While unlikely, Bloomberg’s ETF analysts conceded there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications.
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Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder of the now-collapsed Terra ecosystem, maintains he and his firm did not skirt U.S. securities laws.
Crypto funds see largest weekly inflows in more than a year: CoinShares
Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares.
SBF claims innocence, contradicts other witnesses: Law Decoded
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.
Terraform co-founder Shin blames protocol for collapse during trial in S. Korea
Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.
Biden administration issues executive order for new AI safety standards
Biden’s executive order establishes six new standards for AI safety and security and its intentions for ethical AI usage within the government.
Terrorist fundraising: Is crypto really to blame?
The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.
UK publishes plans for stablecoins regulation
Non-fiat-backed stablecoins will not be allowed into regulated payment chains.
G7 countries to launch AI code of conduct: Report
The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology.
Singapore plans joint crypto pilots with Japan, Switzerland and UK
Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.
Kraken will share data of 42,000 users with IRS
The information will be sent to the Internal Revenue Service in early November.
Thailand’s KBank acquires crypto exchange business Satang
Thailand’s second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto exchange Satang.
3 unique ways hackers are stealing your crypto: Bitrace Report
Crypto investors claiming “my coins disappeared suddenly” have been found to recently download crypto applications from unverified sources.
Standard Chartered-owned crypto platform Zodia launches in Hong Kong
Demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, Zodia CEO said.
Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler
During a panel at the 2019 MIT Bitcoin Expo, Gensler called out the securities regulator for its “inconsistent” approach to spot Bitcoin ETF approvals.
UK risks regulating NFTs the wrong way, says Mintable CEO
“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming.
Ripple CEO criticizes former SEC Chair Jay Clayton’s comments
Clayton emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.
SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28
Sam Bankman-Fried testifies in court, searches for ‘buy Bitcoin’ surge, and Gemini sues Genesis over collateral.
Ripple exec and XRP community back SEC commissioner’s LBRY lawsuit dissent
Stuart Alderoty thanked Hester Peirce and suggested it might be time to submit an amicus brief.
Hester Peirce speaks out against LBRY enforcement action: ‘The market could have decided’
The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations.