Newsletter Oct 11, 2022

FTX CEO Sam Bankman-Fried noted in a Twitter thread that the exchange will be rolling out a "bunch of improvements."

Crypto On Oct. 11: Bitcoin Loses $20,000; Ether Breaks Retests $1,200

The crypto market turned bearish on Oct. 11 with significant price drops in the last 24 hours as Bitcoin lost $19,000 and Ether dropped below $1,300.

Organization For Economic Co-Operation And Development Debuts New Crypto Tax Reporting Framework

OECD's Crypto-Asset Reporting Framework (CARF) contains model rules and commentary for countries to follow.

BitBoy Crypto Alleges Former SEC Boss William Hinman 'Accepted Bribes'

Another crypto influencer alleged that Armstrong is a "shady dirtbag who milks his audience for a quick buck rather than giving them genuine advice."

Shiba Inu Lead Developer Slams Critics Who Want Him To Step Down

"I am only trying to build a structure we can all use, and it's proven to be tricky, difficult, taxing, and dangerous," Kusama said.

Terra's Backer Luna Foundation Guard Blames Litigation For Inability To Pay Back Investors

"You had loads of time to do a simple USDC airdrop. Why didn't you," Terra and finance researcher FatManTerra questioned Luna Foundation Guard.

More Than 3,600 ETH Burnt Since The Merge; Token Falls Below $1,200

The amount of ETH burnt in the last 24 hours broke the 3,600 mark while the token crashed 4%, losing the $1,300 price region.

Record Number Of Brazilian Companies Declared Crypto Holdings In August

At least 12,503 organizations in Brazil hold cryptocurrencies on their balance sheet, marking a 6.1% increase from the 11,360 companies in July.

Despite Massive Q2 Loss, Coinbase Expands In Singapore; Hires 100 Employees

The Monetary Authority of Singapore (MAS) approved Coinbase to operate as a crypto broker in the city-state under its Payment Services Act.

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