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Articles by Source Cointelegraph
Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper
10/18/2023 2:52 AM As DAOs flood the market with unique offerings, enforcing a “registration framework built for a pen-and-paper era” fails to address the various liabilities they present to investors.
Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko
10/17/2023 10:58 PM The liquid staking derivatives finance (LSDFi) sector has grown by 58.7x since January according to a recent CoinGecko report, despite Ethereum withdrawals opening in April. Shapella upgradeThe LSDFi sector growth stats show ETH holders would rather re-stake for better yield opportunities than liquidate their assets after withdrawing.
Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts
10/17/2023 10:19 PM Coinbase’s quest for crypto legal clarity in the U.S. will likely be hindered by reports that Hamas used crypto to fund its recent attack on Israel, says Berenberg Capital Markets lead analyst Mark Palmer.
Ripple job posting hints at possible IPO, XRP community says
10/17/2023 7:45 PM Key Ripple executives have claimed that even though the SEC lawsuit has cost them many business opportunities in the U.S., most of its remittance business is outside America. The role and responsibilities listed for the potential candidate are often criteria linked to requirements for a company considering an IPO.a new job posting on Oct. 16 for a shareholder communications senior manager across multiple locations in and outside the United States.
BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K support
10/17/2023 7:45 PM How Bitcoin treats $28,000 — a “critical” BTC price point — is key, says a new analysis. on Oct. 17, Yann Allemann and Jan Happel, co-founders of on-chain analytics firm Glassnode, described the $28,000 mark as a “critical milestone” for the BTC price.After snap volatility, which caused Bitcoin to hit $30,000 for the first time since August, the largest cryptocurrency has managed to preserve some of its gains.
Crypto investor protections won’t take effect in EU until late 2024
10/17/2023 7:45 PM Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late as July 2026, the ESMA said. Cryptocurrency investors in Europe are not yet protected under European Union cryptocurrency asset market rules, and it will take some time for the protections to take effect. On Oct.
DeSci-focused DAO community funds cancer research
10/17/2023 7:45 PM VitaDAO made an initial investment of $300,000 and plans to increase funds through tokenizing intellectual property in early 2024. VitaDAO, a decentralized autonomous organization (DAO) collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, which is dedicated to treating cancer and aging diseases.
Europe's AML regulations come at a high cost - for your privacy and otherwise
10/17/2023 7:44 PM The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high. and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financial institutions alike. It’s imperative to understand their wider implications, and to question whether the costs — both monetary and ethical — are simply too high.
Binance.US asks users to convert USD into stablecoins for withdrawals
10/17/2023 7:44 PM Crypto exchange Binance.US has updated its terms of service, hinting that direct withdrawals in U.S. dollars are no longer supported on the platform.
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
10/17/2023 12:39 PM Federal Reserve Board governor Michelle Bowman spoke on financial innovation on Oct. 17 and urged a cautious approach to them. Federal Reserve Board governor Michelle Bowman shared her views on financial innovation in a speech at Harvard Law School on Oct. 17. Bowman has spoken several times on the topic, and her position seems to be growing more bearish. Bowman spoke at length about central bank digital currency (CBDC) and stablecoin.
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
10/17/2023 12:39 PM Baidu launches Ernie 4.0, CEO Robin Li claims it's on par with OpenAI's ChatGPT. Baidu, one of China’s largest technology companies, released version 4.0 of its popular “Ernie” artificial intelligence (AI) large language model (LLM) chatbot. According to an English language translation provided by Baidu, embedded in an X post alongside the usual Google Translate subtitles, CEO Robin Li claimed the updated model “stands on par with GPT-4 in terms of overall performance.
Gamers can now explore Mars in Tesla-inspired Cybertrucks - Here’s how
10/17/2023 11:17 AM The fourth planet from the Sun, Mars, was once a landscape only scientists could examine. But now, a topographically accurate game opens the red planet up to the masses There are so many unanswered questions. In the past, understanding Mars has been an opportunity only reserved for scientists. But huge technological transformations — such as— now offer ordinary people the chance to get up close and personal to an environment so divorced from our own.
