Skyward finance exploit allegedly results in $3M loss The hacker appears to have drained the platform of 1.1 million NEAR tokens, worth approximately $3 million at time of publication.Nov 2, 2022Judith BannermanQuist
Switzerland’s financial regulator extends reporting requirements for crypto transactionsFINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.Nov 2, 2022Turner Wright
‘Great cryptocurrencies have to go through several collapses’ — Cardano founderAccording to Charles Hoskinson, projects that have survived both bull and bear markets over the years were “resilient under an adversarial load” — and many DeFi protocols weren’t.Nov 2, 2022Turner Wright
Bankman-Fried misguides regulators by directing them away from centralized financeFTX CEO Sam Bankman-Fried proposed a blueprint for regulators to look into decentralized finance — with nary a word about centralized exchanges like his own.Nov 2, 2022Sameep Singhania
Unstoppable Domains launches Web3 alliance and seeks self-regulating boardsThe cross-chain coalition includes Bonfida, Tezos Domains, Polkadot Name System, Hedera, Syscoin, and Klaytn Name Service.Nov 2, 2022Ana Paula Pereira
Three crypto ETFs to be delisted in Australia as crypto winter continues Two of the funds just received green lights for trading in the country in May, following regulatory approval.Nov 2, 2022Ana Paula Pereira
New ‘crypto token regime’ instituted at the Dubai International Financial CentreThe emirate’s free trade zone has its own legal system and courts. Now its crypto regulations have been augmented and extended to all tokens recognized in the zone.Nov 2, 2022Derek Andersen
Bitcoin mining firm Bitdeer could delay public offering till 2023An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023.Nov 2, 2022Turner Wright
Steph Curry files trademark for the Curryverse: Nifty Newsletter, Oct. 26–Nov. 1The MyNFT marketplace’s new NFT vending machine aims to make digital art more accessible at a London in-person event.Nov 2, 2022Savannah Fortis
CZ explains why it's so important to be building during the bear market The crypto executive cites lower labor and business acquisition costs as key factors.Nov 2, 2022Zhiyuan Sun
Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hikeThe Fed acted as expected, with comments from Chair Jerome Powell still to come as BTC/USD wakes up.Nov 2, 2022William Suberg
Crypto executives discuss the emergence of Web3 tech hubs around the worldWhile the San Francisco Bay Area and Miami are the traditional top picks, Singapore — or just about anywhere in the world with stable internet — has also been gaining in popularity.Nov 2, 2022Zhiyuan Sun
Bitcoin bulls aim for a post-FOMC win in Friday’s $640M BTC options expiry FOMC meeting-induced volatility is impacting BTC price, but bulls are still aiming for a win in this week’s $640 million options expiry.Nov 2, 2022Marcel Pechman
SEC chair highlights crypto enforcement cases to legal expertsGary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws.Nov 2, 2022Turner Wright
Bank for International Settlements will test DeFi implementation in forex CBDC markets The centralized financial institution says the automated market making technology in DeFi can serve as a “basis for a new generation of financial infrastructure.”Nov 2, 2022Zhiyuan Sun
We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym.Nov 2, 2022Joe Hall
McDonald’s, pizza and coffee paid in Bitcoin: The Plan B for crypto paymentsCrypto payments are taking off in a big way in Lugano, Switzerland with 60 merchants and counting.Nov 2, 2022Joe Hall
UnionBank of the Philippines launches Bitcoin and Ethereum tradingUnionBank, one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.Nov 2, 2022Helen Partz
‘DeFi will replace institutions entirely,’ says BitGo CEO Mike BelsheMike Belshe, CEO and co-founder of BitGo, explains how decentralized finance will disrupt traditional finance through use cases like automated market makers.Nov 2, 2022Rachel Wolfson
Web Summit Lisbon, Nov. 2: Latest updates from Cointelegraph’s team on the groundBinance CEO CZ talked about some of the latest crypto trends, why crypto is still a stable investment, Binance’s Twitter deal and more.Nov 2, 2022Prashant Jha
Bitcoin price bottom takes shape as ‘old coins’ hit a record 78% of supplyBitcoin’s long-term holders’ NUPL metric has dropped to levels that coincided with market bottoms thrice since November 2011.Nov 2, 2022Yashu Gola
MetaMask rolls out NFT portfolio value tracker with new partnership Through a recent partnership with NFTBank, a new MetaMask wallet utility will allow users to track the value of their NFT collections.Nov 2, 2022Savannah Fortis
New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’Only once before has BTC been such good value versus hash rate — and that was long before even the 2017 all-time high.Nov 2, 2022William Suberg
Huobi Global reportedly plans relocation to the CaribbeanThe company may relocate up to 200 employees from Seychelles to one of the Caribbean jurisdictions.Nov 2, 2022David Attlee
BNB Chain DeFi ecosystem recovers almost one-third in three monthsOn the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery.Nov 2, 2022Arijit Sarkar
Deribit crypto exchange halts withdrawals amid $28M hot wallet hackCrypto exchange Deribit halted withdrawals following a hot wallet hack where hackers got away with $28 million in stolen funds.Nov 2, 2022Helen Partz
Judge orders probe to investigate whether Celsius was a PonziThe Federal judge overseeing the Celsius case has asked for an investigation to look into whether the firm acted like a Ponzi scheme.Nov 2, 2022Luke Huigsloot
Stablecoin issuers Circle and Paxos gain approvals in SingaporeThe approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.Nov 2, 2022Brayden Lindrea
Nifty News: NFT marketplace says no to opt-in royalties, Visa jumps on World Cup NFTs and more A new NFT marketplace is giving a hard pass to optional royalties, bucking the trend and NFTs are getting a new home on Ripple’s XRPL.Nov 2, 2022Felix Ng
Record hash rates may see Big Oil become a major BTC mining player Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies.Nov 2, 2022Martin Young