Crypto
Blockchain Startup Elrond Rebrands to Focus on Metaverse
Blockchain startup Elrond has rebranded itself MultiversX to reflect its pivot to metaverse exploration.
Terra’s Do Kwon May Be in Europe: Report
South Korean prosecutors have indicated that the fugitive co-founder of Terraform Labs, Do Kwon, is in Europe, Bloomberg reported Friday.
EU Delays Vote on MiCA Crypto Legislation Until February
Technical issues in the lengthy text are set to delay the start of the licensing regime under the Markets in Crypto Assets regulation.
Monkey Drainer Scammer Strikes Again, Steals $800K of NFTs
Notorious NFT hacker Monkey Drainer has stolen $800,000 worth of Crypto Punk and Otherside NFTs, according to blockchain sleuth ZachXBT.
Web Summit Lisbon, Nov. 4: Latest updates from Cointelegraph’s ground team
It’s the final day of Web Summit 2022, and the Cointelegraph team on the ground is all set to bring you some of the best insights, personal interviews and more.
IRS prepares for an increase in crypto cases in the upcoming tax season
The criminal investigation division of the IRS says it is preparing hundreds of crypto-related cases for the upcoming tax season.
Bitcoin bulls face $21K sellers as BTC price wipes out Fed FOMC losses
$21,000 is looking tricky as sell orders mount, while buy walls dry up, taking potential support with them.
Immunefi launches scoring system for Web3’s elite white hats
The top 10 white hats in Immunefi’s community have generated over $42 million in total earnings since 2020 by disclosing critical vulnerabilities.
Elon Musk faces class-action suit over mass Twitter layoffs
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.”
Proposed UK Rules Will Make Advertising Crypto a Lot Harder, Industry Warns
Industry members are sounding the alarm on a proposed measure to require crypto service providers to comply with local advertising rules, which could add an additional layer of authorization to an already complex process.
MATIC Rally Gathers Speed as Meta Announces Polygon-Powered NFTs, Chart Signals Golden Cross
“Polygon’s MATIC could be a core long position,” one strategists said.
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
The Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon.
Aptos CEO Defends ‘Fair’ Tokenomics That Prompted Community Backlash
The CEO of Aptos, the newly launched layer 1 blockchain that went live last month, defended the token allocation following a wave of criticism from its community.
Moonvember kicks off with sweeping staff layoffs across crypto
There are still pockets of hope, however, with some companies looking to expand despite the market conditions.
‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack
Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack.
NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased.
Singapore Approves In-Principle License for Crypto Fund Manager Hashkey
The license from the Monetary Authority of Singapore will allow Hashkey Capital’s local arm to conduct fund management services.
You have our swords: 12 independent entities pledge legal support for Ripple
The evidence is mounting as “friends of the court” line up in support of Ripple Labs.
Coinbase transaction revenues plummet 44% as users activity declines in Q3
While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining.
South Korean prosecutors accuse Do Kwon of manipulating Terra’s price
Prosecutors have reportedly secured a “messenger conversation” in which Kwon ordered an employee to manipulate Terra’s market price.
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.
Twitter Halts Work on Crypto Wallet: Report; Dogecoin Drops 4%
The social media platform has been looking to cut costs and find new sources of revenue; DOGE falls below 13 cents.
$1B Crypto Hack Fears Spur 20% GALA Plunge, But Firm Implies It Attacked Itself as a Safeguard
Routing protocol pNetwork said it’s working with Gala on a “misconfiguration” and that “all GALA tokens on Ethereum as well as the underlying bridge collateral are SAFE.”
Digital asset platform Bakkt set to acquire Apex Crypto for $200M
The company said the acquisition is expected to diversify and bolster Bakkt’s revenue as it scales its offerings.
Developers need to stop crypto hackers — or face regulation in 2023
One report indicates that more than $2.5 billion in crypto was lost to cross-chain bridge hacks over the last two years alone.
Quebec’s energy manager to seek government approval to stop powering crypto miners
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms.
UBS AG launches digital bond settled on blockchain and traditional exchanges
With atomic settlement technology, the company said its digital bond settles through the SIX Digital Exchange (SDX), not requiring a central clearing counterparty.
Market Wrap: Ether, Other Cryptos Rise Despite Unsettling Inflationary Concerns
Bitcoin was trading sideways but other major cryptos were solidly in the green despite a jumbo interest rate hike by the Bank of England and a dip in jobless claims. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.