The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility. The International Monetary Fund’s Financial Stability Board said the growing adoption of cryptocurrencies could potentially increase the risks to the global economy.

In its Global Financial Stability Report released on Tuesday, the International Monetary Fund, or IMF, said the adoption of crypto assets and stablecoins in emerging markets and developing economies could pose a challenge to those countries’ macroeconomic and financial stability. The group said the risks were “contained for now,” but urged regulators to monitor cryptocurrencies and keep them in check.
Source: IMF reiterates more oversight for crypto in latest report on financial stability

Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans. Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated the problems seen during the initial coin offering (ICO) boom of 2017 and 2018.

Crenshaw made the remarks during the annual “SEC Speaks” event this month, and posted her speech to the SEC website on Oct. 12.
Source: SEC Commissioner says 'safe harbor' laws would've made ICO problems worse

Volt recently received approval for an ETF that includes stocks in various crypto-related companies. The founder of Volt Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF).

Volt Equity CEO and founder Tad Park voiced support for the U.S. Securities Exchange Commission regarding the regulator’s unwillingness to approve an ETF that would track Bitcoin directly.

In a Tuesday Fox Business interview, Park argued that SEC Chair Gary Gensler “actually is pro-Bitcoin” but is also “a little bit misunderstood” regarding his perspective on crypto regulation in the United States.
Source: SEC Chair Gary Gensler actually is pro-Bitcoin, Volt Equity CEO argues

There may only be one thing standing in the way of advanced artificial intelligence, a decentralized privacy-preserving computation network. Artificial Intelligence (AI) is quickly proving how it can change the landscape of society today. With more data comes greater opportunity to turn data analysis into a method for strategic decision-making and unlock new user experiences.

Although the applications of AI are many from knowledge reasoning to game playing and even extending as far as machine learning, new vulnerabilities are becoming apparent with private and sensitive information. Many of the world's technology giants in the United States and China have accumulated massive amounts of data through existing internet services in AI development. However, the more "intelligent" AI is, the more personal the information that needs to be acquired, managed and studied, raising the question of the ethics behind privacy protection.
Source: Bringing blockchain, AI and privacy-preserving computation together is the 2.0 version of this network’s white paper

Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. Blockchain payments firm Ripple has announced a $44-million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally conscious solar energy initiatives across the United States.

According to the announcement, the new fund is expected to offset over 1.5 million tons of carbon dioxide over 35 years, equivalent to the energy usage of 180,635 homes for one annum.
Source: Ripple and Nelnet launch $44M fund for carbon-negative crypto industry

Exactly 3% of the United States Senate attended the Texas Blockchain Summit on Friday, all addressing their fellow lawmakers' understanding of crypto and blockchain.
Wyoming Senator Cynthia Lummis said the Treasury Department may be more of a threat to innovation in blockchain and cryptocurrencies in the United States than the Securities and Exchange Commission or the Commodity Futures Trading Commission.

Speaking at the Texas Blockchain Summit in Austin on Friday, Lummis said her recent concerns with the federal agency came from the language concerning brokers of cryptocurrency in the infrastructure bill currently at the center of debate in Congress — Treasury Secretary Janet Yellen has expressed her support of the legislation. Under the wording passed by the Senate in August, brokers would have to report digital asset transactions worth more than $10,000 to the Internal Revenue Service.
Source: US lawmaker is most concerned about Treasury's response to crypto

THORSwap users can now transact across Bitcoin, Litecoin, Binance Smart Chain and Bitcoin Cash networks. Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch.

The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin (BTC) and Ethereum (ETH). According to an Oct. 12 progress report, the team behind the project’s decentralized exchange THORSwap has so far restored functionality for four of the five networks it supported prior to going down in July.
Source: THORSwap relaunches cross-chain trading on four of five networks