Fhenix, an Ethereum-based blockchain, has closed a $7 million seed round to fund the development of its confidential network, which utilizes fully homomorphic encryption (FHE) to ensure privacy during transactions and smart contract implementations, addressing one of the major challenges in the blockchain space.
The Lumerin Hashpower Marketplace on the Arbitrum network allows Bitcoin miners to trade mining power, enabling buyers to increase their chances of earning Bitcoin rewards without purchasing expensive equipment.
Foundry's Kevin Zhang, a veteran bitcoin miner, believes that the upcoming halving event in 2024, which will cut the mining reward in half, will be a significant test for miners, but remains confident that with proper strategies, the industry will survive and bounce back stronger. Texas has emerged as the crypto capital of the United States, attracting miners due to its abundant clean energy and supportive regulatory environment.
The IRS's proposed rule requiring newly designated brokers to report sales and exchanges of digital assets could have catastrophic consequences, killing crypto and decentralized finance (DeFi) in the United States by creating unworkable reporting requirements and hindering innovation in the blockchain technology industry.
Crypto exchange Kraken has obtained a virtual asset service provider registration in Spain and an e-money institution license in Ireland, allowing it to offer various services across Europe. Kraken is expanding its operations in response to the EU's regulatory approach to crypto.
Venture capitalist Tim Draper believes that the prospects of a Bitcoin ETF are unlikely until Nikki Haley is elected president, citing a potential lack of understanding and outdated views within the current government.
Coinbase's blockchain, Base, has quickly become a major player in the Ethereum-based layer-2 chain space, hosting numerous decentralized projects and seeing a high volume of transactions and new addresses, with the goal of bringing a billion users on-chain within this decade. The company aims to drive mainstream adoption by reducing costs, improving user experience, and developing better identity infrastructure, and believes that blockchain technology is moving from a speculative phase to one focused on utility for everyday people.
Taiwan's Financial Supervisory Commission (FSC) has issued new rules and guidelines to protect cryptocurrency investors, including separating exchange treasury assets from customer assets and requiring foreign virtual asset service providers to obtain necessary approvals to operate in the country.
Bitcoin and other cryptocurrencies are experiencing a slight increase, but the surging bond yields are causing pressure on digital assets as investors consider the impact of interest rates and Federal Reserve policies.
Stablecoin issuer Circle has partnered with the Stellar Development Foundation to launch its EURC fiat-backed stablecoin on the Stellar network, aiming to enhance financial inclusion and provide mobile-first, low-cost payment solutions, especially for individuals without traditional banking services. The collaboration will also support humanitarian aid distribution.
AnchorWatch, an insurer that covers commercial entities holding Bitcoin, has raised $3 million in funding to deliver its Trident Vault software, a protocol native custody solution backed by regulated high-quality insurance. The software aims to provide superior collaborative custody for commercial use and integrate dispersed workflows for remote teams, bringing compliance and governance on-chain.
Decentralized finance (DeFi) derivatives ecosystem Avantis Labs has raised $4 million in a seed funding round led by Pantera Capital to grow its flagship product Avantis, a perpetual-trading and market-making protocol that aims to enable forex and commodities to be hedged and traded on-chain without the need for tokenization, with plans to expand its capabilities beyond perpetual trading to include options trading in the future.
Chase is banning crypto-linked payments for U.K. clients starting Oct. 16 due to concerns about fraud and is urging customers to use alternative banking services to invest in cryptocurrencies.
Coinbase registers with Spain's central bank for crypto services, FTX founder requests temporary release from jail, and JPMorgan CEO warns of the potential negative impact of rising U.S. interest rates.
The Shanghai No.2 Intermediate People's Court in China has recognized Bitcoin as a unique and non-replicable digital asset with scarcity and inherent value, giving it more legitimacy despite the country's blanket ban on cryptocurrencies.
The leaked information about a possible executive order by U.S. President Joe Biden on artificial intelligence is causing concern in the bitcoin and crypto industry, as it could have spillover effects on the market.
Several cryptocurrency platforms on CoinMarketCap have been misleading their customers about holding certain crypto licenses, including Bitspay, a crypto exchange that erased its reportedly fake license data after being questioned about it by Cointelegraph. Despite reporting a $1.4 billion daily trading volume, Bitspay was found to not hold a valid license in Estonia as it claimed. This investigation highlights the issue of self-reported data on cryptocurrency platforms.
Ether (ETH) is showing positive prospects as a technical analysis indicator suggests a bullish signal, with a counter-trend buy signal indicating support at $1,580 will hold, despite other studies favoring a deeper price slide.
Bitcoin and other cryptocurrencies are seeing a slight increase, but they are still facing pressure due to rising bond yields and uncertainty over interest rates and Federal Reserve policy.
Crypto influencer Ben Armstrong was reportedly arrested while livestreaming outside his former business partner's house, alleging that his Lamborghini had been stolen, just weeks after being booted from the Bitboy Crypto brand and a failed bid to reclaim its namesake.
Global payments platform MoneyGram is launching a non-custodial wallet to facilitate funds transfers between fiat currency and the stablecoin USDC, while still emphasizing the importance of cash.
Former billionaire Sam Bankman-Fried's criminal trial on fraud charges will determine whether he knowingly embezzled money from his cryptocurrency exchange, FTX, or if he genuinely believed he was acting within the terms of service and the law.
Session, a decentralized messaging app, is revolutionizing the communication market by offering privacy, security, and data control to users through its robust, open-source platform, making it a frontrunner in the industry.
Former FTX CEO Sam Bankman-Fried is currently residing at the Metropolitan Detention Center, Brooklyn, where he is experiencing poor living conditions including slow internet, dirty quarters, and limited cafeteria options.
