20 June

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3:33 AM UTC
20 June

|

3:33 AM

Crypto News – October 20th

Aptos Labs demands Binance to halt APT listing

Collin Wu, a crypto reporter, tweeted that the Aptos Labs’ team urgently demands that Binance halt listing APT because the APT tokenomics were leaked. Following the leak, Aptos Labs took to Twitter to publicize other information on Aptos tokenomics and other data including the estimated token supply schedule and its expected supply changes.

Almost 80% of El Salvador’s citizens believe the country’s Bitcoin strategy has failed

Just a little over one year after El Salvador became the first country in the world to adopt Bitcoin (BTC) as a legal tender, the policy appears to be unpopular among most residents as the price of Bitcoin plummeted.

In particular, research by the University of Central America (UCA) indicates that about 77% of El Salvador’s residents believe the Bitcoin adoption has been a failure and the government should stop spending public funds buying Bitcoin. 

Terra’s Do Kwon apologizes to LUNA victims and insists that he is not on the run

Terraform Labs co-founder Do Kwon has insisted that he is not on the run despite a red Notice being issued against him by Interpol.

Speaking during an interview with Laura Shin of the “Unchained Podcast” Tuesday, Kwon declined to state his exact location citing security reasons and clarified that he moved to Singapore before the Terra collapse, which saw roughly $60 billion evaporate in May. Kwon said he did not know the reason why the government would believe he fled to Singapore and there were simply too many untrue things coming from the Korean side.”

He also apologized to Luna’s victims and said that he would own up to the full responsibility of the network’s downfall.

Japan slackens crypto rules on listing of tokens

Japan’s crypto regulator has planned to ease the rules which surround the listing of coins and tokens. This move will make the listing of virtual coins a lot easier.

At the moment, crypto exchanges that want to list their tokens and coins have to get them screened by the Japan Virtual and Crypto Asset Exchange Association (JVCEA).

Additionally, just about 50 assets are currently allowed to be traded in Japan according to the current regulatory rules.

The new regulations would help attract foreign exchanges into Japan, as the screening process was simplified.

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