Digital Asset Platforms Lose a Record $2.1B in 2024, Mostly Due to Hacks

A Cyvers report reveals that centralized and decentralized digital asset platforms suffered $2.114 billion in losses in the first nine months of 2024, surpassing 2023’s total. Hacks and breaches account for the majority...

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Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations

The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024....

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BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review

BNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts...

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Polymarket Predicts 61% Chance of 2024 Bitcoin All-Time High, 17% for $100K

With bitcoin trading above $65K, crypto enthusiasts are anticipating big price moves in October. Many still believe BTC will exceed its all-time high before the year ends. On Polymarket, a blockchain-powered predictions...

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CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans,...

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Forgotten Playland Is Launching on the Epic Games Store This November

PRESS RELEASE. Forgotten Playland is coming to every single gamer out there! At the start of the summer we hinted at something epic. After much preparation, we have finally announced that Forgotten Playland will be available...

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NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate

NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%. Top...

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Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a...

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Crypto Veteran Says Decentralized AI Reduces Bias and Manipulation Risks

Albert Castellana, co-founder and CEO of Yeager.ai, believes artificial intelligence (AI) can propel blockchain-based applications beyond simple, static contracts. AI integration unlocks “much more subjective decision-making,”...

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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion...

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Kenyan Deputy President Urges Africa to Embrace AI

Kenyan Deputy President Rigathi Gachagua is urging African leaders to tap into the potential of artificial intelligence (AI) to supercharge their economies. Gachagua highlighted that tech-leading countries are already reaping...

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Blackrock Joins Race to Issue New Stablecoin

Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments...

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Dubai Regulator Increases Scrutiny on Crypto Companies

Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented stricter regulations for crypto companies to enhance investor protection and ensure transparency. The new rules require firms to include risk warnings in...

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Check Point Discovers Mobile Crypto Drainer App on Google Play Store: $70K Stolen From 10,000 Users

Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets...

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Blockchain Climate Tech Startup Coral Raises $3 Million

Coral, a climate tech startup leveraging blockchain and AI, has secured $3 million in pre-seed funding to expand its operations and enhance its carbon emissions management platform. The funding will enable Coral to open...

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Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world...

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BOS Open-Sources Zero-Knowledge Protocol, Paving the Way for Advanced Cryptography on Bitcoin

BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain,...

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Top 3 Meme Crypto Price Predictions for October: Floki, First Neiro on Ethereum, Popcat

Everyone is waiting to see what Floki, First Neiro on Ethereum, and Popcat will do next. These three meme coins have received enormous attention lately, and investors are curious if their prices are about to rally again....

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Sky Adviser Recommends Halting Wrapped Bitcoin Offboarding

BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s...

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Blackrock’s Bitcoin and Ether ETFs Lead Inflows Amidst Strong Trading Day

According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S....

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Ugandan Fintech Firm Gets Funding From Dutch Impact Investor

Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $167M African startup fund, will expand ABC’s customer base,...

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2009 Bitcoin Whale Moves 5 BTC to Kraken, Holds Over 1,200 BTC

An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive...

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Bitcoin ETFs Boosted by Inflows, Ether ETFs Hit by $79.21M Outflow

According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs...

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Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS...

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Stepn Partners With Adidas for Genesis Sneakers NFT Launch

Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the...

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Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission...

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Ethereum Technical Analysis: ETH Trades Above $2,600 Amid Strong Market Activity

As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56...

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Bitcoin Technical Analysis: BTC Consolidates, Signaling Potential Breakout

Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are...

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Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations

The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer...

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BTC Miners Increase Earnings With Fractal Bitcoin Mining

According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset,...

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Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review

Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private...

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Nigerian Entrepreneur: Recent Regulatory Moves Signal Support for Crypto

While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset...

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Rapper Iggy Azalea to Launch Crypto-Powered Online Casino ‘Motherland’ in November

Iggy Azalea is set to shock the online gambling world with the launch of her new crypto-powered casino, Motherland, in November 2024. Powered by her Solana memecoin, MOTHER, the casino will offer a variety of games, including...

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A Detailed Analysis of Ancient 2009 Bitcoin Wallet Spending Since 2015

On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block...

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Bingx Resumes ‘Mainstream’ Asset Withdrawals 24 Hours After Hack

Bingx said it has resumed withdrawals for “mainstream” cryptocurrencies including bitcoin, tether and ethereum among others. However, the exchange has warned of potential delays due to security reviews. The crypto exchange...

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Supreme Court of India’s Youtube Channel Hacked to Promote XRP Scam

The Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that...

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Computer Scientist: China’s Crypto Crackdown Spurred Decentralization of Asia’s Web3 Infrastructure

Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the decentralization of Asia’s crypto infrastructure....

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Bitget Reports 1,600% Surge in African Users

Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in...

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Homnifi: Bridging Innovation and Global Support for Big Ideas

In a world abundant with ideas, the primary challenge lies not in generating new concepts but in securing the necessary support to bring these ideas to fruition. Homnifi leads this transformation, facilitating the connection...

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Satoshi-Era Wallets Transfer 250 Bitcoin From 2009 in First Action Since 2022

Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being...

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Solana Mobile Unveils Seeker, Its Next Web3 Focused Phone

Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display,...

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Australian Central Bank Prioritizes Wholesale CBDC

The Australian Central Bank is focusing on a wholesale central bank digital currency (CBDC) due to its potential economic benefits compared to a retail CBDC. The Reserve Bank of Australia (RBA) has launched Project Acacia,...

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Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga

Bitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across...

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US Lawmaker Urges Release of Jailed Binance Employee

A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S....

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Bitcoin’s Computational Power Falls 9.95% After Record Hashrate

Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since...

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Microsoft, G42 Open 2 AI Centers in Abu Dhabi

Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices,...

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BNB Chain to Promote Gasless Stablecoin Transactions With Exchanges, Wallets, and Bridges

BNB Chain has announced new developments aimed at becoming the core infrastructure for stablecoin payments and digital financial transactions. This initiative focuses on gasless transactions across centralized exchanges,...

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Bitcoin.com Selects MoonPay as Exclusive Payments Partner

Bitcoin.com, a pioneer in the cryptocurrency space since 2015, today announced an exclusive partnership with MoonPay to power payments for the platform’s 50+ million wallets. The agreement guarantees MoonPay as the only...

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Capstone Technology Gets $5.4M for GAYA Blockchain Project

Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment....

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USDT Reaches $1 Billion Authorized Issuance on TON

Tether’s USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1...

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