Crime
Parachains
Cosmos, Osmosis to deploy patch on all major public IBC chains to fix potential exploit
Cosmos co-founder Ethan Buchman announced that a patch will be deployed on all IBC-enabled chains by on Oct. 14, 14:00 UTC as a preventative measure against a potential exploit.
Crime
French cyber-crime authority leverages ZachXBT’s research to apprehend NFT scammers
ZachXBT's investigation into a criminal group who allegedly stole $2.5M worth of NFTs helped French authorities identify and arrest its members.
Scams
CNN’s NFT marketplace shutdown sparks rug pull accusations
Vault By CNN's unprecedented shutdown has done away with thousands of investors' NFT holdings and utilities promised for the future.
Scams
Brazil police, US authorities bust transnational crypto fraud ring led by ‘Bitcoin Sheikh’
Brazil's Federal Police busted the "Bitcoin Sheikh" for defrauding thousands of people worldwide and laundering $766 million illicit crypto funds.
Adoption
Japan to invest in metaverse, NFTs to drive implementation of Web3 services
Japan's Prime Minister Fumio Kishida has made Web3 development one of the pillars of economic revitalization since assuming office in 2021.
Crime
Mastercard launches new product to help banks combat crypto-related crime
Mastercard launched new software "Crypto Secure", powered by CipherTrace to help banks and card issuers to identify and block fradulent transactions via crypto exchanges.
Investments
Lark Davis denies ZachXBT’s accusations of profiteering from his followers by shilling low-cap tokens
Crypto influencer Lark Davis said he did "nothing wrong" when ZachXBT called him out for shilling token projects backed by evidences of his wallet transactions, which showed he receieved money from promoting the projects.
Adoption
Sweden’s central bank tests CBDC for retail and international remittance payments
Sweden's Riksbank teamed up with BIS, along with the central banks of Israel and Norway to test the use of Sweden's CBDC "e-krona", results will be published in a report by the first quarter of 2023.
CBDCs
BIS concludes CBDC pilot with cross-border payments totalling $22M transacted
The Bank for International Settlements (BIS) advisor announced the successful completion of a CBDC project involving multiple Asian central banks and a detailed report to follow this October.
Bankruptcy
FTX wins bid to acquire bankrupt Voyager’s assets
FTX will acquire bankrupt Voyager's digital assets and enable Voyager's customers to resume trading and store their crypto holdings on the FTX platform after the conclusion of Voyager's bankruptcy process.
Banking
Former IMF official believes CBDCs need to function offline to gain mass adoption
A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.
Regulation
India considering GST on crypto transactions amid evaluation of sector’s legality
The Indian government is working on levying an 18% to 28% GST tax on crypto as they work on determining the asset's legal status in the country.