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Dec. 1, 2023
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.
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