Ethereum is predicted to experience a surge in prices by the end of the year, with the leading smart contract protocol potentially reaching as high as $2,000, according to crypto strategist Inmortal, who also believes Bitcoin will rally back to its resistance at $27,300. Additionally, Inmortal is keeping a close watch on Radix (XRD) as it gears up for its mainnet launch of the Babylon upgrade.
The Ethereum staking industry has seen significant growth, with over $40 billion worth of staked assets and $1.6 billion in staking rewards, attracting institutional interest, but there are potential challenges ahead as adoption rates may slow down and concerns about dominance by leading staking provider Lido arise. However, the future of the Ethereum staking industry still appears promising, with increasing momentum and new opportunities for institutional investors and DeFi users.
Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has requested temporary release from jail to prepare for his trial, citing practical difficulties in preparing his defense and an overwhelming amount of case material.
The Dollar Strength Index (DXY) reached a 10-month high, indicating growing confidence in the USD compared to other fiat currencies; however, concerns about the surge in demand for the USD potentially impacting Bitcoin and cryptocurrencies are not necessarily interconnected.
Crypto influencer Ben Armstrong was arrested for loitering/prowling and simple assault after a confrontation with his former business partner, leading to a 30% drop in the value of his BEN tokens.
The crypto fund management business could see assets of up to $650 billion in five years due to the expected launch of spot-based bitcoin ETFs, according to a research report by broker Bernstein.
A prominent crypto venture capitalist names Bitcoin, Ethereum, Solana, Cosmos, and Celestia as the core blockchain networks in the digital asset space, each with its own defining characteristic.
Crypto lender Celsius has received approval from its creditors for a plan that would return 67%-85% of holdings, bringing the company closer to the end of its bankruptcy and the return of funds to customers.
The global economy may not be prepared for a worst-case scenario of the US interest rate rising to 7% with stagflation, according to JPMorgan CEO Jamie Dimon, as increased rates and persistent inflation could have detrimental effects on the global economy.
Crypto influencer Ben "BitBoy" Armstrong has been arrested after livestreaming outside the house of a former business partner, accusing him of having his stolen Lamborghini.
Bitcoin Ordinals inventor Casey Rodarmor is proposing a new Bitcoin-based fungible token protocol called Runes as an alternative to the BRC-20 token standard, highlighting that Runes would not create as much "junk" on the Bitcoin network.
Crypto fatigue has set in as trading volume stagnates and attention shifts to AI, posing challenges for Coinbase, Bitcoin, and the wider crypto economy.
The price of Optimism's native OP token declined by 10% ahead of a planned token unlock, with $30 million worth of tokens set to be released onto the market.
Creditors of Celsius Network have voted in favor of a plan that will return $2 billion worth of Bitcoin and Ethereum to them, along with distributing equity through a new company.
Ethereum may experience a significant devaluation before reaching a bottom, according to a top trader who accurately predicted Bitcoin's bottom. The trader suggests that a massive sell-off event would be preferable to a slow decline for the ETH/BTC pair.
Crypto exchange Binance has reopened registrations and access to its products and services for Belgian users, three months after being ordered to cease cryptocurrency-related services by Belgium's finance regulator.
Bitwise has filed an amendment to its Bitcoin spot ETF application, arguing that the CME Bitcoin futures market is a "regulated market of significant size" and plays a crucial role in Bitcoin's price discovery, countering the SEC's argument against approving a Bitcoin ETF.
The U.S. SEC and Coinbase are in conflict over Celsius' request to use Coinbase as a distribution agent, with the SEC arguing that this would go beyond the scope of a distribution agent and involve brokerage and trading services; Coinbase's Chief Legal Officer questions why the SEC would object to a trusted US company taking on this role.
Bitcoin has been officially recognized as a unique digital currency by a Shanghai People's Court in China, despite the country's ban on cryptocurrencies, indicating a potential shift in legal positions related to ownership within the existing constraints.
Experts suggest that the crypto industry's most urgent needs, such as SEC decisions on ETF applications and progress in court cases, won't be entirely derailed by a potential government shutdown, although there may be temporary slowdowns and a halt to SEC enforcement against crypto firms. Federal courtrooms are expected to operate normally for a few weeks, and criminal trials will continue, but the progress of cryptocurrency legislation in Congress may be stalled. If the shutdown persists, it may have significant repercussions as unpaid employees leave and government offices exhaust their funds.
Investor Jordan Belfort, known as The Wolf of Wall Street, admits he was wrong about most cryptocurrencies being a scam but now believes in Bitcoin's lasting power.
Canadian police have raised concerns about the rising number of crypto scams, with a resident of Renfrew County losing $50,000 to scammers impersonating government agencies and the police, highlighting the need for caution when receiving calls about sensitive personal information or intercepted packages.
Bitcoin is showing strong on-chain activity with record-high numbers of HODLers and transactions, but its economic value is significantly low due to global liquidity contraction, according to crypto market analyst Jamie Coutts.
Libbitcoinkernel is an ongoing project aimed at untangling Bitcoin's code to make it easier for developers to experiment with changes, potentially leading to faster development of new features and improvements for users.
The Federal Reserve has released a paper discussing the benefits of tokenizing real-world assets on blockchains, stating that it has the potential to provide access to otherwise inaccessible markets and improve liquidity.
Hong Kong-based cryptocurrency firm Mixin Network has halted all deposit and withdrawal services following a hack that resulted in the theft of approximately $200m in funds; investigations are ongoing and the company has promised to reopen services once vulnerabilities are fixed and a solution for lost assets is announced. The incident highlights the vulnerabilities in open-source banking, according to James McQuiggan, a security awareness advocate at KnowBe4.