Moonvember kicks off with sweeping staff layoffs across crypto
There are still pockets of hope however, with some companies looking to expand despite the market conditions. Go to Source Powered by WPeMatico
Month: November 2022
‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack
Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack. Go to Source Powered by WPeMatico
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial … Read more
NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased. Go to Source Powered by WPeMatico
You have our swords: 12 independent entities pledge legal support for Ripple
The evidence is mounting as “friends of the court” line up in support of Ripple Labs. Go to Source Powered by WPeMatico
JPMorgan, DBS Bank, SBI Complete Live Defi Trades on Public Blockchain
JPMorgan, DBS Bank, and SBI Digital Asset Holdings have completed their first lives trades on a public blockchain using decentralized finance (defi), tokenized deposits, and verifiable credentials under the supervision of the Monetary Authority of Singapore (MAS). Singapore’s central bank is planning two more pilots that involve Standard Chartered Bank, HSBC, and UOB. JPMorgan, DBS … Read more
Coinbase transaction revenues plummet 44% as users activity declines in Q3
While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining. Go to Source Powered by WPeMatico
South Korean prosecutors accuse Do Kwon of manipulating Terra’s price
Prosecutors have reportedly secured a “messenger conversation” in which Kwon ordered an employee to manipulate Terra’s market price. Go to Source Powered by WPeMatico
US Lawmakers Accuse Gary Gensler of ‘Hypocritical Mismanagement of SEC’ — Say the Chairman ‘Refuses to Practice What He Preaches’
Four congressmen have accused the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler of “regulatory hypocrisy and inconsistency.” They added: “While the SEC is failing to comply with federal transparency and record-keeping laws, the SEC is aggressively enforcing record-keeping laws on private businesses.” Gensler’s Regime at SEC ‘Has Been Characterized by Regulatory Hypocrisy … Read more
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. Go to Source Powered by WPeMatico
