SEC Taking Wrong Approach to Regulating Crypto Industry As Gary Gensler Directs Agency Agenda: Commissioner
A commissioner of the U.S. Securities and Exchange Commission (SEC) says the agency is being steered in the wrong direction in terms of crypto regulation. In a new interview with Fox Business, SEC Commissioner Mark Uyeda says that Chair Gary Gensler has influence over the overwhelming majority of SEC employees and that the regulatory agency […]
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Gate Ventures, Movement Labs, Boon Ventures to launch $20M crypto fund
The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem.
Venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs for a new $20 million fund dedicated to Web3 startups.
According to an Oct. 13 announcement, the fund targets the development of Move-based protocols, especially projects bridging the Move network with Ethereum-compatible (EVM) applications.
“The fund will invest across a range of Web3 verticals within the Move ecosystem,” a spokesperson for Gate Ventures, the investment arm of crypto exchange Gate.io, told Cointelegraph.
Andre Cronje critiques appchains: High costs and liquidity challenges
While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges.
Andre Cronje, the co-founder of Sonic Labs, has critiqued layer-2 (L2) appchains, claiming they are impractical for builders.
In an Oct. 13 X post, Cronje raised concerns about high infrastructure costs, fragmented liquidity and insufficient support for developers. He suggested these challenges hinder the widespread adoption of appchains.
Appchains are customized blockchains designed to meet the specific needs of decentralized applications (DApps) or a particular set of functions.
Donald Trump Reveals Defi Project’s Token Launch—But Not Everyone’s Happy About It
On Saturday, former President Donald Trump announced that the World Liberty Financial (WLF) token sale will kick off on Tuesday, Oct. 15. In his post on X, Trump described it as a “chance to help shape the future of finance.” He also noted that an X Spaces discussion about the token launch will be aired […]Bored Ape Sells for $1.43M Amid 8.78% NFT Market Decline This Week
NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital collectible market struggled, bringing in $77.46 […]Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S. allows its “phony economy” to […]Serial Entrepreneur: Web3 Stagnant, Echoing 1980s AI
According to Bernie Bloom, overcoming the blockchain trilemma requires building storage solutions that scale to exabytes and integrate seamlessly with smart contracts. Bloom, a serial entrepreneur and co-founder of Xandeum Labs, argues that this is essential for the “wholeness” of smart contract blockchains. Storage: A Key to Resolving the Blockchain Trilemma In written responses shared […]Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs
Cryptocurrency spot and derivatives exchange OKX is rolling out new trading pairs for the dollar-pegged USDC, the second-largest stablecoin by market cap. In a statement, the Seychelles-based exchange says it is going to introduce six new spot trading pairs for USDC on Monday. “To support the growth of the USDC ecosystem and meet our users’ […]
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Kenya Launches Digital and AI Skills Center
Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics […]What Are Based Roll-Ups? A Beginner’s Guide
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, author Gaz critiques Vitalik Buterin’s recent actions, while explaining the advancements in Ethereum scaling solutions like roll-ups, particularly focusing on “based roll-ups.” From Token […]ZachXBT claims there is an uptick in thieves targetting crypto traders offline
Online platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021.
Blockchain investigator ZachXBT says he’s noticed an uptick in messages from people alleging they are the victims of in person crypto robbery.
In an Oct. 10 post, the onchain sleuth said he had received messages from multiple victims of crypto home invasion thefts “in Western Europe over the past few months at a much higher rate than other regions.”
He made the same claim in a Sept. 27 message shared via his Telegram channel, saying he knew of several individuals in the crypto community who had been held at gunpoint and had their crypto stolen in recent months.
Bitcoin Approaching Longest Sideways Consolidation in Halving-Year History, According to CryptoQuant CEO
The chief executive of market intelligence firm CryptoQuant says that Bitcoin (BTC) is nearing the longest sideways consolidation period ever during one of its halving years. In a new thread on the social media platform X, Ki Young Ju says that if the crypto king doesn’t spark a rally within the next two weeks, it […]
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Trader Says Sell-Off for Ethereum Could Unfold if Demand Zone Where 2,400,000 Wallets Purchased ETH Fails
Widely followed crypto analyst Ali Martinez says that Ethereum (ETH) may be in for another correction if one critical support level breaks. Martinez tells his 74,000 followers on the social media platform X that $2,300, which is about a 7% correction away from current prices, is an important price level for ETH bulls to hold. […]
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Crypto companies paid $19B in settlements to US regulators in 2024
Since 2019, US regulators have collected a total of $31.92 billion in settlements from 25 crypto companies across various lawsuits.
United States regulators have received over $19 billion in lawsuit settlements from crypto companies in 2024 so far, representing almost two-thirds of all settlements to date.
Data in an Oct. 9 report from CoinGecko shows bankrupt crypto exchange FTX and affiliated trading firm Alameda are responsible for most of the funds, with $12.7 billion paid to the Commodity and Futures Trading Commission (CFTC) in an August settlement.
Across eight settlements in 2024, regulators have netted 78% more than in 2023, which only saw $10.87 billion paid. However, that is an 8,327% uptick in settlement values compared to 2022.
