TL;DR Spacecoin XYZ plans to launch the first-ever blockchain network in outer space, using a fleet of nanosatellites to establish a decentralized physical infrastructure network (DePIN). The blockchain system will leverage an Iridium distributed network of satellites, making it resistant to denial-of-service (DoS) attacks and censorship attempts, ensuring high security and reliability.

This network aims to build a foundation for off-world data centers and a future space economy. The team at Spacecoin XYZ, a startup that uses satellites, believes their new method for launching a blockchain network could change how we think about commerce in space, possibly even surviving an apocalypse.

The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago.

As the U.S. presidential election approaches, speculation has intensified over potential successors to Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC). Gensler, appointed by President Joe Biden in 2021, has faced criticism for his stringent regulatory stance, particularly concerning cryptocurrency markets.

The new stablecoin is designed to be compliant with the upcoming regulatory framework from the Monetary Authority of Singapore.

Bankrupt crypto exchange FTX has reached settlement agreements with Evolve Bank and Silicon Valley Community Foundation (SVCF) that could enable it to recover up to $21 million in assets. According to Oct. 30 court filings, these settlements still require court approval, with a hearing set for Nov. 20.

Law enforcement has been gunning for SBF and Nishad Singh's testimony turned out to be useful.

Changpeng Zhao, the former CEO of Binance, the world's largest cryptocurrency exchange by trading volume, made his anticipated return to the public eye at the Binance Blockchain Week in Dubai on Wednesday. This appearance marks his first since serving four months in prison, which has reshaped his outlook on life and leadership.

A recent research report by Coincub and Blockpit highlights how varying tax policies, from zero taxes in the UAE to high rates in the U.S., shape crypto investment strategies.

A recent study by Electric Capital reveals that the proportion of crypto developers in the US has significantly decreased over the past decade.

The co-founder and former CEO of Binance, Changpeng Zhao (CZ), has published a selfie from a recently attended crypto event.

This special type of digital money is designed to be as stable as the U.S. dollar. The exciting part about USDG is that it's backed by real U.S. dollars, which means you can trust its value.

Franklin Templeton, one of the world's largest investment managers, has announced that it has integrated Benji, a blockchain-integrated record-keeping system, on top of Base, a Coinbase-incubated Ethereum rollup. According to the institution, this move makes it the first organization to build a tokenized fund on top of Base.

MyTrade founder Liu Zhou has pleaded guilty to orchestrating a massive crypto market manipulation scheme using wash trading bots, facing up to five years in prison for creating millions of fraudulent daily transactions that artificially inflated trading volumes.

Crypto.com is making significant strides in expanding its U.S. operations with the acquisition of Watchdog Capital LLC, a broker-dealer registered with the SEC.

The UK's Financial Conduct Authority maintains its strict regulatory standards for digital currency firms despite industry pushback, requiring comprehensive compliance with AML/CFT rules, consumer protection measures, and operational resilience standards.

Crypto startup Spacecoin XYZ announced plans to launch the first blockchain network in outer space using a fleet of nanosatellites. According to a Spacecoin XYZ's whitepaper published on Nov.

A mode of betting somewhat different from that of other platforms.

Paxos has launched USDG, a new dollar-pegged stablecoin managed by DBS Bank and designed to comply with Singapore's upcoming regulatory framework, initially available on Ethereum with plans for multi-chain expansion.

Dutch Central Bank fines cryptocurrency exchange Bybit $2.45 million for operating without proper registration while violating anti-money laundering requirements.

Two Abu Dhabi firms, Realize and Neovision Wealth Management, have launched a fund that tokenizes U.S. Treasury bill exchange-traded funds. The fund aims to attract investors from the Gulf, Europe, and Southeast Asia.

Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.

Paxos introduces USDG, a US dollar-backed stablecoin, compliant with Singapore's MAS framework. Partnering with DBS Bank for secure reserve management, USDG aims to enhance global stablecoin adoption.

