By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit's local officials.

Bio Protocol investment by Binance Labs points the way toward using blockchain for the betterment of humanity. Decentralized Science Gets a Boost with Binance Funding Binance Labs, the venture capital arm of Binance, has announced a strategic investment in BIO Protocol.

Former Alameda Research Caroline Ellison began her two year prison sentence Thursday, November 7 for her role in the FTX collapse, the Federal Bureau of Prisons revealed this week. Ellison will also be forced to pay an $11 billion fine. The post Former Alameda Research CEO Caroline Ellison Begins Two Year Prison Sentence appeared first on Cryptonews.

Two leading cryptocurrency exchanges, Binance and Coinbase, saw a whopping $9.3 billion worth of stablecoin inflows on the Ethereum network after Republican candidate Donald Trump won the U.S. presidential election. According to analysis from on-chain analytics firm CryptoQuant, out of the $9.3 billion worth of ERC-20 stablecoins deposited not these exchanges, $4.

Polymarket previously considered launching its own token but had no guaranteed plans.

Standard Chartered said the recent Republican win in the US elections could serve as a major catalyst for digital assets, potentially driving their combined market cap from $2.5 trillion to $10 trillion by the end of 2026.

A Chinese public official, Wang Moumou, has been sentenced to life imprisonment for selling state secrets to foreign agents in exchange for over 1 million yuan in cryptocurrency, following significant financial losses from his investments. The post Chinese Man Sentenced to Life for Selling State Secrets for Crypto appeared first on Cryptonews.

Richard Farley, a Wall Street lawyer known for his work in leveraged finance, is reportedly under consideration to lead the Securities and Exchange Commission (SEC) in the upcoming Trump administration. Farley, a partner at the New York law firm Kramer Levin Naftalis & Frankel, has experience representing major financial institutions, including Goldman Sachs, Credit Suisse,

The crypto payment system aims to improve accessibility and efficiency for residents without traditional banking options.

Former Binance CEO Changpeng Zhao, also known as CZ, recently addressed the second anniversary of the FTX collapse. In a social media post, Zhao commented on the sudden collapse of FTX, saying that the events seemed to have happened two decades ago.

Pro-crypto political action committees (PACs) scored significant victories in the U.S. elections, with 48 of their endorsed candidates winning as of Nov. 8, positioning the industry for stronger influence in Washington, Bloomberg News reported.

This week's Crypto Biz features Polymarket, BlackRock's IBIT hitting $1B volume, Meta's Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.

The decentralized science DAO supports healthcare efforts that might otherwise not attract sufficient funding and gives stakeholders a say in their management.

Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users.

Trump's shortlist includes Gallagher, along with Paul Atkins, a former GOP commissioner and member of Trump's 2016 transition team, and Robert Stebbins, a Willkie Farr & Gallagher partner and former SEC general counsel. The decision comes after Trump's campaign remarks earlier this year, where he pledged to replace the current SEC chair, Gary Gensler, “on day one” of his term, positioning a shift in regulatory stance as part of his appeal to the crypto industry.

The German central bank (Deutsche Bundesbank) has joined Project Guardian, a Singapore-led initiative pushing to reshape global capital markets through asset tokenization. The Monetary Authority of Singapore (MAS) launched Project Guardian in 2022 to unite financial heavyweights and policymakers worldwide.

A Chinese government official received a life sentence for espionage after losing all his money on crypto trading.

Democrat Ruben Gallego was leading in a race for Arizona's Senate race, while Republican Sam Brown trailed in Nevada.

Delta Blockchain Fund General Partner Kavita Gupta says the election of Donald Trump has been the biggest boon for crypto as markets expect more crypto clarity from the new administration. She joins Caroline Hyde and Ed Ludlow to discuss on "Bloomberg Technology.

Uyeda's call echoes Trump's promise to halt aggressive crypto enforcement, signaling a potential shift in the SEC's approach.

The DFPI's investigation into BlockFi found that the platform had violated key provisions of the California Financing Law (CFL). According to regulators, BlockFi's lending practices fell short in several areas, notably by not evaluating borrowers' repayment ability before loan approval, charging interest pre-disbursement, and inaccurately representing annual interest rates.

According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.

The Deutsche Bundesbank partners with Singapore's MAS and the Ethereum Foundation in Project Guardian to advance financial tokenization. The initiative focuses on interoperable blockchain platforms and pilot projects that integrate blockchain with traditional finance for operational efficiency and liquidity. The post Germany's Bundesbank Joins Singapore's Project Guardian for Financial Market Tokenization appeared first on Cryptonews.

