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Bitcoin transaction fees reach 5-month high, Ordinals surpass 38 mln inscriptions

The last time Bitcoin transaction fees were this high was on June 6.

Moody’s unveils AI that predicts stablecoin depegging

The artificial intelligence service is designed to predict the depegging of stablecoins in 24-hours.

Proof Group among three top bidders for FTX relaunch: report

Proof Group is also part of the group that won the bid for bankrupt crypto lender Celsius.

Bank of England, FCA to regulate sterling-denominated stablecoins

The central bank expects to release the final set of regulations by 2025.

Yuga Labs, Magic Eden to launch Ethereum NFT marketplace with enforced royalties

Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.

SBF conviction closes “dark chapter” in crypto: Yat Siu

Siu said this marks the crypto industry’s evolution from the FTX collapse and the Terra-Luna meltdown.

Is Hong Kong really in the forefront of the global digital money race?

Hong Kong is charging ahead in its digital currency initiatives, but more must be done to address the e-HKD’s environmental impact and security concerns.

Bitcoin up 0.25% as U.S. jobs creation slows

Bitcoin was trading above US$34,000, as the decreasing job creation in the U.S. fueled hopes of another interest rate pause.

SBF convicted on all charges, Hong Kong buzzes with Web3 events

SBF is found guilty of fraud, Hong Kong hosts Fintech Week, Neo advances Web3, Backpack launches NFT exchange, and more.

Okto pledges US$5 mln to support Vauld users

The US$5 million fund aims to help Vauld users who can’t withdraw their assets from the platform.

SOL up over 21% in a year since Alameda’s balance sheet hole came to light

SOL rose over 319% in 2023 so far, despite concerns around FTX’s lawsuit.

XRP approved by Dubai’s Financial Services Authority

The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.

Sam Bankman-Fried found guilty on all charges

Bankman-Fried’s sentencing hearing is scheduled for March 28, 2024.

PayPal subpoenaed by SEC over PYUSD Stablecoin

PayPal said that it is collaborating with the SEC’s request.

ProShares launches short Ether ETF

The new ETF will offer investors short exposure to Ether.

PayPal registers crypto service with UK FCA

The registration enables PayPal to advertise its crypto services to U.K. customers.

Tether offers US$610 mln debt financing facility to German Bitcoin miner Northern Data

Tether extends US$610 million loan to boost Northern Data’s AI and Bitcoin mining operations.

SBF trial drama fails to dampen Bitcoin’s meteoric October

Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober

SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments

Bankman-Fried trial nears end: defense claims good faith as prosecution alleges misuse of funds.

Nomura-backed Komainu partners Crypto Garage for institutional crypto services

The collaboration aims to build institutional crypto services in Japan.

Circle to cease USDC minting for retail customers

Circle said the account closures do not apply to businesses or institutional Circle Mint accounts.

SBF examined over “cozy relationship” with Bahamian government in fraud trail

This marked Bankman-Fried’s fourth and final day of testimony before Wednesday’s closing arguments.

How blockchain can fortify children’s online safety

Colossal failures in online age verification have opened the floodgates for kids to access harmful content and become ‘friends’ with adult strangers. Can encrypted decentralized IDs put a stop to all that?

NFT’s October treat

October sees NFT resurgence with US$300 million in sales despite negative trade profits; SoFi platforms face challenges amid financial scrutiny.

Mad Lads creator Backpack to launch licensed crypto exchange in Dubai

Backpack said it also secured operational licenses in other jurisdictions.

‘Uptober’ narrative saved by spot Bitcoin ETF bounce

Often dismissed as coincidence, October has once again produced an upswing in the crypto market, with excitement around a potential U.S. spot Bitcoin ETF to thank for this year’s ‘Uptober.’

Sam Bankman-Fried’s credibility questioned by prosecutors during cross-examination

Prosecutors pointed out inconsistencies in Bankman-Fried’s public statements before FTX collapsed in a four-hour grilling.

Singapore, Japan, Switzerland and U.K. to collaborate on digital assets pilots

The MAS said that its previous tokenization pilots demonstrated great potential benefits of the technology.

