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Month: October 2023
Taiwan aims for crypto law by November: Report
Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023.
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Backed Launches Tokenized Blackrock ETF on Base Network
Tokenization protocol Backed Finance is rolling out its tokenized bond offering on the Coinbase-incubated layer-2 network Base.
CoinShares-owned Komainu secures crypto custodian registration in UK
Komainu is increasing its presence in the U.K. after agreeing with authorities to store crypto seized during local investigations in 2021.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider.
Snapchat warned by UK data watchdog over AI chatbot risks
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify and address its privacy risks.
Rise of Ethereum staking came at cost of higher centralization — JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve.
ConsenSys exec on MetaMask Snaps security: ‘Consent is king’
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps.
U.S. Added 336K Jobs in September, Nearly Doubling Expectations; Bitcoin Slips 1%
The unemployment rate TKTK
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.
First Look: Art gallery in Dubai to educate artists on NFTs, Web3
37xDubai founder Danilo Carlucci said the gallery uses NFTs based on the Tree of Life art display as its membership token.
Binance spot market share drops for 7th consecutive month: Report
Binance’s lost spot trading volume has reportedly been distributed among exchanges like HTX (formerly Huobi), Bybit and DigiFinex.
RUNE Plummets 9% as Thorswap Freezes Operations Amid ‘Potential Illicit Activity’
Thorswap has halted activity after it was revealed that illicit funds may have been funneled through the decentralized exchange.
Bitcoin bulls keep pressure on $28K while calls for BTC price dip grow
Bitcoin is being treated with suspicion on short timeframes, with repeated pushes into resistance met with rejection.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules.
Coinbase Adopting ‘International-First Mentality’, Says Policy Lead
Coinbase is looking to extend its reach beyond its home market in the U.S. amid the current regulatory climate in the country.
UNESCO and Netherlands design AI supervision project for the EU
The United Nations Educational, Scientific and Cultural Organization and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area.
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards.
Sam Bankman-Fried’s Lawyers Test the Judge’s Patience
It could take six weeks for prosecutors to make their case against Sam Bankman-Fried. But only three days were needed for the judge overseeing his trial to lose patience with the former crypto chief’s defense team.
Toncoin Jumps After ‘8-Figure’ Investment by MEXC Ventures
TON blockchain’s token continued its bullish run from last quarter after a partnership announcement with messaging giant Telegram.
Ethereum Has Become More Centralized Since the Merge and Shanghai Upgrades: JPMorgan
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
Bitcoin at ‘Risk of Falling,’ Ether ETFs Lackluster Performance Dismays Traders
Data shows that broader crypto markets lost just under 1% in the past 24 hours.