Quick Look
The UAE Exempts Crypto Transactions from VAT
The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but...
SEC Flags Risks in Crypto and Emerging Tech Investment Scams
The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other...
FTX to fully repay investors after bankruptcy plan receives judge approval
FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200...
Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing
The silver market is facing a multi-year deficit product of the extraction dynamics and the increase in the metal’s demand....
Japan’s Metaplanet buys $7M Bitcoin, now holds to $40.5M BTC
Metaplanet boosts Bitcoin holdings to 639.5 BTC as of Oct. 7. The company’s stock price has surged 11%, with a 544% year-to-date...
Google Trends Shows Soaring Interest in Satoshi Nakamoto Ahead of HBO’s ‘Money Electric’
On Wednesday, Oct. 9, 2024, HBO is set to premiere a documentary titled “Money Electric,” which reportedly claims to...
Infinex integrates Wormhole to power multi-chain DeFi app
Infinex is integrating Wormhole Connect for multi-chain in-app token transfers for its users. The DeFi platform will also use...
Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of...
National Bank of Bahrain launches a Bitcoin investment fund
The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to...
Crypto All-Stars Presale Raises $2M in Under Two Months – Best Meme Coin to Buy?
It’s rare for a new project to grab attention like Crypto All-Stars (STARS) has. This staking platform has quickly made a...
Polymarket prediction data shows Trump taking the lead over Harris
Polymarket shows Trump leading the race; however, other betting trackers show Harris still in the lead The Republicans have seen...
Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term Correction
Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade...
21.co taps Crypto.com to enhance Bitcoin liquidity for 21BTC
21.co and Crypto.com announced a strategic partnership aimed at bolstering liquidity for the wrapped Bitcoin token 21BTC. The...
New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes
New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent...
Australians considered “easy prey” for crypto scam call centers
Call centers avoid targeting Americans because they didn’t want the FBI after them Australians are targeted because the AFP is less...
Vitalik Buterin Shows Support for Tornado Cash Developer With Additional 100 ETH Donation
Ethereum co-founder Vitalik Buterin has demonstrated his continued support for Tornado Cash developer Roman Storm by donating an...
Unlocking Bitcoin’s Future: GoBTC Foundation’s Jeremy Dreier on the Crucial Role of Onchain Growth
GoBTC Foundation supports innovative Layer 1 and Layer 2 projects to grow the Bitcoin onchain ecosystem. By providing investment,...
Tether to release documentary on its mission to bring financial freedom on 10th anniversary
Tether is building a financial tool for the “people left behind” The stablecoin was created in 2014 by Brock Pierce, Reeve Collins,...
L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks....
What Is the Fantom Crypto Sonic Upgrade?
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the...
Latam Insights: Bukele Offers Bitcoin Advice to Argentina, Uruguay Passes Crypto Law
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this...
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and...
Crypto Fraud Ring Dismantled by Vietnamese Authorities
Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency...
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in...
Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform
The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The...
Swift to Pilot Digital Asset and Currency Transactions in 2025
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and...
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in...
Discovering the Creator-Driven World of Nifty Island
In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable...
Kraken Launches Regulated Derivatives Platform in Bermuda
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F...
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously...
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for...
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong...
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the...
Lego’s Website Hacked to Promote ‘Lego Coin’ Crypto Scam
Lego’s website was hacked to display an unauthorized cryptocurrency ad promoting a fake “Lego coin.” The ad...
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to...
Coinbase to Delist USDT in Europe Amid New EU Regulations
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European...
Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his...
DMCC and CVVC Partner to Drive Web3 Innovation
The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have...
Last Week Featured Bullish Continuation
This editorial is from last week’s newsletter, Week in Review, with some slight tweaks to dates so the article makes sense....
AI Powerhouse Openai Raises $6.6B Achieving a $157B Valuation
AI startup Openai reported closing a funding round led by Thrive Capital and the participation of other tech companies like...
Spellborne’s Side Quests Take Center Stage
Having completed the main quests of Season 1, Regina returns to the captivating world of Spellborne to tackle the latest side...
Crypto Ponzi Leader Receives 121-Month Prison Sentence
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding...
Paypal Completes First Corporate Transaction Using PYUSD Stablecoin
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD...
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which...
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions...
Zimbabwe Injects $50 Million to Bolster Devalued Currency
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system....