UK plans to introduce fiat-backed stablecoin rules in early 2024

The U.K. intends to introduce rules on fiat-backed stablecoins in early 2024, according to the government’s latest cryptocurrency policy update published on Monday.  See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast Facts See related article: Blockchain tech in Thailand gets boost from new pro-crypto lead

Standard Chartered’s Zodia Custody to launch in Hong Kong

The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.

Thailand’s Kasikorn Bank buys majority stake in Satang crypto exchange

The lender, known as K-bank, said it will also open three additional crypto subsidiaries.

Web2 social media is in a race to the bottom. Web3 can do better

Platforms like Facebook, Reddit and the hot mess formerly known as Twitter are alienating users like never before. ‘Web3 doesn’t let you be a dick and get away with it,’ writes Joonatan Lintala, CEO of Phaver.

Take two: Sam Bankman-Fried testifies, for real this time

FTX founder Sam Bankman-Fried denied defrauding anyone as he took to the stand in his criminal trial.

Bitcoin ETF fever sends crypto prices up, SBF trial testimony, Nepal’s blockchain future

Bitcoin soars to its highest price in a year and a half as Grayscale’s legal victory against the U.S. SEC gets finalized.

Neo sets sights on DeFi, unveils EVM-compatible sidechain

Neo’s new sidechain hopes to counter MEV attacks to mitigate exploits and manipulations.

Taiwan introduces crypto regulation proposal

Taiwan’s new bill mandates crypto platform permits, addressing self-regulation gaps.

Sam Bankman-Fried’s testimony gets a test run as the defense presents its case

In a rare move, Judge Lewis Kaplan sent the jury home early so he can decide what is and isn’t admissible in FTX founder Sam Bankman-Fried’s testimony.

Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon?

Top blockchain and crypto news: Bitcoin ETF potential pumps life in markets. Ethereum NFTs back on rise. Major industry layoffs continue.

Mastercard explores partnerships with crypto wallets MetaMask, Ledger: CoinDesk

Mastercard’s potential tie up with custody service providers may turbocharge crypto wallets’ growth with its global payments prowess.

NFTs dressing up as a bull?

Amid Bitcoin’s ‘Uptober’ surge and Friend.tech’s security concerns, traders pivot back to NFTs, spurred by Blur’s rewards end date and potential Bitcoin ETF approvals.

US spot Bitcoin ETFs — crypto’s silver bullet?

Amid news, fake or otherwise, of an imminent approval for at least one spot Bitcoin ETF, Bitcoin’s price has skyrocketed. Could a year of pain in the crypto industry be over?

Parity Technologies, Polkadot blockchain developer, lays off 30% of staff

Parity CEO Björn Wagner said that despite the need for layoffs, the company’s financial health “remains robust.”

Dark Side of the $MOON: What the collapse of Reddit Community Points teaches us about Web3 tokenomics

To quell the uproar over the imminent death of a popular rewards program, Reddit is blaming ‘scalability’ and regulatory woes. But the real culprit is Reddit itself for failing to make its tokens sustainable, writes Fabio Galbi, CEO of VSC.

Binance loses two more top execs in UK and France

Global regulatory pressure on the world’s largest exchange continues to take its toll.

Binance challenges CFTC’s global reach in legal clash

Binance hits back at CFTC, stating U.S. laws can’t police global crypto operations; claims Binance.US operates separately.

Bitcoin ETF fever sends BTC to heights not seen since May 2022

As Bitcoin breaks past $35,000, optimism brews in the crypto market. Is this the end of the prolonged ‘crypto winter’ investors have dreaded?

North America retains crypto crown even as US regulatory clouds loom: Chainalysis

The United States is the region’s top driver of crypto activity.

Astar, Startale Labs announce Web3 partnership with Japanese telecom giant, KDDI 

Astar Network and Startale Labs partner with Japanese telecom giant KDDI to boost Web3 adoption.

China’s central bank to ‘resolutely curb’ crypto speculation; Hong Kong updates regulations

PBOC to crack down on crypto speculation, as Hong Kong restricts access to certain “complex” virtual asset products.

