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    Blockchain

    S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation

    A South Korean court has jailed a former senior executive of the crypto trading platform Coinone for taking bribes in exchange for listing altcoins.

    Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case

    Prominent media outlets, including Bloomberg, Dow Jones & Company, The New York Times, and The Financial Times, have raised objections to a joint motion by the debtors and the Official Committee of Unsecured Creditors asking for further data redactions in FTX bankruptcy case. 

    Web3 Lost Over $890 Million to Hacks and Scams in Q3 2023: Boesin

    Beosin EagleEye platform, a subsidiary of Beosin, a blockchain security audit company, revealed in a research report that Web3 lost approximately $890 million to various security breaches, phishing scams, and rug pulls in the third quarter of 2023. 

    Argentinian Oil Producer Will Mine Crypto with Associated Gas

    Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas.

    Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating

    Today, on September 26, Taiwan's financial regulator, the Financial Supervisory Commission (FSC), unveiled new guidelines for Virtual Asset Service Providers (VASPs) aimed at enhancing the protection of cryptocurrency users in the country.

    OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking

    In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook. 

    Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure — Here’s What You Need to Know

    Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023. 

    US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy

    The United States Federal Reserve Banks of Boston and New York have published a data-driven report that delves into the potential impact of stablecoins on the broader economic landscape.

    Kraken Expands Presence in Europe, Obtains EU E-Money License to Offer Services in Spain and Ireland

    Kraken moves toward a wider European presence with key regulatory steps in Spain and Ireland after it obtained an EU e-money license.

    ‘BitBoy Crypto’ Out of Jail and Back on Twitter, Mugshot Pic Goes Viral

    Crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, has been released from jail after spending eight hours there, while his mugshot went viral.

    SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers

    On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan.

    Crypto Derivatives Platform Bitget Launches ‘Smart Portfolio’ Bot to Boost Returns

    Crypto derivatives exchange Bitget has launched a new intelligent bot – Smart Portfolio – which allows users to rebalance assets based on price volatility, in a move to boost profits.

    Chase Bans Crypto-Linked Payments for U.K. Clients Starting October 16

    Chase, a digital bank owned by JPMorgan, is set to ban crypto-linked payments through debit cards or outgoing bank transfers for its UK clients starting on October 16, as conveyed in an email sent to customers.

    Layer 2 Network Optimism Announces $26 Million Airdrop to 31,870 Wallets

    Layer 2 network Optimism announced the third airdrop of OP tokens to 31,870 qualified addresses aimed at bolstering community participation.

    Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push

    Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”

    Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?

    Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30.