Below are the crypto weekly news highlights for the top trends in the cryptocurrency space this week.

Monday, 16th of October 2023

News: Australian Cryptocurrency Exchanges Are Cautiously Optimistic About the New Licensing Scheme

News Highlights

  • Cryptocurrency exchanges in Australia have applauded the Australian Treasury’s proposals to regulate cryptocurrency exchanges under the existing licensing regulations for financial services.
  • The new regime will provide a framework for industry growth and innovation, allow regulatory certainty to crypto service providers, and ensure that typical consumers and their assets remain protected.
  • While the regulatory environment may bring some challenges, it also presents opportunities for the Australian crypto market to flourish.

News: Fraudsters Prey on Ireland’s Traditional Banking Clients Rather Than Cryptocurrency Investors

News Highlights

  • Due to a two-year bear market, fraudsters in Ireland choose to prey on traditional banking customers rather than cryptocurrency investors.
  • The Irish Independent claims that in 2023, Irish individuals lost up to 20 million euros ($21.8 million) to con artists posing as bank employees.
  • Fraudsters imitate banks’ websites and brochures rather than planning intricate cryptocurrency scams to persuade victims to part with their cash.

Tuesday, 17th October 2023

News: TUSD Hack May Have Exposed User Data for TrueCoin

News Highlights

  • TrueCoin has experienced a third-party vendor breach that has potentially exposed sensitive user data related to its flagship cryptocurrency, TrueUSD (TUSD).
  • The breach is a sobering reminder of the need for robust security measures and rigorous oversight in cryptocurrency.
  • There is no disruption or access to TrueCoin’s internal systems, as the company acknowledged the hack was an isolated event involving a third-party vendor.

News: Roblox Incorporates XRP as a Mode of Payment

News Highlights

  • The recent development of Roblox integrating XRP (Ripple’s cryptocurrency) as a mode of payment marks a significant milestone in online gaming and virtual economies.
  • The partner in charge of ensuring a smooth connection with cryptocurrency wallets will be BitPay.
  • By embracing XRP, Roblox has diversified its payment options and set a compelling precedent for the wider gaming industry.

Wednesday, 18th October 2023

News: New PLay-to-Earn Game Offers NFTs Linked to 100% Physical Items Like Gold

News Highlights

  • A new play-to-earn game (Golden Egg Wonderland) offers NFTs linked to physical items like gold.
  • The creators of Golden Egg Wonderland are confident that their venture will potentially launch a new gold market if it succeeds.
  • Thanks to the blockchain, this gives the game an intriguing economic component and creates the possibility of blending the virtual and physical worlds.

News: Cryptonauts Ofer 100% Best Advice on How to Grow a Crypto-Based YouTube Channel

News Highlights

  • Cryptonauts stands out as a leading authority in the realm of cryptocurrency YouTube channels.
  • Cryptonauts told The Agenda that “humanizing” the content is an excellent and effective tactic when striving to distinguish oneself from all the trash.
  • While many crypto content creators have been exposed for accepting money under the table to promote other projects’ tokens, Cryptonauts say they don’t have this issue because they don’t depend on sponsored content for money.

Thursday, 19th October 2023

Topic: Shocking News! Binance Executive Director Has Resigned

Key Takeaways

  • Stéphanie Cabossioras, the Binance France executive director, resigned after joining Binance France in 2022.
  • This abrupt exit raises questions about the future of Binance’s operations in France and the challenges it faces amid increasing regulatory scrutiny in the crypto industry.
  • CEO of Binance described this departure as a typical stage in his company’s progress.

Topic: UAE Opens a New Free Zone for Digital Assets, Web3, and AI

Key Takeaways

  • Sheikh Mohammed bin Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah, officially opened the new RAK Digital Assets Oasis (RAK DAO).
  • It is an economic free zone devoted to assisting businesses working in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI).
  • RAK DAO and its ecosystem partners will also manage award programs and offer specialized assistance in various tech, marketing, and business development areas.