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.
September 29, 2022, 7:15 PM
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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.
September 29, 2022, 1:41 PM
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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.
September 28, 2022, 1:18 PM
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Sep 27, 2022
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.
Sep 26, 2022
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”.
Sep 23, 2022
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.
Sep 22, 2022
Opera’s Crypto Browser to Integrate Elrond Blockchain
- 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.
Sep 21, 2022
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.
Sep 21, 2022
OpenSea to Launch Support for Arbitrum
- The NFT marketplace revealed that creators will be able to set the fees for selling NFTs on Arbitrum starting Wednesday.
- OpenSea recently launched a new “immersive” drop experience, called SeaDrop, which provides NFT creators with customizable drop pages.