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news-imageNovember 1, 2024

'It Would Make No Sense To Fall Behind': Why Institutions Are Embracing Blockchain Says Expert

Major financial institutions, including BlackRock and PayPal, increasingly invest in blockchain technology. This growing interest shapes the cryptocurrency market in new ways, but it also raises questions about the future of crypto's core principles.
Publisher: Benzinga
Sentiment: Positive
General

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Positive
cover-imageCrypto Reporter
November 1, 2024

A Detailed Look at the Top 4 Web3 Wallets for Streamlined Digital Asset Handling

As Web3 technologies gain momentum, the critical role of secure and user-friendly wallets becomes evident. These wallets act as portals to decentralized applications (dApps) and services, enabling users to manage digital assets, engage with smart contracts, and participate in the burgeoning decentralized economy.

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Negative
cover-imageCryptoSlate
November 1, 2024

UAE's M2 crypto exchange hacked for $13.7M, assures full fund recovery

M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M.

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Negative
cover-imageBitcoin
November 1, 2024

October Sees Lower NFT Sales Volume With Few Collections Standing Out

After a downtrodden September, non-fungible token (NFT) sales dropped further in October, totaling $361 million—a 36% decrease. NFT Sales Fall 36% in October, Totaling $361 Million NFT sales in October didn't quite bounce back, showing a 36% decline after September's 47.9% dip. The month saw around $361.

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Neutral
cover-imageCrypto news
November 1, 2024

CZ talks about making friends in prison in new interview

Former Binance CEO Changpeng ‘CZ' Zhao shared insights on life in prison and the future of crypto in his first public interview since his release. At Binance Blockchain Week in Dubai on Oct.

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Positive
cover-imageCrypto Economy
November 1, 2024

Paxos Launches USDG Stablecoin Fully Backed by USD Reserves

TL;DR Paxos launched the Global Dollar (USDG) stablecoin, fully backed by USD reserves, in collaboration with Singapore's DBS Bank, complying with the Monetary Authority of Singapore's regulatory framework.

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Neutral
cover-imageCryptonews
November 1, 2024

Kraken Appoints Former Dapper Labs CFO, Stephanie Lemmerman

Kraken has appointed Stephanie Lemmerman, former CFO of Dapper Labs, as its new Chief Financial Officer, succeeding Carrie Dolan, to enhance the exchange's financial strategy amid ongoing restructuring and workforce reductions. The post Kraken Appoints Former Dapper Labs CFO, Stephanie Lemmerman appeared first on Cryptonews.

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Negative
cover-imageCrypto news
November 1, 2024

Crypto exchange M2 ‘resolves' $13.7m incident after hack reports

Abu Dhabi-based cryptocurrency exchange M2 claims it has resolved a $13.7 million incident after allegedly falling victim to a hacker attack. Cryptocurrency exchange M2, co-founded by Bijan Alizadeh Fard and Stefan Kimmel, has suffered a “cybersecurity incident involving $13.

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Negative
cover-imageBitcoinist
November 1, 2024

US Loses Ground: Asia Tops Crypto Developer Share By Region – Report

A recent report revealed North America is losing ground to other regions in a key sector. The continent, led by the US, was dethroned as the largest hub for crypto developers after recording a sharp decline in its developer's share over the past decade.

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Positive
cover-imageCrypto Daily
November 1, 2024

Last chance to get into top altcoins?

Bitcoin (BTC) is bouncing after a confirmation of the major $69,000 horizontal support. Is this the last chance to get into altcoins before crypto potentially explodes?

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Positive
cover-imageCrypto Economy
November 1, 2024

Spacecoin XYZ Unveils Plans for a Blockchain Network in Space

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.

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Positive
cover-imageAltcoin Buzz
November 1, 2024

Spacecoin XYZ Launches First Blockchain Network in Space

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.

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Neutral
cover-imageBenzinga
November 1, 2024

Who Will Replace Gary Gensler? The Top Candidates For SEC Chair After The Election

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.

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Positive
cover-imageCryptonews
November 1, 2024

Paxos Launches USDG Stablecoin in Singapore Compliant to Regulatory Framework

Paxos has launched its Global Dollar (USDG) stablecoin in Singapore, fully compliant with the Monetary Authority of Singapore's regulations, aiming to enhance enterprise adoption of stablecoins while ensuring robust liquidity and regulatory adherence. The post Paxos Launches USDG Stablecoin in Singapore Compliant to Regulatory Framework appeared first on Cryptonews.

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Neutral
cover-imageBitcoinist
November 1, 2024

CZ Breaks Silence: Binance Former CEO Returns After 4 Months Behind Bars

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.

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Positive
cover-imageAltcoin Buzz
November 1, 2024

Paxos Launches USDG: A New Stablecoin Backed by DBS Bank

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.

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Positive
cover-imageBitcoin
November 1, 2024

Franklin Templeton Integrates Tokenized Fund on Base

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.

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Negative
cover-imageBlockonomi
November 1, 2024

MyTrade Founder Pleads Guilty in Crypto Manipulation Case

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.

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Negative
cover-imageBlockonomi
November 1, 2024

UK Regulatory Framework for Crypto Firms Remains Stringent

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.

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