Saturday, October 1, 2022
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Regulators Object to Celsius’ Stablecoin Sale Request
  • The Department of Banking and State Securities Board of Texas, as well as the Vermont Department of Financial Regulation have all objected to Celsius’ plans to sale its stablecoin holdings.
  • All three agencies noted the company had failed to provide sufficient details about what it would do with the proceeds from the sale.
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SWIFT Partners With Chainlink on Cross-Chain Project
  • The proof-of-concept project will see SWIFT use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect to most blockchain environments.
  • CCIP will allow the interbank messaging system to instruct on-chain token transfers, further accelerating the adoption of blockchain technology.
Terraform Labs Calls Do Kwon’s Arrest Warrant an Overreach
  • Terraform Labs’ spokesperson said the case against Do Kwon has become “highly politicized”, and that Korean prosecutors had failed to uphold basic rights under the law.
  • The spokesperson also claimed that Terra’s Luna Classic (LUNC) token “is not, and has never been, a security”, and that prosecutors had expanded the definition of a security after it had collapsed.
Crypto.com Receives Regulatory Approval in France
  • Crypto.com was registered as a Digital Asset Service Provider, which is mandatory for any company that provides crypto custody or trading services in France.
  • In order to receive regulatory approval, Crypto.com was subject to rigorous review of its processes, particularly around AML and CFT.
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Galaxy Digital to Provide Crypto Price Data Through Chainlink
  • Partnering with Chainlink will allow Galaxy Digital to distribute its crypto pricing data to various blockchains, and help developers build better applications.
  • The company noted that its high-quality pricing data will play a valuable role in “unlocking exciting new use cases and driving innovation across the DeFi ecosystem.
FTX US Wins Bid for Voyager’s Assets
  • The deal was valued at $1.4 billion, with $1.3 billion representing the fair market value of Voyager’s crypto holdings, and an additional consideration of $111 million.
  • While the terms of the deal are yet to be revealed, the proposal will be submitted for approval in front of the U.S. Bankruptcy Court on 19 October.
Sam Bankman-Fried, co-founder and CEO of FTX

Sam Bankman-Fried, CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance

Australia to Completed CBDC Pilot in Q1 2023
  • The Reserve Bank of Australia is looking for industry participants to make submissions of CBDC use cases it can test during its eAUD pilot.
  • Selected use cases will be announced in December, while the actual CBDC pilot will start in January and end in April, with its results being published in the “middle of 2023”.
Sydney Opera

The famous Sydney Opera House at sunset, Sydney, Australia, 15 November 2016. Taras Vyshnya/Shutterstock

Interpol Reportedly Issued “Red Notice” for Terra’s Do Kwon
  • Bloomberg cited a text message from South Korean prosecutors, who claimed Interpol has requested law enforcement agencies worldwide “locate and provisionally arrest” Do Kwon.
  • The co-founder of Terraform Labs had previously claimed he was not “on the run”, but his location remains unknown after authorities confirmed he was not in Singapore.
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Cardano’s Vasil Upgrade Deployed After Months of Delays
  • The long awaited Vasil upgrade had finally been activated, enabling increased network capacity, higher throughput, and lower transaction costs on Cardano.
  • The upgrade gas also made significant improvements to the Plutus smart contract language, though its full capabilities will be unlocked on 27 September.
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Galaxy Digital to Provide Crypto Price Data Through Chainlink
  • The more than 300 million users of the Opera web browser will soon have direct access to Elrond’s rich ecosystem of dApps and popular web3 services.
  • While Opera’s crypto-focused browser was released back in January, it has already added support for multiple blockchains, including Ethereum, Bitcoin, Solana, Polygon, and more.
Tether Ordered to Provide Documents Connected to USDT Backing
  • The stablecoin issuer was order to produce a number of financial documents, as well as records of crypto trades, transfers, and its accounts with crypto exchanges.
  • The order was made as part of a case that was started in 2019 by a group of investors, who alleged the company had manipulated the crypto market in 2017.
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Editors' Picks
White House Publishes Framework for Digital Assets Development
  • The White House published a fact sheet which summarized the reports from 9 federal agencies used to develop its framework and policies for digital assets.
  • The reports not only called for more regulatory guidance for crypto companies, but also emphasized the importance of a potential U.S. Central Bank Digital Currency.
President-elect Joe Biden

President-elect Joe Biden discusses the Affordable Care Act and his health care plans in Wilmington, 16 November 2020. Shutterstock

The Merge is Finalized, Ethereum Switches to Proof-of-Stake
  • Ethereum’s PoS upgrade, also known as the Merge, was executed at 06:44 AM UTC on 15 September, combining the existing blockchain with the parallel Beacon Chain.
  • The move has reduced Ethereum’s energy consumption by more than 99%, which is equal to 0.2% of the global electricity consumption.
Ethereum Founder and Inventor Vitalik Buterin

Ethereum founder and Vitalik Buterin during TechCrunch Disrupt SF, San Francisco, California, September 18, 2017.
Steve Jennings/Getty Images for TechCrunch

Arrest Warrant for Terra’s Do Kwon Issued by Seoul Court
  • South Korean authorities have issued an arrest warrant for Terra co-founder Do Kwon and five other individuals, alleging they had violated the Capital Markets Act.
  • The news quickly affected Terra’s re-launched LUNA token, which saw its price fall down by 28% in the past 24 hours.
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Guides
4 Common Password Misconceptions
  • Passwords have become a part of our daily life, protecting our most sensitive data, and we have to make sure they are as secure as possible.
  • There are many ways a password can become compromised, as such it remains important that we become aware of some of the most common password myths.
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How to Find The Best DeFi Pools For Your Assets
  • Investment opportunities in defi are innumerous, but finding the best hasn’t been an easy task thus far.
  • Yield Samurai is a decentralized finance data aggregator that helps investors find the highest-yielding pools in a few clicks.
How to Explore Historical DeFi Data
  • Yield Samurai is a decentralized finance historical data aggregator.
  • It allows people to explore pool prospects on different platforms and apps to find the best place to earn interest on cryptoassets.
Impermanent Loss Explained With Examples & Math
  • Learn what impermanent loss is, how it manifests, and how to calculate it.
  • We use several examples and formulae for both standard and complex AMM-based pools to examine, explain, and plot impermanent loss.
How to Leverage Yield Farming on Alpha Homora – The Simple Guide
  • Learn how Alpha Homora works, how to open a leveraged position and earn more with the same amount of assets, and how to manage your positions.
  • We also explain how to choose a pool to leverage, the rules of leveraging on the platform, and how to calculate possible scenarios.
Opinion
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