Coin Telegraph

VanEck’s new $30 million fund, VanEck Ventures, will focus on investment in fintech, crypto and AI startups building next-generation payments.

VanEck, one of the issuers of spot Bitcoin exchange-traded funds (ETF) in the United States, has a new initiative to support early-stage cryptocurrency and artificial intelligence projects.

VanEck has launched VanEck Ventures, a $30 million fund investing in fintech, crypto and AI startups in pre-seed and seed stages, the company announced on Oct. 9.

Source: VanEck

Read more

Palau Invest savings bonds will raise money for local infrastructure and provide a new means of saving.

The government of Palau has launched Palau Invest, a “blockchain-based savings bonds prototype system.” Since the prototype is complete, a public demonstration system has been initiated as well.

Japan’s Ministry of Economy, Trade and Industry and the Soramitsu blockchain are supporting the project, which is intended to provide funds for the country’s infrastructure projects.

The Finance Ministry has to finalize bond issuance criteria and receive government approval for them. The approximately 18,000 Palau citizens will be able to buy the bonds from the ministry using an app on their telephones. President of Palau Surangel Whipps Jr. said at the launch ceremony:

Read more

The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.

Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network describes as its “first step toward decentralization.” 

On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, according to an Oct. 8 blog post.

According to Scroll, “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”

Read more

A veteran trader says Bitcoin is following a “perfect script” that terminates with a potential $150,000 cycle high.  

Bitcoin (BTC) price is consolidating below its 2021 all-time high of $69,000, and independent trader Bob Loukas believes that the price is entering an “explosive” period of its four-year cycle. 

“Bitcoin closes the 2nd year of its 4-year cycle next month, entering the 3rd and historically explosive year of the Cycle,” Loukas noted in an Oct. 8 post on X. 

Loukas uses a four-year cycle to identify tops and bottoms in the Bitcoin market. The historical similarities could help investors identify when the market peaks in the current cycle. 

Read more

The DeSci movement continues to gain steam among industry insiders.

The world of science has a problem with too much centralization and not enough incentivization, at least according to supporters of the decentralized science (DeSci) movement.  

Among those supporters is Cardano co-founder Charles Hoskinson. The outspoken developer and CEO minced no words when he recently discussed the state of traditional scientific publishing, calling it “terribly broken.” 

Charles Hoskinson claims DeSci can solve the peer review problem in a post on X.com. Source: Charles Hoskinson

Read more

The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country.

Social media platform X will return to operation in Brazil within 24 hours, according to an Oct. 8 ruling by Justice Alexandre de Moraes.

The platform was blocked on Aug. 30 for failing to comply with Brazilian court orders related to an investigation into the spread of misinformation in the country.

“I hereby order the end of the suspension and authorize the immediate resumption of activities by X Brasil Internet Ltda. within the national territory. I also instruct Anatel (National Telecommunications Agency) to take the necessary steps to implement this measure, with a report to this Supreme Court within 24 (twenty-four) hours,” the Justice wrote in his translated ruling.

Read more

Memecoins are up today and have strongly outperformed the entire crypto market over the last month.

The recent recovery in cryptocurrency prices has seen the largest market caps memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF) record double-digit gains over the past month. 

First Neiro on Ethereum (NEIRO), a new memecoin deployed on the Ethereum network in late July, rallied the most, gaining over 3,330% over the last 30 days and 63% over the past week. It has added 13% to its value over the last 24 hours. Popcat (POPCAT) followed with a 137% monthly gain, and Mog Coin (MOG) came in third after climbing 102% in the same period.

Performance of top meme tokens by market capitalization. Source: CoinMarketCap

Read more

Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request.

Brazilian authorities could soon lift the ban on Elon Musk’s social media platform X after the company paid 28.6 million Brazilian reais (approximately $5.5 million) in fines.

According to local media reports, on Oct. 7 X cleared the latest requirement on its path to returning online. In late August, Brazil’s Supreme Federal Court suspended X for failing to comply with orders related to an investigation into the spread of misinformation in the country.

The final payment was confirmed after a series of unusual events. On Oct. 4, the funds related to the penalties imposed by Justice Alexandre de Moraes for irregularities on the social network were mistakenly deposited into the wrong bank account. Last Monday, the proceeds paid by Musk’s satellite company, Starlink, were transferred to the correct account.

Read more

The latest Cointelegraph video explores one of the most dangerous crypto scams, “pig butchering,” by sharing some of the victims’ real stories. 

Replying to a stranger’s message online could be the first step toward losing most of your life savings in a “pig butchering scam,” one of the most widespread types of scams involving cryptocurrencies and conventional fiat money. 

More than $75 billion was stolen worldwide through this type of scam, according to a recent University of Texas at Austin study.

In our latest video, we dive into this alarming trend, sharing the real-life stories of Daniel and Jose, two individuals who were targeted by scammers and suffered significant financial losses that left lasting impacts on their lives.

Read more

Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.

Bitcoin (BTC) dropped briefly below $62,000 after reaching an Oct. 7 high of $64,448. Although the weekly open had restorted traders’ hopes for a bullish October, today’s pullback to $62,000 signals that bulls are not in control just yet.

Bitcoin 1-hour chart. Source: Trading View

Data from CryptoQuant highlights that the Coinbase premium has remained largely negative since the beginning of October, illustrating a lack of demand from Coinbase traders.

Read more