The biggest cryptoverse news on Oct. 18 included Japan looking to revise crypto KYC rules, Binance CEO Changpeng Zhao’s post with Reuters reporters about the company’s recent transactions, Texas’ FTX Includes investigations into alleged unregistered offerings against US and Sam Bankman-Fried. Securities.
Japan Seeks to Amend Crypto KYC Rules
The Japanese government said it has passed six foreign exchange laws to ensure cryptocurrency exchanges comply to combat money laundering in the region.
Once the law takes effect, cryptocurrency exchanges will be required to apply strict KYC processes to their customers to verify their identities.
Quant gains over $200 after 100% surge in 30 days
In the past 30 days, Quant Network’s QNT token has emerged as a bear market outlier after its value surged by more than 100% to trade above $216.
Growing interest in the network goes hand in hand with the launch of tokenization mechanisms “Tokenize”This allows users to create interoperable QRC20 and non-fungible tokens.
Hoskinson Says Banks Are Influenced By Kanye West And JP Morgan To Sell Crypto With Their Actions
Popular American rapper Kanye West has cut ties with JP Morgan after being asked to withdraw $140 million worth of assets from the firm. In response to his mistreatment, the rapper donned a Satoshi Nakamoto hat to show his support for the Bitcoin revolution.
Cardano founder Charles Hoskinson has said JP Morgan’s abuse of Kanye West has drawn marketing attention to the crypto space.
People keep asking why the cryptocurrency space isn’t doing a better job of marketing.The answer is that every bank in America is doing it pretty well for us. pic.twitter.com/OANsCCDPMw
— Charles Hoskinson (@IOHK_Charles) October 17, 2022
Binance’s CZ accuses Reuters reporter of intent to report on his children
A Reuters reporter reached out to Binance with questions aimed at revealing details about the CZ children.
The Binance founder, who seeks to protect the identities of children, has refused to respond to such inquiries, labeling them “unprincipled and intolerable.”
Bitcoin Association To Pursue Criminal Indictment Against Miners Mining Empty Blocks
Miners on the BSV blockchain have been accused of generating empty blocks and launching coordinated distributed denial of service (DDoS) attacks on the network.
The Bitcoin Association has pursued legal action against miners and moved to freeze block rewards.
Texas investigates sale of unregistered securities by FTX US and Sam Bankman-Fried
The Texas Securities Commission (TSSB) has launched an investigation into FTX.US and Sam Bankman-Fried for allegedly providing unregistered securities.
Regulators have asked relevant authorities to stop FTX.US from purchasing Voyager’s assets, accusing it of violating securities laws.
Australian Regulator Suspends Holon Investments Bitcoin, Ethereum and Filecoin Funding
Holon Investments has filed an application with the Australian Securities and Investments Commission (ASIC) to offer Bitcoin, Ethereum and Filecoin crypto assets to retail investors.
ASIC said Holon’s filing was ambiguous because it was unable to capture the risk profile of its target market. As a result, Holon has been ordered to stop offering crypto assets for the next 21 days while the submitted submissions are reviewed.
North Korean Lazarus Group Targets Japanese Crypto Firm
North Korea’s Lazarus Group has been identified as the perpetrator of multiple cyberattacks launched against Japanese cryptocurrency exchanges, according to the Japanese National Police Agency.
The hacking group allegedly stole approximately $45 million (6.7 billion yen) from cryptocurrency exchange Zaif in 2018, and another $24 million (3.5 billion yen) from Bitcoin Japan in 2019. .
On-chain metrics show peak Ethereum network performance after merge
A month after the long-awaited Ethereum integration, on-chain data reveals that the network is functioning efficiently.
After the merger, Ethereum’s participation rate has risen above the average level of 99%, according to CryptoSlate’s analysis.
Further insights from ETH 2.0 Total Value Stake Metrics confirm that more confidence is growing among ETH holders. jumped to 14 million.
News around Cryptoverse
US Regulator Investigating Three Arrows Capital
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have launched an investigation into failed cryptocurrency hedge fund Three Arrows Capital.
Regulators said 3AC is suspected of failing to register with relevant U.S. agencies, inflating its balance sheet and deceiving investors.
Bitcoin (BTC) rose 1.11% to trade at $19,519 over the past 24 hours, while Ethereum (ETH) rose 1.46% to trade at $1,328.