Monday October 17, 2022
◾ India plans to develop standard operating procedures for cryptocurrencies during its G20 presidency. (Cointelegraph)
◾ SEC Chair Gary Gensler believes Congress should give the CFTC more power to police stablecoins. (Reuters)
◾ South Korea will establish a smartphone-based, blockchain-secured digital identification system. (SCMP)
Government & NGO Actions
◾ Senators Kristen Gillibrand (D-NY) and Cynthia Lummis (R-WY) believe at least parts of their signature crypto bill could pass in the next six months. (Theblock)
◾ Fed Governor Christopher Waller warns the introduction of a US CBDC “could harm, rather than help, the US dollar’s standing internationally.” (Twitter)
◾ The Australian Securities and Investments Commission issued an interim stop order to Holon Investments from offering or distributing three crypto funds to retail investors because of non-compliant target market determinations. (ASIC)
◾ The UK’s Financial Conduct Authority appointed Binu Paul as head of the digital assets department. (Businessinsider)
◾ Japanese authorities accused North Korean hacking group Lazarus of conducting cyber-attacks against local crypto-asset companies. (Japannews)
Public Company Releases
◾ Digihost (DGHI) has until April to regain Nasdaq compliance and close above $1.00 for ten consecutive days. (Sec.gov)
◾ BitNile’s (NILE) power system solutions and electric vehicle charging stations subsidiary, Imperalis Holdings (to be Renamed TurnOnGreen), plans to issue 140 million in common stock as a dividend to shareholders. (Businesswire)
◾ Executives at Robinhood (HOOD) and CBOE (CBOE) believe 24/7 equity trading is likely to be available within five years. (Reuters)
Restructuring, Losses and Legal News
◾ Texas state authorities objected to the methodology used by Voyager in determining the fair market value of the bankrupt firm’s digital asset holdings. (Cases.stretto)
Protocols, Applications & Business News
◾ Individuals in last week’s $114 million hack of decentralized crypto exchange Mango Markets have agreed to return all user deposits “with no loss of funds.” (Twitter)
◾ FTX CEO Sam Bankman-Fried backtracked on his promise to donate up to $1 billion to political campaigns through the 2024 cycle calling this “a dumb quote on my part…[with] sloppy and inconsistent” messaging. (Politico)
◾ Coinbase (COIN) CEO Brian Armstrong will sell ≈2% of his Coinbase holdings over the next year to fund scientific research and companies. (Twitter)
◾ Bitcoin gaming and payments company ZEBEDEE released an open source initiative to develop an ecosystem for bitcoin games. (Twitter)
◾ Société Générale received a digital asset service provider license from the French financial market regulator. (Finextra)
◾ Binance is launching a new series of crypto benchmarks designed to enable users to monitor and evaluate the performance of the crypto market for easier research. (Binance)
◾ Ethereum browser wallet MetaMask is integrating with Sardine to provide instant ACH integration. (Consensys)
◾ The World Gold Council wants to develop a blockchain-based database to keep track of every gold bar in the world. (Bloomberg)
Metaverse Briefings & Activations
◾ The Wall Street Journal reported that Meta’s (META) flagship metaverse offering, Horizon Worlds, is falling short of internal performance expectations with only 9% of creator-built world every visited by more than 50 people. (WSJ)
◾ Japanese video game company Konami is hiring to provide new experiences across Web3 and the metaverse. (Konami)
◾ The UFC is partnering with Meta (META) to deliver live and on-demand MMA events in VR in Meta’s Horizon Worlds. (UFC)
Market Data
◾ Over 50% of UK banks allow customers to interact with digital currency exchanges. (Fintechtimes)