US Share of World Economy Projected to Reach Historic Low
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]Veteran Trader Peter Brandt Issues Bitcoin Warning, Says 75% Decline on the Table After Lengthy Consolidation
Seasoned trader Peter Brandt is warning that Bitcoin (BTC) has historically witnessed a massive meltdown after failing to print new record highs for a certain amount of time. The legendary trader tells his 742,500 followers on the social media platform X that BTC is at risk of collapsing after failing to spark sustained rallies for […]
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The Global Liquidity Cycle and Its Implications for Crypto
This editorial is from last week’s newsletter, Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished, The newsletter also includes the biggest stories of the week with a comment on each story. Liquidity Rising The global liquidity cycle has come to prominence in the past three or four […]Regulation Brings Clarity to Web3 Market, Developers, and Companies, Says Ava Labs CBO
The Web3 industry has yet to fully enter the mainstream, according to John Nahas, chief business officer (CBO) of Ava Labs. He argues that general-purpose Layer 1 blockchains, whose primary focus is marketing their tokens, dominate the space and lack sufficient innovation. This, Nahas contends, hinders the industry’s full potential. Blockchain Success Hinges on Curious, […]JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting Worse
JPMorgan Chase CEO Jamie Dimon sounded the alarm on mounting global instability, warning it could spark far-reaching economic disruptions. The executive stressed the toll of geopolitical tensions and the looming risks of fiscal deficits and remilitarization. With uncertainty escalating, Dimon urged vigilance, emphasizing that these crises could reshape both the economy and the course of […]South Africa’s Tax Agency Adds Crypto to Compliance Programs
The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. The revenue collector urged taxpayers concerned about compliance to participate in the Voluntary Disclosure Program, but those already under […]Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to $5,000 Amid Market Collapse
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]Ethereum-Based Virtual Reality Platform Decentraland Tops Santiment’s Rankings of NFT Projects by Development
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) clocked more notable development activity than any other non-fungible token (NFT) project in the past month, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 168.17 notable GitHub events in the past 30 days. Flow (FLOW), a layer-1 […]
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Ripple Fires Back at SEC: Cross-Appeal Seeks to Overturn Unresolved XRP Issues
Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities violations. Ripple’s latest move aims to ensure the SEC’s arguments on […]How Bitcoin Miners Are Tapping Into the AI Gold Rush – Part 1
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Aug. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng explores how bitcoin miners are branching out into high-performance computing (HPC) and artificial intelligence (AI) cloud […]Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to Choose
Elizabeth Warren has been a major political figure in Massachusetts for over a decade. While she’s known for championing consumer protection and taking on big banks, her stance on modern financial innovation—particularly her aggressive opposition to cryptocurrency—shows that her leadership is increasingly out of touch with today’s fast-changing economy. Massachusetts needs fresh leadership that embraces […]Former President Trump leads Harris by 10 points — Polymarket
According to Polymarket users, Vice President Kamala Harris is currently favored to win the popular vote by a staggering 72% margin.
Former President Donald Trump is currently leading Vice President Kamala Harris by 10 points on the Polymarket prediction platform — a sharp reversal over betting odds in September.
According to the latest Polymarket data, Trump currently has a 55% chance of securing the Oval Office in November compared to Harris’ 45% chance.
The former President also reversed Harris’ lead in 4 of 6 swing states and now leads in Arizona, Georgia, Michigan, and Pennsylvania — with Arizona and Georgia representing the GOP candidate’s widest margins of victory.
Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin, and Littio leveraged Avalanche to offer yield-bearing dollar-based savings accounts. Chainalysis Latam […]Peter Todd named Satoshi on HBO, Mt. Gox repayment plan deadline postponed, and more: Hodler’s Digest, Oct. 6 – 12
Mt. Gox postponed the deadline to repay creditors, Canadian Bitcoin core developer Peter Todd was named Satoshi in HBO doco: Hodlers Digest
Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025.
According to an official announcement, many rehabilitation creditors still have not received their repayments after not completing the required procedures.
The platform was one of the earliest crypto exchanges in the world and, at one point, handled about 70% of all global Bitcoin transactions. It faced a series of security breaches and unnoticed hacks that led to a halt in withdrawals and its eventual collapse in 2014, locking the funds of about 127,000 users.
Bitcoin ETFs Climb With $253M Inflows as Ethereum Funds Show Weakness
On Friday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) shook things up, recording net inflows of $253.54 million. Meanwhile, the nine spot ethereum ETFs had a rougher day, with modest outflows totaling around $97,110. Friday’s Crypto ETF Action The spot bitcoin ETFs saw gains, pulling in $253.54 million in total on Oct. 11. Fidelity’s […]Thousands Drained From Elderly Man’s Bank Account in Sophisticated ‘Hi Dad’ Email Scheme As Lender Remains Silent: Report
An elderly parent is reportedly devastated after scammers contacted him via email masquerading as his own daughter. Françoise Schorosch says the criminals said all the right things to her father online, perfectly mimicking the way she writes partially in German and partially in English, The Guardian reports. The style of scam has been dubbed the […]
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