Banking
BNY Mellon receives New York approval for crypto custodial services
BNY Mellon clients would be able to store the keys to their assets with the bank.
Oluwapelumi Adejumo 2 min read
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Exchanges
Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
As of press time, COIN shares were up 6% following the announcement of Google's intention to use Coinbase Prime to hold its crypto.
Crypto
CryptoSlate Wrapped Daily: EU readying regulations on DeFi; Bitcoin mining difficulty reaches new ATH
BitBoy Crypto alleges former SEC director accepted bribes to declare Ethereum a commodity, investors pile on bonds as the interest in crypto fades, and much more in this edition of CryptoSlate Wrapped Daily.
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Macro
Excitement for crypto fades as investors pile into bonds
The ten-year treasury chart showed that yield grew to 3.89% within the past year, while the top two digital assets shed over 60% of their values.
Adoption
Crypto community says new PayPal policy would drive crypto adoption
PayPal was forced to backtrack the decision after it drew the ire of its users and major stakeholders, including Elon Musk.
Crime
US DOJ charges man for using BTC to launder $5.4M in drug trafficking money
Khuu received Bitcoin as payment from selling counterfeit drugs and controlled substances on the dark web market.
Macro
Bitcoin sinks as US payroll data shows 263K new jobs added in September
Bitcoin sell off occurs in reaction to news the red hot U.S. labour has continued on into September.
Bankruptcy
Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes
Crypto Twitter has exploded with anger over Celsius users being "doxed" by the platform. However, the release of personal information was down to bankruptcy law rather than malicious intent.
Mining
Marathon Digital invested over $30 million in bankrupt Compute North
Marathon holds 10,670 BTC, which is valued at roughly $207.3 million.
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Trading
Tuttle Capital files Inverse ETFs to trade against Jim Cramer’s recommendations
Culture
Calls mount for Louisiana state to buy Bitcoin following BlackRock divestment
Regulation
SEC staff reportedly unhappy with Gensler over Kim Kardashian ‘publicity stunt’
People