JPMorgan hired Celsius' former head of policy and regulatory affairs to be its executive director for digital assets regulatory policy.
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📍 Follow @Coins for the hottest news in crypto.
ETH Deposited in Tornado Cash Declines by 60% After OFAC Sanctions
Tornado Cash is an open-source crypto mixer that enhances on-chain privacy on EVM-compatible networks. On Aug. 8, the Office of Foreign Assets Control (OFAC) imposed sanctions on the protocol.
As a result of the sanctions, ETH deposited in Tornado Cash has declined almost 60% from 224K ETH on the day before sanctions were announced to 91K ETH today. Unique depositors have also declined from 700-800 previously to under 100 currently.
The protocol uses multiple smart contracts that accept different quantities of ETH and ERC-20 deposits. Users can withdraw these deposits to different addresses at a later point. By using zero-knowledge proofs, the protocol breaks the link between the sender and the recipient.
Tornado Cash has been often used by hackers who use the service to erase on-chain links that can be traced to their real-world identity.
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Tornado Cash is an open-source crypto mixer that enhances on-chain privacy on EVM-compatible networks. On Aug. 8, the Office of Foreign Assets Control (OFAC) imposed sanctions on the protocol.
As a result of the sanctions, ETH deposited in Tornado Cash has declined almost 60% from 224K ETH on the day before sanctions were announced to 91K ETH today. Unique depositors have also declined from 700-800 previously to under 100 currently.
The protocol uses multiple smart contracts that accept different quantities of ETH and ERC-20 deposits. Users can withdraw these deposits to different addresses at a later point. By using zero-knowledge proofs, the protocol breaks the link between the sender and the recipient.
Tornado Cash has been often used by hackers who use the service to erase on-chain links that can be traced to their real-world identity.
📍 Follow @Coins for the hottest news in crypto.
South Africa classifies cryptocurrency as financial instrument
https://www.cryptopolitan.com/south-africa-regulates-the-crypto-industry
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https://www.cryptopolitan.com/south-africa-regulates-the-crypto-industry
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Cryptopolitan
South Africa classifies cryptocurrency as financial instrument – Cryptopolitan
Several nations are working on crypto regulatory frameworks. Some have succeeded, others have failed, and South Africa is one of the successful ones. In South Africa, crypto assets will be treated as financial products moving forward. This will make it simpler…
On Oct. 19, Kraken, the second largest exchange in the US, sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers.
“Due to the new European legislation, we have to take measures to restrict your Kraken account. We will update our support center if there are any changes,” Kraken noted, adding: “We apologize for the inconvenience caused.”
https://cointelegraph.com/news/kraken-crypto-exchange-is-next-to-close-doors-to-russian-users
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“Due to the new European legislation, we have to take measures to restrict your Kraken account. We will update our support center if there are any changes,” Kraken noted, adding: “We apologize for the inconvenience caused.”
https://cointelegraph.com/news/kraken-crypto-exchange-is-next-to-close-doors-to-russian-users
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Cointelegraph
Kraken crypto exchange is next to close doors to Russian users
Crypto exchange Kraken is restricting accounts of Russian users on its platform, joining firms like Blockchain.com, Crypto.com and LocalBitcoins.
PancakeSwap eyes Aptos following Ethereum integration.
The team intends to deploy four of its main features — swaps, farms, pools and initial farm offerings.
This will also involve creating a native version of the CAKE token on Aptos, which will be the first native CAKE token on another blockchain.
https://www.theblock.co/post/178602/pancakeswap-eyes-aptos-following-ethereum-integration
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The team intends to deploy four of its main features — swaps, farms, pools and initial farm offerings.
This will also involve creating a native version of the CAKE token on Aptos, which will be the first native CAKE token on another blockchain.
https://www.theblock.co/post/178602/pancakeswap-eyes-aptos-following-ethereum-integration
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The Block
PancakeSwap eyes Aptos following Ethereum integration
BNB Chain’s popular decentralized exchange PancakeSwap is looking at expanding to Aptos, just weeks after it extended to Ethereum.
Metamask announced the public beta launch of the MetaMask SDK: a set of simple, reliable, and secure tools that make it easier to connect your dapp to a 🦊 wallet no matter the platform or environment.
https://twitter.com/metamaskdev/status/1582778290179567616
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https://twitter.com/metamaskdev/status/1582778290179567616
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Twitter
Hi Devs!
We’d like to announce the public beta launch of the @MetaMask SDK: a set of simple, reliable, and secure tools that make it easier to connect your dapp to a 🦊 wallet no matter the platform or environment. https://t.co/A5ygsZEnAE
We’d like to announce the public beta launch of the @MetaMask SDK: a set of simple, reliable, and secure tools that make it easier to connect your dapp to a 🦊 wallet no matter the platform or environment. https://t.co/A5ygsZEnAE
Looking to the stars: The Luna Foundation is wishing upon a star that their new plan to revive the network is taken seriously.
