As the newly appointed Chief Growth Officer, Wyatt will play a pivotal role in the expansion of the Optimism ecosystem. His duties include collaborating with developers, strengthening partnerships, and coordinating with external contributors to further the growth and development of Optimism’s offerings. Notably, Wyatt expressed particular excitement about Optimism’s Superchain, a groundbreaking series of Layer 2 networks designed to share security, a communication layer, and an open-source development stack.
In an exclusive statement to The Block, Wyatt shared his enthusiasm for the role, stating, “We’re now at a point in time where we finally have started to solve this large infrastructure issue, and Superchain just does that. And so it’s going to be fun.” He emphasized the uniqueness of the opportunity on a personal level, highlighting the excitement it brings as a new venture in his career.
This move follows Wyatt’s tenure at Polygon, where he joined in February 2022 and played a pivotal role in expanding the platform’s reach across various sectors, including gaming, fashion, entertainment, news, and sports endeavors. His departure from Polygon suggests a strategic shift in his focus towards the innovative developments within the Ethereum Layer 2 scaling protocol space.
Optimism’s decision to bring Wyatt on board underscores the increasing importance of experienced and visionary leaders in the blockchain industry. Wyatt’s track record in expanding Polygon’s presence in diverse sectors positions him well to contribute to the growth and success of Optimism’s ambitious projects.
As Chief Growth Officer, Wyatt is set to steer Optimism towards new heights, leveraging his extensive experience in the industry to drive innovation, collaboration, and strategic partnerships. The cryptocurrency community will undoubtedly be watching closely to see how Wyatt’s influence shapes the future of Optimism and its ambitious Superchain project.
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Blackrock (BLK) is not attempting to launch an [XRP] exchange-traded fund (ETF), the asset manager said Monday.
A regulatory filing suggesting the company had taken a first step toward doing so is fake, a spokesperson said shortly after the news began circulating on social media. XRP's price jumped more than 10% at one point but had already begun sinking back to its pre-news intraday price of around 65 cents.
Blackrock has previously filed with the U.S. Securities and Exchange Commission (SEC) to launch spot bitcoin and ether ETFs. Prior to those SEC filings, were filings for a Delaware entity, which acts as the corporate vehicle for the product. Paperwork submitted Monday mimicked those forms but was not in fact filed by the asset management giant.
This is not the first time Delaware's corporate registration process has been abused, seemingly in an attempt to pump crypto prices. A pair of filings in 2021 suggested Grayscale, an asset manager, would launch trust vehicles for two tokens that Grayscale did not have plans for. Grayscale is a subsidiary of CoinDesk parent company Digital Currency Group.
Speculators took hold on Monday afternoon as ETF watchers, including Bloomberg's Eric Balchunas, amplified the phony filing, presenting it as true. Media corporations including Bankless and The Block also recirculated the news, fueling buy pressure on XRP.
But other informed observers expressed a high degree of doubt that Blackrock – hardly regarded as a risk-taker in crypto – would even think about creating an ETF product for XRP, which is the subject of active litigation with the SEC.
I could be proved wrong but I find it rather unlikely that BlackRock is going to file for an ETF for a coin that’s in active securities litigation https://t.co/jap2lMwv6N
— Sean Tuffy (@SMTuffy) November 13, 2023
XRP also doesn't have a massive regulated futures market in the U.S., unlike bitcoin and ether.
Former Polygon Labs President Ryan Wyatt Takes On Chief Growth Officer Role At Optimism
In a strategic move that has sent ripples through the blockchain and cryptocurrency community, Ryan Wyatt, the former president of Polygon Labs, has recently assumed the role of Chief Growth Officer at Optimism. Optimism is a leading firm that is actively developing the Ethereum Layer 2 scaling protocol OP Mainnet. This transition marks a significant shift for Wyatt, who has decided to part ways with his advisory role at Polygon upon joining Optimism. Despite bidding farewell to his advisory position, Wyatt remains committed to his responsibilities on the Board of Directors for the nonprofit Gamers Outreach and as a venture partner at the venture capital firm Bitkraft.
Ryan Wyatt As the newly appointed Chief Growth Officer, Wyatt will play a pivotal role in the expansion of the Optimism ecosystem. His duties include collaborating with developers, strengthening partnerships, and coordinating with external contributors to further the growth and development of Optimism’s offerings. Notably, Wyatt expressed particular excitement about Optimism’s Superchain, a groundbreaking series of Layer 2 networks designed to share security, a communication layer, and an open-source development stack. In an exclusive statement to The Block, Wyatt shared his enthusiasm for the role, stating, “We’re now at a point in time where we finally have started to solve this large infrastructure issue, and Superchain just does that. And so it’s going to be fun.” He emphasized the uniqueness of the opportunity on a personal level, highlighting the excitement it brings as a new venture in his career. This move follows Wyatt’s tenure at Polygon, where he joined in February 2022 and played a pivotal role in expanding the platform’s reach across various sectors, including gaming, fashion, entertainment, news, and sports endeavors. His departure from Polygon suggests a strategic shift in his focus towards the innovative developments within the Ethereum Layer 2 scaling protocol space. Optimism’s decision to bring Wyatt on board underscores the increasing importance of experienced and visionary leaders in the blockchain industry. Wyatt’s track record in expanding Polygon’s presence in diverse sectors positions him well to contribute to the growth and success of Optimism’s ambitious projects. As Chief Growth Officer, Wyatt is set to steer Optimism towards new heights, leveraging his extensive experience in the industry to drive innovation, collaboration, and strategic partnerships. The cryptocurrency community will undoubtedly be watching closely to see how Wyatt’s influence shapes the future of Optimism and its ambitious Superchain project. Source: https://azcoinnews.com/former-polygon-lab-president-ryan-wyatt-takes-on-chief-growth-officer-role-at-optimism.html
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Tron founder Justin Sun’s Poloniex Hacked For Over $100 million
According to reports, Poloniex, a crypto exchange founded by Tron’s Justin Sun, has been hacked for over $100 million. The hack was brought to light by crypto security firms PeckShield and Cyvers. The security firms flagged the possible hack at around 10:55 UTC.
The firm’s customer service arm took to X (formerly known as Twitter) and said that their ‘wallet has been disabled for maintenance.’ The platform said it would inform the community when the wallet is online. However, there has been no update from the exchange since.
Tron founder and Poloniex backer Justin Sun also took to X and shared the development. Sun said they would offer a 5% white hat bounty to the Poloniex hacker if the funds are returned. Sun has offered the hacker a total of seven days to return the funds before engaging law enforcement.
How was the Tron founder’s exchange hacked?
The hacker has reportedly targeted multiple wallets across various blockchains. According to Arkham, an Ethereum (ETH) wallet now labeled “Poloniex hacker,” sent $114 million worth of tokens from the exchange over 357 transactions. Another wallet on the Tron (TRX) blockchain sent $42 million worth of assets to various wallets.
According to on-chain Data, the hacker purchased $20 million worth of TRX, which pushed the token’s price by over 25%.
However, we are not yet sure how a vulnerability was found and exploited. We may see more updates on how the hacker was able to get their hands on the hot wallet in due time. Nonetheless, exchanges being hacked are a common sight in the crypto space. Earlier this year, HTX was hacked for $8 million worth of ETH. In April, the South Korean exchange Gdac lost $13 million to an attack. Furthermore, last November, Deribit was hacked for $28 million. #TronNetwork #hackers
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