Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates
The world’s largest cryptocurrency exchange painted a somber picture of the market, with occasional bright spots for individual players. Go to Source
Cryptocurrencies
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US Treasury plans to designate crypto mixers as money-laundering hubs: Report
The department previously targeted individuals connected to Tornado Cash, but its reported actions on mixers followed concerns suggesting Hamas was financed in part by crypto. Go to Source
Why the 2024 Bitcoin halving may play out differently than in the past
While the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next year. Go to Source
Advocacy groups push back against Sen. Warren linking crypto with terrorism
The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds. Go to Source
Elon Musk, Mark Cuban team up to contest SEC trial strategies
The context of this legal challenge centers around the SEC v. Jarkesy case, in which George Jarkesy contends that his Seventh Amendment rights were violated. Go to Source
IRS crypto tax reporting rules threat to industry — Coinbase legal chief
The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026. Go to Source
Binance France director resigns, adding to list of exits from crypto exchange
Stéphanie Cabossioras is at least the tenth senior executive to depart the crypto exchange this year. Go to Source
Ethereum DeFi protocol Hope Lend drained after exploit
The protocol, which had 526 Ether in total value locked, was emptied in an attack on Oct. 18. Go to Source
Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025. Go to Source
UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income
The Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable income following a public consultation. Go to Source