Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readOct 31, 2023

24th October — 31st October

▫️ The IRS is proposing that crypto service providers may need to collect data on their users, including names and Social Security numbers.

▫️ Kraken will share user data with the IRS next month following a June court order.

▫️ The UK Treasury has released final proposals for crypto asset regulation.

▫️ Taiwan officially proposes a crypto bill with the first reading passed at parliament.

▫️ In the upcoming week, Former FTX CEO Sam Bankman-Fried’s trial is likely drawing to a close.

▫️ SEC Commissioner Hester Peirce speaks out against LBRY enforcement action.

▫️ Gemini has filed a complaint against Genesis over $1.6 billion in GBTC shares.

▫️ Ryder Ripps must pay Yuga Labs nearly $1.6 million over a copyright infringement lawsuit.

▫️ The Maestro experienced a 280 ETH exploit via arbitrary call, and users have been refunded.

▫️ Aztec Connect vulnerability postmortem with a $450k bounty paid, allowing users to withdraw funds from zk.money.

▫️ UniPass account abstraction (ERC4337) module vulnerability has been disclosed.

▫️ Unibot, a Telegram-based trading tool, reported being hit by a “token approval exploit.”

▫️ Crypto exchange Bittrex’s U.S. shutdown has been approved at bankruptcy court.

▫️ The dYdX version 4 and its standalone Cosmos blockchain has rolled out its alpha mainnet phase.

▫️ Polygon’s POL token is live on the mainnet.

▫️ Gitcoin introduces direct grants, allowing award funds to be distributed to projects and individuals for deliverables.

▫️ Starknet is set to hand out 50 million STRK tokens to early ecosystem contributors.

▫️ Neo plans Ethereum compatibility via a sidechain.

▫️ BlockFi emerged from bankruptcy.

▫️ Andreessen Horowitz is planning to target $3.4 billion for its next early-stage funds.

▫️ A Call of Duty-style crypto video game called ‘Shrapnel’ has raised $20 million.

▫️ Nocturne Labs, a privacy protocol firm, has raised $6 million in funding.

▫️ Bitcoin’s page on Wikipedia has seen the highest views since June 2022 amid an ongoing rally.

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