Crypto News Roundup for Nov. 1, 2021
Markets Daily Crypto Roundup
With crypto markets trading sideways near all-time-highs and a look at how we may already be living in a post-scarcity world, CoinDesk’s Markets Daily is back with the latest news roundup.
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Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts
Meta’s (formerly Facebook) continued efforts in the digital assets industries are being called out by Rep. Maxine Waters (D-Calif.).The congresswoman said in a letter sent Monday to CEO Mark Zuckerberg and Chief Operating Officer Javier Olivan that she is concerned about Meta’s ongoing efforts to expand its footprint into the cryptocurrency industry as it currently

Stellar Invests in Security Token Platform Targeting Developing Markets
Feb 27, 2020 at 14:07 UTCStellar Development Foundation CEO Denelle Dixon speaks at Stellar Meridian 2019, photo by Brady Dale for CoinDeskThe investment arm of cryptocurrency project Stellar has made its first enterprise bid on a security token platform that provides emerging economies with access to traditional assets and cryptocurrencies. The Stellar Development Foundation (SDF)…

SEC Extends Ark, Global X ETF Deadlines as Government Shutdown Looms
As Congress nears a cliff on its budget negotiations and the federal agencies prepare for the worst, the Securities and Exchange Commission pushed off a couple of its deadlines to respond to ETF applications. The SEC has formally postponed its responses to the applications of spot bitcoin ETF listings for Ark 21 Shares and Global

US Commerce Dept. Wants to Survey Firms on Cross-Border Crypto Usage
Feb 25, 2020 at 18:05 UTCUpdated Feb 25, 2020 at 18:06 UTCThe proposed rule change would give Commerce Dept. statisticians a more precise look at the prevalence of international crypto transactions. (Image via Jer123 / Shutterstock)The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) has proposed a rule change to a benchmark survey that would…

Identity Thieves Exploit El Salvador’s Chivo Bitcoin Wallet’s Setup Process
At first, Cynthia Gutierrez refused to download Chivo, the digital wallet developed by El Salvador’s government for the use of bitcoin throughout the country and released on Sept. 7.She decided to open the app on Oct. 16 after learning from fellow Salvadorans that hackers had activated wallets associated with the nine-digit numbers on their identity…

U.S. Crypto Stocks Ride BTC Momentum in Pre-Market Trading
Shares of U.S. crypto-centric companies were ticking upwards in pre-market trading after bitcoin's (BTC) price rose to the highest level since May 2022.BTC climbed above $36,000 for the first time in around 18 months during Asian trading hours on Thursday, and the bullish momentum fed through to U.S. publicly-traded firms with crypto exposure, such as

Astria, Project to Decentralize Crucial Blockchain ‘Sequencers,’ Goes Live With Main Network
Astria, a blockchain project describing itself as the "first decentralized shared sequencing layer," has launched the main network for its alpha release. The project is among those aiming to decentralize blockchain "sequencers" – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main

Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates
Bitcoin suffered one of its more dramatic declines ever last Thursday at least in part thanks to the realization that a strengthening economy means interest rates are likely to stay on the rise.Consumer spending and new home sales data for July both came in stronger than expected last week, prompting the Atlanta Fed’s GDPNow tool…