XRP, TON win approval in Dubai International Financial Centre free trade zone

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC). 

The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There are over 4,000 companies located in the special economic zone. Ripple opened its MENA headquarters in the DIFC in 2020.

About 20% of Ripple customers are in that region, the company said in a statement. Ripple CEO Brad Garlinghouse said:

“It’s refreshing to see the DFSA encourage the adoption and… Read more on Cointelegraph

A suggestion for the SBF trial’s crypto journalism polycule

The crypto journalists are in an industry publication polycule. 

In case we’ve forgotten what a polycule is: all of the people linked through their relationships, usually romantic and/or sexual, to one or more members of a polyamorous group.

I hate to say it — and some will side-eye me for being the one to say it, since I’ve written for nearly all the crypto trade pubs (here’s another one checked off) — but walking out of the court house where Sam Bankman-Fried was being tried, I couldn’t help feeling it all a bit incestuous. 

The only day I went to the courthouse was yesterday, during the prosecutor’s closing arguments. It was also the only day I’ve paid any attention…

Read more on Blockworks

LATEST: ProShares Launches Short Ether-linked ETF, Expanding Crypto Investment Opportunities

ProShares, a major ETF issuer, unveiled its new Short Ether Strategy ETF (SETH) on Nov. 2. SETH, trading on NYSE Arca under the ticker symbol SETH, offers investors a chance to profit from Ether’s price swings through futures contracts. ProShares CEO Michael Sapir highlighted the convenience of traditional brokerage accounts for investors looking to gain from both Ether’s ups and downs. ProShares’ portfolio now includes SETH, adding to its array of cryptocurrency-linked ETFs like Bitcoin Strategy ETF and Short Bitcoin Strategy ETF, aiming to provide diverse opportunities for investors in the crypto market.

MicroStrategy stock has advantages over planned spot bitcoin ETFs: Saylor

MicroStrategy founder Michael Saylor seems unafraid of spot bitcoin ETFs making his company’s stock obsolete if and when they launch.  

Rather, the executive believes that the approval of such funds, which the Securities and Exchange Commission has not previously permitted, would be “a catalytic event” that could benefit entities in the segment, including MicroStrategy.

While certain types of investors would gravitate toward bitcoin ETFs, MicroStrategy stock offers a way to get bitcoin exposure with benefits such funds won’t offer, Saylor argued during MicroStrategy’s third quarter earnings webcast Wednesday.

Spot bitcoin ETFs would provide an onramp for Wall Street capital…

Read more on Blockworks

Ordinals Explained | What are Ordinals? Episode 2

Defining Bitcoin OrdinalsThe Role of Ordinals in Bitcoin

Bitcoin ordinals refer to the unique identification numbers assigned to each satoshi on the blockchain. They serve as a timestamp and help establish the order in which satoshis occur. Ordinal theory enables participants to verify the chronology of satoshis, ensuring that the network reaches a consensus on the state of the blockchain.

When a Bitcoin transaction takes place, it is recorded on the blockchain, which is essentially a decentralized ledger. Each satoshi is assigned a unique ordinal number, which acts as a digital fingerprint. This ordinal number is generated using complex cryptographic algorithms, making it virtually…

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FCA releases guidance for compliance with new UK crypto asset promotion rules

Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.

The FCA released “finalized non-handbook guidance” to compliance with the rules for crypto firms on Nov. 2. It also provided the regulatory agency’s response to industry feedback. FCA director of consumer investments Lucy Castledine said in a statement:

“While the new rules for firms marketing crypto to UK consumers are aligned with the existing rules for other high-risk investments, we’ve engaged extensively… Read more on Cointelegraph

Top 10 Trending Crypto Coins of The Day

  1. Arbitrum: Market Cap of $1.2 Billion.
  2. Polygon: Market Cap of $6.0 Billion.
  3. Celestia: Market Cap of $326 Million.
  4. IQ: Market Cap of $95 Million.
  5. Dione: Market Cap of $27 Million.
  6. GALA: Market Cap of $501 Million.
  7. Solana: Market Cap of $17.3 Billion.
  8. Bitrock: Market Cap of $11 Million.
  9. Render: Market Cap of $841 Million.
  10. SafeMoon: Market Cap of $30 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Solana’s Jupiter Exchange set for token launch

The Solana-based swap aggregator Jupiter Exchange is releasing a native token. 

Announced during the Solana Breakpoint conference, the news came with a pledge that a majority of the forthcoming JUP token will be released to the public via community airdrop and a token sale. 

Jupiter is a swap aggregator, a platform used to gather liquidity for traders seeking the best possible prices with minimal slippage.

The protocol’s internal tracker reports $103 million in volume over the past 24 hours. Jupiter’s swap aggregation service has likely been buoyed by a recent uptick in Solana DeFi activity.

Read more: Solana ‘roast’ reveals painful truths

“Jupiter has been the leading DEX…

Read more on Blockworks

Prosecution makes closing argument against SBF

The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.

A jury of 12 will receive final instructions in the Southern District Court of Manhattan on Nov. 2, with a verdict expected by 8:00 pm local time. The jury will receive pizza and transportation if their verdict comes after court hours, according to District Court Lewis Kaplan.

As the trial of @SBF_FTX draws near its conclusion, the prosecution and defense lay down their final arguments. https://t.co/csFJ5AAZxm

— Cointelegraph (@Cointelegraph) November 1, 2023

Speaking on the court, ​​U.S. Assistant Attorney Danielle…

Read more on Cointelegraph

Bitcoin Magazine and Nitrobetting.eu Present "The Bitcoin Halving Challenge"

NitroBetting.eu, a leading Bitcoin-exclusive sportsbook, has joined hands with Bitcoin Magazine to introduce an exciting new contest, The Bitcoin Halving Challenge.

This innovative contest offers participants a unique opportunity to put their Bitcoin market prediction skills to the test. A pool of 50 winners with the most accurate predictions will share a total prize of 1 Bitcoin.

The contest opened for registration on Wednesday, November 1, 2023 and will remain open until March 31, 2024, at 11:59 pm EST. Interested participants can submit their guess at www.bitcoinhalving.com.

Anyone over 18 years old can participate. To qualify for the prize pool and be eligible for withdrawal of…

Read more on BitcoinMagazine