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Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns

Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns

Cryptocurrency lending platform Celsius Network was hit with state enforcement actions in Texas, New Jersey, and Alabama over its interest-earning cryptocurrency accounts.

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.

Italian Banking Association Chose Decentralized Blockchain Route

Italian Banking Association Chose Decentralized Blockchain Route

The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.

Paxful Unfreezes Majority of Accounts

Paxful Unfreezes Majority of Accounts

Paxful, a peer-to-peer cryptocurrency marketplace, has unfrozen 88% of previously frozen user accounts after suspending operations. The remaining $4.4 million in frozen funds is in the hands of US financial regulators.

Indian State Plans to Combat Fake COVID-19 Vaccines with Blockchain

Indian State Plans to Combat Fake COVID-19 Vaccines with Blockchain

The administration of Telangana, a southern Indian state, intends to avert any attempt of hoarding or black-marketing of COVID-19 vaccines using blockchain technology.

New York Crypto Accounting Startup Tactic Raises $2.6 Million Funding

New York Crypto Accounting Startup Tactic Raises $2.6 Million Funding

Tactic offers solutions for businesses’ crypto and DeFi accounting needs, helping themselves successfully to raise $2.6 million in a funding round.

Arbitrum Activates Account Abstraction Endpoint Support on One and Nova

Arbitrum Activates Account Abstraction Endpoint Support on One and Nova

Arbitrum has officially activated support for the account abstraction endpoint on its One and Nova mainnets, following the successful passage of AIP-2.

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.

SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency

SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency

The House Committee on Oversight and Accountability has intensified scrutiny on SEC Chair Gary Gensler over the SEC's coordination with the EU on legislative matters and a perceived lack of transparency. The discord, highlighted in a letter dated October 12, 2023, follows a pattern of communication deadlock between the SEC and Congress, with implications on broader legislative and regulatory frameworks. The Committee expects more forthright engagement from the SEC by October 19, 2023, threatening compulsory processes for compliance.

Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced

Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced

The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.

Animoca Brands Partners with Untamed Planet to Develop Untamed Metaverse

Animoca Brands Partners with Untamed Planet to Develop Untamed Metaverse

Animoca Brands has announced a partnership with Untamed Planet to develop and publish Untamed Metaverse, a game to help nature conservation efforts.

SEC Charges FTX Auditor Prager Metis Over Independence Violations

SEC Charges FTX Auditor Prager Metis Over Independence Violations

The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.

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