🌎CRYPTO NEWS AROUND THE WORLD♂️

Weekly news digest:

💎 Crypto

🔸 Conflux and LayerZero announced a collaboration today on the upcoming blockchain-based SIM card (BSIM)

🔸 Grayscale has filed to convert Grayscale Ethereum Trust to a spot ETF

🔸 Former SoftBank executive introduced a new stablecoin backed by the United Arab Emirates Dirham

🔸 The Brazilian government has launched an ID card based on a private blockchain 🪪

🔸 Do Kwon admitted to faking transactions and trading volume in Terra blockchain, court documents show

🔸 Chainalysis is laying off approximately 150 employees, or slightly more than 15% of its staff of 900

🔸 El Salvador launched its first local Bitcoin mining pool as the Volcano Energy project began mining 🌋

🔸 OpenSea has announced the launch of OpenSea Studio

🔸 Hacker stole 234 ETH from FriendTech users via SIM swap attacks

🔸 Galxe website's front end was hacked, and the hacker stole over $200k

🔸 Ledger lays off 12% of staff, citing "macroeconomic headwinds"

🔸 Stars Arena - Friend Tech fork was first hacked, then drained for $3M, and now secured funds to plug a $3M exploit 🤨

🏦 Crypto exchanges

🔸 Coinbase Singapore announced that it has received a Major Payments Institution license in Singapore

🔸 Binance Loans will close all outstanding BUSD loan and collateral positions on 2023-10-25

💵 Finances and Economy

🔸 The Bank for International Settlements and a handful of European central banks announced Project Atlas, which will help them track international crypto trends

🔸 Iraq's central bank suddenly halted dollar cash withdrawals

🔸 US 30-year average mortgages are above 8%, the most expensive level for loans in at least two decades 🏘

🔸 US unemployment rate numbers remained unchanged in September at 3.8%