The so-called decentralized autonomous organization initially formed to focus on building products, but activist investors who showed up were more interested in the project's treasury.Source …
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Former Alameda Research CEO Caroline Ellison to Testify Tuesday in Sam Bankman-Fried Trial
Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.Source …
First Mover Americas: Ether ETFs Struggle to Gain Traction in First Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source …
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ChatGPT creator OpenAI examines producing AI chips in-house: Report
OpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips. Source …
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CBDC will improve tax collection — Argentine central bank director
Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy. Source …
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Asian Banking Giant DBS Is Patiently Wading Into Crypto
CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.Source …
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