Crypto Firms and Legal Counsels Nominated at Asian Legal Business PH Law Awards | Key Points | Oct. 23, 2024
GM. Welcome back toย BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: Nominations for Enjin, Coins, and multiple other crypto firms in the prestigious PH law awards.
Plus the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates ๐
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $66,303.25, down 0.7% over the last 24 hours.
- Ethereum (ETH):ย $2,571.51, down 1.8% over the last 24 hours.
- Solana (SOL): $164.71, up 0.1% vs the previous day.
Trending Coins Update
- Beam: $0.0187, up 5.2% vs the previous day.
- Celestia: $5.86, up 3.2% over the last 24 hours.
- Apecoin: $1.24, down 15.5% vs the previous day.
For the daily price update, check out our post on Facebook.
Feature News: Crypto Firms and Legal Counsels Nominated at Asia Legal Business PH Law Awards
Compliance and crypto are just two things whose very essence do not agree with each other; with crypto — Bitcoin — in particular was born to free the financial system from centralized control and provide an alternative to traditional regulatory frameworks.
Yet here we are in 2024. The first Bitcoin spot ETFs have been approved in the U.S. The SEC over there wants to tighten its ropes on the industry. The countries around the world are following suit, crafting their own regulatory frameworks.
And so in the middle of it all are the lawyers and the legal teams of these crypto companies, with a daunting task of reconciling crypto’s decentralized principles with the growing demand for compliance.
And for their work, some of them are honored.
This week we reported about the Asian Legal Business (ALB) Philippine Law Awards, slated for Nov. 19, 2024.
BitPinas highlighted the nomination(s) of Nadaine Tongco-Edades, the VP-Finance and Tax, Controller, and Associate General Counsel for Atlas Development Services, a core contributor to Enjin blockchain, for the following categories:
- In-House Lawyer of the Year
- Woman Lawyer of the Year
- Young Lawyer of the Year (In-House)
She was nominated alongside the Philippines’ more senior tax lawyers and conglomerate heads in a mainstream legal award.
Tongco-Edades is one of the youngest tax professors at the University of the Philippines College of Law and the only tax academic in Asia with hands-on experience leading a web3 ecosystem. She ranked 6th in the 2018 Philippine Bar Examinations.
You can read more about it in our article: Enjin Ecosystem Lawyer Nominated for Multiple ALB Law Awards Honors
As mentioned, many firms with ties to crypto are nominated, including Coins.ph, Maya, GCash, and UnionBank.
Philippine Crypto News ๐ต๐ญ
- BitPinas Article: Coins.ph partnered with Mastercard and the Stellar Development Foundation to make cross-border crypto remittances better..
- Gabby Dizon and Leah Callon-Butler are among the juries for the GAM3 Awards in Manila.
- Bicol Blockchain Community is starting to release and highlight the upcoming speakers of the BBC 2024.
Noteworthy ๐
Key updates and announcements from around the crypto and blockchain world:
- Bitcoinโs market capitalization surpassed Ethereum by over $1 trillion, marking a new all-time high for the gap between the two cryptocurrencies.
- Chirag Tomar sentenced to five years for a $20 million crypto scam using fake Coinbase sites.
- Stripe acquired stablecoin platform Bridge for $1.1 billion, marking the largest acquisition in the crypto industry’s history.
Educational Corner ๐
- As the DevCon SEA draws near, don’t miss the Filipino community ETH63 and their Ethereum SEA Day, a key side event of the Road to DevCon Southeast Asia in Bangkok, Thailand.
Regulation Watch ๐
Stay informed about the latest regulatory updates and what they mean for you:
- European Central Bank researchers claim Bitcoin benefits early adopters at others’ expense, which a Bitcoin analyst called a “declaration of war,” warning of possible harsh regulations.
- The Cyprus SEC announced that MiCAR regulations for crypto-asset service providers will take effect by December 30, 2024.ย
- Ireland is urgently drafting cryptocurrency regulations to align with upcoming EU Anti-Money Laundering laws.
Community Spotlight ๐ฆ
Meet Mark Dave Manansala: He is a prominent advocate for cryptocurrency and blockchain education in the Philippines.
- He is part of the Davao community Kave Guild.
- He was also a speaker during the Blockchain Campus Conference in Davao.
More Web3 and AI News ๐ก
Discover the latest in web3 and AI innovation.
- Federal Reserve Governor Christopher Waller stated that DeFi should be seen as a complement to traditional finance.
- Yescoin integrated OKX Connect to enhance user interactions in DeFi by streamlining transaction signing and dApp engagement.
- According to a report, TON, through its connection with Telegram’s vast user base, is set to drive mainstream adoption of DeFi.
Web3 Gaming Section ๐ฎ
The future of web3 is gaming, and here are the latest news.
- Pancake Protectors, a web3 tower defense game, will close after Season 37 in October 2024, with Season 38 serving only as a 7-day withdrawal period.
- Immutable zkEVM launched permissionless deployment, allowing any developer to deploy smart contracts and web3 gaming projects without manual approval.
- Players of the Telegram game X Empire are complaining about the airdrop allocation of its upcoming X token on TON.
Event Announcements ๐
Donโt Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bicol Blockchain Conference: October 26, 2024
- Traderโs Fair- Davao: October 26, 2024
- PH Startup Week: November 11. 2024
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
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- Join our Telegram group for real-time discussions!
Weโd love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: Crypto Firms and Legal Counsels Nominated at Asia Legal Business PH Law Awards | Key Points | Oct. 23, 2024