The Comissão de Valores Mobiliários (CVM) of Brazil is planning to start a second regulatory sandbox program in 2024. Speaking at Rio Innovation Week on Oct. 4, the superintendent of institutional investor supervision with the CVM, Daniel Maeda, said the regulator will be exploring a regulatory sandbox for use cases […]

China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform. According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform […]

The Trial’s Opening Week Sam Bankman-Fried (SBF), the former CEO of the now-defunct crypto exchange FTX, is currently facing a criminal trial that began on October 3. Gary Wang, the co-founder of FTX and the prosecution’s key witness, testified for approximately six hours. He stated under oath that SBF directed […]

The second week of the Sam “SBF” Bankman-Fried FTX fraud trial will commence its hearings again on Monday, Oct. 9, with one of the main focal points anticipated to be testimony from Caroline Ellison. Ellison, the former romantic partner of SBF’s and CEO of FTX-tied Alameda Research, is set to […]

Ethereum Foundation sells 1,700 ETH for USDC on Uniswap, highlighting the growing importance of stablecoins. Ethereum Foundation now holds a mix of assets, including ETH, USDC, DAI, and ARB, worth around $3.687 million. Analysts speculate that the Ethereum Foundation’s move to accumulate more USDC is a sign of confidence in […]

Ray Dalio, the founder of Bridgewater Associates, spoke with David Westin, the anchor of Bloomberg Television’s “Bloomberg Wall Street Week,” at the Greenwich Economic Forum’s annual conference held on 3-4 October 2023. The 74-year-old American, whose net worth is estimated to be around $15.4 billion (as of 9 October 2023), created the […]

United States prosecutors have requested the court presiding over Sam Bankman-Fried’s trial to bar his legal team from making any arguments relating to the potential recovery of FTX customer assets invested in Anthropic. Bankman-Fried invested $500 million in the artificial intelligence startup in April 2022; however, the U.S. government is […]

Upbit faced 159,000 hacking attempts in the first half of 2023, a 117% increase from the previous year. Upbit has taken steps to improve security, but cryptocurrency exchanges remain a prime target for hackers. A South Korean representative has urged the government to take action and collaborate with exchanges to […]

Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom. The Financial Conduct Authority (FCA) of the U.K. enacted the country’s new Financial Promotions (FinProm) Regime on Oct. 8 for cryptocurrency firms, aiming to ensure fair, […]