What Happened in the Cryptocurrency Market During the Week of October 14-20
Project news
The team of the popular "tapala" Hamster Kombat (HMSTR) shared a teaserfor the second season of the game. The exact date of its launch is still unknown. In the second season, players can expect significant changes.
Ripple has announced the launch of its own stablecoin, Ripple USD (RLUSD), in collaboration with global cryptocurrency exchanges.
Vitalik Buterin shared part of the new Ethereum roadmap. The main goal is to solve the network's current problems and improve its scalability.
The Worldcoin project has changed its name to World Network (World) because the previous name no longer reflects its goals.
Regulatory news
Kazakhstan will ban banks from transferring money to foreign crypto exchanges that are not licensed in the country.
Belarus has adopted new tax rules regarding transactions with digital tokens. The changes will affect both individuals and legal entities that participate in crypto transactions.
The SEC has filed an appealin the case against Ripple. The regulator wants the US Court of Appeals to review all aspects of the case from the beginning. The case is delayed until July 2025.
Investment company Canary Capital has filed with the US Securities and Exchange Commission (SEC) to launch a Litecoin (LTC)-based spot exchange-traded fund (ETF).
Digital asset manager Grayscale has filed with the SEC to convert its multi-asset fund, the Digital Large Cap Fund (GDLC), into a new exchange-traded fund (ETF).
The SEC has approved options trading for several spot Bitcoin ETFs on the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE).
Other crypto market news of the week
In China, they have learned to crackcryptographic algorithms using a quantum computer.
Ethereum co-founder Vitalik Buterin sold memecoinsworth over $2 million and donated part of the proceeds to charity.
The cryptocurrency community has been vocal in its criticism of the SCR governance token from the second-layer (L2) solution Scroll.
Cryptocurrency exchange Kraken has releasedwrapped bitcoin kBTC.
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