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The Senate Banking Committee, Gensler suggested that Ethereum’s transition to proof-of-stake (PoS) from proof-of-work could have brought Ethereum under the SEC’s purview because, by staking coins, “the investing public [is] anticipating profits based on the efforts of others.”
More info: https://bit.ly/3SyTO10
One of the concerned parties is the European Securities and Markets Authority (ESMA), which believes that crypto, due to its volatility and lack of regulation, carries countless risks for financial stability, as expressed in its report ‘Crypto-assets and their risks for financial stability’ published on October 4.
More info: https://bit.ly/3e1qGAH
Celsius announced that the final bid deadline for its asset was set for October 17th, after which no other bids would be considered. The lending platform had been caught in the crossfire, and further reports showed that it had a $1.2 billion hole in its balance sheet.
More info: https://bit.ly/3e0QuNl
The decentralized oracle protocol Chainlink and its native LINK token have risen by nearly 8% over the past 24 hours, according to CoinGecko. The token is now trading at $7.65 on Tuesday morning and enjoys a market capitalization of more than $3.7 billion.
More info: https://bit.ly/3Cdpy54
Founder and CIO of CyberCapital Justin Bons made some stark remarks on the Solana network and its native cryptocurrency (SOL) in a lengthy Twitter post published on Oct. 3.
The crypto researcher said that there was “blatant fraud” involved at the birth of SOL and discussed how there were false statements made with regard to the circulating supply of the cryptocurrency.
More info: https://bit.ly/3rtS39q
The report comes from the United Nations Conference on Trade and Development, which annually publishes its global economic outlook findings. According to the UNCTAD, the speed at which the Federal Reserve is raising interest rates puts the global economy at risk of recession, with poorer countries standing to fare worse than richer ones.
More info: https://bit.ly/3ruatHc
Crypto exchange Binance signed an agreement with Kazakhstan’s Financial Monitoring Agency to formalize their shared interest in developing the digital asset market in the country. Binance “plans to expand its Kazakhstani office”, Kazakh President Kassym-Jomart Tokayev said.
More info: https://bit.ly/3M28F1J
Ethereum had a market capitalization of $195.89 billion, representing a loss of 19.22% from the $158.23 billion recorded on September 15, when the Merge officially took place. Over the period, the asset has lost about $37.66 billion, according to CoinMarketCap data.
More info: https://bit.ly/3e4qH6U
The value of Luna Classic, LUNC, is up over 70% for the week and up over 44% for the month, hitting $0.000365 mid Sunday as traders awaited final token burn numbers from Binance. This as most cryptocurrencies saw minimal gains.
More info: https://bit.ly/3dYUXzQ
According to a recent press release, Bill Hagerty of Tennessee is pitching the Digital Clarity Act of 2022 as a means of shielding crypto exchanges from SEC overreach and providing regulatory clarity about how virtual assets are to be classified.
More info: https://cutt.ly/DV3yaDf
Ed Cooper, who is the crypto product owner for challenger bank Revolut, believes that concerns about Bitcoin’s impact on the environment are unwarranted.
“Washing machines and Christmas lights both consume more energy than the Bitcoin network.”
More info: https://bit.ly/3RooQHI
Ripple Labs scores a big win as Judge Torres orders the SEC to hand over documents from a 2018 speech made by then-SEC Director of the SEC’S Corporate Finance Division, William Hinman.
More info: https://bit.ly/3rgTIzh
According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions.
More info: https://bit.ly/3SHatiC
BlackRock (NYSE: BLK) is now offering European investors the ability to obtain exposure to several firms that are engaged in the creation, invention, and use of blockchain and cryptocurrency technology via the establishment of an exchange-traded fund (ETF) that the investment giant launched on September 29.
More info: https://bit.ly/3Cgp4fA
USDC issuer Circle stated that stablecoin was coming to five more networks: Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. The stablecoin will be launched on Arbitrum One, NEAR, Optimism, and Polkadot by the end of 2022 and Cosmos in early 2023.
More info: https://bit.ly/3xXV71e
Sveriges Riksbank, Sweden’s central bank, is teaming up with peers in Israel and Norway and the Bank for International Settlements (BIS) to test instant payments via retail cross-border central bank digital currency (CBDC), according to a press release on Wednesday.
More info: https://bit.ly/3E50vni
Chainlink and SWIFT are working on a proof-of-concept that will help SWIFT messages instruct token transfers. This innovation will allow financial institutions to easily integrate with blockchain technology via SWIFT.
More info: https://bit.ly/3SIbIhC
Ethereum researcher Toni Wahrstätter has published research showing that maximum extractable value (MEV) operator Flashbots is censoring all transactions originating from Tornado Cash.
Out of all 19,436 Ethereum blocks generated on Ethereum after The Merge using Flashbots' relay software (for MEV Boost), not a single block contained a transaction connected to Tornado Cash, according to Wahrstätter.
More info: https://bit.ly/3fpY1p4