🗞 CryptoNews of the Day 🗞
Australia Proposes New Licensing Rules for Crypto Exchanges
: Tougher regulations coming for Australian crypto platforms.
👉Details: https://coinmarketcap.com/academy/article/australia-proposes-new-licensing-rules-for-crypto-exchanges
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Ferrari Will Accept Crypto Payments for Its Luxury Supercars in the U.S.
: In response to rising client demand, Ferrari, the renowned luxury car maker, plans to accept cryptocurrency payments for its premium sports cars.
👉Details: https://coinmarketcap.com/academy/article/ferrari-will-accept-crypto-payments-for-its-luxury-supercars-in-the-us
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Glassnode: Bitcoin Whales Are Accumulating, Ethereum Whales Selling: Glassnode data shows a striking difference in the behavior of major Bitcoin and Ethereum holdings, indicating divergent views among crypto whales.
👉Details: https://coinmarketcap.com/academy/article/glassnode-bitcoin-whales-are-accumulating-ethereum-whales-selling
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🗞 CryptoNews of the Day 🗞
MetaMask Temporarily Removed from Apple’s App Store, Sparking Concerns: On October 14, the leading Ethereum wallet, MetaMask, was temporarily removed from the Apple App Store, raising fears of a permanent ban.
👉Details: https://coinmarketcap.com/academy/article/metamask-temporarily-removed-from-apples-app-store-sparking-concerns
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Elliptic Suggests $477M FTX Hack in 2022 Is Linked to Russian Group: Elliptic, a blockchain analytics and surveillance firm, has proposed that the mysterious hacker behind the $477 million FTX exchange hack in November last year.
👉Details: https://coinmarketcap.com/academy/article/elliptic-suggests-dollar477m-ftx-hack-in-2022-is-linked-to-russian-group
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🗞 CryptoNews of the Day 🗞
China Opens Industrial Park in Shenzhen to Boost Digital Yuan Ecosystem: China has inaugurated its first industrial park dedicated to the development of the digital yuan, commonly known as the e-CNY, in Shenzhen's Luohu area.
👉Details: https://coinmarketcap.com/academy/article/china-opens-industrial-park-in-shenzhen-to-boost-digital-yuan-ecosystem
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CFTC and FTC Charge Former Voyager CEO Stephen Ehrlich: The Commodities and Futures Trading Commission (CFTC) has sued Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager Digital.
👉Details: https://coinmarketcap.com/academy/article/cftc-and-ftc-charge-former-voyager-ceo-stephen-ehrlich
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WOO Network To Buy Back All Tokens and Equity Acquired by Three Arrows Capital: WOO Network, a cryptocurrency exchange, has reached an agreement to repurchase shares and tokens previously acquired by bankrupt hedge firm Three Arrows Capital (3AC).
👉Details: https://coinmarketcap.com/academy/article/woo-network-to-buy-back-all-tokens-and-equity-acquired-by-three-arrows-capital
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🗞 CryptoNews of the Day 🗞
Ethereum Gas Fees Plummets to Yearly Lows Amid Decrease in Activity: According to Etherscan data, Ethereum (ETH) gas fees have dropped to their lowest level since October 2022.
👉Details: https://coinmarketcap.com/academy/article/ethereum-gas-fees-plummets-to-yearly-lows-amid-decrease-in-activity
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🗞 CryptoNews of the Day 🗞
Caroline Ellison Gets Emotional — “I Just Felt a Sense of Relief” After FTX Collapse: Caroline Ellison, a key witness in the prosecution of Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, delivered an emotional testimony on October 12.
👉Details: https://coinmarketcap.com/academy/article/caroline-ellison-gets-emotional-—-i-just-felt-a-sense-of-relief-after-ftx-collapse
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Caroline Ellison: Sam Bankman-Fried Wanted To Be U.S. President: In a surprising revelation during the trial, Caroline Ellison, SBF's former companion and business partner, said the founder and CEO of FTX had desires to become President.
👉Details: https://coinmarketcap.com/academy/article/caroline-ellison-sam-bankman-fried-wanted-to-be-us-president
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🗞 CryptoNews of the Day 🗞
Failed Crypto Hedge Fund 3AC's $284M Claim Against BlockFi Put Into Mediation: The U.S. bankruptcy judge in charge of BlockFi's lawsuit has ordered bankrupt crypto hedge fund Three Arrows Capital (3AC) to enter mediation.
👉Details: https://coinmarketcap.com/academy/article/failed-crypto-hedge-fund-3acs-dollar284m-claim-against-blockfi-put-into-mediation
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🗞 CryptoNews of the Day 🗞
Pro-crypto U.S. Presidential Candidate Robert F. Kennedy, Jr Drops Democrats To Run as Independent: Robert F. Kennedy Jr., a pro-crypto presidential candidate, stated on October 9 during a rally in Philadelphia that he would withdraw his bid for the Democratic primary nomination.
👉Details: https://coinmarketcap.com/academy/article/pro-crypto-us-presidential-candidate-robert-f-kennedy-jr-drops-democrats-to-run-as-independent
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Binance To Comply With UK’s New Financial Promotions Rules: Major global cryptocurrency exchanges and industry firms have indicated their intention to follow the UK Financial Conduct Authority's (FCA) new financial promotion regulations.
👉Details: https://coinmarketcap.com/academy/article/binance-to-comply-with-uks-new-financial-promotions-rules
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FTX Co-founder Gary Wang Reveals Insurance Fund Balance Were Faked During Testimony: In a recent court testimony, FTX co-founder Gary Wang disclosed that the insurance fund balance of the crypto exchange did not align with the actual funds held by the platform.
👉Details: https://coinmarketcap.com/academy/article/ftx-co-founder-gary-wang-reveals-insurance-fund-balance-were-faked-during-testimony
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U.S. Government's Bitcoin Holdings Worth $5 Billion, Acquired Through Seizures
: U.S. government's passive acquisition of Bitcoin results in largest state-owned hoard.
👉Details: https://coinmarketcap.com/academy/article/us-governments-bitcoin-holdings-worth-dollar5-billion-acquired-through-seizures
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🗞 CryptoNews of the Day 🗞
Latin America Prefers Centralized Exchanges (CEXs) in Crypto Usage, Report Finds
: According to a recent analysis from blockchain analytics firm Chainalysis, Latin America prefers centralized exchanges (CEXs) over decentralized exchanges (DEXs).
👉Details: https://coinmarketcap.com/academy/article/latin-america-prefers-centralized-exchanges-cexs-in-crypto-usage-report-finds
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FTX Estate Stakes 5.5 Million Solana Worth $122M: Over 5.5 million Solana (SOL) were sent by an FTX-identified wallet to Figment, a staking validator service catering to institutional investors.
👉Details: https://coinmarketcap.com/academy/article/ftx-estate-stakes-55-million-solana-worth-dollar122m
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What Happened in Crypto Today? [Oct. 16]: From FTX staking its massive SOL stash to the US goverment holding ~200k BTC, here is a 2-minute breakdown of everything important that happened in crypto today.
👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-oct-16
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Mastercard Completes Trial To Wrap CBDCs on Multiple Blockchains: Mastercard has completed a successful experiment with the Reserve Bank of Australia (RBA) and the country's Digital Finance Cooperative Research Centre CBDC.
👉Details: https://coinmarketcap.com/academy/article/mastercard-completes-trial-to-wrap-cbdcs-on-multiple-blockchains
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Bitcoin Dips Following CPI Report as Inflation Remains at 3.7%: Following the release of the latest U.S. Consumer Price Index (CPI) report, which indicated a slowdown in inflation, Bitcoin and the wider crypto market experienced a dip.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-dips-following-cpi-report-as-inflation-remains-at-37percent
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#CMCResearch: #Crypto Market Overview in Q3, 2023 🔎
The total crypto market cap at the end Q3 is at $1.07 trillion USD, representing a drop of 8.56% in Q3, but is still up 34.95% YTD. A few factors have led the market growth this quarter: In Q3 2023, the crypto market witnessed significant growth narratives compared to Q2.
