Daily Summary, 11 November

Daily Summary, November 11

Regulation
* US Senators published a bill on the structure of the crypto market, according to which the CFTC will become the key regulator on the spot market of digital assets with coordination from the SEC.
* An Argentine court froze the assets of the creator of the LIBRA project, Hayden Davis, and two of his partners due to suspicions of a bribe transfer to President Javier Milei.
* China accuses the USA of stealing 127,000 BTC, stolen as a result of a hacker attack on a Kyrgyz mining pool in 2020.

Companies and Exchanges
* The payment company Square, owned by Jack Dorsey, launched a BTC acceptance function for sellers, opening the possibility to accept cryptocurrency for more than 4,000,000 stores worldwide.
* After recent market volatility, the Binance exchange demonstrated resilience: the platform’s total reserves recovered to $120 billion, which is only 17% below the historical maximum.
* The cryptocurrency exchange Kraken was mentioned in the context of a transfer for which a user paid a record commission.

Technology and Security
* Analyst Willy Woo proposed a temporary way to protect Bitcoin from the hypothetical threat of quantum computers — to store coins on SegWit addresses and not touch them for about 7 years.
* The Mayor of Vancouver paid for a drink using BTC via the Lightning Network.

Curiosities and Incidents
* A mining center in China stopped due to stray cats, which, attracted by the heat from the devices, settled to sleep on the equipment and blocked the cooling system.
* A user paid a commission of $105,831 for transferring 1 BTC to the Kraken exchange.

Research and Analytics
* According to a study by Sygnum, more than 60% of organizations plan to increase purchases of cryptocurrencies, despite the October crash.
* The company Circle printed about 1,000,000,000 USDC in the last 24 hours.