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.
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Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025.
Banks’ crypto exposure must be disclosed: BIS’ Basel Committee
The proposed regulations are currently open to the public for comments and if approved they will come into effect by Jan. 1, 2025.
BTC price holds 6% gains as Bitcoin battles for 'crucial' $28K support
Bitcoin is at a "critical milestone" as BTC price tackles the $28,000 mark, say the co-founders of Glassnode.
Ripple job posting hints at possible IPO, XRP community says
The role and responsibilities listed for the potential candidate are often criteria linked to requirements for a company considering an IPO.
Bitcoin Amsterdam: BTC shines in depths of crypto bear market
Prominent Bitcoin developers and market analysts highlight BTC’s relative performance to the broader cryptocurrency markets at Bitcoin Amsterdam.
Coinbase suspends 80 non-USD trading pairs to improve liquidity
Coinbase crypto exchange has been removing dozens of trading pairs in an effort to improve liquidity on its platforms.
UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income
The Ministry of Justice’s proposed ‘Help with Fees’ scheme will not classify cryptocurrencies as disposable income following a public consultation.
Canada central bank assesses innovations and challenges of DeFi
The staff note suggested that although the DeFi ecosystem brings a ton of innovations in the financial sector the regulatory challenges and vulnerability limit its potential use in traditional finance.
TrueCoin’s third-party vendor breach potentially leaks TUSD user data
Stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data as one of TrueCoin’s third-party vendors got compromised.
TrueCoin was the operator of the TUSD stablecoin till July 13, 2023. On Oct. 16, a third-party vendor’s security team informed TrueCoin of “an anomalous account change within [TrueCoin’s] organization made by a compromised support vendor.” As a result, TrueCoin suspects the compromise of some of TUSD’s existing customer data.
TrueCoin’s internal systems were not impacted or accessed, as the company confirmed that the attack was an isolated incident on a third-party vendor. “TUSD system is SECURE and not attacked. Both TUSD system and TUSD's reserves are UNAFFECTED,” affirmed TrueUSD through its official X (formerly Twitter) account.
Data collected from such breaches — names, email addresses and phone numbers, among others — are typically used for phishing attacks. Attackers reach out to unwary investors by mimicking various crypto services, often promising high profits in short amounts of time.
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.
Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini
Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin.
Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini
Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin.
‘I’m still not seeing it’ — Judges skeptical of Ryder Ripps’ BAYC appeal
The lawyer representing Ryder Ripps and Jeremy Cahen struggled to convince a panel of judges that Yuga Labs’ case against his clients should be thrown out under California’s anti-SLAPP statute.
FTX customers could get $9B shortfall claim payout by mid-2024
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US.
Pennsylvania crypto mining permit halt cut from bill after union pressure
The bill’s sponsor Greg Vitali included a clause that instead subjects miners to ongoing reporting requirements to get the bill past a House Committee.
Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance
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.
The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer team on Sept. 5, citing unsustainable financials and low fees generated by Lido on Solana. Voting commenced on Sept. 29 and finished a week later on Oct. 6.
“After extensive DAO forum discussion followed by community vote, the sunsetting of the Lido on Solana protocol was approved by Lido token holders and the process will begin shortly,” Lido explained in an Oct. 16 post.
Lido will not be accepting staking requests as of Oct. 16. Voluntary node operator off-boarding will begin on Nov. 17 and Lido users will need to unstake on Solana’s frontend by Feb. 4.
“After this date, unstaking will need to be done using the CLI,” Lido added.
NYC mayor releases plans for responsible AI usage in local government
The administration for the mayor of New York City has released a plan for creating a framework for government agencies to utlitize AI, along with the pilot of the city’s first AI chatbot.
Clarification on sharing false spot Bitcoin ETF news
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.
Former FTX engineering director faces up to 75 years in prison following guilty plea
Nishad Singh's testimony was seemingly part of prosecutors' strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.
Uniswap to charge 0.15% swap fees beginning Oct. 17
Fees will not be collected on inter-stablecoin trades, nor on wrapping Ether.