Others News

USDC issuer Circle is planning to expand into the Asian market, focusing on Hong Kong as it prepares for its initial public offering (IPO).

A recent report by Oxfam has revealed that approximately $24 billion to $41 billion in climate funds allocated by the World Bank remains unaccounted for, which could represent about 40% of all climate financing provided to the institution between 2017 and 2023.

American entrepreneur and Silicon Valley investor has expressed his thoughts on why many cryptocurrency projects fail to succeed.

The crypto community was stirred when Simon, CEO of Moonrock Capital, claimed that Binance requested 15% of a project’s total token supply for a listing.

Robert Kiyosaki, author of the book “Rich Dad, Poor Dad”, issued a serious warning for the US banking sector, saying that the serious downturn has already begun.

Berkshire Hathaway, under Warren Buffett’s leadership, has significantly reduced its Apple holdings for the fourth consecutive quarter, now valued at approximately $69.9 billion, down from a peak of $174.3 billion in late 2023.

The cryptocurrency giant Ripple reported substantial growth in Q3, with increased transaction volumes on the XRP Ledger.

China Central Bank’s deputy governor, Lu Lei, recently explored the ideas of Nobel laureate Robert Mundell and Bitcoin’s elusive creator, Satoshi Nakamoto, in his new book.

In October, non- fungible tokens (NFTs) rebounded, snapping a seven-month slump with an 18% increase in monthly sales volume, reaching $356 million.

Coinbase recently uncovered evidence that the Federal Deposit Insurance Corporation (FDIC) is advising US banks not to offer cryptocurrency-related services.

Polymarket’s latest data shows a change in forecasts for the outcome of the US presidential election in 2024.

UBS has unveiled a groundbreaking tokenized money market fund, known as the UBS USD Money Market Investment Fund Token (uMINT), designed to bring digital finance into the institutional arena.

A recent survey from Paribu, a Turkish cryptocurrency exchange, reveals a shift in investment preferences among some Turkish investors, with digital assets now favored over traditional options like real estate and stocks.

Tether (USDT) is increasingly focusing on markets in Europe, the Middle East, and Africa due to regulatory pressures in the United States, with its supply surpassing $120 billion.

Bitfarms, a major cryptocurrency mining company, has signed its second hosting agreement with Stronghold Digital Mining to enhance its operations at a Pennsylvania facility.

Binance announced a partnership with Amazon Web Services (AWS) to enhance its Know Your Customer (KYC) verification process through generative artificial intelligence.

The U.S. SEC’s legal enforcement actions against cryptocurrency companies have created significant challenges for the industry.

Stablecoin issuer Tether reported $2.5 billion in profit for the third quarter, raising its cumulative profit for the year to $7.7 billion.

Recent trends indicate a significant shift in the landscape of cryptocurrency and blockchain development talent.

The Bank for International Settlements (BIS) recently announced it is stepping back from its involvement in Project mBridge, a cross-border central bank digital currency (CBDC) initiative it has supported since 2021.

Cryptocurrency exchange Crypto.com has acquired Watchdog Capital, a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC).

Bybit, a prominent cryptocurrency exchange, has been penalized with a €2.25 million fine by De Nederlandsche Bank (DNB) for operating without the necessary legal registration in the Netherlands.

At a press conference in London on October 31, Stephen Mollah, a British businessman claiming to be Satoshi Nakamoto, faced skepticism over his assertions regarding the identity of Bitcoin’s creator.

Uniswap Labs has launched a new feature allowing users to purchase cryptocurrency directly using their Venmo balance through MoonPay on both its web platform and Wallet app.

The Blockchain Association disclosed that its member firms have collectively spent $400 million in costs related to enforcement actions by the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.

Changpeng Zhao, the former CEO of Binance, made his first public appearance at Binance Blockchain Week in Dubai following his recent release.

Franklin Templeton has announced that its OnChain US Government Money Market Fund is now tradeable on Coinbase’s Base, marking a significant milestone as the first major asset manager to launch on this layer 2 blockchain.

Riot Platforms, a leading Bitcoin mining company, reported a 65% year-over-year revenue surge, totaling $84.8 million for the quarter.

Polymarket, a popular prediction market, is facing allegations of widespread wash trading, a form of market manipulation where the same individual acts as both buyer and seller in trades.

Coinbase’s recent $25 million donation to Fairshake PAC has sparked controversy, as crypto researcher Molly White argues it contravenes pay-to-play laws applicable to federal contractors.

