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    Brazilian securities regulator plans sandbox for tokenization in 2024

    Speaking at Rio Innovation Week on Oct. 4, the superintendent of institutional investor supervision with the CVM, Daniel Maeda, said the regulator will be exploring a regulatory sandbox for use cases of tokenization potentially starting in 2024. According to Maeda, the regulator’s efforts to launch the second sandbox followed positive experiences tokenizing roughly $36 million in assets.Continue Reading on Coin Telegraph More

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    Ethereum Foundation Just Sold Millions in ETH Before Price Made Another Drop

    The sale was made at $1,611 per coin. Currently, ETH is changing hands at $1,590. Curiously, right after the sale, the ETH price slipped by 1.45%. Overall, today, the second-largest digital currency , falling from $1,636 to the $1,591 level on the Bitstamp exchange. Ethereum and the majority of other altcoins are currently going down, following the Bitcoin price dropping from $27,790 to the $27,500 zone. This was largely caused by the Stars Arena hack for nearly $3 million in crypto, as well as a recent turn of geopolitical events.After the aforementioned sale, the wallet linked to the Ethereum Foundation contains 240.68 ETH, 3.2 million USDC, 49,700 DAI stablecoins and 10,000 ARB. All these crypto assets are worth $3.687 million in total.Over the weekend, a similar event took place. As reported by U.Today, Ethereum co-founder and frontman Vitalik Buterin sold 1,000 ETH worth $1.64 million in fiat on the Bitstamp exchange. This was not the only ETH sale made by the Canadian programmer with Russian roots.Over the past two months, approximately 4,400 ETH was transferred from this blockchain address of Buterin to Bitstamp. This amount of Ether is evaluated at $7.23 million.Aside from that, over the past two months, Vitalik also sent around 1,000 ETH in two chunks to the Coinbase (NASDAQ:COIN) exchange.This article was originally published on U.Today More

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    John Deaton, avvocato pro-XRP, critica i simpatizzanti di Sam Bankman-Fried

    In un post su X (ex Twitter), Deaton ha affermato che coloro che descrivono SBF come un individuo animato da buone intenzioni che ha commesso degli errori non sono adatti a gestire le finanze delle persone. Ha suggerito che tali simpatizzanti non dovrebbero essere presi in considerazione per interviste con programmi televisivi importanti come 60 Minutes della CBS.All’interno della community crypto è emersa una divisione: alcuni sono profondamente preoccupati per le accuse di frode che SBF ha rivolto agli investitori, mentre altri cercano di dipingerlo positivamente davanti ai media. Anche dopo la dichiarazione di fallimento di FTX, SBF ha continuato a partecipare a interviste ed è stato spesso presentato come un eroe del settore, suscitando le reazioni della community Web3.Leggi il testo completo su Cointelegraph More

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    South Korea’s crypto market soars to $21.1 billion in H1

    The Financial Services Commission (FSC) of South Korea revealed that the country’s crypto market cap witnessed a 46% increase compared to the previous half-year term, local media outlets reported.The global crypto market has also experienced significant growth during the same period, with its market cap surging by 53% to reach $114 million (154 trillion won).Bitcoin (BTC), the leading cryptocurrency, saw its price rise by a robust 81%.In addition to the sharp rise in market capitalization, South Korea’s virtual marketplace operators disclosed a remarkable 82% boost in operating profits, amounting to $168 million in the year’s initial half.Furthermore, deposits within these cryptocurrency exchanges experienced an 11% increase, reaching approximately $3 billion.The FSC’s study, encompassing 35 virtual asset operators in South Korea, including 26 cryptocurrency exchanges, highlighted several significant trends.Despite the general expansion of the cryptocurrency market, the average daily transaction value on the 26 exchanges saw a minor decline, registering a 1.3% decrease to $2.1 billion in the January-June period compared to the preceding six months.Additionally, the research highlighted a reduction in individual and corporate cryptocurrency traders, declining by 210,000 to 6.06 million. Within this group, individuals in their 30s constituted the most significant portion, with more than 67% owning virtual assets valued at less than 500,000 won.The first half of 2023 also witnessed the trading of 622 types of cryptocurrencies in South Korea, including market leaders like Bitcoin, Ethereum, Ripple, and Dogecoin. During this period, 169 new cryptocurrencies were listed, while 115 faced trading suspensions for reasons ranging from project risk to investor protection.South Korea is preparing to introduce new legislation in July next year to safeguard crypto investors as the market matures.The law will target unfair trading practices, including using undisclosed information, market price manipulation, and illegal transactions, with potential penalties and fines for violators.This article was originally published on Crypto.news More