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Switzerland's financial regulator extends reporting requirements for crypto transactions
2.11.2022
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs
Three crypto ETFs to be delisted in Australia as crypto winter continues
2.11.2022
Two of the funds just received green lights for trading in the country in May, following regulatory approval
New ‘crypto token regime’ instituted at the Dubai International Financial Centre
2.11.2022
The emirate’s free trade zone has its own legal system and courts; now its crypto regulations have been augmented and extended to all tokens recognized in the zone
Crypto Exchange Coinbase's Chief Product Officer Steps Down Amid Restructuring
2.11.2022
Chatterjee will continue to serve Coinbase in an advisory role through at least February 3, 2023
Philippines Financial Institution Unionbank Now Provides Crypto Custody and Trading Services
2.11.2022
The Union Bank of the Philippines, Inc., more commonly known as Unionbank, announced that the financial institution launched bitcoin and ethereum custody and trading services. The ninth largest bank in the country by assets, Unionbank, will leverage Metaco’s platform Harmonize to pilot...
Robinhood’s Crypto Revenue Declined 12% to $51 Million in Q3
2.11.2022
The popular no-fee trading app’s monthly average users fell to 12.1 million as customers navigated a “volatile market environment.”
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
2.11.2022
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth...
Russia Plans to Allow Mining of Any Cryptocurrency, Lawmaker Unveils
2.11.2022
Newly proposed legislation aims to permit the minting of any cryptocurrency in Russia, a prominent lawmaker has revealed. While the draft law states that the circulation of the minted coins should take place outside Russian jurisdiction, an upcoming bill provides for their use under “experimental...
Crypto executives discuss the emergence of Web3 tech hubs around the world
2.11.2022
While the San Francisco Bay Area and Miami are the traditional top picks, Singapore — or just about anywhere in the world with stable internet — has also been gaining in popularity
Biggest Crypto Options Exchange Deribit Hacked for $28 Million – What Happened?
2.11.2022
Panama-based crypto derivatives exchange Deribit has suffered a hacking attack estimated to be worth some $28 million. The exchange claims that its customers’ funds remain safe despite the latest attack.
"Deribit hot wallet compromised, but client funds are safe and loss is covered by company...
SEC chair highlights crypto enforcement cases to legal experts
2.11.2022
Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws
Analyzing What's Next for Europe's Markets in Crypto Assets Law
2.11.2022
Under the recently agreed text from the European Parliament, providers of crypto services – which means anything from trading to custody to fiat exchanges – will need a license and be monitored by a financial regulator from one of the EU’s member states
Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’
2.11.2022
The Solana-centric lending application Solend lost $1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend...
Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines to Launch BTC & ETH Custody & Trading
2.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines...
Troubled Crypto Exchange Zipmex Is in Advanced Takeover Talks
2.11.2022
Cryptocurrency exchange Zipmex is in advanced buyout negotiations that will see it potentially sell a majority stake in the business
India Considers Taxing Crypto Income From Businesses Headquartered Elsewhere
2.11.2022
India’s taxation authority has proposed new changes to the filing of income tax returns that could have a significant impact on those holding virtual digital assets (VDAs) or cryptocurrencies or possibly even investments in DAOs (Decentralized Autonomous Organizations)
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet
2.11.2022
Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company
McDonald’s, pizza and coffee paid in Bitcoin: The Plan B for crypto payments
2.11.2022
Crypto payments are taking off in a big way in Lugano, Switzerland with 60 merchants and counting
Bitcoin Options Giant Deribit Loses $28 Million in Hot Wallet Hack
2.11.2022
The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives...
Bitcoin, Ethereum Technical Analysis: ETH Drops to 5-Day Low, as Fed Likely to Delay Policy Pivot
2.11.2022
Ethereum dropped to its lowest level since last Friday during today’s session, as consolidation in crypto markets continued on Wednesday. This comes ahead of this afternoon’s U.S. Federal Reserve interest rate decision. Bitcoin was also in the red, and remains below $20,800. Bitcoin...