Reddit Users Open 2.5 Million Crypto Wallets After Launch of NFT Marketplace
Among the total 3 million users that have opened Reddit Vault Wallets, 2.5 million have occurred since its NFT marketplace opened in July. Source
Read More
Crypto
Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round
"We had a signed subscription doc in-hand, and their [limited partners] were blue chip firms that have impeccable reputations in the business," she wrote in the letter dated Oct. 7. "In the months that have since passed, though, those LPs backed out and the investor was unable to meet its
Read More
Fidelity’s Crypto Platform to Add Ethereum Trading For Institutional Clients
The move is the latest step towards making crypto available to institutional clients by Fidelity, the parent company of Fidelity Digital Assets. Earlier this month, the giant asset management firm said it started a new Ethereum Index Fund for accredited investors, after raising about $5 million since sales started on
Read More
Crypto Predictions Site Polymarket Taking Bets on Whether Russia Will Use a Nuclear Weapon by 2023
Polymarket detailed that “this market will resolve to ‘Yes’ if the Russian Federation detonates a nuclear device in an offensive capacity by Dec. 31, 2022, 11:59:59 p.m. ET. Otherwise, this market will resolve to ‘No.’” It added that to meet the “Yes” criteria, the detonation of a nuclear device must
Read More
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as “Lana Neumann”), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers and obtaining technology used in the U.S. F-22, an air superiority fighter. The defendants allegedly used shell companies and cryptocurrencies to launder
Read More
How Crypto Advocates Are Defending Ooki DAO
The Commodity Futures Trading Commission (CFTC) had what looked like an easy case against Ooki DAO. The allegations weren’t really in dispute and the decentralized autonomous organization itself didn’t seem able to put together a response in time for a court-mandated deadline. However, a near-last-minute intervention has breathed new life
Read More
There were vast discrepancies in crypto markets during Q3: Report
According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2.While in the past,
Read More
Crypto hacks are set to hit all-time highs in 2022, analyst explains
Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis. As pointed out by the firm, this year could outpace 2021 in terms of crypto stolen through hacks. The vast majority of
Read More
Japanese Crypto Self-Regulatory Body to Loosen Token Vetting Process: Report
The measures could take effect as early as December, and would only make it easier for exchanges to list crypto assets that are already known to the Japanese market. By March 2023, the JVCEA could also "scrap pre-screenings" for tokens that are new to the market, according to the report. Source
Read More
South Africa Classifies Crypto Assets as Financial Products
The change, which takes effect immediately and falls under the Financial Advisory and Intermediary Services Act, 2022, comes as countries around the world are moving to regulate cryptocurrencies more strictly, particularly amid the recent volatility in prices and the collapse of several important crypto firms. Original Source
Read More