EU Stablecoin Caps Could Lighten or Get Tougher, French Official Warns
Limits on stablecoins not denominated in euros were among the most controversial elements of the European Union’s Markets in Crypto Assets law.
Crypto
Polygon’s MATIC Eyes $1 Level After Recent Breakout: Chart Analysts
MATIC has cleared daily cloud resistance and the 200- day MA in a short-term bullish development, one observer said.
S. Korean Prosecutors Request Eight Year Prison Sentence for Ex-Bithumb Chairman on $70M Fraud Charges
The owner of South Korean crypto exchange Bithumb, Lee Jung-hoon, is likely to be sentenced to eight years in prison for committing fraud.
British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub
In an exclusive interview with Cointelegraph, U.K. Member of Parliament Dr. Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets.
Australian Markets Regulator Sues Promoter of Crypto Token Qoin
The Australian Securities and Investments Commission (ASIC) has sued the promoters of the crypto asset Qoin for allegedly running misleading advertisements.
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
Ecosystem is bullish on the Metaverse, no matter what the numbers imply
Despite the reports surfacing of low numbers of unique active wallets on Decentraland, the metaverse hype, investment and development go on.
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.
Polygon-Based DeFi Platform QuickSwap Closes Lending Service Following Exploit
The attack comes as October looks set to be the worst month for exploits and attacks in the history of cryptocurrencies.
Analyst puts Bitcoin price at $30K next month with breakout due
There’s every reason to be bullish on BTC on shorter timeframes as months of volatility compression look set to stop.
BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial
Project Genesis 2.0 continued the joint effort of exploring blockchain opportunities for green investments.
Fan Tokens of Peruvian, Spanish And Brazilian National Football Teams Rally As FIFA World Cup Nears
While the fan tokens do not represent ownership of national teams, they provide holders access to several fan-specific perks.
Celsius Once Solicited Donations for Ukraine. Here’s What Happened Next.
After Russia’s invasion of Ukraine, Celsius took a different path from other exchanges setting up its own wallets to accept donations. But how much was donated? How much was passed along?
A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24
IRS broadens the classification of crypto, Ripple gets another point in a case against SEC, and Hong Kong considers its own regulatory framework in opposition to China.
Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living
The concept of an inflation-linked “stablecoin” has been trialed before, but time is yet to prove whether it is working as intended.
Key witness called to testify at Terra parliamentary inquiry is a no-show
Kim Seo-joon’s company Hashed had $3.6 billion wiped since Luna Classic’s April high — with the mental effects of the Terra collapse hospitalizing Seo-joon since July.
ASIC fires industry warning shot as it sues BPS Financial over crypto promo
The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.
Investors are loving SEC’s crypto industry crackdown, according to survey
Critics have called out the SEC’s “regulation by enforcement” tactics, but to some investors, it’s a positive sign they’re seeing to invest in digital assets.
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings.
Cathie Wood’s ARK Fintech Innovation ETF Buys More Coinbase
Coinbase is now the third-largest holding for ARKF, even as ARK as a whole trims its position in the crypto exchange.
Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying,’ shareholder says
In an open letter, Altimeter Capital’s CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion.
New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges.
Ethereum’s Merge won’t stop its price from sinking
Ethereum became deflationary after its September Merge. But for now, it’s not going to make much of a difference.
Criminal use of crypto an ‘emerging threat’ — Australian police
Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said.
Apple Refuses to Exempt NFTs From App Store’s 30% Fee
The tech giant’s de facto ban on peer-to-peer NFT trading is likely here to stay.
Market Wrap: Bitcoin Holds Its Perch Over $19K and Is Likely to Continue Trading in Its Current Narrow Range
BTC, ether and most other major cryptos have been trading in a narrow band as investors mull over macroeconomic uncertainties; veteran trader Peter Brandt says that crypto investors are “just tired.” Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Cathie Wood Bought $100K Worth of Bitcoin Years Ago at $250 and Has Never Sold It
Wood made a personal bet on bitcoin and still holds the cryptocurrency, she said on a podcast.
Global Bitcoin payments market projected to reach $3.7B by 2031: Research
Private keys and hardware sub-sectors will drive the BTC payment expansion as demand from banks and emerging economies continue to grow.