Author: Tony Pearce
Solana’s TVL Hits Yearly High
Reading Time: < 1 minute The total locked value (TVL) on the Solana blockchain yesterday surpassed $339 million, marking the highest amount since November 2022.
Shutdown Fears Stimulate Investments in Crypto Funds: Report
Reading Time: < 1 minute From September 23 to September 29, there was an increase in investments in cryptocurrency products due to concern about a potential US government shutdown.
Bernstein Analysts Predict Cryptos’ Legalization Will Be Completed in 5 Years
Reading Time: < 1 minute According to forecasts from Bernstein, the crypto market will likely be legalized in most countries around the world in the next five years.
Kraken to Offer IT Stock Trading
Reading Time: < 1 minute In response to declining interest from investors in the cryptocurrency market, Kraken has announced plans to bolster its financial standing by launching trading for shares of IT companies.
Binance in Vulnerable Position Due to Regulatory Pressure in US: WSJ
Reading Time: < 1 minute The Wall Street Journal has reported that Binance is facing pressure from US regulators, leading to its vulnerability.
BlockFi Receives Approval to Implement Liquidation Plan
Reading Time: < 1 minute The bankruptcy proceedings for BlockFi, a crypto lending platform, have been granted court approval to move forward with their plan to cease operations.
Ordinals Creator Introduces Alternative to BRC-20 Standard
Reading Time: < 1 minute The creator of Ordinals has stated that a new standard for fungible Runes tokens would not result in as much unwanted clutter on the Bitcoin network as BRC-20 did.
US Sanctions Ethereum Wallet Linked to Sinaloa Cartel
Reading Time: < 1 minute The US Treasury Department’s Office of Foreign Assets Control (OFAC) has taken action against Jimenez Castro, a member of the Mexican Sinaloa drug cartel, by imposing sanctions on him.
Coinbase’s BTC Holdings Amount to Almost $1M
Reading Time: < 1 minute Coinbase is reported to hold approximately 5% of the current Bitcoin market supply.
Tim Draper Creates Accelerator to Support Crypto Startups
Reading Time: < 1 minute Tim Draper, a well-known investor and billionaire, has recently introduced Draper Goren Blockchain (DGB), a “venture studio” focused on driving innovation in the realm of decentralized finance through early-stage funding for crypto projects.
Bitcoin Could Reduce Methane Emissions by 8%: Report
Reading Time: < 1 minute Bitcoin has the potential to contribute to the global energy transition and decrease the emission of harmful pollutants.
MarketAcross and Turingum Will Help Bridge Japanese and Global Web3 Ecosystems
Reading Time: < 1 minute MarketAcross has announced it has joined forces with Turingum, a Japanese Web3 technology company focusing on tokenomics design, DeFi and smart contract development.
Robert Kiyosaki Calls Investors to Buy BTC and Precious Metals
Reading Time: < 1 minute According to financial expert Robert Kiyosaki, the safest assets during times of global economic uncertainty are Bitcoin, gold, and silver.
Crypto Exchange CoinEx Resumes Operations
Reading Time: < 1 minute Starting from September 21, users will once again be able to deposit and withdraw funds on the trading platform.
Jeremy Allaire Believes US Will Not Launch a Stablecoin Law in Short Term
Reading Time: < 1 minute In late 2022, Circle CEO Jeremy Allaire urged the US Congress to prioritize the creation of legislation for stablecoins.
Paxos Unveils Data on PYUSD Reserves
Reading Time: < 1 minute As of August 31, there are currently 44.4 million PYUSD in circulation, which are backed by US Treasuries.
North Korean Hackers Steal $340M in Crypto in 2023
Reading Time: < 1 minute TRM Labs has reported in August that North Korean cybercriminals had stolen around $2 billion in digital currencies since 2018.
Bybit Considering Leaving the UK’s Market Due to Regulatory Pressure
Reading Time: < 1 minute The CEO of Bybit, Ben Zhou, has noted that the company may be forced to leave the British market.
Brad Garlinghouse Says US is Worst Country for Crypto Companies
Reading Time: < 1 minute Ripple CEO Brad Garlinghouse has reiterated his earlier claim that crypto companies are facing repressiveness in the US due to the harsh policies of the authorities.
Lazarus Hackers Might Be Behind CoinEx’s $55 Million Attack
Reading Time: < 1 minute Experts from SlowMist have surmised that the Lazarus Group may be responsible for the attack on CoinEx.
Gary Gensler: The SEC Seeks to Regulate Crypto
Reading Time: < 1 minute Gary Gensler has stated in a Senate Banking Committee hearing that the majority of cryptocurrencies are regarded as securities and fall under the SEC’s jurisdiction.
MetaMask Starts Tests of Cross-chain Project Snaps
Reading Time: < 1 minute MetaMask have begun open beta testing of their Snaps protocol, which expands their non-custodial wallet application beyond EVM networks.
Animoca Brands Attracts $20M for Mocaverse Metaverse
Reading Time: < 1 minute An additional round of $20 million in common stock has been raised by Animoca Brands, a Hong Kong based blockchain gaming operator, for the Mocaverse metaverse project.
Accused of Organizing $27M Crypto Fraud Are Arrested in Thailand
Reading Time: < 1 minute Over 3,280 victims were deceived by the bchgloballtd.com platform which is suspected of being involved in gold and USDT stablecoin investment frauds.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minute JPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
