The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial “Staff Accounting Bulletin 121,” according to the Government Accountability Office (GAO). The 2022 …

USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients. Source: https://www.coindesk.com/business/2023/10/31/circle-curbs-stablecoin-minting-for-retail-users-moving-closer-to-tethers-practice/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/consensus-magazine/2023/10/31/the-nft-market-has-crashed-what-should-artists-do-now/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday. Source: https://www.coindesk.com/business/2023/10/31/tether-reports-32b-excess-reserves-but-lags-in-reducing-secured-loans/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A Coinbase (COIN) effort to drum up a cross-country swell of amateur crypto advocates – the nonprofit Stand With Crypto – has paid off with a surge of more …

Sam Bankman-Fried is set to testify for a fourth and likely final day in his ongoing trial. Source: https://www.coindesk.com/policy/2023/10/31/sam-bankman-fried-ftx-fraud-trial/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/consensus-magazine/2023/10/31/bitcoin-2008-satoshi-nakamotos-busy-few-months-building-the-revolutionary-p2p-electronic-cash-network/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin and crypto markets in context for Oct. 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto …

Such consolidations generally end with an upward breakout, one observer said. Source: https://www.coindesk.com/markets/2023/10/31/bitcoins-triangular-consolidation-is-bullish-technical-analysis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The government hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity. Source: https://www.coindesk.com/policy/2023/10/31/spain-brings-forward-mica-crypto-rules-by-six-months-after-eu-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines