🗞 CryptoNews of the Day 🗞
US Lawmaker Proposed To Slash Gary Gensler’s Salary From Over $300K to $1: Rep. Tim Burchett of the United States introduced an amendment to the Financial Services and General Government (FSGG) bill.
👉Details: https://coinmarketcap.com/academy/article/us-lawmaker-proposed-to-slash-gary-genslers-salary-from-over-dollar300k-to-dollar1
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Ava Labs Confirms Layoffs, 12% of Staff Affected: According to several sources within the company, crypto startup Ava Labs, known for supporting the Avalanche blockchain network, has laid off a considerable number of staff.
👉Details: https://coinmarketcap.com/academy/article/ava-labs-confirms-layoffs-12percent-of-staff-affected
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Elon Musk Announces ChatGPT Rival Grok, Spurs Grok Memecoins Frenzy: Elon Musk announced the launch of Grok, which aims to challenge OpenAI’s popular ChatGPT model. Grok is the first product from his new xAI artificial intelligence company.
👉Details: https://coinmarketcap.com/academy/article/elon-musk-announces-chatgpt-rival-grok-spurs-grok-memecoins-frenzy
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XRP and TON Cleared for Use in Dubai Financial Hub: Dubai continues to lead in crypto regulation.
👉Details: https://coinmarketcap.com/academy/article/xrp-and-ton-cleared-for-use-in-dubai-financial-hub
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Hong Kong’s Securities and Futures Commission Issues Digital Asset Tokenization Rules: The Hong Kong Securities and Futures Commission (SFC) has issued two circulars explaining regulations concerning digital asset tokenization.
👉Details: https://coinmarketcap.com/academy/article/hong-kongs-securities-and-futures-commission-issues-digital-asset-tokenization-rules
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A16Z-backed Alongside Provides Cryptocurrency Index Fund: Alongside, a startup backed by a16z, is looking to revolutionize cryptocurrency investments with its decentralized index fund.
👉Details: https://coinmarketcap.com/academy/article/a16z-backed-alongside-provides-cryptocurrency-index-fund
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Visa Completes e-HKD Test With Hong Kong’s Hang Seng Bank and HSBC: Visa, together with HSBC and Hang Seng Bank, has completed the e-HKD pilot programme, a Hong Kong Monetary Authority central bank digital currency (CBDC) initiative.
👉Details: https://coinmarketcap.com/academy/article/visa-completes-e-hkd-test-with-hong-kongs-hang-seng-bank-and-hsbc
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Solana Rallies 20%, Outperforming Other Large Caps: Solana (SOL), an alternative layer-1 blockchain and Ethereum challenger, has experienced a remarkable surge, with its price reaching $46.30 and gaining over 21% at one point in the past day.
👉Details: https://coinmarketcap.com/academy/article/solana-rallies-20percent-outperforming-other-large-caps
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US Fed Leaves Rates Unchanged, Crypto Rallies: The Federal Open Market Committee (FOMC) of the United States Federal Reserve has opted to keep its benchmark fed funds rate range at 5.25%-5.50%, as predicted by analysts.
👉Details: https://coinmarketcap.com/academy/article/us-fed-leaves-rates-unchanged-crypto-rallies
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What Happened in Crypto Today: SBF Says Fraud Was for Greater Good: From Gensler trying to look hip to SBF claiming his fraud was in accordance with corporate standards, here is a 3-minute breakdown of things that happened in crypto today.
👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-sbf-say-fraud-was-for-greater-good
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Circle Will Phase Out Consumer Accounts, Business and Institutional Account Still Available: Circle, the stablecoin issuer, has told its customers via email that consumer or individual accounts will be closed on November 30.
👉Details: https://coinmarketcap.com/academy/article/circle-will-phase-out-consumer-accounts-business-and-institutional-account-still-available
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US CFTC Paid Whistleblowers $16M This Year, Mostly in Crypto Cases: The US Commodity Futures Trading Commission (CFTC) has paid whistleblowers a total of $16 million this year, with the majority of the tips relating to cryptocurrency cases.
👉Details: https://coinmarketcap.com/academy/article/us-cftc-paid-whistleblowers-dollar16m-this-year-mostly-in-crypto-cases
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Gary Gensler Asks Crypto Firms To Stop “Tricking” Investors on Halloween: The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator.
👉Details: https://coinmarketcap.com/academy/article/gary-gensler-asks-crypto-firms-to-stop-tricking-investors-on-halloween
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Week in DeFi: Are Telegram Trading Bots in Trouble?: Two of the most popular Telegram bots, Maestro and Unibot, have been exploited. Meanwhile, Polygon moves forward with its POL token upgrade.
👉Details: https://coinmarketcap.com/academy/article/week-in-defi-popular-telegram-bot-maestro-and-unibot-exploited
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Avalanche Blockchain Explorer SnowTrace To Shut Down Etherscan-Powered Website: SnowTrace, a popular blockchain explorer tool for Avalanche (AVAX), has announced that its Etherscan-powered website will be shut down on November 30.
