Uniswap raises fees 📈, Binance halts UK onboarding 🇬🇧, Coinbase suspends 80 non-USD 🚫
Daily Crypto, Blockchain & Web3 Update 2023-10-17
CRYPTOCURRENCY
Uniswap to charge 0.15% swap fees beginning Oct. 17 (2 min read)
Uniswap will start charging a 0.15% swap fee on specific tokens in its web application and wallet on October 17th. Fees will not be collected on inter-stablecoin trades, nor on wrapping Ether.
DeSci-focused DAO community funds cancer research (2 min read)
VitaDAO, a decentralized autonomous organization (DAO) collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, which is dedicated to treating cancer and aging diseases.
Binance halts onboarding of new UK users (2 min read)
Crypto exchange Binance will stop accepting users in the United Kingdom as of 5:00 p.m. local time on Oct. 16. The move comes after the Financial Conduct Authority imposed restrictions on its United Kingdom partner REBS.
Coinbase suspends 80 non-USD trading pairs to improve liquidity (2 min read)
The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.
The Coinbase crypto exchange has been removing dozens of trading pairs in an effort to improve liquidity on its platforms.
QUICK LINKS
SEC Chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’ (2 min read)
US Securities and Exchange Commission Chair Gary Gensler reportedly stated that without intervention, a financial crisis caused by the widespread use of artificial intelligence is almost certain to happen.
Crypto investor protections in EU won’t take effect until late 2024 (3 min read)
Cryptocurrency investors in Europe lack protection under EU cryptocurrency asset market rules. It will take time for the protections to become active.
UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income (3 min read)
British citizens who want legal assistance through the "Help with Fees" (HwF) scheme will not have their cryptocurrency holdings considered disposable income.
Pennsylvania cuts 2-year mining moratorium from bill after union pressure (2 min read)
A Pennsylvania House Representative removed a two-year ban on crypto mining from a bill that aims to regulate the energy usage of the sector. The change was made because of pressure from trade labor unions.
TrueCoin’s third-party vendor breach potentially leaks TUSD user data (3 min read)
The team behind stablecoin TrueUSD (TUSD) announced a potential leak of certain Know Your Customer (KYC) and transaction history data after one of TrueCoin’s third-party vendors was compromised.
Lido on Solana wind down ‘deemed a necessity’ after low fees, says staking firm (3 min read)
Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community’s decentralized autonomous organization.
Vitalik Buterin-linked biotech charity Kanro transfers $15M to fund grant (3 min read)
The Ethereum Foundation revealed that Ethereum co-founder Vitalik Buterin made a notable $15 million USD Coin transaction. This transaction caught the attention of various blockchain tracking platforms.
ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK (3 min read)
Manta, a layer-2 blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an Oct. 16 announcement. Manta will be part of the Polygon ecosystem instead of being integrated into the upcoming Optimism Superchain.
Ripple job posting hints at possible IPO, XRP community says (3 min read)
Ripple, a fintech payments company, posted a new job opening on Oct. 16. They are looking for a senior manager in shareholder communication for various locations, both inside and outside the United States. Many crypto enthusiasts believe the job posting is a sign that the company plans to go public.
FTX customers could get $9B shortfall claim payout by mid-2024 (3 min read)
FTX and FTX.US customers may recover over 90% of their assets by Q2 2024 through a settlement between creditors and debtors.
Roblox integrates XRP as payment method (2 min read)
Roblox, an online game platform with 200 million monthly active users, now allows payments with XRP, according to an announcement from BitPay on Oct. 17.