In this report we dissect Q3’s market condition:
🔹 #Bitcoin & #Ethereum Key Events
🔹 Exclusive CMC Stats
🔹 Key themes in Q3 2023
🔹 Global Crypto Demographic Insight
👉Details: https://coinmarketcap.com/academy/article/according-to-cmc-crypto-market-analysis-q3-2023
🗞 CryptoNews of the Day 🗞
JPMorgan's Onyx Completes Successful Cross-Border Payments Pilot with First Abu Dhabi Bank: Onyx Coin Systems, JPMorgan's blockchain-based payment system, has reached another milestone in the Middle East with the completion of a successful pilot project.
👉Details: https://coinmarketcap.com/academy/article/jpmorgans-onyx-completes-successful-cross-border-payments-pilot-with-first-abu-dhabi-bank
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Tangible's USDR Token Depegs by 50% as DAI Redemptions Expose Liquidity Issue: Tangible, a project which claims to offer the “first stablecoin backed by tokenized, yield-generating real estate,” experienced a significant crash in its Real USD (USDR) stablecoin.
👉Details: https://coinmarketcap.com/academy/article/tangibles-usdr-token-depegs-by-50percent-as-dai-redemptions-expose-liquidity-issue
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Trader Joe’s Files Trademark Lawsuit Against DeFi Exchange Trader Joe: Trader Joe's, an American grocery store business, has launched a trademark infringement lawsuit in California against popular DeFi platform Trader Joe and its co-founder Cheng Chieh Liu.
👉Details: https://coinmarketcap.com/academy/article/trader-joes-files-trademark-lawsuit-against-defi-exchange-trader-joe
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Arthur Hayes: Bitcoin Could Hit $750K to $1M by 2026: Cryptocurrency investor Arthur Hayes has made a bold prediction for the future of Bitcoin (BTC), stating that he believes its price will soar to $750,000 to $1 million by 2026.
👉Details: https://coinmarketcap.com/academy/article/arthur-hayes-bitcoin-could-hit-dollar750k-to-dollar1m-by-2026
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Former Alameda CEO Caroline Ellison Testifies Against SBF, Says He “Directed” Her To Commit Fraud: Caroline Ellison, the former CEO of Alameda Research, took the stand as a star witness against failed FTX founder Sam Bankman-Fried, claiming that he directed her to commit crimes.
👉Details: https://coinmarketcap.com/academy/article/former-alameda-ceo-caroline-ellison-testifies-against-sbf-says-he-directed-her-to-commit-fraud
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Bitcoin ASIC Firm Bitmain Halts Employee Salary Payments and Incentives, Citing Cash Flow Issues: Bitmain, a leading Bitcoin application-specific integrated circuit (ASIC) manufacturer, has reportedly suspended salary payments for its employees since September.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-asic-firm-bitmain-halts-employee-salary-payments-and-incentives-citing-cash-flow-issues
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🗞 CryptoNews of the Day 🗞
Brazil Plans Second Regulatory Sandbox Program for Tokenization Use Cases in 2024: The Brazilian securities regulator, the Comissão de Valores Mobiliários (CVM), plans to begin a second regulatory sandbox programme in 2024, concentrating on tokenization use cases.
👉Details: https://coinmarketcap.com/academy/article/brazil-plans-second-regulatory-sandbox-program-for-tokenization-use-cases-in-2024
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🗞 CryptoNews of the Day 🗞
Ethereum Foundation Sells Portion of ETH Holdings, Impacting Market: Ethereum Foundation's crypto swap on Uniswap causes brief market fluctuation.
👉Details: https://coinmarketcap.com/academy/article/ethereum-foundation-sells-portion-of-eth-holdings-impacting-market
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