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    Blockchain

    Solana Joins Dubai’s Largest Free-Trade Zone to Foster Web3 Adoption

    Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has joined the largest free trade zone in the UAE – the Dubai Multi Commodities Centre (DMCC) – as an ecosystem partner, to tap into the Web3 value in Dubai.

    SEC Decision Not to Appeal Boosts Odds for Grayscale Bitcoin Trust (GBTC) ETF Conversion

    Recent reports indicate that the U.S. Securities and Exchange Commission (SEC) has chosen not to appeal the Grayscale decision, as Bloomberg's ETF analyst, James Seyffart, weighed in on the matter, suggesting that spot Bitcoin ETF approvals are now highly likely, deeming it a "done deal" in his October 13 post.

    Saudi Central Bank Calls IMF for “Good Supervision” of Crypto Activities

    Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), has warned against the potential dangers and risks of cryptocurrencies and their brokers.

    Tax Report Unveils Hundreds of South Korean Crypto Whales

    Data from a new South Korean tax report has revealed details of hundreds of crypto whales with millions of USD worth of coins on overseas crypto exchanges.

    Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto

    Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.

    Initia Emerges from Stealth Mode with Pre-Seed Funding from Binance Labs

    Initia, a network designed for highly interconnected modular rollups, has come out of stealth mode with a significant pre-seed investment from Binance Labs, the venture capital and incubation arm of Binance.

    Former CEO of Miami Investment Firm Pleads Guilty to Crypto Futures Fraud Conspiracy

    The former CEO of Systematic Alpha Management LLC (SAM) pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts, and he is potentially facing up to a five-year prison sentence.

    USDT Issuer Tether Appoints Paolo Ardoino As New CEO — What’s Going On?

    Tether, the company behind the largest stablecoin by market capitalization, has appointed Paolo Ardoino to serve at the helm as the company plans new operations.

    French Regulator Concludes DeFi Public Consultations, Views Ecosystem as “Disintermediated”

    The Autorité de Contrôle Prudentiel et de Résolution (ACPR), a body within the French Central Bank published a summary of the public consultation it held on decentralized finance (DeFi).

    Landmark Ruling: Chinese Court Rejects Crypto Lending Again

    Crypto lending activity still falls outside the purview of China’s legal system, ruled a Chinese court in the second ruling of the nation’s kind on Tuesday.

    Blockchain Gaming Records $600 Million Inflows, Down 38% from Last Quarter: Here’s More

    Blockchain gaming numbers were affected by the wider bear market leading many observers to criticize the existing models and the utility of most projects.

    Texas City FBI Warns Locals of Government Impersonation Crypto Scam

    Some residents of the city of El Paso in the US state of Texas have received a legitimate-looking letter from scammers impersonating as Federal Bureau of Investigation (FBI) asking to pay cryptocurrencies.

    Terraform Labs Alleges Citadel Securities’ Role in Stablecoin Depegging Conspiracy

    Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.

    Research Firm Elliptic Links FTX Hack to Russian Attackers

    Research by blockchain intelligence firm Elliptic has revealed potential links between the FTX hacking incident last November, which resulted in an estimated $400 million loss, and Russian-based cybercrime groups.

    G20 Finance Leaders Release Joint Communique Adopting Crypto Regulation Roadmap

    G20 Finance Ministers and Central Bank Governors have issued a joint communique in Marrakech, Morocco announcing unanimous adoption of a comprehensive roadmap aimed at regulating crypto assets. 

    S Korean Prosecutors to Probe ex-Kakao CEO Over Crypto ‘Embezzlement’ Allegations

    South Korean prosecutors will launch a “full-scale investigation” into the former CEO of the tech powerhouse Kakao over crypto “embezzlement” claims.