Crypto Exchange SushiSwap Approves Restructuring, Will Create Three Firms for DAO
The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands.
Crypto
How South Korea’s National Assembly Got Stood Up by Crypto Industry Reps at Terra Hearing
Only two crypto executives represented the industry, though lawmakers asked five to attend.
Norwegian gov’t agency opens metaverse office in collaboration with EY
The Brønnøysund Register Center collaborated with EY to open a virtual office in the Decentraland metaverse to reach its next generation of users.
BitPay to introduce USDC and ETH payments on Polygon network
Polygon-bridged cryptocurrencies like Ether, USDC, DAI and Wrapped Bitcoin are coming to BitPay later this week.
Bitcoin miners rethink business strategies to survive long-term
A look at why some Bitcoin miners continue to thrive in the bear market while others need to rethink their strategies in order to continue operations.
Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session.
Axelar and Polygon Supernets Team Up to Provide Cross-Chain Interoperability
This will allow developers to build their applications across multiple blockchains
Crypto Exchange Gate.io to Help Busan, South Korea, Build Blockchain Infrastructure
Binance, Huobi and FTX have previously signed a memorandum of understanding with Busan as it looks to developer its nascent crypto market.
Google feels the bear market as crypto ads revenue slips since July
Alphabet’s revenue from Google advertising was down in Q3 2022, with decreased search spending from financial services and cryptocurrency subcategories highlighted.
First Mover Americas: Bitcoin, Ether Surge on Short Squeeze
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 26, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A16z’s Largest Crypto Fund Loses 40% Value in First Half of 2022: Report
Andreessen Horowitz’s flagship crypto fund has cratered by more than 40% in the first half of this year, according to Wall Street Journal, which cites people familiar with the matter.
Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup
Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers.
Ethereum’s Layer 2 Rollups Reduce Costs, but the Risks Are Underappreciated
Ethereum’s incumbent rollup networks cannot currently claim that they “borrow” Ethereum’s security. Valid Points is CoinDesk’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets.
Gaming DAO Merit Circle to Burn Nearly $170M Worth of MC Tokens
Decentralized autonomous organization (DAO) Merit Circle has voted to burn $169 million worth of its native token.
The UK has a new name for stablecoins and a new bill to regulate crypto
The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom.
UK Police Has Crypto Experts Stationed Nationwide
The police has managed to seize and store up hundreds of millions of pounds worth of cryptocurrency, but welcomes new measures to ease seizures of crypto linked to crime and terrorism.
Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.
Bitcoin liquidates over $1 billion as BTC price hits 6-week highs
The tally of “rekt” traders keeps mounting as Bitcoin revisits levels absent since September.
New NFT Rules Possible if Lawmakers Ask, EU Official Says
The treatment of non-fungible tokens wasn’t fully resolved by Brussels’ landmark Markets in Crypto Assets regulation.
Is MATIC price about to double? Polygon’s Reddit hype pushes exchange balance to 9-month lows
MATIC price could sustain bullish momentum on cues from a mix of optimistic fundamental and technical indicators.
What the Mention of Crypto in Australia’s Budget Means
In its federal budget on Tuesday, Australia’s Treasury reiterated a June announcement that bitcoin will not be treated as a foreign currency for tax purposes.
Swiss-Based Crypto Bank SEBA Offers Custody for ‘Blue Chip’ NFTs
SEBA is extending its digital asset custody services to blue-chip NFTs such as Bored Apes and CryptoPunks.
Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with
The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters.
Singapore Central Bank Proposes Stablecoin Rules to Reign in Crypto Sector
In a separate document, the Monetary Authority of Singapore said it’s also considering measures to limit retail investors without access to professional advice from engaging in crypto markets.
Swiss Seba Bank launches NFT custody despite market decline
Seba Bank’s retail and institutional clients can now store tokens of Ethereum-based NFT collections like Bored Apes and CryptoPunks in the bank’s new custodial service.
Foreign Exchange Transactions Take Center Stage in New BIS CBDC Report
The Bank for International Settlements tested its central bank digital currency research project, mBridge, in another pilot focused on foreign exchange transactions, a new report says.
Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge
Crypto exchange FTX saw some $500 million in liquidations alone, a larger-than-usual figure.