Crypto News Roundup for Oct. 21, 2021
Markets Daily Crypto Roundup
With bitcoin paving the way for an altcoin breakout and a look at what makes NFTs so revolutionary, CoinDesk’s Markets Daily is back with the latest news roundup.
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Alibaba Says ‘Open Sesame’ to Web3
Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs.This week, major Web2 institutions launched new tools…

Brazil’s Central Bank Says Nation Might Be Ready for a Digital Currency by 2022
Banco Central President Roberto Campos Neto says Brazil will have "all the ingredients" for a digital currency by 2022. (Marcos Oliveira/Agência Senado/Wikimedia Commons)Brazil’s Central Bank Says Nation Might Be Ready for a Digital Currency by 2022Brazil’s chief central banker Roberto Campos Neto said Wednesday that his country could be ready for a digital currency (CBDC)…

Law Firm Perkins Coie Taps CFTC Veteran for Blockchain Practice
Kari Larsen, a former executive at bitcoin derivatives startup LedgerX who previously served a stint as counsel for the Commodity Future Trading Commission (CFTC), has joined Perkins Coie LLP. Larsen was named partner for the firm's Blockchain Technology and Digital Currency industry group, Perkins Coie said Tuesday. "Kari brings to bear a deep knowledge of…

Bug on Ethereum’s Nethermind Software Sparks Discussion of ‘Client Diversity’ Risks
Ethereum just had one of those moments where the big story is what didn't go wrong.A bug in Ethereum's Nethermind client software – used by validators of the blockchain to interact with the network – knocked out a chunk of the chain's key operators on Sunday.It was a manageable incident, but the episode revived a

SEC Twitter ‘Compromised,’ Chair Gensler Says After Account Said Bitcoin ETFs Approved
The U.S. Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF applications as of Tuesday afternoon, despite a tweet from the regulator's X (formerly Twitter) account saying they had been, the agency's chair, Gary Gensler, said.The SEC X account "was compromised," he said on his own X account, and the regulator has

Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool
Another do-it-yourself build-a-blockchain tool is about to launch. Speaking at the Web3 Summit in Berlin Tuesday, ethereum co-founder and Parity Technologies founder Gavin Wood announced that his company's new tool, Substrate, is weeks from release. As the technical underpinning for his interoperability protocol Polkadot, Substrate provides a generalized platform for blockchain development. And according to Wood,…

A Financial Professional’s Guide to Consensus 2024
Curious about how crypto is already disrupting the world of finance? Here is a schedule of the events every financial professional will want to attend at this year’s Consensus 2024 conference to get you up to speed.Wednesday, May 29OFAC Sanctions Compliance: The Good, the Bad, and the Ugly (10:30 AM CDT • 11:30 AM EDT)In

What Are NFTs and How Do They Work?
What Are NFTs and How Do They Work?Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers. One of the main benefits of owning a digital collectible versus a physical collectible like a Pokemon card or…