The biggest news in the cryptosphere for Oct. 10 includes Dominic Frisby’s take on Bitcoin and gold investments, the EU Commission’s tender that signals a regulatory framework for DeFi, and BitBoy Crypto’s allegations against the former SEC director for accepting bribes to declare Ethereum a commodity.
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EU signals regulatory intent with study on’ embedded supervision’ of Ethereum DeFi
Details of the EU Commission’s tender on DeFi got revealed by Circle’s policy advisor Patrick Hansen.
The EU Commission has launched a public call for tender for a study on “embedded supervision” of #DeFi on #Ethereum.
The aim is to study technol. capabilities for automated supervisory monitoring of real-time DeFi activity.
Est. tender value: 250k EUR.https://t.co/oZwb9QnLjG
— Patrick Hansen (@paddi_hansen) October 10, 2022
According to Hansen, the EU Commission is working to enhance technical expertise on built-in supervision mechanics of DeFi on the Ethereum network.
The Commission is making this call even though the MiCA framework released last month excludes decentralized services.
BitBoy Crypto alleges former SEC Director took bribes to label ETH a commodity
According to crypto influencer BitBoy Crypto, former director of the Securities and Exchange Commission (SEC) William Hinman accepted bribes to declare Ethereum (ETH) a commodity.
BitBoy Crypto made the allegations against Hinman on Oct.9 through his Twitter account. Cardano’s (ADA) founder Charles Hoskinson and Ripple community also said that the accusations against Hinman are based on facts.
Interest in crypto fades as investors pile into bonds
The Federal Reserve pushing interest rates higher has negatively affected the crypto and stock markets. The Fed’s attempt to control inflation forced investors to turn to U.S. Treasury bonds.
According to numbers from September, the average daily trading volume recorded a 17.2% increase on the year-on-year metric, and the overall trading volume reached…
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