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.
Crypto
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.
Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO
“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley.
Circle Begins Putting Reserves Into New BlackRock Fund
Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday.
Santander UK limits crypto transactions for its customers
Users will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 a month.
Zero Hash Launches Operations in Brazil as First Step in Latin America
After opening an office in São Paulo, the company now plans to offer execution, settlement and liquidity solutions to clients in the South American country.
Canada Announces Crypto, Stablecoin Consultation in New Budget Statement
Federal government plans to examine crypto, which it said is “transforming financial systems” around the world.
Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry
It asked the Canada’s energy regulator to suspend the allocation of 270 megawatts already planned for mining in Quebec.
Santander UK Puts Limits on Payments to Crypto Exchanges
The bank takes note of the risks of investing in crypto and rising crypto fraud.
Jack Dorsey’s Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
Goldman Sachs creates digital asset taxonomy system for subscribing investors
The financial services giant, along with Coin Metrics and MSCI, will help investors track market movements and screen hundreds of coins and tokens by their uses.
Coinbase Cuts Q3 Losses in Half to $545M
The crypto exchange’s transaction revenue fell 44% from the second quarter, however.
The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew Crypto
Market Talks discussed the Bitcoin bottom, DOGE’s price action and signs to follow in order to know when it’s time to ape into crypto.
What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights
Many stakeholders expressed a desire to see more decentralization on the quintessential social media platform for the blockchain industry.
CloudWalk Is First Crypto Firm in Brazil to Become a Licensed Payments Institution
The company, which already has a stablecoin tied to the Brazilian real, was licensed by the central bank of the South American country.
Web3 Game Developer Mythical Games Loses 3 Top Executives
SVP Chris Ko, COO Matt Nutt and Co-Founder Rudy Koch announced their departures on Wednesday and each hinted at new ventures.
El mercado bajista de bitcoin tiene su lado positivo, según el análisis de CryptoCompare
La acumulación consistente en las direcciones de bitcoin, tanto grandes como pequeñas, y la reducción de la volatilidad hacen que el mercado bajista actual sea mucho mejor que los anteriores.
Bitcoin’s $20K support looks weak, but pro traders are neutrally positioned
New data shows how pro traders are positioned as BTC price continues to encounter resistance at $21,000.
U.S. Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ net incomes.
Koinos to launch its free-to-use blockchain mainnet
Formed by Steem blockchain veterans, the platform offers a universal programming language, free account transfers, and its own smart contracts system.
Bitcoin Draws Stability From $20K Price Floor as Traditional Markets Slide
Bitcoin traded above the psychologically important price level for a 10th consecutive day, even as stocks took a hit from U.S. central banks’ ongoing move to tighten monetary conditions.
Faltan pocos años para la “hiperbitcoinización”, según Samson Mow
El CEO de la startup de tecnología JAN3 explica por qué Bitcoin podría convertirse en el sistema monetario preferido del mundo en 2030.
El Ministerio de Digitalización de Japón creará una DAO para la exploración Web3
El ministerio busca ampliar la comprensión de lo que estas organizaciones pueden conseguir y poner a prueba sus limitaciones.
Bitcoin holds $20K post-Fed as rising dollar sparks BTC price warning
Potential headwinds are gathering for risk assets as Bitcoin puts FOMC volatility behind it.
Japan’s Digital Agency launches DAO to explore DAOs and Web3
The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the state of Wyoming approving similar legislation in July 2021.