Author: Jesse Coghlan

FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead

CoinTelegraph

Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.” In a statement sent to Read More

CoinList addresses ‘FUD’ on withdrawals, cites technical issues for delays

CoinTelegraph

Cryptocurrency exchange and Initial Coin Offering (ICO) platform CoinList took to Twitter to address “FUD” after a blogger tweeted that users reported being unable to withdraw funds for over a week, sparking fears the company was having liquidity issues or Read More

ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched

CoinTelegraph

United States-based ApeCoin (APE) holders could miss out on staking rewards after the U.S. was added to a list of regions geo-blocked from using an upcoming APE staking service. Blockchain infrastructure company Horizen Labs, which is building the site on Read More

Grayscale cites security concerns for withholding on-chain proof of reserves

CoinTelegraph

Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.” In a Nov. 18 Twitter thread addressing investor concerns, Grayscale Read More

Canada to examine crypto, stablecoins, and CBDCs in new budget

CoinTelegraph

The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Read More

Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

CoinTelegraph

The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum (ETH) layer 2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer.  The pair first partnered in February to Read More

5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech

CoinTelegraph

The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors. The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Read More

New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges

CoinTelegraph

Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs. The new rules confirm how NFT purchases will be taxed and what they can Read More

Three Aussie crypto funds halted as regulator cites non-compliance

CoinTelegraph

Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinations (TMDs). In a media release dated Oct. 17 local time, the Australian Securities Read More

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

CoinTelegraph

Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy. As the Web3 industry matures, Zero-knowledge Know Your Customer (zkKYC) is becoming more widely discussed as a means to comply with strict Read More

Over 12,000 Brazil companies declare crypto holdings in record high

CoinTelegraph

August figures released by Brazil’s tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded. The number of companies holding cryptocurrency in Brazil has reached new record highs as of August, amid an increased trust in Read More

Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

CoinTelegraph

Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy. The withdrawal was cited by sources from the Financial Times who said Read More