Luna developers have put in place a 4 year plan to revive the ecosystem dubbed the ‘Terra Expedition’, with developer incentivization at the core of the proposal. If the community votes in favor, the incentivization program will be managed by an elected committee and have 20m LUNA tokens available for developers.
It might not be all that easy to convince the market. While the incentive program is pretty attractive, developers would be taking a risk creating their platform on a network which has collapsed in the past. The tokens of both Luna Classic and the original Luna have
been trending downwards the last few weeks despite getting a rush of attention in September.
The worst is still not over for Luna’s founder, Do Kwon. Aside from his entire project collapsing in a multi-billion dollar disaster, South Korean authorities have nullified his passport and Interpol has issued a red notice for his arrest. If unsuccessful, the revival plan could end up just digging him a deeper hole.
Source: TradingView.
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Luna developers have put in place a 4 year plan to revive the ecosystem dubbed the ‘Terra Expedition’, with developer incentivization at the core of the proposal. If the community votes in favor, the incentivization program will be managed by an elected committee and have 20m LUNA tokens available for developers.
It might not be all that easy to convince the market. While the incentive program is pretty attractive, developers would be taking a risk creating their platform on a network which has collapsed in the past. The tokens of both Luna Classic and the original Luna have
been trending downwards the last few weeks despite getting a rush of attention in September.
The worst is still not over for Luna’s founder, Do Kwon. Aside from his entire project collapsing in a multi-billion dollar disaster, South Korean authorities have nullified his passport and Interpol has issued a red notice for his arrest. If unsuccessful, the revival plan could end up just digging him a deeper hole.
Source: TradingView.
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Fidelity will allow institutions to buy, sell, and trade Ethereum on its crypto platform starting Oct 28.
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📍 Follow @Coins for the hottest news in crypto.
Reddit now has more NFT wallets than OpenSea.
The Polygon integration for Reddit collectibles has routed to over 3 million Reddit Vault wallets.
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The Polygon integration for Reddit collectibles has routed to over 3 million Reddit Vault wallets.
📍 Follow @Coins for the hottest news in crypto.
Binance.US announced the appointment of former Federal Bureau of Investigation agent, BJ Kang, as the company’s first Head of Investigations.
https://blog.binance.us/former-fbi-joins-binance-us/
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https://blog.binance.us/former-fbi-joins-binance-us/
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USDC adoption is lagging outside of the United States.
Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption.
https://cointelegraph.com/news/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase
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Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption.
https://cointelegraph.com/news/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase
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Cointelegraph
USDC adoption is lagging outside of the United States: Coinbase
According to Coinbase, USDC has seen “conservative” adoption outside the US and the exchange is building more on-ramps for users to access the U.S. dollar-pegged cryptocurrency.
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The Lord of the Rings Web3 Movie Experience is the first in an anticipated series of Web3 movie offerings from Warner Bros.
The Lord of the Rings: The Fellowship of the Ring will be out on Oct.21
Warner Bros and Eluvio are minting 999 Lord of the Rings NFTs.
Here's how you can participate: https://www.cryptopolitan.com/lord-of-the-rings-nfts-coming-to-web3-market/
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The Lord of the Rings: The Fellowship of the Ring will be out on Oct.21
Warner Bros and Eluvio are minting 999 Lord of the Rings NFTs.
Here's how you can participate: https://www.cryptopolitan.com/lord-of-the-rings-nfts-coming-to-web3-market/
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Cryptopolitan
News | Cryptopolitan
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Telegram is soon to launch a username auction platform on The Open Network (TON) blockchain.
The development phase is almost over, and the auction platform will be launched soon. Make sure you don't miss your chance to acquire the most valuable usernames and secure your ownership of them in the TON blockchain’s immutable ledger.
https://t.me/s/username
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The development phase is almost over, and the auction platform will be launched soon. Make sure you don't miss your chance to acquire the most valuable usernames and secure your ownership of them in the TON blockchain’s immutable ledger.
https://t.me/s/username
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Housing NFTs: An NFT representing ownership of a house located in South Carolina was sold for $175K last week.
Fractional real estate ownership is a very interesting concept that opens the door for smaller investors to participate in the market. However, regulatory clarity is needed to address situations like wallet exploits.
Crypto is the extension of the financialization of everything. From that perspective, integrating real estate with crypto makes sense. But real estate NFTs are probably overhyped in the short to medium term.
Just because smaller investors can participate and increase liquidity doesn’t mean that they will. However, in the long term, tokenized properties could be bundled to create a tokenized fund that focuses on a specific geographic region, thus providing another investment vehicle to users.
📍 Follow @Coins for the hottest news in crypto.
Fractional real estate ownership is a very interesting concept that opens the door for smaller investors to participate in the market. However, regulatory clarity is needed to address situations like wallet exploits.
Crypto is the extension of the financialization of everything. From that perspective, integrating real estate with crypto makes sense. But real estate NFTs are probably overhyped in the short to medium term.
