UK crypto scams surge 23% 🇬🇧, Telegram launches Wallet crypto bot💡, Binance to end Russian ruble deposits 🇷🇺
Daily Crypto, Blockchain & Web3 Update 2023-11-10
CRYPTOCURRENCY
UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank (2 min read)
According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam.
Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya (4 min read)
Wallet, a third-party Telegram bot allowing users to buy and sell crypto, is now available in the Telegram settings menu for users in Colombia, South Africa and Kenya, alongside a few other countries in Africa and Latin America.
Binance to terminate Russian ruble deposits next week (2 min read)
Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.
Ethereum, Bitcoin users reignite scalability debate as gas fees surge (6 min read)
A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s.
QUICK LINKS
Institute for blockchain and crypto research opens in France (2 min read)
On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris.
CME overtakes Binance to grab largest share of Bitcoin futures open interest (4 min read)
Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives marketplace heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.
Crypto charities can exploit ‘gambler’s fallacy’ to reap larger donations — Study (3 min read)
A team of academic researchers from the United States recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market.
JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin (3 min read)
Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.
Poloniex exchange suffers $100M exploit, offers 5% bounty (3 min read)
A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe company breached, $100 million in crypto drained.
China declares stealing digital collections like NFTs liable for criminal theft sentence (3 min read)
The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.
Financial Supervisory Commission of Taiwan awards first securitized token license (2 min read)
Taiwan’s financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country’s first security token offering (STO) license to Cathay Securities.
SafeMoon CEO bail release goes on hold after Feds cite flight risk (2 min read)
United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.
Lightspeed Faction launches $285M startup fund for crypto projects (2 min read)
Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.
Microsoft enters $100M partnership with Canadian firm after quantum breakthrough (2 min read)
Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, which will co-develop quantum networking solutions with the startup.
47 countries pledge to authorize the crypto-asset reporting framework by 2027 (2 min read)
Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10.
Turkish lira becomes top crypto trading pair on Binance in Sept. 2023 (2 min read)
The Turkish lira became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research.
EU backs Data Act with clause to shut off smart contracts (2 min read)
The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated.
Roblox CEO 'dreams' of in-game cross-platform NFTs and digital objects (3 min read)
The frontman of the popular virtual universe game Roblox, David Baszucki, has said he ‘dreams’ of having the ability to move nonfungible tokens (NFTs) and digital objects across multiple platforms.