Platypus Finance recovers 90% of assets lost in exploit
10/17/2023 10:37 AM The protocol was hacked for $2.23 million on October 12. Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week., developers said the protocol's net loss was limited to"18,000 Avalanche," worth $167,400 at the time of publication. On October 12, the automated market maker running on the Avalanche blockchain suffered three separate flash loan attacks that drained the protocol of $2.23 million.
Russian telecoms giant MTS announces ads service targeting Telegram users
10/17/2023 8:36 AM Russia’s biggest telecommunications firm, MTS, announces an advertising service targeting Russian Telegram users, but Telegram denies it has any agreements in place. Russia’s largest telecommunications firm, MTS, claims it will launch an advertising service targeting Russian Telegram users, but the social messaging application denies it has any agreements in place.on Oct.
Banks’ crypto exposure must be disclosed - BIS’ Basel Committee
10/17/2023 7:16 AM The Basel committee also reviewed the topic of crypto assets and bank exposure in June earlier this year. At the time, the committee mentioned they were focusing on permissionless blockchains as well as the eligibility criteria for 'Group 1' stablecoins. The proposed regulations are currently open to the public for comments, and if approved, they will come into effect by Jan.
Bitcoin Amsterdam: BTC shines in depths of crypto bear market
10/17/2023 5:15 AM Bitcoin proponents highlight BTC’s value proposition as a source of confidence for investors amid ongoing bear market conditions afflicting the broader cryptocurrency space. ) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.
This new crypto debit card brings low fees and convenience to cryptocurrency payments
10/17/2023 4:35 AM Despite the hype surrounding cryptocurrencies, few people are using the digital asset for its intended purpose — payments Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use.
Coinbase suspends 80 non-USD trading pairs to improve liquidity
10/17/2023 4:35 AM Coinbase has suspended 80 non-USD trading pairs, including the pairs with cryptocurrencies like BTC, stablecoins like USDT and fiat currencies like the euro. The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to improve “overall market health and consolidate liquidity.
Pension funds could use AI to cut costs, increase returns, says report
Artificial intelligence is touted to provide a number of benefits to the management of pension funds, according to research from Mercer.Artificial intelligence could be used by pension funds to cut costs, increase investment returns and highlight possible risks, but there are still “significant challenges to overcome” with its use, says the Mercer CFA Institute global pension report.
TrueCoin’s third-party vendor breach potentially leaks TUSD user data
10/17/2023 1:14 AM The impact of the attack and the resultant data leak is yet to be identified, as the total number of users’ data was not revealed during the announcement. TrueUSD announced that “it is not affected by the situation” at Prime Trust while emphasizing its diversified partnerships and maintaining “multiple USD rails” elsewhere. “PrimeTrust has suspended all deposits of fiat and digital assets. #TrueUSD (#TUSD) is not affected by this situation.
Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini
10/17/2023 12:33 AM A wallet associated with Ethereum co-founder Vitalik Buterin has transferred $14.9 million worth of USDC to cryptocurrency exchange Gemini. Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin ( According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct.
‘I’m still not seeing it’ - Judges skeptical of Ryder Ripps’ BAYC appeal
10/16/2023 11:12 PM The lawyer representing artists Ryder Ripps and Jermey Cahen had difficulty convincing a panel of appellate court judges that the case brought by Yuga Labs should be thrown out under California’s anti-SLAPP laws.
Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance
10/16/2023 6:31 PM Lido has stopped accepting staking services on Solana after 92.7% of the 70.1 million Lido DAO tokens voted in favor of sunsetting operations as opposed to providing additional funding. Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.by Lido’s peer-to-peer team on Sept.
Former FTX engineering director faces up to 75 years in prison following guilty plea
10/16/2023 3:53 PM Nishad Singh, FTX's former engineering director, addressed the court on the ninth day of Sam Bankman-Fried’s criminal trial, revealing details of his agreement with prosecutors.
NYC mayor releases plans for responsible AI usage in local government
10/16/2023 3:53 PM The new AI chatbot is integrated into its platform MyCity Business and will answer questions for local business owners and entrepreneurs using information from more than 2,000 city sites. for the adoption and regulation of artificial intelligence (AI) within the local government, along with a new integration into city applications.saying it is developing a framework through which city agencies can “carefully” evaluate AI tools and their risks.
