Regulation
The new sanctions applied to Buy Cash Money and Money Transfer Company for allegedly facilitating fundraising for the terrorist group.
On Nov. 1, the European Central Bank will start a two-year process of finalizing a rulebook and preparing infrastructure for the potential central bank digital currency (CBDC).
DeFi
The Fantom Foundation confirmed that it lost $550,000 in a hack that targeted Fantom wallets.
Ethereum
The team behind the project confirmed the Mainnet launch, although blockchain data shows it has been live since Oct. 8.
After a cross-examination that seemed to make headway, the prosecution batted away doubts about Nishad Singh. Plus, Sam Bankman-Fried’s cell phone revealed connections to high-powered politicians in New York.
Business
The decision to phase out the blockchain-based rewards program has led to a sharp decline in token values and ignited strong reactions from the Reddit community.
Federal Reserve Governor Michelle Bowman sees more risks than rewards in potentially issuing a U.S. central bank digital currency.
Dollar deposits on the crypto exchange are also no longer insured by the FDIC, according to the updated terms of use.
The FTX bankruptcy estate announced a major milestone in their efforts to reimburse creditors of FTX.com and FTX.US as early as the second quarter of 2024.
The entity behind the decentralized exchange plans to charge a flat fee on a limited set of tokens to “sustainably fund operations.”
