The Momentous Crypto Trial, Private Blockchains, and the BEST Crypto Tools
Update: 2023-10-17
Description
Nic and Leon cover the recent news regarding the SBF trial. They also share their favourite tools from the comprehensive list of crypto research list.
Key Takeaways
- Trial Highlights: Gary Wang, CTO of FTX, mentioned that Alameda has special privileges for trading on FTX. Meanwhile, Caroline Ellison, Alameda's CEO, revealed questionable financial practices, including the misuse of FTX customer funds.
- LastPass Security Concern: LastPass, a popular password manager, faced a significant data breach in 2023. Encrypted passwords, usernames, and other data were compromised. Exercise caution.
- Potential Bitcoin ETF: The SEC might not appeal a recent decision by the US courts, potentially paving the way for the introduction of the first Bitcoin ETF in the United States.
- Blockchain Exploration by Major Financial Institutions: JPMorgan, BlackRock, and Barclays are exploring blockchain tokenization. Experiments with private blockchains continue.
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