Clarification on sharing false spot Bitcoin ETF news
10/16/2023 3:53 PM Cointelegraph regrets the error made in publishing a false post on X regarding the approval of a spot Bitcoin ETF. Cointelegraph apologizes to its readers and discusses its investigation into what led to the posting of unverified news on X about a spot Bitcoin ETF.We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space.
SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?
10/16/2023 3:13 PM How easy would it have been for Alameda Research to pin Bitcoin price under $20,000 for a significant amount of time? SBF, Caroline Ellision, Alameda and FTX may have conspired to keep Bitcoin price below $20,000, but is it actually possible and worth the effort?On Oct.
The explosive revelations of Caroline Ellison: Law Decoded
10/16/2023 3:13 PM Caroline Ellison’s testimony didn’t sound good for Sam Bankman-Fried. Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellisonat Alameda under Bankman-Fried’s direction.
Uniswap to charge 0.15% swap fees beginning Oct. 17
10/16/2023 3:13 PM Uniswap had no swap fees prior to today's announcement. Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17. According to a post by Hayden Adams, the DEX's founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX (XSGD).
SEC chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’
10/16/2023 1:06 PM United States Securities and Exchange Commission chair Gary Gensler believes that, without intervention, AI is likely to cause a financial crisis within the next decade.
SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide
10/16/2023 12:25 PM The U.S. Securities and Exchange Commission has released its 2024 examination priorities. The United States Securities and Exchange Commission released its 2024 examination priorities report on Oct. 16. The agency’s Division of Examinations has been publishing similar reports for over a decade to let its registrants know the emerging risks it will be focusing on. Crypto dealer-brokers, among others, have been given notice.
Binance halts onboarding of new UK users
10/16/2023 11:04 AM Onboarding will be halted immediately. Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16., the move came after the country's Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com Ltd (REBS) on Oct. 10. Among other items, the ruling prohibited REBS from ad promotions soliciting Binance goods and services. "Binance is currently looking for a new FCA authorised approver.
Nishad Singh testifies on Sam Bankman-Fried's 'excessive' investments through Alameda
10/16/2023 10:24 AM On the ninth day of Sam Bankman-Fried's criminal trial, former FTX engineering director Nishad Singh admitted to committing crimes and testified regarding Alameda's investments. The former FTX engineering director reportedly testified that SBF would "unilaterally spend Alameda's money” and was “ultimately” in charge of the firm rather than Caroline Ellison.while Caroline Ellison and Sam Trabucco led Alameda, Bankman-Fried was “ultimately” in charge of the company.
What is Reed’s law, and why does it matter in the crypto space?
10/16/2023 9:43 AM Reed’s Law highlights exponential growth from diverse communities, crucial in crypto for innovation, DeFi and decentralized governance. The concept of network effects is extended by Reed’s Law, which was developed by Harvard professor David P. Reed in 1999 and emphasizes the importance of communities and subgroups within a network. Using the formula 2^n, where “n” stands for the number of potential subgroups within the network, Reed’s Law determines the value of a network.
KYC hook for Uniswap v4 stirs community controversy
10/16/2023 7:47 AM A Know Your Customer (KYC) hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. on an open-source directory for Uniswap v4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade in token pools.
World Blockchain Summit Dubai: Fostering innovation and revolutionizing the digital space
10/16/2023 7:03 AM World Blockchain Summit, an event by Trescon, returns to Dubai on 1-2 November 2023 at the Address Dubai Marina, with strategic partners like Dubai AI & Web3 Campus by DIFC, the largest cluster of Artificial Intelligence and Web3 companies in MENA With new regulatory frameworks for digital assets and issuance of commercial licenses for web3 projects, Dubai is all set to become the blockchain capital in the Middle East region.
Scammers prefer banking customers over crypto investors in Ireland: Report
10/16/2023 4:12 AM Detectives have identified well over 20 bank accounts in the United Kingdom (UK) being used by the fraudsters but are yet to dismantle the operation. To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023. Fraudsters in Ireland prefer targeting traditional banking customers as compared to cryptocurrency investors amid a two-year-long bear market.
US government among largest Bitcoin hodlers with over $5B in BTC: Report
10/16/2023 2:48 AM The seized asset does not instantly belong to the government and The U.S. Marshals Service only receives possession of the seized Bitcoins after a court issues a definitive forfeiture judgment. The $5-billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger.) holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.