In October, Crypto.com experienced a significant boost in its monthly spot trading volume, reaching an impressive $139 billion.

Stocks experienced a downward trend during one of the busiest days of earnings announcements, as investors assessed the results from Microsoft Corp. and Meta Platforms Inc. The mixed economic data added to the uncertainty surrounding the potential for a Federal Reserve interest rate cut.

Robinhood’s shares dropped 12.4% in after-hours trading after its third-quarter earnings missed Wall Street expectations.

The world’s second-largest cryptocurrency exchange by trading volume, has officially launched a Kazakhstan-specific platform at bybit.kz, marking a major step in its global expansion.

The NYSE Arca has submitted a request to the SEC to list a Grayscale exchange-traded fund (ETF) focused on a range of spot cryptocurrencies, aiming to convert Grayscale’s Digital Large Cap Fund into an ETF.

Kraken has announced a reduction in its workforce by about 15%, translating to around 400 jobs, as part of a recent organizational restructuring.

Coinbase has expressed optimism about pro-crypto legislation as a new Congress approaches, aligning itself with the political action committee Fairshake and the Stand With Crypto initiative.

Coinbase’s third-quarter earnings report fell short of Wall Street expectations, causing a nearly 7% decline in its stock during after-hours trading.

As Coinbase approaches its Q3 earnings report, the company’s position in a rapidly evolving cryptocurrency market remains in the spotlight.

As collaborations flourish in the cryptocurrency landscape, recent developments have emerged from the real-world asset (RWA) sector.

Antonio Juliano, founder of decentralized derivatives platform dYdX, has announced a 35% reduction in the company’s core workforce, yet this news has not affected the token’s price.

Gold’s demand has surged, driven by investor FOMO, with global interest exceeding $100 billion in the third quarter—setting a historic record.

Alphabet Inc., Google’s parent company, saw its stock rise 5.9% in after-hours trading following a strong Q3 earnings report that beat Wall Street estimates, primarily due to its growing artificial intelligence sector.

Researchers at Andreessen Horowitz (a16z) estimate that true monthly crypto users number in the tens of millions, despite there being 220 million active crypto addresses tracked in September.

JPMorgan Chase’s CEO, Jamie Dimon, has raised alarms regarding escalating conflicts in Ukraine and the Middle East, as well as the increasing collaboration among U.S. adversaries such as Russia, China, North Korea, and Iran.

A Russian court has reportedly imposed a staggeringly large fine on Google for restricting access to several YouTube channels affiliated with Russian state media.

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings to reclaim over $50 million in assets that it alleges were wrongfully taken by KuCoin, as stated in court documents from October 28.

Binance, the leading cryptocurrency exchange globally by trading volume, has introduced a new service called Binance Wealth, targeting affluent clients through dedicated private managers.

In a recent post on X, Billy Markus, the co-creator of Dogecoin, expressed his anticipation for the mainstream media’s eventual coverage of Dogecoin, especially if Donald Trump wins the 2024 U.S. election.

Circle, a prominent digital finance technology company, has partnered with HKT, a major player in technology and telecommunications, to investigate blockchain-based solutions for enhancing customer engagement in Hong Kong.

Consensys, a notable blockchain development company, is undergoing significant restructuring, resulting in a workforce reduction of over 20%.

Leading crypto exchanges are increasingly partnering with established banks to bridge digital assets with traditional finance, enhancing security for institutional clients.

Gemini has secured preliminary approval from Singapore’s central bank to expand its operations in the country.

Coinbase’s CEO Brian Armstrong recently criticized the U.S. Securities and Exchange Commission (SEC), claiming that the next chair should apologize to the public for the agency’s negative impact on the cryptocurrency sector.

Canadians appear hesitant about fully embracing the Bank of Canada’s (BOC) digital dollar initiative, despite some interest in the concept.

Tether CEO Paolo Ardoino defended the company’s compliance with international sanctions amid renewed scrutiny, stressing that Tether’s fate is ultimately in the hands of U.S. authorities.

Ethena Labs is under scrutiny following claims regarding its recent crypto-farming activities involving 180 million Ethena tokens.

Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms, as announced by Eric Yip, Executive Director for Intermediaries at the Securities and Futures Commission (SFC), during Fintech Week.

A cryptocurrency exchange, backed by billionaire investor Peter Thiel, is exploring strategic options that may include launching an initial public offering (IPO) in Frankfurt.

Coinbase is re-entering the sports sponsorship arena, becoming one of the first U.S.-based cryptocurrency exchanges to do so following the FTX fallout.