Philippines’ Coins.ph may have lost US$6 million worth of XRP in hack: The Block

Coins.ph, a cryptocurrency exchange based in the Philippines with millions of users, appeared to have lost 12.2 million XRP tokens, The Block reported on Friday.

Is TradFi’s entry into DeFi a turning point or a sign of greater battles ahead?

The pillars of Wall Street are muscling their way into crypto and decentralized finance. Who stands to benefit the most?

Bitcoin briefly rallies above US$30,000 following Grayscale’s new ETF application

Bitcoin gained over 10% this past week, boosted by Grayscale’s renewed spot Bitcoin ETF application.

Dubai’s crypto boom, Australia’s rules & Binance’s battles

Web3 leaders gather in the Future Blockchain Summit in Dubai and we take a deep dive on the woes of crypto’s largest exchange, Binance.

Binance says it signed agreements with new euro banking partners 

Binance announced it has secured new fiat partners for euro services after its former partner cut ties with the exchange last month.

LBRY shuts down operations

LBRY issued a final goodbye to the crypto community before winding down operations.

SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen

The XRP token rose over 6% on the day after the SEC dismissed the charges against Ripple’s top executives.

Prosecution winds up case against Bankman-Fried ahead of six-day pause in trial

FTX’s former general counsel Can Sun testified he was “shocked” by $7 billion in missing customer funds as the prosecution’s case starts to draw to a close.

Grayscale files for new spot Bitcoin ETF on NYSE Arca

Grayscale said that its fund is ready to operate as an ETF upon regulatory approval.

Gemini, Genesis, DCG sued by New York Attorney General

The lawsuit alleges that the companies defrauded over 230,000 investors.

Wallet Wars’ raW Pass NFTs sells out in 5 minutes

Wallet Wars, a Space Invaders-inspired game with a Web3 twist: upgradeable NFT spaceships.”

Coinbase taps Ireland as European hub ahead of MiCA regime

Coinbase said that the regulatory clarity MiCA provides to the industry is “hugely welcome.”

Binance’s rollercoaster week: expansion, setbacks, and the ghost of FTX’s collapse

Top blockchain and crypto news: Is Japan a new frontier for Binance? AI art sweeps NFT sales. ETF buzz electrifies Bitcoin.

Lightning Labs to enable stablecoins on Bitcoin ecosystem with Taproot Assets

Taproot Assets will “accelerate the process of bringing Bitcoin to those billions of people,” according to Lightning Labs.

ECB to kick off digital euro preparation phase on Nov. 1

The central bank said that the preparation phase is not a decision on the issuance of a digital euro.

OFAC sanctions Gaza-based crypto exchange allegedly linked to Hamas

The U.S. takes action against 10 Hamas-linked entities, including Gaza-based money transfer business and crypto exchange Buy Cash.

UK emerges as world’s third-largest economy in terms of crypto transaction volume: Chainalysis

The U.K. is also listed as the 14th economy on Chainalysis’ Global Crypto Adoption Index.

Over 40% of Hong Kong investors shun digital assets post-JPEX Scandal, survey reveals

The survey aimed to measure the public attitude towards virtual asset investments, following the JPEX incident.

Trust Wallet’s TWT up 7%, leads top 100 cryptos in gains

TWT price rose over 15% during the past week, after Trust Wallet announced a major rebranding upgrade.

SUI Foundations denies supply manipulation allegations

SUI fell to a new all-time low on Wednesday following supply manipulation allegations, which the Sui Foundation denies.

EU adopts new crypto tax rules, mandate data sharing from crypto firms

The new data sharing rules will go into effect 20 days after their publication in the Official Journal.

Rampant scams highlight critical need for greater crypto literacy

The plight of the Philippines — which has a high rate of crypto adoption but is also plagued by fraud — offers a window into why the industry’s ‘do your own research’ mantra isn’t enough.

FTX top lieutenant Nishad Singh bought US$3.7 million house after learning about the exchange’s misuse of customer funds

Nishad Singh testified he bought a house a month before FTX’s collapse despite learning of the exchange’s misuse of customer funds weeks prior.