The non-profit that focuses on policy issues facing cryptocurrencies, Coin Center, has filed a lawsuit against the Treasury department, the secretary of the Treasury Janet Yellen, and the Office of Foreign Assets Control’s (OFAC) director Andrea Gacki. Coin Center’s court filing says that the government’s sanctioning of Tornado Cash exceeds the Treasury’s statutory authority. The Coin Center lawsuit insists that…
The numbers represent a 74% decrease from peak levels witnessed just ten months ago. Source: https://cointelegraph.com/news/axie-infinity-player-count-falls-back-to-jan-2021-levels
The amount of Bitcoin held in reserve by mining companies has fallen to lows not seen since February 2010, according to blockchain analytics firm IntoTheBlock. And that’s been true for most of this year. As of Wednesday afternoon, Bitcoin miners have 1.91 million BTC in their wallets, according to IntoTheBlock. Bitcoin miner reserves have been above the 2 million BTC…
Racing league Formula One is positioning its brand in Web3 as it files trademark applications for “F1” covering crypto and NFTs. Source: https://cointelegraph.com/news/damien-hirst-burns-10m-in-art-nifty-newsletter-oct-5-11
The Web3 platform will focus on expanding its team globally and onboarding several more blockchains in the upcoming months. Source: https://cointelegraph.com/news/nxyz-raises-40m-to-enable-faster-blockchain-indexing
All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications. Source: https://cointelegraph.com/news/coinsquare-becomes-first-canadian-crypto-exchange-to-receive-iiroc-registration
The Solana DeFi protocol suffered a $117 million exploit yesterday, and the hacker wants 70M USDC in ‘bug bounty.’ Source: https://cointelegraph.com/news/mango-markets-hacker-proposes-steep-settlement
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market’s decline. Source: https://cointelegraph.com/news/from-neglecting-security-to-bad-tokenomics-defi-has-played-a-hand-in-its-own-decline
The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.” Source: https://cointelegraph.com/news/coin-center-files-lawsuit-against-us-treasury-over-tornado-cash-sanctions
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too long after, Binance noted that…
