🗞 CryptoNews of the Day 🗞
Crypto Custody Firm BitGo Acquires HeightZero, Targeting Wealth Managers: BitGo, a well-known cryptocurrency custody provider, has announced the acquisition of HeightZero, a startup that provides software tools for wealth managers interested in crypto investments.
👉Details: https://coinmarketcap.com/academy/article/crypto-custody-firm-bitgo-acquires-heightzero-targeting-wealth-managers
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Lido Shuts Down Solana Liquid Staking Service Following Community Vote, Citing Low Fees: Lido Finance, a decentralized liquid staking technology, is ceasing operations on the Solana blockchain.
👉Details: https://coinmarketcap.com/academy/article/lido-shuts-down-solana-liquid-staking-service-following-community-vote-citing-low-fees
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Former FTX’s Head of Engineering Nishad Singh Felt “Betrayed” by SBF: Nishad Singh, FTX's former head of engineering, recounted his shock after a September 2022 meeting with the FTX founder.
👉Details: https://coinmarketcap.com/academy/article/former-ftxs-head-of-engineering-nishad-singh-felt-betrayed-by-sbf
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BlackRock's Spot Bitcoin ETF Application Still Under SEC Review Amid Approval Rumors: On October 16, Bitcoin price surged to a high of $29.4k, following a tweet from CoinTelegraph that BlackRock's Bitcoin Sport ETF had received approval.
👉Details: https://coinmarketcap.com/academy/article/blackrocks-spot-bitcoin-etf-application-still-under-sec-review-amid-approval-rumors
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Binance Burns $450M Worth of BNB Tokens in Planned Quarterly Burn: Cryptocurrency exchange Binance announced on Monday that it had conducted a planned token burn, burning more than $450 million worth of its native BNB tokens.
👉Details: https://coinmarketcap.com/academy/article/binance-burns-dollar450m-worth-of-bnb-tokens-in-planned-quarterly-burn
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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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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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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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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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Leading Decentralized Exchange Uniswap Introduces 0.15% Swap Fees on Certain Tokens: Uniswap's founder, Hayden Adams, announced that the decentralized exchange will impose a 0.15% swap charge on specified currencies via their web app and wallet interfaces.
👉Details: https://coinmarketcap.com/academy/article/leading-decentralized-exchange-uniswap-introduces-015percent-swap-fees-on-certain-tokens
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FTX Unveils Revised Plan to Return 90% of Creditor Holdings: Bankrupt cryptocurrency exchange FTX has announced a new plan that aims to refund more than 90% of creditor holdings held at the exchange prior to its November 2022 collapse.
👉Details: https://coinmarketcap.com/academy/article/ftx-unveils-revised-plan-to-return-90percent-of-creditor-holdings
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🗞 CryptoNews of the Day 🗞
Sam Bankman Fried’s Lawyers: SBF Needs More Adderall To Focus During Trial: In a letter dated October 15, Bankman-Fried's legal team asked a US judge for permission to obtain long-release Adderall to help him concentrate during his ongoing criminal trial.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-frieds-lawyers-sbf-needs-more-adderall-to-focus-during-trial
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South Korean Crypto Exchange Upbit Receives Approval for Major Payment Institution License in Singapore: Upbit, South Korea's largest cryptocurrency exchange by trading volume, reached a crucial milestone on October 16.
👉Details: https://coinmarketcap.com/academy/article/south-korean-crypto-exchange-upbit-receives-approval-for-major-payment-institution-license-in-singapore
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Solana Foundation Joins Dubai Multi Commodities Centre (DMCC) as an Ecosystem Partner: The Dubai Multi Commodities Centre (DMCC), one of Dubai's economic free zones, has welcomed the Solana Foundation into its ecosystem partner network.
👉Details: https://coinmarketcap.com/academy/article/solana-foundation-joins-dubai-multi-commodities-centre-dmcc-as-an-ecosystem-partner
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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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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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