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news-imageOctober 30, 2024

This Week in Web3: FTX Engineer Singh Walks, Crypto Payments Surge

For almost their entire history, despite designs to the contrary, the primary role of cryptocurrencies and digital assets has been confined largely to trading and speculation. But recent advancements in blockchain infrastructure are positioning digital assets as more functional tools for real-world financial transactions.
Publisher: PYMNTS
Sentiment: Neutral
General

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Negative
cover-imageCryptonews
October 30, 2024

‘Some' Russian Regions to Ban Crypto Mining as Crackdown Continues

Russia's Energy Ministry says it will ban crypto mining in “some” regions, with crackdowns on “illegal” miners intensifying in Siberia. The post ‘Some' Russian Regions to Ban Crypto Mining as Crackdown Continues appeared first on Cryptonews.

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Positive
cover-imageCryptoSlate
October 30, 2024

NYSE Arca seeks SEC approval for Grayscale's crypto index ETF

NYSE Arca has filed an application with the SEC to list a Grayscale exchange-traded fund (ETF) featuring a diverse array of cryptocurrencies, marking a significant push to expand institutional access to digital assets.

general-iconGeneral
Positive
cover-imageBitcoin
October 30, 2024

Visa-Coinbase Partnership Unleashes Real-Time Crypto Funding Power

Visa and Coinbase's new partnership promises instant, round-the-clock funding for crypto trading, allowing U.S. and EU users real-time access to trading opportunities. Coinbase and Visa Join Forces to Break Crypto Funding Barriers Payment giant Visa has joined forces with crypto exchange Coinbase to offer real-time account funding for Coinbase users in the U.S.

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Neutral
cover-imageCryptonews
October 30, 2024

Breaking: Former FTX Executive Nishad Singh Receives Time-Served Sentence, Avoids Prison Time

Former FTX executive Nishad Singh has received a time-served sentence, avoiding prison time after cooperating with authorities in the investigation of the cryptocurrency exchange's fraudulent activities and misappropriation of customer funds. The post Breaking: Former FTX Executive Nishad Singh Receives Time-Served Sentence, Avoids Prison Time appeared first on Cryptonews.

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Positive
cover-imageCoingape
October 30, 2024

Breaking: Robinhood Reports 165% Crypto Revenue Growth In Q3

Despite US SEC regulatory strain, commission-free crypto brokerage firm Robinhood Markets Inc has reported its third quarter performance report with its crypto unit shining strong. After a very promising quarter in a competitive market, the firm said it grew its overall Year-to-Date (YTD) Net Deposits to $34 billion.

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Positive
cover-imageCoingape
October 30, 2024

Bitwise CIO Predicts Altcoins Will Benefit From A Donald Trump Win

Bitwise Chief Investment Officer Matt Hougan commented on the potential impact of the upcoming U.S. presidential election on cryptocurrencies. He suggested that a Donald Trump victory may be more favorable for Ethereum and other altcoins than for Bitcoin.

general-iconGeneral
Positive
cover-imageInvezz
October 30, 2024

Libeara and FundBridge Capital launch a tokenized United States treasury fund

Libeara, a Standard Chartered-backed blockchain asset tokenization platform, and FundBridge Capital, a leading fund management infrastructure provider, have joined forces to introduce the “Delta Wellington Ultra Short Treasury On-Chain Fund,” also known as the Ultra Fund.

general-iconGeneral
Negative
cover-imageCryptopolitan
October 30, 2024

MrBeast's $23M crypto insider scam allegations

A group of on-chain sleuths claims that MrBeast, aka Jimmy Donaldson, earned millions from several questionable crypto promotions. The investigation reveals a complex network of alleged crypto activities tied to the YouTube sensation.

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Neutral
cover-imageCrypto Briefing
October 30, 2024

US Treasury see stablecoins driving ‘structural demand' for T-bills

Stablecoin growth may reshape T-bill demand, posing financial stability risks and necessitating robust collateral to prevent market disruptions. The post US Treasury see stablecoins driving ‘structural demand' for T-bills appeared first on Crypto Briefing.

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Positive
cover-imageCryptonews
October 30, 2024

Trump Win Could Spark Altcoin Rally, Says Bitwise's Matt Hougan

Bitwise CIO Matt Hougan predicts a Trump victory could drive a surge in altcoin prices due to anticipated regulatory shifts while Bitcoin could hit $100,000 in 2025. The post Trump Win Could Spark Altcoin Rally, Says Bitwise's Matt Hougan appeared first on Cryptonews.

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Negative
cover-imageCointelegraph
October 30, 2024

Ex-FTX exec sentenced to time served after guilty plea

Nishad Singh will receive no prison time after pleading guilty to six felony charges in February 2023, cooperating with prosecutors and FTX's debtors after the exchange's collapse.

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Neutral
cover-imageCrypto news
October 30, 2024

Stablecoin issuers hold $120b in T-Bills: US Treasury

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report.

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Positive
cover-imageCoingape
October 30, 2024

Stablecoins Driving Demand for Short-Dated Treasuries, Says US Treasury

In its most recent report examining the implications of digital assets, the US Treasury noted that the “growth in stablecoins has resulted in a modest increase in demand for short-dated Treasuries.” The 132-page report, released for the Treasury Borrowing Advisory Committee, discusses digital assets, focusing on major players like Bitcoin and stablecoins.

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Negative
cover-imageCryptonews
October 30, 2024

Investigation Connects MrBeast with 50+ Crypto Wallets Tied to Insider Trading Allegations

A recent investigation has linked YouTube star MrBeast to over 50 crypto wallets involved in alleged pump-and-dump schemes, with claims that he profited more than $23 million from promoting low-cap tokens. The post Investigation Connects MrBeast with 50+ Crypto Wallets Tied to Insider Trading Allegations appeared first on Cryptonews.

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Negative
cover-imageCrypto Mufasa
October 30, 2024

FTX Seeks Leniency for Singh to Aid Critical Bankruptcy Efforts

John Ray emphasized that Singh's insights into FTX's operational structure and digital infrastructure are irreplaceable when tracing missing assets. Since the exchange declared bankruptcy, Singh has played a central role in providing details on complex transactions, data systems, and accounts that remain under investigation.

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Negative
cover-imageCoingape
October 30, 2024

Top 5 Politicians Opposing Cryptocurrency In The USA

With the US election almost here, it has become necessary to highlight the top US politicians who oppose cryptocurrency in the country. This is important, considering that the crypto industry's fate in the country could depend on whether these individuals are elected.

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