The Weekly News Roundup, ending 8 October 2022

DeFi hacks, more action on the laws and regulations pipeline, Craig Wright is proven mad again, and lots of movement as the bear market continues.

Keep educating yourself, and keep stacking- bear markets don’t last forever.

Comments and suggestions, reach out -> hello @

Be well, Everyone.

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Articles on Medium this week


The Cost of Crypto Podcast

This Week In Twitter



Israel kicks off live tests for its tokenized digital bonds
Spain overtakes El Salvador to become third largest crypto ATM hub
Jack Dorsey introduces AT Protocol for federated social applications Christian Nwobodo

CBDC (are just Surveillance Tokens)
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

Polkadot Development Activity Peaks in Q3: Report

CRIMES AND SCAMS users at risk as scammers fake giveaway on hacked Twitter account
White hat hacker returns $300k gained from OlympusDAO exploit


DeFi and Lending
This Week In DeFi – October 14
Bankrupt Crypto Lender Celsius Hit by Federal Investigations

Huobi Token Moons 79% on The Week as Justin Sun Becomes Exchange Advisor
ShapeShift moves closer to full decentralization with open-source mobile app
SBF: FTX to filter assets it thinks are securities from US listings until registration in place

Fundraising and Sponsorships

Crypto Will Be Vital in Customer Transactions: Walmart CTO
Former Celsius Exec Joins JPMorgan as New Crypto Policy Head
Major client demand was the ‘tipping point’ for BNY Mellon’s crypto services
Binance Unintentionally Delegated 13.2 Million UNI Tokens
US Chamber of Commerce Rips SEC for Denying Proposed Grayscale Bitcoin ETF
New Fidelity Plans Suggest Ether’s Non-security Status Is Here to Stay

Implementation and Infrastructure

Metaverse / Web3

Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
Kazakhstan among top 3 Bitcoin mining destinations after US and China
Pro-crypto Wyoming Not Yet Pro Enough To Attract Bitcoin Miners
-[It’s all noise] Global Energy Consumption From Bitcoin Mining Is Just Over 0.10%

Nation States (and other political jurisdictions)

Anthony Hopkins sells out NFTs in minutes: Nifty Newsletter, Oct 12–18
Why 137-Year-Old Brand Bicycle is Making Bored Ape NFT Playing Cards
Shopify users get their hands on Tezos NFTs with new partnership
OpenSea revises NFT rarity ranking protocol after community feedback
Cardano NFTs touted as next gold rush after ‘Ford Edwards’ sells for $65,000

Regulation, Legislation & Legal Matters
SEC, CFTC Launch Probe Into Bankrupt Crypto Fund Three Arrows Capital: Report
‘Well worth the fight’ — Ripple counsel confirms Hinman docs are in their hands
South Africa Defines Crypto as Financial Product
Leaked Draft of US Congress’ ‘DeFi Killer’ Bill Sparks Debate
CFTC Racked Up Crypto Enforcement Record in Past Year
Kraken Joins List of Crypto Firms to Comply With EU Sanctions Against Russia
US DOJ Sues Founder of Defunct Crypto Mixer Over Failure to Pay $60M Fine
Hodlonaut Prevails in Lawsuit Against Self-Described Satoshi Craig Wright

Coinbase, SmartPay Efforts Could Boost USDC, USDT Usage Outside US
Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments
US Congressman Confirms No Stablecoin Regulations Anytime Soon

US tax watchdog classifies NFT as digital assets for tax purposes
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

The Wall Street
Bankless: 5 Market Insights From Institutional Investors

Time Capsule

Outside News

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