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Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...
Major Market-Makers in Talks to Provide Liquidity to BlackRock’s Bitcoin ETF If Approved – Here’s Why That Matters for the BTC Price
31.10.2023
Some of the global financial industry’s largest market-makers might jump in to provide liquidity for BlackRock if the firm’s spot Bitcoin Exchange Traded Fund (ETF) application is approved by the US Securities and Exchange Commission (SEC), reported CoinDesk on Tuesday citing a personal...
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
SBF Concludes Testimony, Defense Rests Case
31.10.2023
FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday. Being careful with his word choice, Bankman-Fried faced intense questioning from US Assistant Attorney Danielle Sassoon regarding his role in FTX’s demise. SBF’s potential...
SBF Concludes Testimony, Defense Rests Case
31.10.2023
FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday. Being careful with his word choice, Bankman-Fried faced intense questioning from US Assistant Attorney Danielle Sassoon regarding his role in FTX’s demise. SBF’s potential...
Do Kwon’s Unreasonable Operations Led to Terraform Collapse: Co-founder Shin Denies Involvement
31.10.2023
The co-founder of Terraform Labs Daniel Shin has denied involvement in the collapse of the Terra Network pointing fingers at former CEO Do Kwon. Following his trial, reports have made rounds from local news media showing that Shin blames the bad policies of Do Kwon as he was not part of the company...
MultiversX is all set to launch xAI, a Web3 AI assistant
31.10.2023
MultiversX has teased its upcoming product, xAI, to the community, highlighting that it will tentatively be rolled out in the next month. What xAI does is pretty amazing, bringing a blend of artificial intelligence and blockchain technology. It has been designed to assist users in the world...
IOTA introduces Slot Commitment Chains
31.10.2023
IOTA has introduced a cryptographic commitment. Slot Commitment Chains help to sync ledger data among nodes by eliminating unnecessary pieces of information and compressing imperative pieces into local snapshots. Slot Commitment Chains is live on IOTA 2.0, establishing that IOTA will continue...
Ripple Labs and Hong Kong’s Fubon Bank Team to Offer Property Equity Access to Locals
31.10.2023
Ripple Labs is working on a pilot program with Hong Kong’s Fubon Bank to offer property equity access to residents. The developer of the XRP cryptocurrency revealed that the collaboration is a part of the e-HKD pilot project. Ripple and Fubon Bank were selected to demonstrate a use case...
Spain Moves to Adopt MiCA Six Months Before Deadline, Cites Investor Protection: Here’s More
31.10.2023
Spain has unveiled plans to reduce the transition period before the application of the Markets in Crypto Assets (MiCA) regulation. A recent publication from the government shows a meeting with the first vice president Nadia Calvino and Verena Ross, the President of the European Securities...
Web3 Wallet Backpack Launches Registered Crypto Business in Dubai
31.10.2023
Backpack , an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city. Per the company’s press release, Backpack Exchange is set...
Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC
31.10.2023
Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor....
Telegram-Based Crypto Trading Bot Unibot Hacked, Token Crashes 40%
31.10.2023
Telegram-based crypto trading bot Unibot is suspected of being hacked as users of the trading bot try to move their funds off the platform. The Unibot platform facilitates users in connecting their wallets to the decentralized exchange Uniswap, allowing them to trade tokens using Telegram-based...
South Korea’s New Crypto Crime Investigation Unit Is Already ‘Overloaded’
31.10.2023
A South Korean prosecution unit dedicated to investigating crypto crime is already “overloaded” with cases, just over a year after launching. The unit operates as part of the Seoul Southern District Prosecutors’ Office and was formerly known as the Financial and Securities Crime...
SBF Admits Alameda had “Special Privileges” on FTX, Closes out Second Day of Testimony
30.10.2023
FTX founder Sam Bankman-Fried finished out his second day of testimony in his landmark fraud case this afternoon in Manhattan federal court. With U.S. Assistant Attorney Danielle Sassoon leading the cross-examination,Bankman-Fried gave mostly curt answers while often denying recalling specific...
Uniswap DAO Signals Approval for $12 Million Investment in Ekubo’s Governance Token – Here’s What You Need to Know
30.10.2023
Uniswap DAO, a major player in decentralized finance (DeFi) world, has shown significant support for a proposal to invest a substantial amount of its treasury funds into Ekubo, a decentralized exchange (DEX) operating on Ethereum’ Starknet network. The proposal suggests investing 3 million...
Ripple Records 3 Million NFTs Minted on Its XRP Ledger – Adoption on the Rise?
30.10.2023
The XRP Ledger has successfully minted 3 million NFTs using the XLS-20 standard. This marks a significant feat in the NFT landscape. $XRP Ledger Smashes Big Milestone. #CryptoNews via @coinjupiter — Coin Jupiter (@coinjupiter) October 30, 2023 Based on data from Bithomp, a total of 3,357,404...
DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again?
30.10.2023
The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications. According to data from DefiLlama, the total value locked (TVL) on DeFi protocols has soared to $42 billion, marking...
Binance Faces Market Share Decline as Crypto Market Surges – What’s Going On?
30.10.2023
Binance, the crypto exchange that for long has dominated global crypto trading, has seen its market share continue to decline even as the overall market has surged higher. The continued decline in market share for the world’s largest crypto exchange was pointed to in a recent opinion piece...
SBF Testifies: “F-ck Regulators”
30.10.2023
Sam Bankman-Fried continued his testimony while fielding grilling questions from the prosecution in Manhattan federal court on Monday morning.  The defense finished their direct examination of Bankman-Fried earlier this morning, prompting Bankman-Fried to begin his cross-examination conducted...