Exchange News
- Binance allows its Belgian customers to use its crypto exchange via its Polish branch.
- Banco de Venezuela, one of the country’s largest financial institutions, is removed as a payment method on Binance’s peer-to-peer trading service.
Legal News
- The US Securities and Exchange Commission charges Impact Theory, a media and entertainment company, with conducting an unregistered offering of crypto securities in the form of NFTs.
- The US Department of Justice files a motion to exclude all seven expert witnesses for former FTX CEO Sam Bankman-Fried from testifying in court.
Blockchain News
- LimeWire launches the world’s first blockchain-based AI Creator Studio on Polygon, leveraging artificial intelligence to optimize the creative process.
Payments News
- Solana-based startup Clockwork announces its shutdown on October 21, citing limited commercial upside and a desire to explore new opportunities.
Adoption News
- Bitcoin adoption in Argentina surpasses that in El Salvador due to economic challenges and high inflation rates in the country.
Hot Take: Despite the recent focus on El Salvador’s Bitcoin adoption, Argentina is actually experiencing greater adoption due to economic challenges. The crypto industry continues to evolve with the launch of innovative blockchain-based AI Creator Studios and the closure of projects that see limited commercial potential. Overall, the crypto space remains dynamic and full of opportunities.
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