Uniswap creates Android wallet 🔥, $2.3B for gaming 🚀, CBDC progress in Shenzhen 💯
Daily Crypto, Blockchain & Web3 Update 2023-10-13
CRYPTOCURRENCY
Uniswap launches Android wallet beta for Google Play (2 min read)
Decentralized crypto exchange Uniswap launched a closed beta Android version of its mobile app on Oct. 12, according to a blog post from the app’s development team. Uniswap has previously only been available on PC and iOS mobile devices.
Blockchain gaming sees $2.3B in investments year-to-date: Report (2 min read)
Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.
Trader swaps 131K stablecoins for $0 during USDR depeg (2 min read)
During the crisis on Oct. 11 involving real-estate-backed U.S. dollar stablecoin Real USD (USDR), a trader appears to have swapped 131,350 USDR for 0 USD Coin, resulting in a complete loss on investment.
Mastercard announces successful wrapped CBDC trial results (2 min read)
Mastercard has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin (wBTC) and wrapped Ether (wETH).
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Madeira announces creation of Bitcoin business hub for innovation (2 min read)
President Miguel Albuquerque of Madeira has announced plans for the creation of a Bitcoin business hub, aiming to drive innovation in the region. The statement was made during a fireside chat with Prince Filip of Serbia on the second day of Bitcoin Amsterdam 2023.
THORswap back online 6 days after halt over detecting FTX funds (3 min read)
Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. According to blockchain analytics firm Elliptic, the anonymous FTX exploiter has used THORSwap to convert ETH to BTC, which is traceable on-chain.
FTX hacker moves $120M amid Sam Bankman-Fried trial: Report (2 min read)
Anonymous hackers of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the trial of FTX founder Sam Bankman-Fried gets underway.
Tether stablecoin firm appoints CTO Paolo Ardoino as CEO (2 min read)
Tether, the issuer of the world’s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus.
The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said.
Google to protect users in AI copyright accusations (3 min read)
Google has announced its commitment to protect users of generative artificial intelligence (AI) systems within its Google Cloud and Workspace platforms in cases where they face allegations of intellectual property infringement.
China sets stricter rules for training generative AI models (3 min read)
China has released draft security regulations for companies providing generative artificial intelligence (AI) services, encompassing restrictions on data sources used for AI model training.
G20 adopts IMF-FSB Synthesis Paper on crypto regulation (2 min read)
On Oct. 13, the Group of Twenty (G20), an intergovernmental forum comprising 19 sovereign countries, the European Union and the African Union, unanimously adopted the “G20 Finance Ministers and Central Bank Governors Communique” during its meeting in Marrakesh, Morocco.
French regulator sees DeFi as ‘disintermediated,’ not ‘decentralized’ (2 min read)
On Oct. 12, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), part of the French Central Bank, published a summary of its public consultation on a regulatory framework for decentralized finance (DeFi).
China opens industrial park for digital yuan CBDC development in Shenzhen (2 min read)
China opened an industrial park dedicated to developing the digital yuan ecosystem on Oct. 11, according to Chinese press reports. This is the first such park dedicated to the central bank digital currency (CBDC), which is also referred to as the e-CNY.