FIVE Financial News

International investigators claim that North Korea stole “hundreds of millions of dollars worth of cryptoassets” to pay for its nuclear weapons programs” – while a row has broken out in South Korean political circles over politicians’ alleged ties to the crypto developer Virgil Griffith.

BEIJING — China is poised to reshuffle the top officials surrounding President Xi Jinping at a highly anticipated congress meeting this month.

Mobile gaming company Coda Labs recently carried out a user study focusing on the Web3 gaming industry. The study was led by WALR, a leading data creation firm and a member organization of the Market Research Society. 

Magic Circle law firms Linklaters and Allen & Overy bled the most lawyers to rival firms over the past five years amid fierce competition from US legal giants, new data shows.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

According to LunarCrush’s data, SushiSwap experienced its best hourly interaction in the past 90 days, with over nine million users actively participating.

Anchorage Digital is making an entry into Asia with five new partnerships in the region.

Following months of uncertainty and discussions, the SushiSwap community has elected a new “head chef”. Jared Grey, the former CEO of defunct crypto exchange Bitfineon and decentralized financial services ecosystem EONS, will serve as the leader of the decentralized autonomous organization (DAO).

Magic Circle law firms Linklaters and Allen & Overy bled the most lawyers to rival firms over the past five years amid fierce competition from US legal giants, new data shows.

Catherine Zhou, global head of ventures, digital partnerships and innovation, HSBC, seemed a fitting individual to kick off Finextra’s Sibos coverage. Joining a the panel titled, ‘Spotlight on Digital Value: Conquering the metaverse - should securities firms start buying plots of virtual land,’ Zhou will dive in to the meaty Metaverse world, sharing the perspective of one of the globe’s largest financial institutions.

However, with a second consultation now out, a group of eight trade associations - including the Global Financial Markets Association, the Futures Industry Association and the International Swaps and Derivatives Association - have once again raised objections.Some parts of the second consultation "would meaningfully reduce banks’ ability to—and in some cases effectively preclude banks from—utilising the benefits of distributed ledger technology (“DLT”) to perform certain traditional banking, financial intermediation and other financial functions more efficiently."As a result, banks would be limited in their ability to respond to their customers’ demand for access to cryptoasset products and services. That outcome is not in the best interests of customers, investors or the financial system more broadly.

Last week, the crypto market had a fairly uneventful time. Prices have largely stayed within the same window that they have been for a few weeks, and Bitcoin (BTC) stays under the $20,000 mark. Investors are worried about the near-term future of the market, as fears of a recession and a poor 2023 are high on the minds of many.

The installation of Bitcoin [BTC] ATMs across the globe has been on the rise since 2017. The bull run for the same finally seems to have come to an end in September 2022. The number of installations finally took a hit last month amid the ongoing crypto winter. 

Fiat exchange volumes fell for the fifth time in a row as September ended, according to The Block's Data Dashboard.

When Jaime Blaustein was interviewed for his first job at Morgan Stanley in 2012, he was hooked on heroin.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

LONDON — The first coin featuring King Charles III was unveiled Friday and is set to be in public usage before the end of the year.

Quant, an Ethereum token, used to power Quant Network’s Overledger software showed tremendous growth over the past months. Furthermore, it has been showing positive numbers in its market capitalization and social media dominance as well.

Circle [USDC] announced that it was adding a series of chains to its network. In an official statement released during the Converge 2022 event, the financial technology company announced that it was onboarding five blockchains to the USDC ecosystem. 

Circle Internet Financial, the fintech firm behind USD Coin (USDC) announced that it will expand the circulation of USDC to five additional blockchain ecosystems. The announcement was made at Converge22, a blockchain conference organized by Circle in San Francisco.

U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing economy.