Markets & Business
Coinbase Files to Support Ripple Against SEC Case (2 minute read)
Coinbase has petitioned a federal court for permission to file a friend of the court brief in the ongoing lawsuit between the US SEC and Ripple Labs. The SEC is suing Ripple on allegations that it sold XRP as an unregistered security. Coinbase's petition highlights the fact that the regulator has not provided clear guidance to businesses. It also argues that the SEC has been inconsistent with its enforcement, creating uncertainty for companies in the sector.
Innovation & Launches
FTX Adds a New Feature to Send Crypto via Email and Phone Number (2 minute read)
FTX users can now send cryptocurrencies or dollars to anyone with just an email or phone number. Recipients who don't have crypto wallets will have to sign up to FTX and verify their identity to claim their funds. Funds will be returned to the sender if the receiver doesn't pass the compliance check or if the email or phone number details are incorrect.
India rolls out its digital rupee pilot (2 minute read)
The Reserve Bank of India launched a Central Bank Digital Currency pilot on November 1. Several banks will now be able to use the asset for settling second-market transactions in government securities. The retail version of the CBDC is expected to go live sometime this month. Crypto continues to remain in the gray area in the country.
Guides & Resources
Aave's Stani Kulechov: What Sets Our GHO Stablecoin Apart (3 minute read)
Aave V3 will be ready for the Ethereum mainnet in the coming weeks. There is no set release date yet for GHO. GHO is different from other major stablecoins because DeFi makes it more accessible. Aave is deployed on Ethereum, Polygon, Avalanche, Optimism, and Arbitrum. The layer 2 implementations radically decrease the cost of transacting.
Early MakerDAO Developer and Stablecoin Pioneer Found Dead in Puerto Rico (2 minute read)
Nikolai Mushegian, an early developer of MakerDAO, was found dead on Friday in San Juan, Puerto Rico. The 29-year-old man was reportedly dragged by water currents close to the beach. His body was retrieved but there were no vital signs. The area is known for its dangerous currents. Mushegian's final tweet prompted speculation about his mental health and the circumstances of his death.
Kraken wants its own crypto social network (2 minute read)
Cryptowatch, a Kraken subsidiary, has launched Cryptowatch Social, a social media service targeted towards crypto users and enthusiasts. The company is building an all-in-one mobile app where users can watch markets, manage their portfolios, and learn from each other. Its app currently allows users to check prices, make trades on multiple exchanges, and analyze market trends. Cryptowatch Social features live idea feeds, chart sharing, and livestreams.
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