Member companies of the Blockchain Association report that they have spent an estimated $426 million on defensive litigation fees amid the United States Securities and Exchange Commission's (SEC) regulation-by-enforcement approach to digital assets, a new report from the crypto trade association highlights. Republican nominee Donald Trump has vowed to fire Chair Gary Gensler if elected to the U.S. presidency next week. The post SEC Crypto Defendants Spent $426 Million In Legal Defense Fees, Blockchain Association Reveals In New Report appeared first on Cryptonews.

The advocacy group called for crypto voters to support a change in leadership at the SEC, given Gary Gensler's “regulation by enforcement” approach since 2021.

Local reports show that crypto transactions in South Korea have surged to record highs. In the first half of this year, 7.78 million domestic virtual asset investors were active, reflecting a 21% increase from 2023.

Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States.

Victoria Police have seized $142,679 in cryptocurrency as part of a drug trafficking investigation, marking the first successful confiscation under new powers granted by amendments to the Confiscation Act 1997. The post Australian Police's New Powers Yield $142K Crypto Seizure appeared first on Cryptonews.

The Judge said that Singh cooperated extensively with authorities, uncovering hidden FTX misconduct which earned him supervised release instead of a lengthy sentence.

The final stretch of the U.S. presidential election is keeping traders on their toes, with BTC and Trump Polymarket odds taking a small hit.

Binance Futures has revised the leverage and margin tiers for several USDⓈ-M perpetual contracts, including IDUSDT and FLOWUSDT, effective October 31, 2024.

Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto companies reported being victims of audio fraud, while 53% of the respondents fell for fake video scams.

Binance will use AWS to help with user onboarding and KYC processes with generative AI to improve user experience.

Binance founder Changpeng Zhao revealed that prison guards at a California correctional facility approached him for cryptocurrency investment tips, even as he faced legal consequences for money laundering violations tied to his exchange. What Happened: Speaking at the Binance Blockchain Week in Dubai, he said, "A couple of guards recognized me and then asked me, ‘What coin should I buy?

Franklin Templeton has extended its OnChain US Government Money Market Fund (FOBXX) to Coinbase's Ethereum-based layer-2 (L2) Base network. The expansion, announced on October 31, marks the first time a major asset manager has launched on Coinbase's Base, showcasing Franklin Templeton's strategic embrace of blockchain technology in traditional finance.

Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez's sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison.

Franklin Templeton says this is the first tokenized money fund to launch on Coinbase's layer-2 network.

The CEO of blockchain software firm Consensys says the company is terminating 20% of its workers as the crypto industry faces a more cautious macroeconomic environment and regulatory uncertainty.

The Blockchain Association, a leading crypto advocacy group, reported that its member firms have collectively spent over $400 million addressing enforcement actions initiated by the US Securities and Exchange Commission (SEC) under chair Gary Gensler. In an Oct.

Florida Chief Financial Officer Jimmy Patronis revealed that the state holds approximately $800 million in crypto-related investments as part of its portfolio, a position he discussed during a CNBC interview.

Florida CFO Jimmy Patronis reveals state holds $800M in crypto investments and explores adding digital assets to pension funds. The post Florida holds ‘$800 million in crypto-related investments,' says state CFO appeared first on Crypto Briefing.

Florida Chief Financial Officer Jimmy Patronis is advocating for the state's pension fund to explore crypto investments, emphasizing the long-term viability of digital assets. What Happened: "We'd be a fool if we're not prepared to do everything we can to harness the opportunities there," Patronis stated in an interview with CNBC on Thursday, underlining his commitment to equipping Florida's State Board of Administration (SBA) with a comprehensive investment toolkit, which now includes cryptocurrencies.

The Republican presidential candidate reiterated pledges to pardon Ross Ulbricht and for all Bitcoin to be “made in the USA.”

Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million.

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Binance announces the addition of Kaia (KAIA) to its Simple Earn, Buy Crypto, Convert, and Margin platforms, enhancing trading options for users.

Binance founder CZ made his first public appearance in Dubai since serving a four-month U.S. prison sentence.

Expanding its $410 million OnChain U.S. Government Money Market Fund, Franklin Templeton moves onto Coinbase's layer-2 Base blockchain. This development underscores a strategic integration of on-chain technology in managing government-backed assets and paves the way for future finance innovations. The post Franklin Templeton Expands OnChain Fund to Layer-2 Base appeared first on Cryptonews.

Crypto space lost $55.2 million, marking the second-lowest loss YTD but a 114% increase from October 2023, according to the latest Immunefi report. The post Crypto Losses in October 2024: 2nd Lowest YTD but 114% Higher Than Previous October appeared first on Cryptonews.

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The latest crypto election poll illustrates — according to its industry sponsor — that single-issue crypto voters exist. That's a point the industry has been seeking to score for months, and its potential ramifications in future Washington policy discussions could run deep.

Prominent artists including Imogen Heap and deadmau5 join KOR Protocol in shaking up the music industry, using blockchain to challenge streaming giants and put power back in artists' hands.

US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu for securing the release of Binance's compliance officer Tigran Gambaryan from prison.

TL;DR Superstate announces an update for its USTB fund, focused on U.S. government securities, introducing a “continuous pricing” system. This innovation allows USTB holders to earn interest instantly, eliminating traditional settlement delays. The company plans future enhancements, such as “atomic minting” and redemptions on Ethereum, which promises to increase efficiency in DeFi integration.

In a bold and strategic move, Crypto.com has announced the acquisition of an SEC-registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This acquisition will enable Crypto.com's new subsidiary to offer equities and equity options, among other things, to eligible traders in the U.S. The acquisition is set to significantly enhance Crypto.

In a strategic move to expand its presence in traditional finance, Crypto.com has acquired Watchdog Capital, LLC, a U.S.-based, broker-dealer registered with the Securities and Exchange Commission. This acquisition positions Crypto.com to offer equities and equity options to eligible U.

Earlier this week, Jimmy Patronis said in a letter that Florida should direct "a portion of state retirement system monies into cryptocurrency."

Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity.

On Halloween night in 2008, Satoshi Nakamoto unveiled the Bitcoin white paper, marking a seismic shift in the world of finance and technology.

The integration will slash costs for running computationally heavy proofs on World Chain, which uses ZK tech for its identity solution.

Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes.

Tokens promoted by the influencer saw profits for the involved wallets, leading to questions about insider trading practices.

The US government has converted the remainder of its Aragon (ANT) holdings seized from Alameda, recouping $518,000 in Ethereum (ETH).

Donald Trump may not see a quick payday from his crypto business World Liberty Financial after initial WLFI token sales flopped.

Binance announces updates to collateral ratios for multiple assets under Portfolio Margin, effective November 1, 2024. Users are advised to monitor Unified Maintenance Margin Ratio closely.

Coinbase's CEO is expecting the most crypto-friendly Congress yet as more candidates for federal office court the industry and political spending soars.

The former CEO of Binance announces the educational project Giggle Academy, dedicated to improving access to global education.

The key Fed inflation rate reached 2.1% in September, as expected, bringing it closer to the Fed's target. Inflation rose slightly in September, moving closer to the Federal Reserve's target, according to a Commerce Department report released Thursday.

Franklin Templeton's move to integrate with Base highlights the growing intersection of traditional finance and blockchain technology, enhancing liquidity. The post Franklin Templeton's tokenized US government money fund adds Base to supported chains appeared first on Crypto Briefing.

The acquisition will allow Crypto.com's family of companies to offer stocks and equity options to eligible traders in the United States.