New trading opportunities: futures on silver (SLR) and Stellar (XLM) regulated by the CFTC are coming.

PeckShield reports that October saw nearly 20 crypto hacks, leading to around $88.4 million in losses, with the top incident affecting Radiant Capital.

Russia's crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.

Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS' upcoming stablecoin framework.

The U.S District Court in Manhattan has ruled the Citadel Securities' lawsuit accusing crypto-trading startup Portofino of stealing the firm's trade secrets can largely proceed. According to a court filing on Oct.

With the sudden crash in the crypto market, weekly gains are starting to evaporate. In the past 24 hours, the crypto market has witnessed a massive liquidation of $289 million, an increase of 172%. The bulls have suffered mostly in this liquidation phase, with a wipeout of $258 million.

Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore's MAS framework.

In the last 15 years, the crypto trading industry has grown from $0 to $2.43 trillion. This journey has attracted millions of investors and cryptocurrencies to build it among the top financial markets in the world.

Florida's Chief Financial Officer, Jimmy Patronis, has expressed optimism about the potential for the state's cryptocurrency investments to expand, particularly if Donald Trump is elected president again. Currently, Florida has approximately $800 million invested in crypto-related assets, and Patronis believes that this amount could increase significantly.

Franklin Templeton, a prominent asset management firm, has introduced its OnChain U.S. Government Money Market Fund on Coinbase's layer-2 blockchain, Base.

The new survey by the crypto-exchange BITmarkets on the community.

Former BitMEX CEO Arthur Hayes challenges conventional wisdom regarding Donald Trump and his purported influence on the crypto market. In an interview with Channel News Asia, he states that the outcome of the U.S. presidential elections will have only a limited impact on the future of digital assets, pointing instead to China as the major catalyst for the upcoming bull cycle.

In a recent interview with CNBC, Florida's Chief Financial Officer, Jimmy Patronis, outlined the state's increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset.

In today's digital world, customer loyalty programs have experienced a major evolution. These loyalty programs help businesses with customer retention and rewarding long-term customers, and technology plays a significant part in making them effective.

Patronis hit out at crypto skeptics during a CNBC interview on Thursday, saying that those not paying attention to crypto were making a “mistake” and suggesting that Miami could become the “crypto capital of the world”.

According to the latest report from blockchain security firm Immunefi, the cryptocurrency sector will face persistent challenges with hacks and scams in 2024. The report highlights that although exploit losses have decreased monthly, the industry has seen more than $1.4 billion lost to 179 hacks and scams this year.

The Blockchain Association reported that digital asset firms spent over $426 million on litigation against the SEC since Gary Gensler became chair.

The new stablecoin complies with Singapore's upcoming framework. Initially, it will be available on the Ethereum blockchain, with plans to extend to other blockchains.

Centralized cryptocurrency exchange, Kraken, is launching its own blockchain network, Ink, next year, hoping to attract more people to the decentralized finance (DeFi) space. According to Kraken, the Ethereum Layer 2 (L2) blockchain will have a full mainnet launch for retail and institutional users in the first quarter of 2025.

Spacecoin XYZ has unveiled its plan to launch a decentralized physical infrastructure network in outer space, which it believes will be the foundation for off-world data centers and the space economy.

Arkham Intelligence announces integration with Phantom Wallet, allowing users to track their holdings and transactions directly on the Arkham platform.

Gotbit founder was involved in “a wide-ranging conspiracy” to manipulate crypto markets on behalf of client companies. The post Crypto ‘Market Maker' Gotbit Founder Faces Wire Fraud Charges appeared first on Cryptonews.

Coinbase has committed to donating $25 million to Fairshake, a crypto PAC funded by crypto-linked companies that supports the aspirations of crypto-friendly candidates. The move was criticized by contrarians who alleged Coinbase's moves are illegal under U.S. laws. Coinbase Pledges $25 Million to Fairshake Crypto PAC Coinbase, the largest U.S.

Key Points: