Crypto
ETF
Valkyrie CIO anticipates spot Bitcoin ETF approval as early as the end of November
Bitwise's chief investment officer, meanwhile, predicted $50 billion in inflows once approval is granted.
Banking
Multiple deposit delays across US banks linked to ACH system error
The problem has been traced to an error in the Automated Clearing House's private sector partner Electronic Payment Network, with work ongoing to correct the issue.
Regulation
US Treasury sanctions Russian national for helping oligarchs evade sanctions with crypto, cash, and real estate
Ekaterina Zhdanova was tasked by one oligarch with moving over $100 million in crypto from Russia to the UAE.
Adoption
XRP gains approval from Dubai Financial Services Authority
Ripple also announced that it was working with the National Bank of Georgia on a digital currency as it grows its international presence.
Staking
Coinbase suspends staking services in Maryland
The company previously imposed restrictions on users in four other U.S. states.
Analysis
MicroStrategy’s Michael Saylor cites spot Bitcoin ETF applications, upcoming halving as bullish signals
Saylor said that Bitcoin can grow ten times over if big banks and Wall Street become involved.
Adoption
MicroStrategy bought $167M worth of Bitcoin in Q3 2023, holds over $4B total
The firm bought $5.3M worth of Bitcoin in October alone.
Crypto
Bitcoin arrives on Cosmos with Nomic nBTC upgrade
The bridged token allows users to use a Bitcoin equivalent on various Cosmos apps.
Gaming
Solana Labs unveils GameShift, a web3 suite for game developers
GameShift is intended to enable a Web 2.0-friendly experience while minimizing blockchain complexities on the front end.
Crime
SafeMoon and executives charged by SEC, DOJ in alleged $200M fraud
CEO John Karony and two others are accused of stealing millions in funds from project pools and spending it on luxury homes, cars and travel.
Regulation
SEC missed a step with its crypto safeguarding rule, U.S. government watchdog says
The accountability office said the securities agency failed to submit necessary reports.
Legal
Sam Bankman-Fried claims to have overlooked $8B ‘bug’ in last day of testimony
Sam Bankman-Fried took the stand one last time during his criminal fraud trial in New York to deny wrongdoing.