PayPal registers crypto service with UK FCA
The registration enables PayPal to advertise its crypto services to U.K. customers.
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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
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Circle to cease USDC minting for retail customers
Circle said the account closures do not apply to businesses or institutional Circle Mint accounts.
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Mad Lads creator Backpack to launch licensed crypto exchange in Dubai
Backpack said it also secured operational licenses in other jurisdictions.
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‘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.’
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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.
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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
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Standard Chartered’s Zodia Custody to launch in Hong Kong
The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.
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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.
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Neo sets sights on DeFi, unveils EVM-compatible sidechain
Neo’s new sidechain hopes to counter MEV attacks to mitigate exploits and manipulations.