Most Crypto Scams on BNB Chain, Solidus Labs Says
Crypto risk monitoring platform says it has flagged nearly 200,000 crypto rug pulls and decentralized finance scams since August 2020.
Crypto
Crowdfunding Platform StartEngine to Acquire Rival SeedInvest From Circle
StartEngine CEO Howard Marks says security token efforts will continue on the combined platform.
A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance
Some serious withdrawals are occurring at the world’s biggest crypto exchange by volume.
Bitcoin Is the Song That Does Not End
Bitcoin prices have fallen, but user interest and developer activity remain as strong as ever.
First Mover Americas: It’s a DOGE Day as Elon Musk Close to Completing Twitter Deal
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 27, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
U.S. GDP Expands 2.6% in Third Quarter, Faster Than Expected; Bitcoin Steady
Any growth in gross domestic product might be negative for the bitcoin market, since the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets.
UK Stablecoin Rules Approved by Lawmaker Committee
Rishi Sunak’s government said it wants to “tentatively seize” crypto opportunities as it prepares to widen the regulatory net
Coinbase Says Reddit’s Success Highlights the Potential for NFTs
Reddit non-fungible-tokens are booming despite the bear market, the report said.
Silicon Valley tech CEOs are not big fans of metaverses
Disney’s CEO said the company doesn’t tend to use the word metaverse, as it believes it’s a very broad term.
Kazakhstan to Test National Digital Currency on BNB Chain, Binance CEO Zhao Says
The country’s central bank has been testing a central bank digital currency since 2021.
Crypto Trading Firm PGI Dissolved in UK After Alleged Scam
PGI Global UK has been shut down after allegedly scamming would-be investors of around $709,000 between July 2020 and February 2021.
Bear Market Didn’t Slow Institutional Interest in Crypto, Says Fidelity Survey
The fourth annual study showed that 74% of institutional investors want to purchase crypto in the future
Crypto Platform Team Finance Suffers $14.5M Exploit
The platform has paused all activity till the exploit has been mitigated.
As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August
The latest bounce could have legs as the market seems to have moved past the Summer gloom and doom and miners have slowed coin sales amid positive macro developments.
Core Scientific to Suspend Payments as Cash Dwindles
The world’s largest bitcoin miner said in a filing that it will not make payments that are due in the next few days.
ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
The employee-led DAO will take charge of issuing grants to external developers building within the MetaMask ecosystem.
Kazakhstan to build central bank digital currency on BNB Chain
Officials in Kazakhstan continue their close relationship with Binance, as the National Bank plans to integrate its CBDC on the BNB Chain.
Hong Kong to Make Retail Crypto Trading Legal: Report
Hong Kong plans to legalize retail trading of cryptocurrency as a means of becoming a crypto hub, Bloomberg reported Thursday.
Crypto Exchange FTX Is Working on Creating a Stablecoin: Report
Cryptocurrency exchange FTX is working on developing and issuing a stablecoin, CEO Sam Bankman-Fried said in an interview with The Big Whale.
NFT vending machine to make digital art more accessible at London event
Proceeds from the NFT vending machine at this year’s NFT.London event will be donated to charity.
Crypto Predictions Site Polymarket Foresees Republicans Winning Both Senate and House
Cryptocurrency predictions site Polymarket is giving an overall 64% chance to Republicans for taking control of Congress indicating Democrats could be in for a rude shock.
Crypto investment firm Q9 gets provisional approval to operate in Dubai
The Hong Kong-based company will join the likes of Binance, Crypto.com, OKX and FTS, who’ve also opened offices in the UAE.
DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations
The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.”
Phishing scammer Monkey Drainer has pilfered as much as $1M in Ethereum
Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these accounts.
Equifax—known for huge data breach—is building a Web3 KYC solution
Equifax, which suffered a huge data breach in 2017, has partnered with privacy-centric blockchain company Oasis Labs for a decentralized ID offering for Web3 companies.
Asset management firm launches BTC Lightning Network startup accelerator
The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program.
Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen.
Metaverse losses top $3.6B for Meta with spending set to increase
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year.
Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”
Blockchain.com partners with Visa to offer crypto debit card
The launch of the new crypto debit card follows the announcement of similar products from FTX and BitOasis.