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Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

Do Kwon, the co-founder of the now-collapsed Terra ecosystem, maintains he and his firm did not skirt U.S. securities laws.

Crypto funds see largest weekly inflows in more than a year: CoinShares

Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares.

SBF claims innocence, contradicts other witnesses: Law Decoded

Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.

Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.

Biden administration issues executive order for new AI safety standards

Biden’s executive order establishes six new standards for AI safety and security and its intentions for ethical AI usage within the government.

Terrorist fundraising: Is crypto really to blame?

The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.

UK publishes plans for stablecoins regulation

Non-fiat-backed stablecoins will not be allowed into regulated payment chains.

G7 countries to launch AI code of conduct: Report

The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology.

Singapore plans joint crypto pilots with Japan, Switzerland and UK

Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.

Kraken will share data of 42,000 users with IRS

The information will be sent to the Internal Revenue Service in early November.

Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal

Growing up in poverty in a Dehli ghetto, with an alcoholic father, Sandeep Nailwal went on to found the $6B Polygon crypto empire.

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.

Crypto startup Bastion secures money transmitter licenses in US

Launched in September by two former Andreessen Horowitz executives, Bastion has acquired its first two money transmitter licenses in New Hampshire and Arkansas.

Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs.

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.

TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content

Major social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generated abusive content, such as explicit images of children.

Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

With the latest spot BTC ETF amendments by Valkyrie and VanEck joining at least six others to make similar changes, five other spot Bitcoin ETF filings are yet to be amended.

Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take a couple of months.

Spain to implement MiCA six months ahead of July 2026 deadline

The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU.

Are Bitcoin ETFs headed for one epic Gensler ‘rugpull?’ Analysts weigh in

While unlikely, Bloomberg’s ETF analysts conceded there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications.

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