$4.5T asset manager Fidelity offers ETH custody and trading to clients

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later this month.  According to an email to Fidelity’s customers shared on Twitter, the crypto arm announced new “Institutional Ethereum capabilities” for institutional investors starting on Oct. 28, 2022. …

Mango Markets Set To Return Stolen Funds Worth $114 Million 

Mango Markets’ Daffy Durairaj tweeted that the firm is in the process of carving a plan out to return stolen funds  The firm suffered a massive online exploit earlier this month, which resulted in the firm losing nearly $114 million worth of funds. Mango Markets DEX, which suffered a massive exploit earlier this month, is …

Bitcoin’s discount to hash rate highest since early 2020 — Mike McGlone

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC’s) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see Bitcoin return to “its propensity to outperform most assets.” In an Oct. 19 Twitter post, the Bloomberg analyst suggested that Bitcoin’s ever increasing hash …

‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi

A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some commentary suggesting it could be positive for decentralized finance (DeFi) and crypto. A prior draft version of the bill drew heavy criticism from industry representative bodies for containing too broad a definition for a “digital commodity …

Twitter user saves cross-chain bridge from potential exploit

A cross-chain bridge between BitBTC and the Ethereum layer-2 network Optimism has been able to avoid a potentially costly exploit thanks to the work of an eagle-eyed Twitter user. The custom cross-chain bridge offers a ramp for users to send assets between Optimism’s network and BitAnt’s decentralized finance (DeFi) ecosystem, which includes yield services, NFTs, …

4,400 disgruntled investors are hunting for Terra’s Do Kwon

Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon. Members of the group, seemingly out of frustration at the lack of results from law enforcement agencies, are scouring the internet for clues and sharing them with the group in …

Retail Giant Walmart Outlines Crypto Strategy — Executive Foresees a Lot of Disruption in Payment Options

Walmart’s global chief technology officer has revealed crypto’s role in the retail giant’s future. “Crypto will become an important part of how customers transact,” the executive said. “We want to make sure that we make it as friction free for customers to be able to transact.” Executive Discusses Crypto in Walmart’s Future Walmart Global Chief …

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