Barclays-backed Copper withdraws UK crypto license application
The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.
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Price analysis 10/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.

Starknet will increase TPS 4X and reduce fees 5X within 3 months: CEO
StarkWare is looking to reduce its already cheap fees as it anticipates a boom in blockchain activity and gas fees in the coming months.

The Tax Man Cometh — Who Will Pay for the COVID-19 Stimulus?
Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global gross domestic product — according to the Asian Development Bank. Governments will soon be looking to tap all possible income sources to…

BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice
The operator of now defunct Bitcoin (BTC) stock exchange BitFunder has pleaded guilty to federal charges of obstruction of justice and securities fraud, Reuters reports July 23. According to prosecutors, 37-year old Jon Montroll, also known as Ukyo, also pleaded guilty to obstruction of justice, admitting that he provided false balance statements to the U.S.…

California judge rules DAO members liable under partnership laws
A16z Crypto’s Miles Jennings posted on X that the ruling is a “huge blow” to decentralized governance.

CipherTrace Detects Major Uptick in Cross-Border Payments to Offshore Crypto Exchanges
Disclaimer: A CipherTrace spokesperson informed Cointelegraph that these numbers are subject to change as new information becomes availableThere has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was reported in the latest cryptocurrency AML…

Reddit to wind down blockchain-based rewards service ‘Community Points’
Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues. 36 Total views 1 Total shares Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some

Chinese Police Seize 4,000 Crypto Mining Units After Energy Spike
Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, reports XinhuaNet, the official press agency of China, on July 12.Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as…