In an announcement on Oct. 29, international credit giant Visa unveiled the partnership enabling real-time money movement between traditional banking and crypto services using the Visa Direct network. “This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement,” it stated. Visa’s head of...Read More
MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve “BTC yield” for its shareholders. In its Q3 earnings release, the company said that the “21/21 Plan” would involve raising $21 billion through ATM equity offerings, and $21...Read More
Consensys, the blockchain development firm behind the popular MetaMask crypto wallet, has decided to lay off over 160 employees. The move impacts 20% of its total workforce. According to founder and CEO Joe Lubin, this decision was driven by macroeconomic challenges and substantial legal costs incurred during the company’s extended regulatory battles. Job Cuts at Consensys...Read More
[PRESS RELEASE – Melbourne, Victoria, October 30th, 2024] Nozomi, led by founder Louis Dharma and CEO Jinelle D’Lima, has unveiled the aATose Paper (accelerating Aligned Technology by Open Sourcing Entrepreneurship), presenting a new framework that builds upon Vitalik Buterin’s Defensive Accelerationism (de/acc). While de/acc sought to decentralize technology and guard against centralized control, aATose aims...Read More
[PRESS RELEASE – New York, NY, October 30th, 2024] Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph’s consumer layer, serving as an expansion beyond a typical Layer 2. Morph’s consumer layer directly addresses the root causes of limited...Read More
[PRESS RELEASE – Cranford, US, New Jersey, October 30th, 2024] The partnership introduces a breakthrough in decentralized cloud storage, ensuring cost-effective, resilient, and secure backup solutions for enterprise-grade data management. DeStor, a leader in decentralized storage solutions, has partnered with Impossible Cloud to introduce advanced decentralized cloud backup solutions. The collaboration provides businesses with robust,...Read More
The Royal Government of Bhutan has made a significant move by depositing 929 BTC into crypto exchange Binance. The activity was flagged shortly after BTC climbed above $70,000 for the first time since June 10. Bitcoin Transfer to Binance In its latest tweet, Lookonchain cited data from Arkham Intelligence, which revealed that the Bhutan government-linked...Read More
Liquid restaking protocol Swell has announced that its Layer 2 is migrating to the Optimism Superchain. Swell said it would move away from the Polygon Chain Development Kit (CDK) as part of this strategic transition. Swell Layer 2 Transitions According to the official blog post, Swell is set to provide restaking yield and security functions...Read More
Crypto-focused venture capital firm DWF Labs has severed ties with a partner accused of inappropriate behavior during a company event in Hong Kong. The company took action after a woman identified as “Hana” reported that a partner in the firm allegedly attempted to spike her drink on October 24. The Incident In an official October...Read More
Florida Chief Financial Officer (CFO) Jimmy Patronis wants to include Bitcoin (BTC) in the state’s pension fund investments. To that end, he has sent a formal request to Chris Spencer, the Executive Director of Florida’s State Board of Administration, highlighting the need for a digital currency investment pilot program. CFO Wants Bitcoin Feasibility Study In...Read More
[PRESS RELEASE – Berlin, Germany, October 30th, 2024] The PitSnap Project, a newly launched digital content platform, introduces an innovative approach to fostering connections between artists, creators, and their audiences. With its multi-format support, direct monetization options, and blockchain-backed transaction transparency, PitSnap is designed to address the specific needs of creators and fans in today’s...Read More
PRESS RELEASE – Dubai, UAE, October 30th, 2024] BNB Chain, the community-driven blockchain ecosystem, has announced the 35 early-stage projects selected for season 8 of the Most Valuable Builder (MVB) Accelerator Program. The 4-week accelerator program is jointly run by BNB Chain, Binance Labs, and CMC Labs. MVB continues with its goal of providing early-stage...Read More
[PRESS RELEASE – Los Angeles, United States, October 30th, 2024] Xsolla, a global video game commerce company, announces plans to launch Xsolla ZK and introduce a digital backpack of virtual items on the blockchain. Xsolla ZK is powered by ZKsync technology and will drive the continuous growth and expansion of Web3 technologies to further develop...Read More
The BlackRock iShares Bitcoin Trust (IBIT) recorded a whopping $642.9 million in inflows on Oct. 29, according to Farside data. It is the largest inflow since March 12 bringing the total net inflow for all funds to $870.1 million, the highest since June 4. Bloomberg ETF analyst Eric Balchunas observed that the fund also saw...Read More
The last two times bitcoin prices made new all-time highs, total crypto market capitalization was around $3 trillion. On Nov. 10, 2021, the metric topped $3 trillion when BTC hit its cycle peak of $69,000. Total capitalization also neared the $3 trillion mark in March this year when the asset made its all-time high of $73,738....Read More
