Category: crypto

XRP’s price is rising to $2.50, with optimism surrounding the potential launch of exchange-traded funds (ETFs) driving the increase. More than ten XRP ETF proposals are active or pre-launch. The token is consolidating between $2.19 and $2.70, with a breakout towards $3 seeming less likely. Institutional interest is growing, pushing XRP higher.

The central banks of Singapore and Germany have agreed to collaborate on cross-border digital asset settlements, aiming to make international transactions faster and more cost-effective. This partnership will also establish universal standards for tokenized assets, payments, and securities to enhance global financial interoperability. This agreement builds upon Singapore’s Project Guardian initiative.

Bitwise’s Chainlink ETF is progressing towards launch, listed on the DTCC under CLNK. However, SEC approval is still pending due to the government shutdown. Despite this, LINK price dropped 5% to $15.52, showing bearish sentiment. Grayscale is also planning a Chainlink ETF, and other ETFs are expected to launch soon.

Kraken co-CEO Arjun Sethi criticizes strict U.K rules on promoting crypto, warning it could deter users from investing. Sethi argues regulations hinder consumer experience and capital flow. Kraken rules out offering tokenized private company shares, with no comment on potential IPO plans. FCA defends rules, saying they inform customers of risks and benefits.

Hong Kong will release its third series of blockchain-based green bonds using HSBC’s digital infrastructure to fund environmental projects. The bonds will be issued in multiple currencies and recorded on blockchain. This is part of Hong Kong’s efforts to expand its tokenized asset ecosystem, with previous successful digital bond offerings by Hong Kong corporations.

Tether is set to become the largest shareholder of VCI Global through a $100 million digital asset transaction involving OOBIT’s OOB token. VCI Global, a technology platform developer, aims to integrate OOBIT’s token utility into its platforms. Tether’s strategic investments outside the stablecoin market have been successful, with recent acquisitions in various sectors.

In October, the crypto community experienced over $45.84 million in losses due to hacks, exploits, and scams. Notable incidents included the SBI Crypto hack, Garden Finance hack, and phishing attacks. GoPlus Security reported a surge in honeypot tokens, with 2,189 identified across Ethereum, Base, and BSC networks, trapping investors.

The aPriori airdrop was exploited by a single entity using over 14,000 connected wallets to claim more than 60% of the distributed tokens. This indicates a sybil attack, a common issue in crypto airdrops. Similar attacks have been seen in other recent token launches like MYX Finance and Avantis.

The Ontario Court of Appeal ruled in favor of Binance, stating that the Ontario Securities Commission’s request for communication documents was unconstitutional. The OSC had demanded internal communication documents from Binance dating back to January 2021 as part of an investigation, but the court found the request to be overbroad and unconstitutional.

Phantom Wallet CEO Brandon Millman confirmed that the company will not launch its own blockchain or go public through an IPO. Instead, they will focus on investing in existing ecosystems like Solana and improving user experience. The firm plans to remain private and continue growing with support from investors.