MetaMask Gave Us A Scare for a Moment + Welcome Ferrari 😀

Hello there!

Welcome to another Coinigy news roundup.

So, as usual, we were surfing through Elon’s X—still don’t like how that sounds 😅 but let’s continue—to find the usual FUD or hype to report to you.

As we scrolled through the feed, one headline turned our world upside down for a minute:

"MetaMask Banned From iOS App Store"

The headline was enough to make someone choke on their coffee. 

MetaMask banned?

No way. 

So, we frantically clicked on the article—heart racing. 

Turned out that MetaMask had been temporarily removed from the App Store over the weekend due to some compliance issues. 

But the ban only lasted a few hours before MetaMask fixed the problems and was reinstated.

Wheew… Anyway, here are the main highlights from last week:

• SEC reportedly won’t appeal court decision on Grayscale Bitcoin ETF
• Sam Bankman-Fried blamed Binance for balance sheet leak to media: Court evidence
• Mastercard announces successful wrapped CBDC trial results
• Ferrari to accept crypto payments

SEC reportedly won’t appeal court decision on Grayscale Bitcoin ETF

The SEC was rebuked by a court in August for how it rejected Grayscale's application to turn its bitcoin (BTC) trust into an ETF. The regulator won't appeal that loss, a person familiar with the matter said Friday, boosting the odds the Grayscale Bitcoin Trust (GBTC) can be turned into a more-appealing ETF.

Read the full article

Sam Bankman-Fried blamed Binance for balance sheet leak to media: Court evidence

Evidence presented in court as a part of the ongoing criminal trial against Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, reveals SBF believed Binance leaked an Alameda balance sheet to the media in 2022.

Read the complete article

Mastercard announces successful wrapped CBDC trial results

According to the Oct. 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. In a live environment, Mastercard said the solution allowed a CBDC owner to purchase a nonfungible token (NFT) listed on Ethereum in a live environment. 

Read the complete article

Ferrari to accept crypto payments

Ferrari has turned to one of the biggest cryptocurrency payment processors, BitPay, for the initial phase in the U.S., and will allow transactions in bitcoin, ether and USDC, one of the largest so-called stablecoins. Ferrari might use other payment processors in different regions.

Read the entire article

Other Highlights Worth Mentioning

• Caroline Ellison wanted to step down but feared a bank run on FTX - Financial Times
• Stars Arena recovers 90% of stolen funds after offering $257K bounty - Cointelegraph
• Binance rolls out self-trade prevention for spot and margin trading - Binance Square
• Voyager ex-CEO charged by U.S. regulators with fraud, making false claims - CryptoPotato