Crypto Roundup: Blockchain Adoption, Growth and Regulations

By: Eliza Bennet

This Month's Top Crypto News

• Hong Kong Securities and Futures Association Suggests Stimulating Economy with ICO: The association proposed this alongside other solutions, a controversial move considering the marked downturn of ICOs in 2020.
• Binance to Phase Out Support for BUSD Stablecoin: Binance intends to delist all spot trading pairs involving BUSD and halt BUSD withdrawals by the end of December.
• FTX Allowed to Recover Funds, Amid Celsius' Technical Issues: FTX will sell a substantial amount of shares to recover funds after its collapse, while Celsius has enabled withdrawals for some users.
• Dismal Success Rate for Web3 Games; Collaborations with Esports Emerge: A study indicates over 75% of blockchain games fail in the first five years, but there's some success with well-known games like Decentraland and Axie Infinity.
• Sam Altman Returns as OpenAI CEO; Microsoft Joins Board: Founder Sam Altman resumes his role, while Microsoft now sits as a non-voting observer on the board.