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Nasdaq to Offer Crypto Custody
Exchange operator Nasdaq is reportedly set to launch its crypto custody service for institutional investors. As per sources, Nasdaq will initially offer services for bitcoin and ether to investors, such as hedge funds.
FTX Not Authorized
UK’s financial watchdog FCA has warned that the crypto exchange FTX is not authorized to operate in the UK. FTX, though, claims that a scammer is impersonating the company as the phone numbers listed by FCA do not belong to FTX.
Eth.link Back Online
After a month-long fight over the wrongful sale of eth.link, True Names Ltd., the company behind the Web3 domain service, Virgil Griffith, won the lawsuit against domain registration platform GoDaddy. GoDaddy falsely announced that the eth.link had expired and then sold it to a third party.
Replay Attack in EthereumPOW
EthereumPOW, the version of the network that continued to run on proof of work consensus, experienced a replay attack due to a faulty third party contract. Though the main net wasn’t impacted, the developers of EthereumPOW immediately took action to mitigate the issue.
Cardano blockchain started the five day “Vasil hard fork” process on Sep 23. The Cardano Foundation states that the Vasil upgrade will improve network performance and would help the network achieve faster transaction speeds.
Interpol Red Alert for Terra Founder
South Korean authorities have requested Interpol to issue a red notice for Do Kwon, the co-founder of Terra blockchain. Do Kwon, on the other hand, claims that he is not on the run and is ready to cooperate with the authorities.
WazirX Delists USDC, USDP, & TUSD
Similar to Binance, WazirX, the Indian crypto exchange, has delisted USDC, USDP, and TUSD and would convert its users’ current balances of these coins into Binance USD (BUSD). It has also announced that the deposits and withdrawals for USDC, USDP, and TUSD have been stopped.
Veritaseum Capital LLC has sued crypto exchange Coinbase in the US District Court in Delaware and is seeking at least $350 million in damages. It alleges that Coinbase has infringed on a patent awarded to Veritaseum founder Reggie Middleton and has used the patent for some of its infra.
Coinbase Can Operate in The Netherlands
The Dutch central bank DNB has approved crypto exchange Coinbase to operate as a crypto service provider. As a result, Coinbase can offer its full suite of retail and institutional crypto products and services in the Netherlands.
Deutsche Börse to Issue Native Digital Securities
Deutsche Börse plans to commence issuing digitally native securities on D7, its post trade platform, in the fourth quarter of this year. Though, in the current stage, smart contracts are used, the system will be underpinned by blockchain only by the next phase.
Wintermute Hacked for $160M
The algorithmic market maker Wintermute was hacked for over $160 million across 90 digital assets within the platform’s portfolio. Wintermute CEO Evgeny Gaevoy remarked that DeFi operations were hit, but CeFi and OTC have not been impacted.
Tribe DAO Votes to Repay Hack Victims
Four months after hackers drained $80 million in crypto from the DeFi platform Rari Capital, Tribe DAO, the entity formed from a token merger between Rari Capital and Fei Protocol, voted to repay Rari Capital victims. According to the on-chain voting platform Tally, 99% of the votes were in favor of full reimbursement.
BNB Chain and several Blockchain firms, including Certik and CoinMarketCap, have come together to launch a new decentralized organization, AvengerDAO. AvengerDAO will be run by the community and aims to set industry standards for safe practices.
Alameda to Repay Voyager
A New York bankruptcy court has granted crypto brokerage firm Voyager Digital to receive $200 million that it had loaned to Sam Bankman-Fried’s Alameda Research. In return, Alameda would receive its collateral worth $160 million.
Another bankrupt crypto lender Celsius Network might be considering turning its debt into crypto IOU coins. In a leaked audio file, the firm’s CTO Nuke Goldstein is heard to be delineating a plan to issue wrapped tokens that represent the debt it owes to the customers.
Helium & T-Mobile
Nova Labs, the company behind crypto powered Helium network, has inked an agreement with wireless network operator T-Mobile. Consequently, Nova Labs could cover 5G dead spots in the Helium network and also offer products and services that use both networks.
Helium to Move to Solana
The community members of the Helium network have overwhelmingly voted to move the decentralized WiFi network from its blockchain platform to Solana. The proposal, made via HIP 70, saw some 6,177 members, or roughly 81%, stake 12 million HNT to vote in its favor.
MicroStrategy Buys More BTC
Business Intelligence firm MicroStrategy bought 301 bitcoins between Aug 2 and Sep 19, according to a filing with the US SEC. Consequently, MicroStrategy now holds close to 130,000 bitcoins.
Coin Metrics and Two Sigma Partnership
Hedge fund Two Sigma’s trading data platform Venn is collaborating with crypto intelligence firm Coin Metrics. The joint engagement intends to make the crypto market more institutional investor friendly by combining Venn’s suite of investment evaluation workflows with Coin Metrics’ indexes and data.
DLT Pilot for Green Bonds
Denmark’s financial authority, FSA, has started to work on the EU’s DLT Pilot regime. A group of organizations led by Deon Digital Denmark will trial issuing tokenized green bonds in the FSA sandbox, FT Lab.
Colorado Can Pay Taxes in Crypto
Colorado residents can pay their taxes, including personal and business income tax, with crypto. Payments will be executed through PayPal’s crypto hub for an additional fee.
China to Extend CBDC Trial
The People’s Bank of China plans to extend its trial of CBDC to four more provinces, including the most populous Guangdong. PBOC will also run the pilot in Jiangsu, Hebei, and Sichuan.
Société Générale Offers New Crypto Services
The French investment bank, Société Générale, has added new services for asset managers who are seeing a surge of demand from investors for crypto. The new offerings will provide a simple way for asset managers to facilitate crypto funds while remaining compliant with EU regulations.
EU Finalizes MiCA Text
The European Union has reportedly finalized the full text of its Markets in Crypto Assets (MiCA) regulation. As per sources, the new set of rules could apply to algorithmic stablecoins and fractionalized NFTs as well.
Iran Starts CBDC Trial
The Central Bank of Iran has commenced a pilot of its CBDC dubbed “crypto rial.” As per the country’s chamber of commerce, the crypto rial is designed in a way that is easy to track even if the smartphones are hacked.
Funko Partners With Warner Bros
Retail brand Funko has teamed up with Warner Brothers to offer NFTs for physical and digital DC comic books through Walmart. DC fans purchasing the collectible can connect their crypto wallet and get their NFT minted on the WAX blockchain.