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news-imageOctober 1, 2024

Stablecoin Giants to Lose $625 Million in Revenue After Fed Slashed Interest Rates by 50 Basis Points

The Federal Reserve's 50 basis points rate cut earlier this month is set to cost lading stablecoin issuers around $625 million per month, as the interest earned on the reserves backing these stablecoins dropped as a result.
Publisher: CryptoGlobe
Sentiment: Negative
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Positive
cover-imageCryptonews
October 1, 2024

Robinhood Enables Crypto Transfers in Europe

Robinhood has expanded its crypto services in Europe, allowing customers to transfer (deposit and withdraw) digital assets from its platform.

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Positive
cover-imageBeInCrypto
October 1, 2024

Grayscale Opens Its Decentralized AI Fund to Selected Investors

Previously available only through private placement, Grayscale's decentralized AI fund, which features top altcoins like Near Protocol (NEAR), Bittensor (TAO), Render (RNDR), and Filecoin (FIL), now offers investors targeted exposure to top AI-powered blockchain projects.

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Positive
cover-imageAltcoin Buzz
October 1, 2024

ANZ Bank Joins Project Guardian for RWA Tokenization

The bank, which backs a stablecoin called $ADC linked to the Australian dollar, is eager to see how it can move this stablecoin between different blockchains. To do this, ANZ will partner with Chainlink Labs, a company that helps connect blockchains, and Singapore's investment firm ADDX.

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Positive
cover-imageBeInCrypto
October 1, 2024

These 3 PolitiFi Meme Coins See Huge Gains as the US Elections Near

The US presidential election is scheduled for November 5. With October already here, meme coins tied to the top 3 presidential candidates, dubbed “PolitiFi meme coins,” have seen explosive growth amid the heightened political climate.

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Positive
cover-imageBlockonomi
October 1, 2024

Base Creator Jesse Pollak to Lead Coinbase Wallet Team

Jesse Pollak, creator of Coinbase's Layer 2 blockchain Base, has been appointed to lead Coinbase Wallet and join the company's executive team, aiming to align the missions of both products in bringing more users and builders into the blockchain ecosystem.

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Negative
cover-imageBlockonomi
October 1, 2024

UK Courts Convict First Illegal Crypto ATM Operator

In the UK's first conviction for illegal crypto ATM operations, Olumide Osunkoya pleaded guilty to running an unauthorized network that processed over £2.6 million in transactions, highlighting the country's efforts to regulate cryptocurrency activities and combat financial crimes.

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Positive
cover-imageBitcoin
October 1, 2024

Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

Bithumb, one of South Korea's largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb's strategy to expand into the U.S. market.

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Positive
cover-imageBlockonomi
October 1, 2024

Robinhood Introduces Crypto Transfers for European Users

Robinhood expands its crypto services in Europe, allowing transfers and self-custody, while also acquiring Bitstamp to boost its global presence in the face of regulatory challenges in the US.

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Positive
cover-imageInvezz
October 1, 2024

Robinhood expands footprint in Europe, introducing crypto transfer features for EU customers

Robinhood has officially announced the expansion of its cryptocurrency services in the European Union, allowing customers to transfer cryptocurrencies in and out of its app. This move marks a significant step in the company's international growth strategy, as it offers European users the ability to self-custody their digital assets.

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Positive
cover-imageCoingape
October 1, 2024

How Shigeru Ishiba Will Help Japan's Blockchain, Web3 and NFT Industry to Flourish

Japan's new Prime Minister Shigeru Ishiba has been in the limelight for his opinion on continuing with rate hikes moving ahead. However, local Japanese media also reports that Ishiba is positive on blockchain and non-fungible tokens (NFTs) and believes that they can help boost the regional economies.

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Negative
cover-imageCrypto news
October 1, 2024

Gemini follows Binance and OKX in departing Canada

Crypto exchange Gemini has announced its exit from the Canadian market, joining several other platforms that have left due to the country's strict regulatory environment.

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Positive
cover-imageCrypto news
October 1, 2024

Base creator Jesse Pollak joins Coinbase execs team

Creator of layer 2 blockchain Base, Jesse Pollak has joined the executive team at Coinbase as engineering vice president while also leading Coinbase Wallet. Jesse Pollak announced on his X account on Oct.

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Positive
cover-imageBitcoin
October 1, 2024

Japan to Review Crypto Regulations, Potentially Easing Tax Burden

Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection.

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Neutral
cover-imageBitcoin
October 1, 2024

China's Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots

Zhu Guangyao, China's former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.

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Neutral
cover-imageCryptopolitan
October 1, 2024

“Pro-crypto candidates,” should U.S. voters be worried?

Voters' interest in crypto and its political role is pumping up as the United States Presidential election 2024 is zoning in. The digital assets industry leaders are now weighing their opinions openly on the running candidates' stances and pledges to safeguard the market participants.

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