Court partially denies Aptos Lab’s motion to dismiss Glazer’s $1 billion lawsuit
Four legal claims were dismissed by the court, while three others were allowed to proceed.
Crypto
Brazil’s Rio de Janeiro will accept crypto-payments for property taxes
The city will allow taxpayers to make crypto payments through third-party service providers.
Acting CoC Michael Hsu: Crypto is ‘immature,’ but maybe it doesn’t have to go away
The acting U.S. official added nuance to his well known skepticism about the crypto industry, but warns against accommodation, in speeches on risk and regulation.
Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.
Axie Infinity player count falls back to Jan 2021 levels
The numbers represent a 74% decrease from peak levels witnessed just ten months ago.
Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading
Thursday’s Consumer Price Index is widely expected to show inflation still above 8%. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
The SEC was right to whack Kim Kardashian for shilling Ethereum Max
Kim Kardashian disclosed that she was paid for promoting Ethereum Max — but didn’t tell her followers the exact amount. The SEC did the right thing when it fined her for that oversight.
nxyz raises $40M to enable faster blockchain indexing
The Web3 platform will focus on expanding its team globally and onboarding several more blockchains in the upcoming months.
Coinsquare becomes first Canadian crypto exchange to receive IIROC registration
All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications.
Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11
Racing league Formula One is positioning its brand in Web3 as it files trademark applications for “F1” covering crypto and NFTs.
Canadian Self-Regulatory Agency Approves First Crypto-Native Investment Dealer
Coinsquare has also been granted license to operate as a regulated alternative trading system (ATS), allowing it to match large, illiquid crypto trades between institutional investors.
Bitcoin se aferra a los US$19K y los traders hacen sus apuestas antes de la publicación de inflación
BTC se estabilizó en torno a los US$19.100, mientras que las acciones aumentaron antes de la publicación de los datos de inflación del Índice de Consumo de Precios.
Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins
After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year at DC Fintech Week.
Crypto Custodian Copper Raises $196M in Series C Funding Round
The U.K.-based company also reported a loss of $16 million last year, up from $4.1 million in 2020.
Crypto Hacks Fuel Memes of North Korea: Blockchain’s Biggest Baddie
Seemingly every week in crypto yields another multimillion-dollar hack or exploit – and with it, reams of memes about North Korea, the supposed culprit.
Regulators Should Use ‘Range of Options’ in Fintech, Fed’s Barr Says
Sometimes just identifying risks is enough to change risky behavior, Fed Vice Chair for Supervision Michael Barr said at DC Fintech Week.
Google’s Partnership With Coinbase Is ‘Validation’ for the Crypto Industry: Oppenheimer
Owen Lau, senior analyst at investment bank Oppenheimer, joined “All About Bitcoin” to discuss what Google’s partnership with crypto exchange Coinbase could mean for other crypto-native companies.
Mango Markets hacker proposes steep settlement
The Solana DeFi protocol suffered a $117 million exploit on Oct. 11, and the hacker wants 70M USDC in “bug bounty.”
From neglecting security to bad tokenomics, DeFi has played a hand in its own decline
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market’s decline.
Coin Center files lawsuit against US Treasury over Tornado Cash sanctions
The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.”
Cómo la manipulación de mercado llevó a un exploit de US$100 millones en el exchange DeFi de Solana Mango
El trader aprovechó la falta de liquidez al manipular el precio de MNGO en el exchange descentralizado Mango.
Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13.
Custodia Bank founder Caitlin Long has some strong words about the Fed and BNY Mellon
The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed.
US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range
The world’s largest crypto has been trading in a range between $18,000-$22,400 since the start of September.
Bitcoin Clings to $19K as Traders Place Bets Ahead of Key Inflation Data
BTC stabilized around $19,100 as stocks gained ahead of the release of the Consumer Price Index (CPI) inflation data.
Binance Accused of Filing Inaccurate Financials by UK Subsidiary Shareholder
Shareholder Dimplx Limited is looking to obtain a court-ordered valuation of its ownership stake in Binance’s U.K. subsidiary.
Senator Warren leads the charge against energy consumption claims on Texas crypto miners
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas.
NFTs create a more frictionless experience for collectors, says RTFKT co-founder
Cointelegraph spoke with Steven Vasilev, the co-founder of RTFKT to learn more about how NFCs and NFTs can be used together to create better user experiences.