Visa is set to integrate its B2B connect network with JPMorgan’s suit of blockchain based cross-border payment products. Source: https://cointelegraph.com/news/swift-action-jpmorgan-and-visa-team-on-cross-border-blockchain-payments
Month: October 2022
Grayscale fires first salvo in case against SEC over Bitcoin ETF refusal
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21. Source: https://cointelegraph.com/news/grayscale-fires-first-salvo-in-case-against-sec-over-bitcoin-etf-refusal
Damien Hirst livestreams the burning of $10M in art for NFT project
“The Currency” is the name given to Hirst’s NFT project which examines the value of digital art versus physical art. Source: https://cointelegraph.com/news/damien-hirst-livestreams-the-burning-of-10m-in-art-for-nft-project
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore – Regulation Bitcoin News
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed: “Today’s announcement underlines our commitment to Singapore as a regional hub.” Coinbase Committed to Making Singapore Its Regional Hub The Nasdaq-listed crypto exchange Coinbase announced Monday that…
Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer. Source: https://cointelegraph.com/news/ripple-boss-tips-when-sec-case-will-end-as-hoskinson-hits-back-at-xrp-army
Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0%, and more…
Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out. Source: https://cointelegraph.com/news/nifty-news-opensea-adds-avalanche-meta-has-legs-degods-takes-0-and-more
Is Bitcoin Decoupling From The Economy? – Bitcoin Magazine
The below is a direct excerpt of Marty’s Bent Issue #1271: “Soaring rates, begging and bitcoin’s relative strength.” Sign up for the newsletter here. Last week, we discussed the fact that credit default swap spreads for sovereign nations are becoming completely detached from their historical averages. In that piece, we highlighted that rapidly rising rates will begin to have a…
Decentralized ID the key to mainstream DeFi adoption—Quadrata co-founder
Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata. Source: https://cointelegraph.com/news/decentralized-id-the-key-to-mainstream-defi-adoption-quadrata-co-founder
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator – Regulation Bitcoin News
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure to “implement effective sanctions compliance controls” between March 2014 and December 2017. Crypto Exchange Bittrex Charged With US Sanctions…
Solana DeFi Trading Platform Mango Markets Loses $100M in Hack
In the second $100 million DeFi hack this week, Mango Markets was drained of $100 million in funds due to an exploit. Mango Markets tweeted Tuesday evening that a hacker was able to empty funds from Mango via an oracle price manipulation. Only last Thursday,$100 million was stolen from the Binance Smart Chain, another DeFi protocol. According to the blockchain…