🦎🚀 BlockFi rises from the ashes, sort of..⚱️

Wednesday, October 25, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Disappearing Only To Reappear

Bitcoin's price rose back above $34,000 in a bouncy day of trading on Tuesday as BlackRock's proposed spot bitcoin ETF disappeared from a list maintained by the Depository Trust and Clearing Corporation only to reappear later in the evening.

DTCC offers post-trade clearance, settlement, custody, and information services for Nasdaq. Many industry observers saw the initial inclusion of BlackRock's iShares Bitcoin Trust fund on the list as a possible indication that approval from the Securities and Exchange Commission may be getting closer.

In today's news, we have the emergence of BlockFi, another executive departure for Binance, and the release of dYdX v4 code!

Read on!

24h Hot Searches Worldwide 🔥

Dione (-15.6%)
Chainlink (+5.9%)
Mog Coin (-3.2%)
Mina Protocol (-9.0%)
NvirWorld (+3.1%)
Pepe (+3.8%)
Tellor Tributes (+13.9%)

CoinGecko's 2023 Q3

Crypto Industry Report!

Our comprehensive 2023 Q3 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.

Check out these 6 highlights you shouldn't miss!

The threat of quantum computing is one of the most common concerns raised about the security of the Bitcoin network. Find out if Bitcoin is at risk in this video!

Bitcoin Killer?

Open Source Code

DYdX Trading, the primary developer of the decentralized derivatives exchange dYdX, has released the open-source code for its upcoming version 4. This new version is built on the Cosmos SDK and serves as the groundwork for creating an independent blockchain designed to support the decentralized exchange.

In addition to transitioning to a blockchain architecture, dYdX Trading intends to relinquish control over various aspects of the protocol and cease the collection of trading fees. Governance and decision-making authority will be fully transferred to the dYdX community of stakeholders and ecosystem participants.

CoinDesk

Emergence of BlockFi

Crypto lending company BlockFi has announced its successful emergence from bankruptcy.

This means that BlockFi has reorganized its balance sheet in a way that enables it to begin repaying its creditors. While not all customers can be fully compensated at this point, BlockFi has started the process of recovering customer assets from third parties and working on reconciling customer claims.

Decrypt

Another Binance Departure

Jonathan Farnell, a compliance specialist who was previously the UK chief of Binance before overseeing Bifinity, a subsidiary, has left the company.

This departure is part of a series of executive resignations at Binance. In September, Gleb Kostarev, who was the regional head for several countries, and Vladimir Smerkis, the general manager for the CIS region, announced their resignations. Notable departures since the summer also include Leon Foong, who was the head of Asia Pacific, Patrick Hillman, the chief strategy officer; and Han Ng, the general counsel.

The Block

What are Pudgy Penguins? Learn about this adorable NFT collection and how it overcame adversity to launch its own series of branded toys on major retailers like Walmart and Amazon.

Read about the Pudgy Penguins ecosystem

Track us everywhere.