial intelligence (AI). Meta reported a […]
Canary Capital Files Solana ETF Application with US SEC
The crypto asset manager has filed for a spot Solana ETF, following earlier filings for XRP and Litecoin ETFs in October. Crypto asset manager Canary Capital has filed with the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund (ETF), following similar applications by VanEck and 21Shares. The proposed spot Solana ETF would track […]
BlackRock Bitcoin ETF Passes $30B, US ETFs Near 1M BTC
Continued ETF inflows might help Bitcoin hit an all-time high, which the asset came within $200 of on Oct. 29. BlackRock’s spot Bitcoin exchange-traded fund (ETF) has exceeded $30 billion in holdings, indicating a growing interest in the leading cryptocurrency. The largest asset manager achieved this $30 billion milestone less than 10 months after launching […]
Brazil’s Crypto Imports Rose 40% in September
Brazil’s crypto activity continues to grow, with digital asset imports reaching $1.4 billion in September. Brazil’s digital asset imports reached $1.4 billion in September, marking a 40% increase from the approximately $1 billion recorded in September 2023, according to data released by the Central Bank of Brazil and local media on Oct. 29. Despite the […]