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Speaking at the Futures Industry Association Expo 2023 on Oct. 2, U.S. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam reiterated his stance on the urgency of implementing a substantial regulatory framework in the burgeoning cryptocurrency market.

https://cryptoslate.com/cftc-chair-rostin-behnam-disagrees-with-gary-gensler-on-the-state-of-crypto-regulation/

Former Galaxy Digital executive Tim Grant launched a cryptocurrency-focused investment company called Deus X Capital with an initial $1 billion in investment assets and capital. He will join the company in the role of CEO while Stuart Connolly, formerly from Red Acre Ventures, will serve as chief investment officer.

https://www.benzinga.com/markets/cryptocurrency/23/10/35038187/deus-x-capital-launches-with-crypto-focus-ex-galaxy-digital-ceo-to-lead?utm_source=snapi

In a significant move towards global expansion, Coinbase, a prominent player in the world of cryptocurrencies, announced on October 1 that it has successfully secured a Major Payment Institution (MPI) license in Singapore. This strategic license positions Coinbase to broaden its digital asset payment services to both retail and institutional customers in the vibrant Singaporean market.

https://thecurrencyanalytics.com/altcoins/coinbase-expands-reach-in-singapore-with-new-license-for-digital-asset-payments-73223.php

Important regulatory news for crypto exchange Coinbase, which recently received a full licence in Singapore, opening up new opportunities for the expansion of its digital payment token services in the region.

https://en.cryptonomist.ch/2023/10/02/regulation-crypto-exchange-coinbase-arrives-singapore/

Gary Gensler, SEC Chair, is under intense scrutiny following his recent appearance before the U.S. House of Financial Services Committee. The public and several industry experts have expressed their dissatisfaction, citing Gensler's evasion of pivotal questions.

https://www.cryptopolitan.com/john-deaton-calls-for-sec-chair-resignation/

Friend.tech's revenue model shows how decentralized platforms can earn higher revenues. Sniper bots, attractive TVL and efficient algorithms could all decide the future of the decentralized social media platform.

https://www.benzinga.com/markets/cryptocurrency/23/10/35042543/friend-tech-sees-traction-revenue-zooms-with-sniper-bots-contribution-significant?utm_source=snapi

Venture capital firm Paradigm has accused the United States Securities and Exchange Commission (SEC) of exceeding its jurisdiction in its regulation of cryptocurrencies. The firm detailed its arguments in an amicus brief as part of the lawsuit between the SEC and the cryptocurrency exchange Binance.

https://beincrypto.com/sec-crypto-regulations-congress-paradigm/

In a sudden turn of events for what is usually expected to be a bullish month for the crypto industry, a series of token unlocks set to take place this month is now threatening this bullish momentum. With around $200 million in various altcoins expected to flood the open market, the current market rally may end up being short-lived.

https://www.newsbtc.com/crypto/200-million-crypto-unlocked/

The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year's World Investor Week. “The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant,” the regulators stressed.

https://news.bitcoin.com/sec-and-5-other-us-regulators-issue-crypto-investment-warnings/

It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder of the failed exchange's criminal trial to play out, where his guilt in misappropriating the billions of customer funds that led to the company's collapse will be determined.

https://www.pymnts.com/legal/2023/ftxs-sam-bankman-fried-rose-and-fell-now-comes-his-reckoning/?utm_source=snapi

In a significant development in the financial world, the United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Prager Metis, the auditing firm responsible for overseeing the books of the now-defunct cryptocurrency exchange FTX. The SEC has leveled multiple allegations against Prager Metis, primarily centered around breaches of auditor independence rules, a critical aspect of ensuring the integrity of financial reporting.

https://thecurrencyanalytics.com/altcoins/sec-initiates-legal-action-against-prager-metis-over-auditor-independence-violations-73228.php

In recent developments, Hong Kong and Macao authorities have apprehended four more individuals allegedly connected to the cryptocurrency exchange JPEX, intensifying the scrutiny surrounding the exchange's suspected involvement in a massive fraud scheme that left over 2,400 users out of approximately $200 million. With a total of 18 detentions to date, these arrests are described as targeting individuals “relatively close” to the heart of the issue.

https://thecurrencyanalytics.com/crypto-exchanges/cryptocurrency-exchange-jpex-faces-ongoing-scrutiny-amid-arrests-and-regulatory-concerns-72806.php

The Bank for International Settlements (BIS) has successfully completed Project Mariana, a collaborative endeavor with the central banks of France, Singapore, and Switzerland, aiming to explore the potential of wholesale central bank digital currencies (wCBDCs) in cross-border trading and settlement between financial institutions.

https://www.crowdfundinsider.com/2023/09/213713-bis-successfully-trials-cross-border-wholesale-cbdcs-with-central-banks-of-france-singapore-switzerland/

Brazil is launching its new national identity program powered by blockchain technology. Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain.

https://cointelegraph.com/news/brazil-rolls-out-blockchain-based-digital-id

Hong Kong, a global financial hub and a gateway to China, has been rocked by a massive crypto scandal involving JPEX. This Dubai-based cryptocurrency exchange allegedly defrauded thousands of investors of more than $160 million.

https://cryptoslate.com/op-ed-jpex-a-crypto-scandal-that-shakes-hong-kongs-reputation/