Author: Chris Smith
Gemini Wins In-principle Approval in Singapore
Reading Time: < 1 minuteGemini has received initial approval from the Monetary Authority of Singapore to offer select services in the country.
dYdX Fires 35% of its Employees
Reading Time: < 1 minuteDecentralized crypto exchange dYdX Trading has recently let go of 35% of its staff as its CEO, Antonio Juliano, has hinted at the need for a new direction for the company.
Hong Kong Regulator Plans to Create Consultative Panel for Licensed Crypto Exchanges
Reading Time: < 1 minuteThe SFC of Hong Kong will be creating a consultative panel for licensed cryptocurrency exchanges in 2020, according to Eric Yip, the executive director of intermediaries at the SFC.
US Accuses Crypto Exchange Operator of Laundering Silk Road Money
Reading Time: < 1 minuteThe operator of crypto exchange AurumXchange, Maximiliano Pilipis, has been charged with money laundering.
Netherlands Begins Consultation on Crypto Bill
Reading Time: < 1 minuteThe Netherlands has initiated a consultation process for a proposed bill that would require crypto services to share user data with tax authorities, in accordance with the European Union’s DAC8 directive.
Bitstamp Wins a Trading Facility License from European Regulator
Reading Time: < 1 minuteCrypto exchange Bitstamp has been granted a MTF license by the Securities Market Agency in Slovenia.
Tether Proposes to Launch Boron-backed Tokens to Turkey
Reading Time: < 1 minuteTether has suggested to the Turkish government the creation of tokens that represent borate minerals.
Standard Chartered: Bitcoin Will Reach $73K on US Election Day
Reading Time: < 1 minuteAccording to Standard Chartered Global Head of Digital Assets Research, Geoff Kendrick, Bitcoin’s all-time high of over $73,000 could be reached on Nov. 5, coinciding with the US presidential election.
Number of Bitcoin Whales Soars to 2021 Levels
Reading Time: < 1 minuteThe number of whales or network entities who hold at least 1,000 BTC has risen to 1,678 this week, marking the highest number since January 2021.
Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minuteThe individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
Komainu to Acquire Custody Firm Propine
Reading Time: < 1 minuteKomainu, a company providing digital asset custody services, has set its sights on acquiring Propine Holdings, the parent company of local custody provider Propine Technologies, based in Singapore.
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minuteThe latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minuteSince Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minuteThe team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minuteIn a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Market Update October 18
Reading Time: < 1 minuteThe cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minuteThe US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.
DoJ: Bitfinex Hacker Should Spend Five Years in Prison
Reading Time: < 1 minuteIlya “Dutch” Lichtenstein, who admitted to his involvement in the 2016 Bitfinex hack, is facing a five-year prison sentence as recommended by prosecutors.
Hackers Steal $50M from Radiant Capital
Reading Time: < 1 minuteRadiant Capital, a platform enabling borrowing and lending of cryptocurrency across blockchains, suffered a major cyberattack on Wednesday, losing over $50 million.
Paxos Rolls Out a New Stablecoin Payment Platform
Reading Time: < 1 minutePaxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.
Grayscale Files Application to Convert its Crypto Fund into an ETF
Reading Time: < 1 minuteGrayscale has submitted a request to the SEC to transform its Digital Large Cap Fund into an ETF.
Spot Bitcoin ETFs See Net Inflows of $555.86M
Reading Time: < 1 minuteOn October 14, net inflows for 12 Bitcoin exchange-traded funds (ETFs) reached $555.86 million, which was more than double the $253.54 million recorded on the previous trading day.
Tether May Lend to Commodities Trading Firms
Reading Time: < 1 minuteTether Holdings Ltd is planning to lend to commodities trading companies to utilize their billions of dollars in profits.
Ripple Co-founder Donates $1M to Kamala Harris’ Campaign
Reading Time: < 1 minuteRipple co-founder Chris Larsen has contributed $1 million in cryptocurrency to a political action committee that supports Vice President Kamala Harris.
Crypto Exchange Bitnomial Sues SEC
Reading Time: < 1 minuteBitnomial, a crypto exchange, has filed a lawsuit against the US Securities and Exchange Commission (SEC).
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