Australian crypto exchanges look to new licensing regime with cautious optimism
10/15/2023 11:21 PM While not every Australian crypto exchange is overjoyed with the latest regulatory proposal from the Treasury, everyone can agree that getting regulatory clarity on crypto is a much-needed step in the right direction. Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could put the crypto industry into a TradFi-shaped box.
EtherHiding: Hackers create novel way to hide malicious code in blockchains
10/15/2023 11:21 PM Cybersecurity firm Guardio has detailed a novel attack vector harnessing Binance smart contracts to host and hide malicious code.
Sam Bankman-Fried requests long-acting Adderall to focus during trial
10/15/2023 7:51 PM Lawyers for Sam Bankman-Fried have asked if he can take extended-release Adderall as the FTX founder is unable to properly focus during trial hours. Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial.FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial. In an Oct.
South Korean exchange Upbit gets initial license nod from Singapore
10/15/2023 7:08 PM The Singaporean entity for Upbit, South Korea’s largest exchange by volume, has received in-principle approval for its crypto-services licences from the Monetary Authority of Singapore.
Australian Treasury proposes to regulate crypto exchanges, not tokens
10/15/2023 5:02 PM The Australian Treasury has released its latest consultation paper on cryptocurrencies, where it says that crypto exchanges will be required to apply for a financial services licence. The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator.
Bitcoin signals potential range expansion- Will SOL, LDO, ICP and VET follow?
10/15/2023 12:54 PM SOL, LDO, ICP, and VET are trying to break above their respective overhead resistance levels even as Bitcoin remains stuck in a range. Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET.higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct.
Bitcoin traders eye weekly close volatility with $27K BTC price on radar
10/15/2023 9:34 AM Bitcoin stays flat in weekend trading with the BTC price weekly close of interest next. ) cruised into a new weekly close on Oct. 15 as “ultra boring” trading conditions still offered hope of a $27,000 breakthrough.Considering upside potential, Michaël van de Poppe, founder and CEO of MN Trading, argued that there was room for a BTC price trip to $27,800. “Unchanged perspective. Did a double-bottom test at $26,500 and held there.
Canon's new technology competes with ASML in chip manufacturing
10/15/2023 7:33 AM Japanese firm Canon unveiled the 'nanoimprint lithography' system, challenging Dutch ASML in the chip-making machinery sector, vital for cutting-edge chips like those in Apple's iPhones.
Latin America takes global lead in preference for centralized exchanges: Report
10/15/2023 2:11 AM A recent report by Chainalysis reveals that Latin America prefers centralized exchanges. According to a recent report from blockchain analytics firm Chainalysis, Latin America has an inclination toward centralized exchanges (CEXs) over decentralized exchanges (DEXs) compared with the rest of the world.that Latin America has the seventh-largest crypto economy in the world, trailing the Middle East and North America (MENA), Eastern Asia and Eastern Europe.
Nigerian gov supports AI initiatives with $290K in grants
10/15/2023 2:10 AM The government of Nigeria intends to grant 5 million naira ($6,444) each to 45 artificial intelligence-focused startups and researchers. The recently introduced Nigeria Artificial Intelligence Research Scheme is designed to facilitate the widespread utilization of AI to drive economic advancement.The Nigerian Minister of Communications, Innovation and Digital Economy, Bosun Tijani, revealed on Friday, Oct.
Caroline Ellison speaks on FTX-Binance war, SEC won’t appeal Grayscale BTC ETF: Hodler’s Digest, Oct. 8-14
10/14/2023 3:32 PM Caroline Ellison testifies in Sam Bankman-Fried trial, reveals more on FTX-Binance war; SEC reportedly has no plans to appeal on Grayscale BTC ETF case.
Ethereum losing streak vs. Bitcoin hits 15 months - Can ETH price reverse course?
10/14/2023 9:29 AM Bitcoin ETF and halving buzz have boosted BTC's demand versus its top rival, Ethereum. Will it continue to weaken for the remainder of 2023? Let's take a closer look at the charts.The ETH/BTC pair dropped to as low as 0.056 BTC earlier this week. In doing so, the pair broke below its 200-week exponential moving average (200-week EMA; the blue wave) near 0.058 BTC, raising downside risks further into 2023.
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