Crypto
Regulation
UK’s Financial Conduct Authority says crypto firms are failing to satisfy new promotional rules
The regulator identified three common shortcomings among crypto firms and has issued over 200 alerts for noncompliance.
ETF
Grayscale ETF ruling comes into effect; Bitcoin experiences 7.6% daily gains
GBTC, the subject of the ruling, gained nearly 6% over 24 hours.
Wallets
Ledger launches controversial Recover service
The feature is optional, but it has still been a point of contention for users concerned about potential government access.
Bankruptcy
BlockFi emerges from bankruptcy; will pay loan and interest users in early 2024
BlockFi initially halted withdrawals and filed for bankruptcy in November 2022.
ETF
BlackRock could ‘seed’ spot Bitcoin ETF by the end of October, filing suggests
The asset manager is expected to contribute an unknown amount of funding to the ETF.
AI
Apple dramatically ramps up AI efforts with $1B annual budget
The company's earlier public-facing AI efforts have been limited, which has reportedly induced anxiety among its executives.
ETF
SEC’s Hester Peirce reflects on investor interest in spot Bitcoin ETFs
The crypto-friendly commissioner has been in favor of such a investment product for years and commented on 'widening interest' among lawmakers to address crypto concerns.
Hacks
Exchanges freeze $2M in crypto stolen from Atomic Wallet in June
The intercepted amount is just a fraction the $100 million originally stolen.
Crime
FBI charges six individuals in multimillion-dollar Bitcoin money-laundering scheme
The defendants allegedly worked to surreptitiously convert Bitcoin to cash and orchestrate drop-offs for clients.
Exchanges
Binance to discontinue European Visa cards after three years
Support for the payment cards will be terminated on Dec. 20, 2023.
Regulation
SEC drops charges against Ripple executives
Ripple's Brad Garlinghouse and Chris Larsen no longer face charges. However, Ripple and the SEC must settle on remedies for institutional XRP sale violations.
AI
Universal Music Group sues Anthropic for IP infringement
UMG alleged that Anthropic's AI could output "original" music and lyrics that were almost direct copies of protected songs.