# Nusefile


Crypto News


Crypto stories without the hype

My favourites from the cryptouniverse in the past month

Opinions, Global, Crime?, Coins, National, Swiss, Business, Wild Side, Catch Up

Opinions (not professional advice)

A step-by-step guide on how to access your ETHW tokens if you held ETH before the mergebitcoin2 October 2022 (LINK)
Web3 is the solution to Uber's problem with hackerscointelegraph1 October 2022 (LINK)

— A Web3 Uber will allow users to control how much data they give, to who and when. Web3 Uber would ditch centralized databases in favor of peer-to-peer networks. Self-Sovereign Identities – decentralized digital IDs that you own and control – would allow people and machines alike to have decentralized digital passports which are not dependent on any one central authority for their proper function.

Global

BIS proclaims success in multi-CBDC cross-border payment pilot projectcryptopotato2 October 2022 (LINK)
Basel study shows world's largest banks are exposed to $9 billion in crypto assetsbitcoin1 October 2022 (LINK)

Crime?

Thai SEC to prosecute Bitkub and four others in alleged wash trading casecryptopotato3 October 2022 (LINK)
SEC charges 2 firms and 4 individuals in crypto pump-and-dump scheme (DIG): Bermuda-based Arbitrade Ltd. and Canadian firm Cryptobontix Incbitcoin2 October 2022 (LINK)
India's financial watchdog, Enforcement Directorate (ED), confiscated $1.2 million in an investigation of a fraud scheme relying on an App-based token, HPZbitcoinist2 October 2022 (LINK)
Transit Swap loses over $21M due to internal bug hack, issues apologycointelegraph2 October 2022 (LINK)
Silk Road founder Ross Ulbricht begins his 10th year in prisonu.today1 October 2022 (LINK)

Coins

XRP at $20? Monster bull run envisioned for XRP following upshot of SEC legal brawlzycrypto2 October 2022 (LINK)
MANA is falling: down by 75% over the last two quartersambcrypto2 October 2022 (LINK)

— There is no denying that general interest in Metaverse-based projects has dropped. As of 26 September, total sales made on Decentraland totalled $65,577, representing a 90% decline from the $716,089 earned in weekly sales on 4 April. Since clinching a daily high of $1.74 billion in trading volume on 14 May, MANA's daily trading volume also has fallen by a whopping 94%.

Quant [QNT] whales are selling, but traders needn't be sad: the price of the #33 largest cryptocurrency rallied by 23% in the past seven daysambcrypto2 October 2022 (LINK)

National

India freezes more crypto including Bitcoin and Tether as investigation involving Binance and Wazirx deepensbitcoin2 October 2022 (LINK)
Uzbekistan introduces monthly fees for cryptocurrency companiesbitcoin2 October 2022 (LINK)
Russia to supply electricity to Kazakhstan's cryptocurrency minersbitcoin1 October 2022 (LINK)

— With its low, subsidized electricity rates, Kazakhstan attracted numerous mining companies after the Chinese government cracked down on the industry last year. The subsequent surge in consumption was blamed for the power shortages and multiple breakdowns of the country's aging energy infrastructure. In January, Kazakh authorities temporarily shut down around 200 mining facilities.

Switzerland

Central Banks can push DeFi into mainstream: Swiss National Bank officialcointelegraph30 September 2022 (LINK)

— CBDC could provide more stability and lower risks to the development of DeFi

Business and exchanges

Decentralized Social (DESO) outpaces crypto market and surges 102% this week amid integration with MetaMaskdailyhodl2 October 2022 (LINK)

— Explains DESO founder Nader Al-Naji: "Existing blockchains cannot store content efficiently. It costs about $50 to store a 200-character Tweet on Ethereum and about fifteen cents to store it on Solana, Avalanche or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social." Decentralized Social has thus far operated in the Ethereum (ETH) ecosystem, but the project also plans to expand to Solana (SOL). Despite the gains this week, DESO remains down almost 95% from its all-time high of $198.68, which it hit in June of 2021.

Indian crypto exchange WazirX lays off 40% of its 150 employees "to weather the crypto winter"coindesk1 October 2022 (LINK)

On the Wilder Side

Ethereum NFT holders may gain a sense of security after reading thiscointelegraph1 October 2022 (LINK)

— According to data from DappRader, top sales of Non Fungible Tokens (NFTs) in the last 24 hours showed NFTs on the Ethereum [ETH] network in the lead. A Bored Ape Yacht Club (BAYC) NFT topped the list with the sale attracting 91 ETH, valued at over $120K.

Catch Up

Earlier roundups