280K Coinbase shares of Korea 🇰🇷, Philippines to sell $179M in bonds 🇵🇭, G2A launches NFT marketplace 🚀
Daily Crypto, Blockchain & Web3 Update 2023-11-16
CRYPTOCURRENCY
South Korea’s pension fund bags 280K Coinbase shares: SEC data (3 min read)
The National Pension Service (NPS) of South Korea, a large public pension fund, purchased around 280,000 shares of cryptocurrency exchange Coinbase in Q3 of 2023. This investment has increased in value by 39% since then.
Philippines to sell $179M in tokenized treasury bonds for the first time (2 min read)
The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.
Game distributor G2A opens gaming-focused NFT marketplace (3 min read)
Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software.
New York financial regulator tightens crypto listing guidance (3 min read)
Guidelines for firms listing and delisting cryptocurrencies in New York have been tightened up to better protect investors, according to the state’s financial regulator.
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Binance to launch Thai exchange in joint venture with local energy giant (3 min read)
Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development.
Turkey mulls addressing licensing and taxation in new crypto rule (2 min read)
Turkey is reportedly considering regulations for its crypto market, focusing on licensing and taxation. The aim is to remove the country from the “grey list” of the Financial Action Task Force (FATF), as Turkey ranks fourth globally in crypto trading.
Layer 2 networks hit $13B TVL, but challenges still remain (5 min read)
L2Beat data shows layer 2s growing due to lower gas fees demand.
Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum (2 min read)
Solana’s SOL has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.
US House Financial Services subcommittee looks for answers on crypto and crime (4 min read)
The US House Subcommittee received education on blockchain technology in a hearing about digital asset illicit activity on Nov. 15.
BlackRock files S-1 form for spot Ether ETF with SEC (1 min read)
BlackRock, the biggest asset manager in the world, submitted an application for a spot Ether exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on November 15th.
46% of crypto lost from exploits is due to traditional Web2 flaws — Immunefi (3 min read)
The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements.
Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws (3 min read)
A recent video from blockchain security firm CertiK has made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs said.
Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins (3 min read)
Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%.
Paxos to issue USD stablecoin in Singapore, wins initial approval (2 min read)
Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.
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