🗞 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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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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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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OpenAI’s Sam Altman Praises Bitcoin as a “Logical Step,” Expresses Concerns About CBDCs: OpenAI CEO Sam Altman showed his enthusiasm for Bitcoin (BTC) during an appearance on The Joe Rogan Experience podcast, calling it a "super logical" step up the tech tree.
👉Details: https://coinmarketcap.com/academy/article/openais-sam-altman-praises-bitcoin-as-a-logical-step-expresses-concerns-about-cbdcs
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Elon Musk Streams Diablo 4 Game as X Continues “Everything App” Plans: Elon Musk livestreamed himself playing Diablo 4 for 50 minutes on X, formerly known as Twitter.
👉Details: https://coinmarketcap.com/academy/article/elon-musk-streams-diablo-4-game-as-x-continues-everything-app-plans
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HTX, Formerly Huobi, Recovers $8M in ETH From Hacker: Centralized cryptocurrency exchange HTX, formerly known as Huobi Global, was able to recover $8 million in stolen Ethereum (ETH).
👉Details: https://coinmarketcap.com/academy/article/htx-formerly-huobi-recovers-dollar8m-in-eth-from-hacker
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Sui Plans To Launch $51.3M Fund To Grow DeFi Ecosystem: The Sui Foundation has announced a $51.3 million ecosystem fund to expand its DeFi ecosystem.
👉Details: https://coinmarketcap.com/academy/article/sui-plans-to-launch-dollar513m-fund-to-grow-defi-ecosystem
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FTX Co-founder Gary Wang Testifies, Says Alameda Allowed To “Withdraw Unlimited Funds.”: In his testimony during the Sam Bankman-Fried trial, former FTX co-founder Gary Wang revealed Alameda Research had unlimited access to customer funds on the cryptocurrency exchange.
👉Details: https://coinmarketcap.com/academy/article/ftx-co-founder-gary-wang-testifies-says-alameda-allowed-to-withdraw-unlimited-funds
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Su Zhu’s $36M Luxury Home in Singapore Transformed to Eco-farm Ran by His Wife: Su Zhu's $36 million luxury property in Singapore has been converted into an agroecological farm known as "Yarwood Homestead."
👉Details: https://coinmarketcap.com/academy/article/su-zhus-dollar36m-luxury-home-in-singapore-transformed-to-eco-farm-ran-by-his-wife
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Jury Selection Completed for Sam Bankman-Fried’s Criminal Trial: After extending into a second day, the jury of 12 individuals in the ongoing trial of former FTX CEO Sam Bankman-Fried has been selected to determine his fate.
👉Details: https://coinmarketcap.com/academy/article/jury-selection-completed-for-sam-bankman-frieds-criminal-trial
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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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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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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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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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Huobi, KuCoin, Bybit and BitMex Among Crypto Firms in UK FCA's Warning List: UK regulator adds major crypto exchanges to warning list.
👉Details: https://coinmarketcap.com/academy/article/huobi-kucoin-bybit-and-bitmex-among-crypto-firms-in-uk-fcas-warning-list
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Web3 Platform Galxe Hit by $160K Frontend Attack, Same Hackers Behind Balancer: The website of web3 platform Galxe was compromised in a DNS hijacking attack, redirecting users to a phishing site aiming to steal funds.
👉Details: https://coinmarketcap.com/academy/article/web3-platform-galxe-hit-by-dollar160k-frontend-attack-same-hackers-behind-balancer
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Avalanche Social Protocol Stars Arena Drained of Nearly $3M: Social protocol Stars Arena suffered a "major security breach" through which hackers stole 266,103 Avalanche (AVAX) worth $2.85 million.
👉Details: https://coinmarketcap.com/academy/article/avalanche-social-protocol-stars-arena-drained-of-nearly-dollar3m
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Hong Kong’s $182M JPEX Scandal: Exchange Rebrands to a DAO, User Funds Locked for Two Years: Hong Kong exchange JPEX is trying to redefine itself as a DAO after a police investigation into an estimated $182 million crypto theft and operating without a license.
👉Details: https://coinmarketcap.com/academy/article/hong-kongs-dollar182m-jpex-scandal-exchange-rebrands-to-a-dao-user-funds-locked-for-two-years
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WSJ: FTX Employees Discovered $65B Alameda Loophole Months Before Collapse: A group of FTX U.S.-based employees from the LedgerX team acquired by FTX in 2021 discovered a code backdoor.
👉Details: https://coinmarketcap.com/academy/article/wsj-ftx-employees-discovered-dollar65b-alameda-loophole-months-before-collapse
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Paradigm’s Matt Huang: Led by SBF To Believe Alameda Did Not Have Privileged Treatment: During his testimony on the third day of SBF's fraud trial, Paradigm co-founder Matthew Huang revealed Bankman-Fried resisted investor board seats at FTX.
👉Details: https://coinmarketcap.com/academy/article/paradigms-matt-huang-led-by-sbf-to-believe-alameda-did-not-have-privileged-treatment
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Hong Kong Stock Exchange Launches Settlement Platform Using Smart Contracts: In a move to streamline post-trade flows in Hong Kong, stock exchange HKEX has announced the launch of "Synapse," a novel equities settlement acceleration platform utilizing smart contracts.
👉Details: https://coinmarketcap.com/academy/article/hong-kong-stock-exchange-launches-settlement-platform-using-smart-contracts
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Alameda Employees Only Learned of Impending Doom from CEO Caroline Ellison’s Confession: A former engineer at the collapsed trading firm Alameda Research told CoinDesk that staff were oblivious of the company's dire financial situation.
👉Details: https://coinmarketcap.com/academy/article/alameda-employees-only-learned-of-impending-doom-from-ceo-caroline-ellisons-confession
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