Just because smaller investors can participate and increase liquidity doesn’t mean that they will. However, in the long term, tokenized properties could be bundled to create a tokenized fund that focuses on a specific geographic region, thus providing another investment vehicle to users.
📍 Follow @Coins for the hottest news in crypto.
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BNB chain leading Daily Active Addresses across all L1s.
BNB chain has:
2.2X more active addresses than Ethereum.
18X more active addresses than Arbitruim and Avalnche.
33X more active addresses than Optimism.
📍 Follow @Coins for the hottest news in crypto.
BNB chain has:
2.2X more active addresses than Ethereum.
18X more active addresses than Arbitruim and Avalnche.
33X more active addresses than Optimism.
📍 Follow @Coins for the hottest news in crypto.
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FTX's SBF tweets about users who lost funds to API hack, agrees to compensate victims:
But this once, we'll do it; roughly $6m total.
(To be clear, only for FTX accounts! Hopefully other exchanges will comp theirs.)
BUT AGAIN NOT A PRECEDENT, WE WILL NOT GOING FORWARD.
https://twitter.com/SBF_FTX/status/1584304075323367426
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But this once, we'll do it; roughly $6m total.
(To be clear, only for FTX accounts! Hopefully other exchanges will comp theirs.)
BUT AGAIN NOT A PRECEDENT, WE WILL NOT GOING FORWARD.
https://twitter.com/SBF_FTX/status/1584304075323367426
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Block builds a Bitcoin mining hardware team:
Jack Dorsey's Block, formerly known as Square, is looking to fill the ranks of its bitcoin mining and wallet hardware teams.
⛏ Block wants to hire a "test hub lead" for mining hardware and software applications.
The move isn't surprising; Dorsey spoke about creating an 'open' bitcoin mining ecosystem back in January.
The post suggests that Block may create and sell an entire product line of mining hardware, opening up a potential new competitive front.
But as The Block's Catarina Moura has reported, the mining ASIC market isn't exactly healthy these days. As such, Block might take its time before trying to jump into the market with next-gen products.
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Jack Dorsey's Block, formerly known as Square, is looking to fill the ranks of its bitcoin mining and wallet hardware teams.
⛏ Block wants to hire a "test hub lead" for mining hardware and software applications.
The move isn't surprising; Dorsey spoke about creating an 'open' bitcoin mining ecosystem back in January.
The post suggests that Block may create and sell an entire product line of mining hardware, opening up a potential new competitive front.
But as The Block's Catarina Moura has reported, the mining ASIC market isn't exactly healthy these days. As such, Block might take its time before trying to jump into the market with next-gen products.
📍 Follow @Coins for the hottest news in crypto.
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Yesterday UK elected their new Prime Minister, Rishi Sunak.
Did you know he is pro-crypto? Earlier this year, he tweeted
'We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.'
Full tweet: https://twitter.com/RishiSunak/status/1510985313409245184
https://www.cryptopolitan.com/uk-appoints-rishi-sunak-as-prime-minister/
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Did you know he is pro-crypto? Earlier this year, he tweeted
'We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.'
Full tweet: https://twitter.com/RishiSunak/status/1510985313409245184
https://www.cryptopolitan.com/uk-appoints-rishi-sunak-as-prime-minister/
📍 Follow @Coins for the hottest news in crypto.
Twitter
Rishi Sunak
We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK. Today @JohnGlenUK set out how we are going to encourage crypto investment and technology in UK markets. 👇 gov.uk/government/new…
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Rumor: Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
https://twitter.com/wongmjane/status/1584616567530483712
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https://twitter.com/wongmjane/status/1584616567530483712
📍 Follow @Coins for the hottest news in crypto.
L’Oréal, Meta and French business school HEC Paris are joining forces to launch a startup acceleration program dedicated to creativity in the metaverse.
https://www.voguebusiness.com/technology/loreal-and-meta-launch-metaverse-startup-accelerator
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https://www.voguebusiness.com/technology/loreal-and-meta-launch-metaverse-startup-accelerator
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Vogue Business
L’Oréal and Meta launch metaverse startup accelerator
The programme, which will support creative startups in fields such as augmented reality and avatar creation, signals L’Oréal’s commitment to carving out a competitive edge in Web3.
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Short Liquidations on the highest level in 15 months:
As the title already suggest, there was some volatility today on Bitcoin.
Around the opening time of US Stock Market short positions started to roll over. An aggregated amount of $320 million have been liquidations in the hours after. This is the highest amount for months, making it an important trading day.
📍 Follow @Coins for the hottest news in crypto.
As the title already suggest, there was some volatility today on Bitcoin.
Around the opening time of US Stock Market short positions started to roll over. An aggregated amount of $320 million have been liquidations in the hours after. This is the highest amount for months, making it an important trading day.
📍 Follow @Coins for the hottest news in crypto.