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
Bored Ape Sells for $1.43M Amid 8.78% NFT Market Decline This Week
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
Serial Entrepreneur: Web3 Stagnant, Echoing 1980s AI
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
What Are Based Roll-Ups? A Beginner’s Guide
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
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
Regulation Brings Clarity to Web3 Market, Developers, and Companies, Says Ava Labs CBO
JPMorgan CEO Jamie Dimon Warns of ‘Treacherous’ Global Tensions — and It’s Getting Worse
South Africa’s Tax Agency Adds Crypto to Compliance Programs
Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to $5,000 Amid Market Collapse
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
How Bitcoin Miners Are Tapping Into the AI Gold Rush – Part 1
Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to Choose
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
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
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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