👉Details: https://coinmarketcap.com/academy/article/avalanche-blockchain-explorer-snowtrace-to-shut-down-etherscan-powered-website
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Kraken Seeking Partners To Build Own Layer-2 Network: According to anonymous sources, Kraken, a renowned cryptocurrency exchange based in the United States, is considering working with major blockchain technology companies.
👉Details: https://coinmarketcap.com/academy/article/kraken-seeking-partners-to-build-own-layer-2-network
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Germany's DZ Bank Launches Blockchain-Based Digital Assets Custody Platform: DZ Bank, Germany's third-largest bank, has launched its own blockchain-powered digital asset custody platform.
👉Details: https://coinmarketcap.com/academy/article/germanys-dz-bank-launches-blockchain-based-digital-assets-custody-platform
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What Happened in Crypto Today: How Long Will SBF Stay Behind Bars?: From SBF getting convicted with fraud to Dubai giving green light to XRP and TON, here is a 3-minute breakdown of things that happened in crypto today.
👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-how-long-will-sbf-stay-behind-bars
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Paypal Receives Subpoena From SEC Regarding Stablecoin: According to the company's Q3 financial report, the United States Securities and Exchange Commission (SEC) filed PayPal with a subpoena in respect to its PayPal USD (PYUSD) stablecoin.
👉Details: https://coinmarketcap.com/academy/article/paypal-receives-subpoena-from-sec-regarding-stablecoin
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ProShares Launch Short Ethereum ETF: ProShares, a U.S.-based ETF provider, has launched the ProShares Short Ether Strategy ETF (SETH), which allows investors to profit from drops in the price of Ethereum (ETH).
👉Details: https://coinmarketcap.com/academy/article/proshares-launch-short-ethereum-etf
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SBF Convicted of Fraud, Conspiracy and Money Laundering: In a high-profile criminal case, a jury of nine women and three men unanimously found FTX founder Sam Bankman-Fried guilty on seven counts of fraud and conspiracy.
👉Details: https://coinmarketcap.com/academy/article/sbf-convicted-of-fraud-conspiracy-and-money-laundering
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PayPal Receives FCA Registration, Can Now Operate as a UK Crypto Service Provider: PayPal has been registered as a cryptocurrency service provider with the UK's Financial Conduct Authority (FCA), allowing the company to offer crypto-related services to British users.
👉Details: https://coinmarketcap.com/academy/article/paypal-receives-fca-registration-can-now-operate-as-a-uk-crypto-service-provider
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Elon Musk Calls Out NFTs’ Off-chain Storage, Saying “It’s Just a URL to the JPEG”: Elon Musk has criticized non-fungible tokens (NFTs), claiming that many NFTs are not properly stored on the blockchain.
👉Details: https://coinmarketcap.com/academy/article/elon-musk-calls-out-nfts-off-chain-storage-saying-its-just-a-url-to-the-jpeg
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SafeMoon Executives Charged by SEC for Fraud and Money Laundering, Execs Arrested by DOJ: The Securities and Exchange Commission (SEC) has filed civil charges against SafeMoon and its executives, while the DOJ has revealed an indictment against SafeMoon execs.
👉Details: https://coinmarketcap.com/academy/article/safemoon-executives-charged-by-sec-for-fraud-and-money-laundering-execs-arrested-by-doj
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Allies To Gain Access to US Ransomware Data Under New Policy
: White House finalizes ransomware response policy amid surge in attacks.
👉Details: https://coinmarketcap.com/academy/article/allies-to-gain-access-to-us-ransomware-data-under-new-policy
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SBF's Trial Nears Closing Arguments as Judge Denies Acquittal Request: The criminal trial of FTX founder Sam Bankman-Fried is slated to go to closing arguments on November 1.
👉Details: https://coinmarketcap.com/academy/article/sbfs-trial-nears-closing-arguments-as-judge-denies-acquittal-request
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Tether’s Q3 Report Shows Record Level of Cash Reserves: Tether, the leading stablecoin issuer, reported in its third-quarter attestation report that cash and cash equivalents accounted for a record-high 85.7% of total reserves.
👉Details: https://coinmarketcap.com/academy/article/tethers-q3-report-shows-record-level-of-cash-reserves
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Spain Takes Major Step Toward Crypto Regulation: Spain to fast-track EU's crypto rules.
👉Details: https://coinmarketcap.com/academy/article/spain-takes-major-step-toward-crypto-regulation
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Unibot Token Price Crashes 30% Following the Exploit: Unibot hack drains over $600K as users rush to revoke approval.
👉Details: https://coinmarketcap.com/academy/article/unibot-token-price-crashes-30percent-following-the-exploit
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Billionaire Investor Stanley Druckenmiller: “I Don’t Own Any Bitcoin To Be Frank, But I Should”: Renowned billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a strong brand presence over the past decade and a half.
👉Details: https://coinmarketcap.com/academy/article/billionaire-investor-stanley-druckenmiller-i-dont-own-any-bitcoin-to-be-frank-but-i-should
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