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.
Crypto
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.
Bitcoin alcanzará un máximo de tres años, pero primero tocará un piso de US$13K, según Peter Brandt
Se espera que bitcoin baje un poco y se mueva entre US$17.000 y US$23.000 el próximo año, Peter Brandt le dijo a CoinDesk TV.
CFTC Chair Behnam Says ‘Number One Accomplishment’ Is Track Record of Enforcement Actions
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam is eager for his agency to shed its reputation as the friendlier regulator for the crypto industry.
Chinese Intelligence Officers Used Bitcoin in Scheme to Undermine Investigation, US Officials Allege
The two officers tried bribing a U.S. law enforcement official with $61,000 in bitcoin to help support what appears to be Huawei.
NFT Royalties May Be ‘Dwindling,’ Galaxy Digital Researcher Says
Galaxy Digital Research Associate Salmaan Qadir discusses whether NFT creators are benefitting from the royalty economy.
Volumes on crypto investment products drop to 2-year low: CoinShares
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what CoinShares describes as an “apathetic period.”
Azuki Raises $2.5M With NFT-Backed Golden Skateboard Sale
The anime-inspired NFT project auctioned off eight golden skateboards that can be burned for “physical backed tokens,” an experimental new concept that blends physical and digital goods.
La comunidad MakerDAO aprueba la propuesta de custodia de USDC de Coinbase
Hasta US$1600 millones en USD Coin serán custodiados con Coinbase Prime, donde se obtendrá una recompensa de 1,5%.
Start Regulating the Metaverse Now, Researchers Tell French Leaders
A team of researchers commissioned by the French government said leaders should avoid previous mistakes made with the EU’s crypto rules when regulating the metaverse.
Peter Brandt: BTC Will Hit All-Time Highs in 3 Years — But First, $13K
Bitcoin expects to chop little, moving between $17,000 and $23,000 for the next year, Peter Brandt tells CoinDesk TV.
Bank of America rebaja calificación de Meta a neutral en medio de su incursión en el metaverso
La inversión en el metaverso seguirá siendo una sobrecarga en la acción, dijo el informe.
Reddit NFT trading volume hits all-time high as wallet holders near 3 million
Meanwhile, the minting volume of nonfungible tokens have been declining steadily.
MakerDAO Members Support Founder’s ‘Endgame’ Plan to Break Up into MetaDAOs, $2.1B of Transfers
Community members of MakerDAO to move ahead with founder Rune Christensen’s ambitious “Endgame” plan, which included breaking up the protocol into MetaDAOs and moving more than $2 billion to institutional investors.
Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT
The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles; he is also a firm crypto supporter.