Nigeria Introduces System to Boost Forex Market Transparency
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange...
DC Circuit Court Rules Kalshi’s US Election Bets Legal
This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi,...
Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City
Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the vibrant city of...
Sky Reports Over 1 Billion USDS Minted Since August Rebrand
It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the...
Who Is Satoshi Nakamoto? 8 AI Chatbots Take Their Best Guess Ahead of HBO Documentary
Just recently, reports surfaced about an upcoming HBO documentary titled “Money Electric,” which promises to unmask the...
Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and...
Zero-Knowledge Virtual Machines Key to Ethereum Growth, Says Hashkey Capital
Hashkey Capital, one of Asia’s largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector...
This Week’s NFT Sales See 10% Growth After Difficult September
Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared...
BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million....
New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case
The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded...
Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies...
Nigeria to Launch $1.5M Initiative to Boost AI Development
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative...
4 Arrests, Sanctions Follow Global Operation Against Lockbit Group
Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests...
Shiba Inu and Rexas Finance grab eyeballs with strong performances, is now still a good time to buy?
As we head towards the end of the year, the cryptocurrency market is still demanding attention with a lot of exciting activities...
FBI Warns of Ichcoin Targeting American Crypto Investors
The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is...
Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed...
UK Finance Publishes Report on Successful Regulated Liability Network
The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the...
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the...
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud....
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst...
Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East....
Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years
Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the...
Coinbase to delist non-compliant EU stablecoins under new MiCA regulations
The EU’s MiCA was introduced in June, but won’t take effect until December Coinbase will deliver an update to its EU customers in...
BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally
At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left...
BOB Announces Integration of One-Click Bitcoin Staking on Everstake Platform
BOB, also known as “Build on Bitcoin,” has partnered with blockchain service provider Everstake to introduce a...
Analyst: 13 of the Top 25 ETFs Launched in 2024 Are Bitcoin or Ether-Related
Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional...
Moongate Launches New Rewards Program and NFT Collection
Hong Kong, Hong Kong, October 4th, 2024, Chainwire Moongate Protocol, an attention asset protocol disrupting the $1 trillion-plus...
Scroll.Bet: A Pioneering Crypto Telegram Casino With Dual Licenses and Native Token Profit Sharing
PRESS RELEASE. Scroll.Bet stands out as one of the few Telegram-based casinos worldwide, operating under two gaming licenses—one...
Polymarket Bettors Place Their Wagers: Will HBO Reveal Satoshi Nakamoto?
After the announcement that Satoshi Nakamoto’s true identity could be unmasked next week in an HBO documentary, Polymarket...
IMF recommends El Salvador to limit the public’s exposure to Bitcoin
The IMF wants El Salvador to limit “public sector exposure to Bitcoin” The financial agency’s remarks follow an August statement,...
Spot ETH and BTC ETFs Hit by Withdrawals, Losing $54.13M and $3.2M Respectively
The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday....
0G transforms into the world’s first Decentralized AI Operating System (dAIOS)
0G has transitioned into a Decentralized AI Operating System (dAIOS). Initially, OG was a leading modular AI blockchain. 0G aims to...
From $37B to $24.5B: DAO Treasuries Experience Significant Downturn
In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by...
First Telegram ICO Dogizen goes live, quickly hits $100k
Dogizen, the tap-to-earn game that’s attracting huge attention from the gaming community, has launched its highly anticipated...
Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to...
Alabama grants Transak a Money Transmitter License (MTL)
Transak secures its first Money Transmitter License (MTL) in Alabama. The license boosts security, speed, and compliance for US...
Nubank Lowers Cryptocurrency Trading Fees
Nubank, the Latam-focused fintech company, recently lowered its cryptocurrency trading fees from 0.8% to 0.6% for each transaction...
Certik: Malicious Actors Stole $753 Million in Q3, Phishing Top Attack Vector
Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes...
HBO Documentary Claims to Reveal the True Identity of Bitcoin’s Creator Satoshi Nakamoto
According to a Politico report, a new HBO documentary claims to have cracked the mystery behind Bitcoin’s elusive creator,...
All-Women AI PhD Program Launches in Africa
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over...
Russia-Based Evil Corp Faces New US Sanctions
The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown...
DOJ Charges 21-Year-Old in $37M Cyber Intrusion and Crypto Heist
A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of...
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in...
Elon Musk: America Is Headed for Bankruptcy
Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to...