This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins. Bitcoin (BTC) is about to disappoint investors, as it’s on the verge of ending October, a historically good month, in the red. Meanwhile, BNB Chain has seen record activity as token prices jumped at the beginning of October. In the EU, the territory is still shifting as countries decide whether to support the “Chat Control” proposal, with nine opposing it outright. Concern over the lack of support saw lawmakers in Brussels delay their decision on the controversial regulation until December. While the US government shutdown has ground to a halt most federal business, including decisions on crypto exchange-traded projects, crypto bills in four states moved ahead this month. Read more
This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins. Bitcoin (BTC) is about to disappoint investors, as it’s on the verge of ending October, a historically good month, in the red. Meanwhile, BNB Chain has seen record activity as token prices jumped at the beginning of October. In the EU, the territory is still shifting as countries decide whether to support the “Chat Control” proposal, with nine opposing it outright. Concern over the lack of support saw lawmakers in Brussels delay their decision on the controversial regulation until December. While the US government shutdown has ground to a halt most federal business, including decisions on crypto exchange-traded projects, crypto bills in four states moved ahead this month. Read more
Banks may soon take a softer stance on crypto as the Basel Committee prepares to revise its 2022 guidance on banks’ exposure to digital assets, according to Bloomberg. Global banks may soon take a more favorable view of cryptocurrencies as the Basel Committee on Banking Supervision (BCBS) prepares to revise its landmark guidance on crypto exposure, according to a Bloomberg report published Friday. According to Bloomberg, citing sources familiar with the matter, the Basel Committee’s 2022 guidance on banks’ treatment of crypto will be updated next year to be more favorable. This follows the issuance of previous standards in 2022, with most banks interpreting them as a signal to avoid crypto altogether. Bloomberg’s sources said the Basel Committee recently held talks about the appropriateness of the previous rules, which the United States, United Kingdom and the European Union have yet to fully implement. Read more
Banks may soon take a softer stance on crypto as the Basel Committee prepares to revise its 2022 guidance on banks’ exposure to digital assets, according to Bloomberg. Global banks may soon take a more favorable view of cryptocurrencies as the Basel Committee on Banking Supervision (BCBS) prepares to revise its landmark guidance on crypto exposure, according to a Bloomberg report published Friday. According to Bloomberg, citing sources familiar with the matter, the Basel Committee’s 2022 guidance on banks’ treatment of crypto will be updated next year to be more favorable. This follows the issuance of previous standards in 2022, with most banks interpreting them as a signal to avoid crypto altogether. Bloomberg’s sources said the Basel Committee recently held talks about the appropriateness of the previous rules, which the United States, United Kingdom and the European Union have yet to fully implement. Read more
Like early email protocols, DeFi remains complex and isolated. Bridging DeFi and TradFi through hybrid payment solutions could unlock crypto’s mainstream potential. Opinion by: Mark Jones, founder of Hana Wallet It’s often forgotten that the first emails were sent between US college professors looking to share files and work collaboratively in the early 1970s. The sending of emails between two professors initially involved using a closed system between two computers on the ARPANET that would enable messages to be sent over the File Transfer Protocol. The process was slow, complex, time-consuming and consequently didn’t gain any traction beyond Ivy League universities or government research facilities. Read more