The cryptocurrency industry, including heavyweights like Coinbase and Ripple, spent more than $119 million backing pro-crypto U.S. congressional candidates, hoping to boost those who would pass crypto-friendly bills to promote digital assets.

In a recent social media post, former Binance CEO Changpeng Zhao commented on the second anniversary of the FTX collapse.

Crypto.com steps up to cover X subscriptions in a show of support for Elon Musk's push for free speech in the wake of Trump's election victory.

Dean Skurka, CEO of blockchain and crypto firm WonderFi, was kidnapped, held for ransom, and was subsequently released after paying $1 million. According to CBC and other sources, Skurka was reportedly abducted in downtown Toronto around 6 p.m.

As the markets digest the just-concluded United States polls, it is emerging that the cryptocurrency space might be the biggest beneficiary of the elections.

Pharos, a developer of a Layer 1 blockchain targeting fintech use cases has raised $8 million in seed funding.

FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to four criminal counts in December 2022.

Regardless of the issues, DeFi could see massive growth in the coming years as demand for institutional-grade solutions continues to rise.

The crypto market is on the verge of concluding the first week of November on a bullish note. This highlights a strong bullish outlook from the crypto space in the coming time. Moreover, the Ethereum price has jumped ~16% in seven days and is on the verge of reclaiming the $3k mark.

The American Securities Association (ASA) recently called for the immediate resignation of SEC Chair Gary Gensler. ASA's bold move came from its President and Chief Executive Officer, Chris Iacovella, who underlined the view that such change in management within the SEC would fall in line with what the voters have just said: that other directions

The California Department of Financial Protection and Innovation has permanently revoked BlockFi's lending license following its bankruptcy and regulatory issues. BlockFi, a crypto lending platform, collapsed in 2022 amid financial troubles tied to the downfall of crypto exchange FTX.

Binance Labs, the venture capital arm of crypto exchange Binance, has made a strategic investment in BIO Protocol, a blockchain-based platform that aims to reshape early-stage scientific research funding. The investment marks Binance Labs' first foray into the emerging Decentralized Science (DeSci) sector, highlighting its commitment to leveraging blockchain technology for societal impact.

Polymarket shows over 50% chance of Scott Bessent to be the future Treasury Secretary in Trump's administration. Mathew Sigel, the Head of Digital Asset Research at VanEck shared Polymarket's prediction on his X account for the new Secretary of Treasury.

Pseudonymous crypto trader Cold Blooded Shiller analyzed why investors that want to maximize bull market gains should focus on select growth areas instead of diversifying excessively. What Happened: In a detailed post on X on Thursday, the trader critiqued the prevalent emphasis on "outperformance" during bull markets, arguing that chasing market rotations and attempting to time entries often hinders gains.

The Motor City's latest move will allow residents to settle local fees using digital assets.

Hong Kong's anonymous KYC trial enables mainland Chinese to access stablecoins, blending privacy with compliance in blockchain tech. The post Hong Kong trials anonymous KYC to enable stablecoin access for Chinese residents appeared first on Crypto Briefing.

As President-Elect Donald Trump prepares to assume office, the crypto industry is closely watching his administration's potential picks for key financial regulatory positions. With promises to end the “war on crypto” initiated under the Biden administration, Trump is expected to overhaul leadership at the Securities and Exchange Commission (SEC) and other financial agencies.

According to the President of the Texas Blockchain Council, the recent election outcome brought much-needed relief for the industry.

Binance Labs, the venture capital arm of Binance, has announced its investment in BIO Protocol, a platform designed to help early-stage scientific research startups access decentralized funding opportunities.

Crypto analyst and digital assets trader Ali Martinez is leaning bullish on the largest memecoin by market cap. Martinez tells his 77,400 followers on the social media platform X that Dogecoin (DOGE) could go up by more than twenty-fold from the current price.

Standard Chartered analyst forecasts crypto market cap could reach $10 trillion by 2026 on Republican sweep of the U.S. Congress.

FTX has filed a lawsuit to recover over $11 million from a Crypto.com account allegedly controlled by its sister company, Alameda Research. The lawsuit, detailed in a court document dated Nov. 8 and obtained by crypto.

Either Republicans or Democrats could have control of the House of Representatives in 2025, but a majority of lawmakers favoring crypto policies will still be in Congress.

Dave McCormick secures a narrow victory in Pennsylvania's Senate race, unseating Democratic incumbent Bob Casey. Known for his pro-crypto stance, McCormick's win signals stronger advocacy for blockchain and financial innovation amid broader Republican gains in the 2024 elections. The post Pro-Crypto Dave McCormick Wins Pennsylvania Senate Seat appeared first on Cryptonews.