Analysis
Payments
Ripple survey reveals overwhelming support for crypto payments – regulatory uncertainty sole barrier
The survey found that 100% of respondents believe crypto and blockchain can result in benefits like efficiency and cost saving for the payments industry.
CBDCs
Australian central bank launches project to explore CBDC use cases
The Reserve Bank of Australia intends to analyze 14 different CBDC use cases in collaboration with multiple banks and the Digital Finance Cooperative Research Centre.
Adoption
Banks’ direct exposure to crypto less than 1% of total – BIS report
Compared to the end of June 2021, banks' crypto-assets under custody fell 66%, while their prudential exposure to crypto-assets grew 30%.
Crime
Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%
Based on on-chain data, the Arbi rug pullers stole roughly 84 ETH from the project and already moved it to Tornado Cash.
Politics
Former Biden adviser urges development of digital dollar to ‘crowd out’ private crypto
Daleep Singh told the senate banking committee that developing a CBDC is the best way to combat sanction evasion and financial crimes via private crypto.
NFTs
Poop emoji Bitcoin Ordinal sells for $28k – wash trading or legit?
The poop emoji ordinal — which sold for 1.2 BTC — is labeled Inscription #121 and was minted on block 773820.
Bankruptcy
Voyager customers vote in favor of bankruptcy plan
Voyager said 97% of its customers have voted in favor of its bankruptcy plan, which includes selling its assets to Binance.US.
Gaming
Unity launches decentralized technology tools for game developers
The decentralization category on the Unity Asset Page includes 13 verified solutions for game developers that allow different functionality.
Crime
Nishad Singh becomes latest FTX exec to plead guilty
Nishad Singh is FTX former director of engineering and was part of SBF's inner circle.
Adoption
Goldman Sachs ‘hugely supportive’ of exploring further use cases for blockchain tech
Considering the Wall Street giant recently laid off roughly 3200 employees, its interest in hiring blockchain experts lends further weight to the potential of blockchain technology application in traditional banking.
Adoption
Coinbase launches campaign to bolster crypto advocacy in US politics
Crypto 435 intends to build a community of crypto advocates and empower them with tools and resources necessary to influence policy making in the U.S.
Regulation
FATF urges enhanced compliance with virtual asset standards to combat crypto-based crime
The FATF said lack of regulation of virtual assets allows criminal and terrorist financiers to exploit the system for their own needs.