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South Korean Police Have Seized $1.3m in Crypto in 2022, Critics Say It’s Not Enough
19.10.2022
South Korean police have seized $1.3 million worth of crypto in criminal investigations so far this year, official numbers have revealed.
According to Segye Ilbo, the figure is just a small fraction (1.4%) of the total $92 million worth of assets seized by officers in criminal...
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’
19.10.2022
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions...
Celo Protocol Moola Market Loses Over $10M in Market Manipulation Attack
19.10.2022
Over 93% of the stolen funds were returned to the protocol shortly after the attack, developers said
Israel's Government and Tel Aviv Stock Exchange Preparing to Issue Digital State Bond
19.10.2022
Israel's Ministry of Finance and the Tel Aviv Stock Exchange (TASE) are preparing to issue a blockchain-based digital state bond
EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’
19.10.2022
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner....
First Mover Asia: All Eyes on Aptos; Cryptos Trade Down Even as Stocks Rise
19.10.2022
Aptos is launching at a time when the only concerns about the price of gas involve petroleum, not the virtual metaphor; bitcoin held comfortably above its recent $19,000 support
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation
19.10.2022
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America...
Aptos Token Plunges in Trading Debut
19.10.2022
The native token of Aptos blockchain opened for trading late Tuesday
A16z Doesn’t Support Plan to Break Up DeFi Giant MakerDAO
19.10.2022
MakerDAO, one of the largest decentralized protocols, is in the middle of a makeover. Rifts have emerged between investors and founders as they offer competing plans for making the protocol more decentralized and try to drive growth
Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation
19.10.2022
U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue. Joe Biden Believes the U.S....
IRS Expands Key US Tax Language to Include NFTs
19.10.2022
Newly released draft instructions for the 2022 tax year change the language from “virtual currency” to broader “digital assets.”
Effort to Reverse Bitcoin Fund Rejection Wins Broad Crypto Industry Support
19.10.2022
In the brief,the Blockchain Association and two other groups said that a spot bitcoin ETF "was ideally suited" for investors seeking exposure to bitcoin
France’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration as Digital Asset Service Provider
19.10.2022
Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider. Societe Generale’s Subsidiary Registers as Digital Asset Service...
Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases
18.10.2022
Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin
New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M
18.10.2022
The fund had raised over $11 million of its target as of mid-September
Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse
18.10.2022
Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which several brands will be able to offer their own shopping...
Market Wrap: Crypto Prices Decline Slightly as Trading Volumes Continue to Sag
18.10.2022
Bitcoin and ether volatility have also been declining but the futures estimated leverage ratio for both has been rising. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Web 3 Isn’t Dead, Despite What Critics Might Say
18.10.2022
Bitcoin Slips as Stocks Rise, Sparking Speculation Over Correlation
18.10.2022
BTC’s 30-day correlation with stocks drops to the lowest since January. The U.S. Federal Reserve’s aggressive interest hikes are “likely priced in,” a researcher says
CBDC Development Necessary for US to Remain Competitive, says Congressman
18.10.2022
U.S. Rep. Jim Himes joined CoinDesk TV’s “First Mover” to discuss why the U.S. should consider moving forward with a central bank digital currency