Some Major news
- The SEC has accused BlackRock, of failing to accurately disclose investments made by a publicly traded fund it advised. BlackRock agreed to resolve the charges by paying a $2.5 million penalty.
- BlockFi successfully exits bankruptcy and unveils plans aligned with its reorganization strategy. It confirmed its emergence from bankruptcy on October 24, 2023, expressing enthusiasm for the future. Also open withdrawals from International users
- Fred Ehrsam, co-founder and managing partner of Paradigm, plans to step into a less prominent position within the company, moving from Managing Partner to General Partner, to pursue other interests.
- BlackRock's iShares Bitcoin Trust (IBTC) briefly disappeared from DTCC's website, but is back now. However, a DTCC spokesperson said that IBTC has actually been on the list since August.
- FTX Trading Ltd. is again in talks with three bidders about reopening the bankrupt crypto exchange. The final decision on reviving the exchange will be made by mid-December
- Binance Crypto Withdrawals Temporarily Unavailable Due to Technical Issues
- Smart contracts of the upcoming POL token went live on the Ethereum mainnet as the Polygon blockchain gears for a shift towards its ‘2.0’ plan
- Nocturne Labs, a crypto startup that wants to bring private accounts to the ETH, has raised $6 million in seed funding. Bain Capital Crypto and Polychain Capital co-led the round, with Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures and others participating
- Nym Technologies, a company that focuses on the privacy infrastructure of the blockchain ecosystem, has announced a $300 million innovation fund. And is backed by Polychain, KR1, Huobi Incubator, Eden Block, and others.
- Vodafone’s DAB has partnered with Sumitomo Corporation, Chainlink Labs, and InnoWave to demonstrate a proof of concept aimed at improving the exchange of trade documents across diverse platforms and blockchains, addressing inefficiencies in a $32 trillion global trade sector.
