UK Law Commission to review international laws on crypto to consider legal reforms
The legal review authority will work to compile law reform proposals for public consultation in the second half of 2023.
Crypto
Meta Follows Blockchain Firms in Joining Cryptographic Privacy Group MPC Alliance
Facebook owner Meta has joined the MPC Alliance, a non-profit group focused on cryptographic privacy and security, according to a press release.
Apples and oranges? How the Ethereum Merge could affect Bitcoin
While the Ethereum Merge failed to move Bitcoin from a price standpoint, the industry believes we have yet to see the effects of its shift from PoW to PoS.
Former Valour CEO Diana Biggs Joins Crypto Investment Firm 1kx as Partner
Biggs joined the Alan Howard-backed 1kx after a two-year stint at Valour.
Shopify partners with Novel to deliver accessible Web3 for merchants
Novel can deploy smart contracts over the NFT collections and make them available to users for purchases on the Shopify storefront.
Ripple’s $250M fund backs Web3 projects focused on ‘entertainment and media’
A Ripple executive said the company believes that tokenization can transform the creator economy and create new business models.
Blockchain Shardeum Raises $18.2M to Tackle Slow Traffic, High Fees
The EVM-based sharded layer 1 blockchain can expand transactions per second infinitely depending on traffic demand.
OpenSea Ventures Among Backers for $7M Round for Crypto Security Startup
Web3 Builders also launched the free TrustCheck tool to verify the safety of smart contract and NFT transactions
First Mover Americas: Bitcoin Holding Up at $19.5K Despite Bearish Conditions
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 18, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
$740M in Bitcoin exits exchanges, the biggest outflow since June’s BTC price crash
Bitcoin price technicals, however, remain bearish for with the BTC price eyeing a run-down toward $14,000 in Q4.
FCA’s Crypto AML Compliance Chief Steps Down
Mark Steward, who led the enforcement of anti-money laundering measures for crypto in the U.K., is stepping down after seven years with the Financial Conduct Authority.
Growing Popularity of Cash-Margined Bitcoin Futures Suggests That Crypto ‘Liquidation Cascades’ Might Become Rare
Cash-margined contracts are relatively concise and not mathematically convex, making them easier for retail investors to understand and easier for exchanges to liquidate, one volatility trader said.
Web3 Infrastructure Firm ChainSafe Raises $18.75M Series A
Web3 infrastructure firm ChainSafe has raised $18.75 million in Series A funding to expand its blockchain gaming utilities.
Silvergate’s Q3 Net Income and Revenue Jumps 73%
The digital asset bank grew its customer base to 1,677 during Q3.
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
The Canadian company is focused on multi-chain R&D and blockchain gaming, which is a growing industry that’s expected to achieve multi-billion-dollar valuations.
DappRadar Says Decentraland has 650 Daily Active Users
DappRadar now tracks 3553 Decentraland smart contracts across Ethereum and Polygon
Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin
Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case.
Interpol reportedly creates dedicated unit to fight crypto crimes
Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said.
What’s in a Name? Apricot Finance’s Token Surges on Similarity to Aptos Token’s Ticker
Trading volumes of the tokens jumped from under $70,000 on Monday to over $2.2 million.
Bitcoin price ‘easily’ due to hit $2M in six years — Larry Lepard
Current BTC price is nearing the level where Lepard will “back up the truck,” with the asset manager eyeing 100X gains.
New Blockchain Aptos Unveils Controversial Tokenomics, APT Incentive Plans
Tokens that private investors hold are subject to a 12-month lockup, while the entire circulating supply will be released in the next ten years.
EU Commissioner urges lawmakers to hurry up with crypto regulations
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort.
‘Performing as expected’ — Aptos Labs defends day 1 criticism
Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount.
Bitcoin, space travel and TikTok debut in Guinness World Records
The latest edition has included a host of achievements from “Cryptomania” including the record CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as legal Tender.
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability.
FTX, a16z-Backed Aptos Blockchain Off to a Rocky Start
Transaction speeds and tokenomics disappoint on the first day of transactions for the “Solana-killer” chain run by ex-Meta employees.
3AC liquidators seek ‘alternative means’ to subpoena missing founders
Advisory firm Teneo argued that standard methods to contact the Three Arrows Capital founders have failed, and is now looking for other ways to subpoena them.
‘Not even a single TX has been censored on ETH’ — Cyber Capital founder
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds.
Walmart CTO says crypto will become a ‘major’ payments disruptor
Suresh Kumar suggested that crypto will become an important payment tool across the Metaverse and social media, as these areas will be a major way customers discover new products.
DAOs Aren’t People, Crypto Lawyers Tell Court in CFTC’s Ooki Case
The Commodity Futures Trading Commission shouldn’t be able to serve an entire decentralized autonomous organization (DAO) at once, but rather, should serve the people in it, a group of lawyers said in an amicus filing Monday.