🗞 CryptoNews of the Day 🗞
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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Sam Bankman-Fried's Memory Falters During Testimony: “I Don't Recall”: Sam Bankman-Fried, the former founder of failed crypto exchange FTX and Alameda Research, faced challenging questioning from US Assistant Attorney Danielle Sassoon during his criminal trial.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-frieds-memory-falters-during-testimony-i-dont-recall
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UK Government Unveils Final Proposal for UK Crypto Asset Regulations: The UK government has announced its final plans for regulating crypto assets, with the goal of bringing many activities inside the purview of the Financial Conduct Authority (FCA).
👉Details: https://coinmarketcap.com/academy/article/uk-government-unveils-final-proposal-for-uk-crypto-asset-regulations
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USDT Dominates Crypto Transactions in Brazil, Accounting for 80% of Volume: According to data from Brazil's revenue service agency, the stablecoin Tether (USDT) has seen a considerable increase in adoption.
👉Details: https://coinmarketcap.com/academy/article/usdt-dominates-crypto-transactions-in-brazil-accounting-for-80percent-of-volume
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Crypto Exchange Kraken To Start Sharing Data of Some Users With IRS: Kraken, a cryptocurrency exchange, has announced that it has complied with a court order requiring it to submit data on tens of thousands of its users with the Internal Revenue Service (IRS).
👉Details: https://coinmarketcap.com/academy/article/crypto-exchange-kraken-to-start-sharing-data-of-some-users-with-irs
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Sam Bankman-Fried Intended To Sell FTX to Binance From Early Days: FTX founder Sam Bankman-Fried claimed during the testimony that he planned to sell the exchange to Binance when it was still in its early phases.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-fried-intended-to-sell-ftx-to-binance-from-early-days
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Turkish Government Unveils Plan To Tax and Regulate Digital Assets Next Year: In the 2024 President's Annual Plan, the Turkish government has revealed its plans to tax cryptocurrencies and establish a regulatory framework for digital assets next year.
👉Details: https://coinmarketcap.com/academy/article/turkish-government-unveils-plan-to-tax-and-regulate-digital-assets-next-year
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Former FTX CEO Sam Bankman-Fried Testifies in New York Courtroom: On October 26, former FTX CEO Sam Bankman-Fried, also known as SBF, testified in a New York courtroom.
👉Details: https://coinmarketcap.com/academy/article/former-ftx-ceo-sam-bankman-fried-testifies-in-new-york-courtroom
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Solana Labs Launches Solana Incubator Program: Solana Labs has launched the "Solana Incubator," a new incubator programme aimed at supporting the development of companies on the Solana (SOL) blockchain.
👉Details: https://coinmarketcap.com/academy/article/solana-labs-launches-solana-incubator-program
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Bitcoin Dominance Surges to 54% as Halving Approaches: Bitcoin's dominance hits 30-month high.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-dominance-surges-to-54percent-as-halving-approaches
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Sam Bankman-Fried Will Testify for his Defense, According to his Lawyers: According to attorney Mark Cohen, former FTX CEO Sam "SBF" Bankman-Fried is scheduled to testify as part of his defense case.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-fried-will-testify-for-his-defense-according-to-his-lawyers
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Galaxy Digital: Bitcoin ETFs Could See $14.4B Inflows in First Year: The launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) could generate at least $14.4 billion in inflows in the first year.
👉Details: https://coinmarketcap.com/academy/article/galaxy-digital-bitcoin-etfs-could-see-dollar144b-inflows-in-first-year
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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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Retail e-HKD CBDC Could “Add Unique Value,” According to Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) has published a report that a retail central bank digital currency (CBDC) could bring value to the payments ecosystem.
👉Details: https://coinmarketcap.com/academy/article/retail-e-hkd-cbdc-could-add-unique-value-according-to-hong-kong-monetary-authority
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What Happened in Crypto Today: Unibot Hacked, SBF Suffers From Memory Loss!: From Unibot crashing over 30% in a day to a Billionaire wanting to invest in Bitcoin, here is a 3-minute breakdown of everything important that happened in crypto today.
👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-unibot-hacked-sbf-suffers-from-memory-loss
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Thailand’s Second-Largest Bank, Kasikornbank, Acquires Local Crypto Exchange: Kasikornbank, Thailand's second-largest bank, has acquired 97% of the shares of Satang Corporation Co. Ltd, a crypto exchange based in Thailand.
👉Details: https://coinmarketcap.com/academy/article/thailands-second-largest-bank-kasikornbank-acquires-local-crypto-exchange
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LastPass Data Breach Results in $4.4M in Crypto Stolen From 80 Wallets: A data breach impacting password storage provider LastPass in 2022 reportedly resulted in the theft of $4.4 million in cryptocurrencies from at least 25 users across 80 wallets.
👉Details: https://coinmarketcap.com/academy/article/lastpass-data-breach-results-in-dollar44m-in-crypto-stolen-from-80-wallets
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Gemini Sues Genesis Over Ownership of $1.6B in Grayscale Bitcoin Trust Shares: Gemini, a cryptocurrency exchange based in New York, has filed a lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.
👉Details: https://coinmarketcap.com/academy/article/gemini-sues-genesis-over-ownership-of-dollar16b-in-grayscale-bitcoin-trust-shares
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Upbit Dominates Korean Crypto Exchange Market, New Study Finds: Upbit leads the pack of Korean exchanges with 80% market share.
👉Details: https://coinmarketcap.com/academy/article/upbit-dominates-korean-crypto-exchange-market-new-study-finds
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USDC Issuer Circle Partners with FamilyMart and BitoGroup to Introduce Points-to-Crypto Service in Taiwan: Circle, the stablecoin issuer behind USDC, has announced a partnership with FamilyMart, Taiwan's second-largest convenience store chain, and local crypto exchange BitoGroup.
👉Details: https://coinmarketcap.com/academy/article/usdc-issuer-circle-partners-with-familymart-and-bitogroup-to-introduce-points-to-crypto-service-in-taiwan
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GBTC Outperforms Nvidia Since Start of 2023, Gaining 220%: Grayscale Bitcoin Trust (GBTC) investors who purchased shares in early January have enjoyed significant returns, with GBTC shares increasing 220% to $26.79 this year.
👉Details: https://coinmarketcap.com/academy/article/gbtc-outperforms-nvidia-since-start-of-2023-gaining-220percent
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Yuga Labs Wins $1.5M in Landmark Legal Victory Against Copycat Bored Ape NFTs: In a trademark infringement case against Ryder Ripps and Jeremy Cahen, a U.S. District Judge in California decided in favor of Yuga Labs.
👉Details: https://coinmarketcap.com/academy/article/yuga-labs-wins-dollar15m-in-landmark-legal-victory-against-copycat-bored-ape-nfts
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Bitfinex Announces Launch of First Tokenized Bond Denominated in Tether: Bitfinex Securities, a platform specializing in the listing of real-world tokenized securities, has announced intentions to list its first tokenized bond in November.
👉Details: https://coinmarketcap.com/academy/article/bitfinex-announces-launch-of-first-tokenized-bond-denominated-in-tether
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Matrixport Sticks to $45K Bitcoin Price Prediction by End of 2023: Bitmain co-founder Wu Jihan's cryptocurrency trading firm Matrixport has repeated its prediction that Bitcoin (BTC) will reach $45,000 by the end of 2023.
👉Details: https://coinmarketcap.com/academy/article/matrixport-sticks-to-dollar45k-bitcoin-price-prediction-by-end-of-2023
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FTX Estate Sends Funds to Binance, Potentially Preparing for Creditors Repayment: Collapsed crypto exchange FTX has initiated the transfer of $8.6 million worth of Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and Maker (MKR) tokens to Binance.
👉Details: https://coinmarketcap.com/academy/article/ftx-estate-sends-funds-to-binance-potentially-preparing-for-creditors-repayment
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