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Shiba Inu redefines Shibdentity with Shib Name Service
1.11.2023
Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service. The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities. Shib Name Service (SNS) is bringing...
Busan City Seeks Operators for the Upcoming Busan Digital Asset Exchange
1.11.2023
South Korea’s Busan city is officially seeking operators for its forthcoming Busan Digital Asset Exchange. According to a notice issued by Busan City and reported by MarsBit news, the selection process for operators for the Busan Digital Asset Exchange is currently underway. Busan Digital...
CFTC Discloses $15 Million Payment to Crypto Whistleblowers
1.11.2023
The Commodity Futures Trading Commission (CFTC) has announced the award of $16 million to whistleblowers this year with a significant amount going to crypto-related cases. In an Oct 31 press release, Commissioner Christy Goldsmith Romero speaking on the Whistleblower policy highlighted...
Hong Kong’s HashKey Breaks Retail Ground with Trading App, HSK Token to Follow
1.11.2023
Hong Kong-based cryptocurrency exchange HashKey has ventured into the retail trading sector with the official launch of its trading app, making it the first licensed virtual asset exchange app in Hong Kong. HashKey’s Chief Operating Officer Livio Weng shared insights about the new app in...
Tether’s Q3 Attestation Reveals $3.2 Billion Excess Reserves Backing USDT
1.11.2023
Tether, a leading stablecoin provider, reported in its Q3 2023 report that it has $3.2 billion of excess reserves backing the value of its stablecoins, including USDT. On October 31, Tether Holdings Limited published its Consolidated Reserves Report (CRR) for Q3 2023, which has been validated...
Crypto Projects Lose $51.6 Million in Attacks, Phishing Scams, and Rug Pulls in October 2023: Beosin
1.11.2023
Beosin’s security monitoring platform, Beosin EagleEye, reported that the crypto industry saw 23 security incidents in October 2023, collectively resulting in a substantial total loss of approximately $51.61 million. These losses were attributed to a trifecta of threats: hacker attacks...
Taiwan Police Bust $320 Million Crypto Money Laundering Racket
1.11.2023
Taiwan’s Criminal Bureau’s Electronic Investigation Team busted a major crypto money laundering operation, involving $320 million worth of USDT. The criminal network, led by a merchant named Qiu, spanned multiple countries in Southeast Asia, including Malaysia, Philippines, and Hong...
Russian Politicians Want to Ban Private Citizens from Mining Crypto
1.11.2023
A senior Russian politician has claimed that lawmakers want to bar private citizens from mining crypto – but will allow industrial miners to operate. The comments came from Anton Tkachev, the Deputy Head of the State Duma’s Committee on Information Policy, Information Technologies,...
GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule
1.11.2023
The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities...
Etherfuse Launches ‘Stablebond’ Tokenized Bond Offering for Retail Investors in Mexico
1.11.2023
Etherfuse, a platform focused on improving decentralized blockchain infrastructure, has made a groundbreaking announcement to unveil ‘Stablebond’ at Solana’s breakpoint conference in Amsterdam. Live from the heart of Amsterdam, I got to introduce Stablebonds at @SolanaConf...
Closing Arguments to Begin Tomorrow in SBF Trial
31.10.2023
The jury is set to deliberate shortly in the trial of FTX founder Sam Bankman-Fried, with closing arguments scheduled for first thing Wednesday morning. The defense rested its case mid-day Tuesday following weeks of testimony from former FTX executives, including former Alameda Research...
Vitalik Buterin Foresees Diverse Scaling Strategies for Ethereum L2 Solutions
31.10.2023
Ethereum’s co-founder, Vitalik Buterin, has released a comprehensive analysis that delves deep into the intricate world of Layer 2 (L2) solutions on the blockchain. Different types of layer 2shttps://t.co/ry4VTtWhJ1 — vitalik.eth (@VitalikButerin) October 31, 2023 In a chain analysis...
US State Regulators Grant Money Transmitter Licenses to Crypto Startup Bastion
31.10.2023
Institutional-focused crypto custody firm Bastion has obtained money-transmitter licenses (MTLs) in New Hampshire and Arkansas. 1/ We’re happy to share that we received our first two Money Transmitter Licenses (MTLs) in New Hampshire and Arkansas and can now support fungible assets in both states....
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...