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
Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange...Read More
In the ongoing potential bull run, Shiba Inu (SHIB), the popular and the second-largest meme coin is about to end its consolidation and is poised for a massive upside rally. This bullish speculation arises from the coin’s positive price action and the continuous attention from investors and traders. Shiba Inu Technical Analysis and Upcoming Levels...Read More
[PRESS RELEASE – Whitefish, Montana, October 29th, 2024] ARQ Securities is pleased to announce it has received its Digital Alternative Trading System (ARQ Securities ATS) and is launching the platform on Liquidity.io [today October 29th, 2024]. Liquidity.io is a cutting-edge platform designed to revolutionize the trading and settlement of private credit and private stock for...Read More
[PRESS RELEASE – London, UK, October 29th, 2024] The funding will support network growth in KRNL Labs’ quest to build the node package manager for decentralized computing KRNL Labs is pleased to announce a $1.7 million pre-seed funding round to build the largest open, multichain software registry in Web3. The round was backed by notable...Read More
[PRESS RELEASE – Dubai, UAE, October 29th, 2024] PAID Network ($PAID), a leading decentralized token crowdfunding platform, is thrilled to announce the launch of an exclusive Low FDV Community Offering (LCO) for Blast Royale, a Tier 1 blockchain game backed by industry giants such as DragonFly Capital, Mechanism Capital, and Animoca Brands. With over 1...Read More
[PRESS RELEASE – Singapore, Singapore, October 29th, 2024] Foresight Ventures, the leading investment firm specializing in Web3 projects, today announced a strategic partnership with Deep Blue, a newly launched Jersey-based stablecoin issuer and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279), a Hong Kong listed company via its subsidiaries operating regulated financial institutions and leading...Read More
Chinese monetary expansion could potentially drive wealthy investors to Bitcoin. If such a trend materializes, it will end up repeating 2015’s pattern of post-yuan-devaluation cryptocurrency growth. Arthur Hayes, the co-founder of BitMEX, predicts a significant surge in Bitcoin’s value driven by this monetary policy shift. Bitcoin As Hedge In his recent blog post, Hayes argues...Read More
Donald Trump’s latest foray into cryptocurrency, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan. The news comes even as the project’s recent sale of its native token, WLFI, has only secured about $14 million from slightly more than 16,000 buyers. WLF Stablecoin...Read More
The next few weeks will see bitcoin (BTC) experience massive volatility due to uncertainty surrounding the United States presidential election, the “Trump trade” narrative, and the Q4 seasonality performance the asset has witnessed in past years. Analysts at the crypto exchange Bitfinex said in a weekly report that these factors would create a “perfect storm”...Read More
In the last 30 days, Bitcoin has recorded a surge of 8.5%. Meanwhile, during the same period, Ethereum has declined 1.0%. Since October 15, the Bitcoin Spot ETF market has seen only one day with a negative inflow. Yesterday, the market registered an impressive inflow of +$472.60M. Notably, the 2-year US Treasury Bond Yield was...Read More
[PRESS RELEASE – Las Vegas, United States, October 29th, 2024] Solana storage scaling solution Xandeum has confirmed details of its forthcoming token launch and storage-enabled liquid staking program. On October 29, 16:00 UTC, the XAND token will officially launch, offering the Xandeum community a way to participate in the network and earn rewards. The XAND...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, October 29th, 2024] In the ever-shifting landscape of foreign exchange, a new player has emerged from the bustling city of Dubai. Avenix Fzco, a forward-thinking fintech firm, has unveiled its latest creation: FXSentry. This innovative forex robot is designed to seamlessly integrate with the widely-used MetaTrader 4 platform,...Read More
Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed questions about its reserve backing....Read More
Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at...Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap appears bullish and is poised for a notable upside rally due to its bullish price action and favorable on-chain metrics. In addition to this, whales and investors have moved a significant amount of ETH from the exchanges in the past week. Fall of Ethereum Exchange Reserves...Read More
