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Turkey in "Final Stage" of Bringing Crypto Legislation as Last Step to Get off FATF's Grey List: Minister

[Nov 1, 2023 1:14 AM] Turkey is in the "final stage" of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force's (FATF) "grey list.

Frax Finance Says its Domain Name Hijacking Has Been Resolved

[Oct 31, 2023 10:23 PM] Frax founder Sam Kazemian says his team has been "left in the dark" by the domain registrar as to what happened.

Bankman-Fried’s Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law

[Oct 31, 2023 5:30 PM] Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case. Bankman-Fried’s Attorneys Question Trust…

As Sam Bankman-Fried Fraud Trial Nears Close, a Terse Judge Sets Jury Instructions

[Oct 31, 2023 3:20 PM] Bankman-Fried completed his testimony Tuesday, concluding the presentation of evidence from both sides in the Justice Department's case against the FTX founder.

Bitcoin Saw 27% October Surge as Traders 'Panic Bought' Amid Bitcoin ETF Enthusiasm. Is $40,000 Next?

[Oct 31, 2023 3:00 PM] The boredom ended in October as cryptocurrency prices zoomed higher, with the biggest of them all, bitcoin [BTC], posting the strongest monthly rally since January as investors were abuzz with optimism that bitcoin ETFs will soon get approved in…

AI-Related Tokens Stumble After White House Executive Order

[Oct 31, 2023 2:47 PM] Issued Monday, President Biden's executive order is aimed at potential threats posed by artificial intelligence, but critics of the White House action wonder if innovation could be stifled.

Bankman-Fried’s Memory Fails Him in Court as Prosecution Delves Into Alameda’s Preferential Treatment

[Oct 31, 2023 1:30 PM] Ex-FTX chief Sam Bankman-Fried returned to the witness stand Monday, fielding a barrage of inquiries from the federal prosecutor. The interrogation spanned the better part of the day, with Bankman-Fried often struggling to recollect particular…

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

[Oct 31, 2023 1:11 PM] The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens…

Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether's Practice

[Oct 31, 2023 12:11 PM] USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.

SEC Chair Gary Gensler Celebrates The 15th Anniversary of The Bitcoin White Paper

[Oct 31, 2023 11:26 AM] Today, SEC Chair Gary Gensler took to X (Twitter) to commemorate the 15th anniversary of the Bitcoin white paper. Gensler, who was nominated by President Biden to serve as SEC Chair in 2021, celebrated the publication of the…

Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans

[Oct 31, 2023 10:32 AM] Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.

BlackRock's Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source

[Oct 31, 2023 9:57 AM] Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.

Coinbase-Backed Advocacy Group Enlists Crypto Masses, Raises $2M From 80,000

[Oct 31, 2023 9:00 AM] A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more than 100,000 individuals getting involved in the opening weeks, organizers say.

Celestia Airdrops TIA Token as Network Goes Live, Claims Start of 'Modular Era'

[Oct 31, 2023 8:37 AM] Celestia's mainnet beta is live following the issuance of its native token, TIA.

Sam Bankman-Fried Again Blames Underlings for Woes as FTX Founder Wraps Up Testimony

[Oct 31, 2023 8:30 AM] "So, it's your testimony that your supervisees told you to stop asking questions?" asked a prosecutor. "Did you call in your lieutenants and ask 'who spent $8 billion?'"

Blockchain Startup Etherfuse Rolls Out Tokenized Bonds in Mexico Targeting Retail Investors

[Oct 31, 2023 7:08 AM] The company is targeting the second-largest and most liquid bond market in LatAm.

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

[Oct 31, 2023 6:56 AM] Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

First Mover Americas: Solana’s SOL Gains 50% in October

[Oct 31, 2023 6:16 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Oct. 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin's 'Triangular Consolidation' Is Bullish: Technical Analysis

[Oct 31, 2023 5:05 AM] Such consolidations generally end with an upward breakout, one observer said.

Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report

[Oct 31, 2023 4:52 AM] Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea.

Coinshares Report Shows Rising Optimism in Digital Assets Drives Strongest Inflows Since July 2022

[Oct 31, 2023 4:00 AM] While closing out October, the digital asset market has witnessed a significant rush in optimism, culminating in $326 million in fund inflows, marking the largest single-week gain in one and a half years, according to Coinshares latest digital…

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure

[Oct 31, 2023 4:00 AM] The government hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Bankman-Fried Had a Hairy Day in Court

[Oct 31, 2023 4:00 AM] An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t.

Crypto Market Breadth Widens, Signals Bullish Momentum

[Oct 31, 2023 3:05 AM] Market breadth is a technical analysis technique that gauges the number of tokens participating in bitcoin's rally.

Quality Bitcoin Mining Stocks Offer a Good Way to Gain Exposure to the Next Bull Run: Bernstein

[Oct 31, 2023 2:51 AM] Bernstein expects bitcoin to rise to a high of $150,000 in the 2024-2027 cycle, the report said.

Animoca Brands Acquires Decentralized Streaming Platform Azarus

[Oct 31, 2023 2:30 AM] Animoca Brands, a Web3 blockchain games company, has announced the acquisition of Azarus, a blockchain-powered, decentralized streaming platform. The move seeks to expand the reach of both companies and create a joint environment where creators…

Unibot Exploiter Swaps Stolen Crypto for Ether Via Tornado Cash

[Oct 31, 2023 12:54 AM] Unibot confirmed on X that it had suffered a token approval exploit in its new order router.

Bitcoin Holds Steady Above $34K After Hawkish BOJ Decision

[Oct 30, 2023 11:55 PM] The BOJ's yield curve control program has been a major source of liquidity for financial markets since 2016. Early Tuesday, the bank tweak the curve control program in what appears to be a stealth hawkish move.

Sam Bankman-Fried's Defense Team Makes Last-Ditch Bid to Get 'English Law' Detail in Jury Instructions

[Oct 30, 2023 11:07 PM] A set of filings from Sam Bankman-Fried's defense team late Monday shows his attorneys still hope to clarify that English law governed FTX's terms of service – which may have implications on the fraud charges.

Bank of Spain Report: Most Spaniards Don’t Want Digital Euro, 65% Would Not Use It

[Oct 30, 2023 2:30 PM] A recent report issued by the Bank of Spain that inquires about how Spaniards use cash for payments has revealed the low degree of confidence they have in a hypothetical digital euro. 65% of the citizens surveyed reported that they would not use…