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Crypto Evening Briefing: Prosecutors Urge Binance to Block Do Kwon from Liquidating Millions in Crypto

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Int’l Securities Body IOSCO Prepares Crypto Regulation Report for 2023

The International Organization of Securities Commissions (IOSCO) plans to launch a consultation for its regulation report on crypto assets in the current quarter of 2023, with final recommendations expected to be published by the end of the year.

Prosecutors Urge Binance to Block Do Kwon from Liquidating Millions in Crypto

Korean prosecutors have contacted Binance, the world's largest cryptocurrency exchange, requesting it to prevent crypto fugitive Do Kwon from withdrawing funds. Prosecutors fear that Kwon will start liquidating crypto from the proceeds of selling property.

Salary Packages Approached $1 Million As Meta Paid to Play in Metaverse

Meta, previously known as Facebook, is reportedly offering exorbitant salaries to programmers to build out virtual reality-powered games, apps, and technology for the metaverse, according to anonymous insiders. Programmers are said to be earning total compensation packages approaching $1 million, which is significantly more than what is being offered by other gaming companies, according to Andiamo CEO Patrick McAdams. 

Japanese Government Mulls Promoting NFTs in Sport

The Japanese government may consider adopting non-fungible tokens (NFTs) in the sports industry, with the ruling Liberal Democratic Party Web3 "Digital Society Promotion" team set to publish a white paper on the matter. 

Mt Gox Repayment Window Has Opened, but Repayments ‘Will Take Some Time’

Mt Gox creditors have missed the deadline to provide their repayment information, opening the window for repayments to be made. The Mt Gox Trustee has said that base, intermediate, and early lump-sum repayments can now be paid out until the October 31 deadline. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,915.08 USD, jumped by 0.04% in the last 24 hours;

ETH’s live price is $1,853.90 USD, dropped by 0.56% in the last 24 hours;

BNB’s live price is $310.42 USD, dropped by 0.54% in the last 24 hours;

XRP's live price is $0.5065 USD, jumped by 1.61% in the last 24 hours.

Fundraising News

PsyFi Acquires Yield Generation Protocol Katana for Undisclosed Sum

PsyFi, a decentralized provider of best-in-class financial tools and products on the Solana blockchain, announced today it has acquired the yield generation protocol Katana for an undisclosed sum.

Interchain Foundation Forwards a Grant to Datachain

Datachain has received a grant from the Interchain Foundation to upgrade the functionality of IBC-Solidity, the Solidity execution of the IBC protocol that links high-usage blockchains globally.

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