Category: crypto

The crypto community experienced a rug pull with the disappearance of OracleBNB project on BNB Chain, leaving investors confused. The project allegedly drained 34 BNB and deleted its social media accounts, following a surge in BNB Chain memecoin activity. The project posed as a legitimate predictions platform and falsely claimed collaborations with influential figures.

Coinbase CEO Brian Armstrong criticized a Senate Democratic proposal to regulate DeFi front-ends as brokers, saying it would hinder U.S. crypto innovation. Other crypto advocates shared concerns, warning the plan could ban DeFi development in the U.S. Armstrong vowed to work with lawmakers to ensure the legislation is right.

David Carvalho of Naoris Protocol warns that state actors are preparing to use quantum computing for attacks, posing a threat to financial systems. The Securities and Exchange Commission has raised concerns about the dangers of this technology. Carvalho emphasizes the need for industry action to address this emerging threat to digital security.

U.S. stocks opened higher on Friday with the Dow Jones Industrial Average up 180 points despite the 10th day of the government shutdown. The S&P 500 and Nasdaq Composite were also higher. The Magnificent 7 stocks had mixed performance, with gains in tech companies like Nvidia and Tesla. Gold and Bitcoin prices rebounded.

Kalshi’s valuation has reached $5 billion after raising $300 million in funding, making it the leader in the prediction market space. It plans to expand globally and has seen a surge in trading volume, overtaking competitors like Polymarket. Regulatory challenges have been overcome, allowing for rapid growth and investment.

Abu Dhabi Airports is partnering with Al Hail Holding and Xare to pilot a digital wallet system at Zayed International Airport. The goal is to simplify the travel experience by enabling cashless payments using stablecoins and crypto. This initiative aligns with the UAE’s Digital Economy Strategy and Vision for 2030, aiming to position Abu Dhabi…

Bitcoin’s price dropped sharply to below $119,000 on Friday following President Donald Trump’s comments about China. The Dow Jones also fell over 500 points, leading to losses in both stocks and cryptocurrencies. Trump criticized China’s stance on rare-earth metals, threatening to cancel a meeting with Xi Jinping, causing further market uncertainty.

The WLFI token price crashed more than 20% due to a combination of early unlocks, whale dumping, and panic selling. The controversial decision to freeze wallets and a major transaction with a Bitcoin mining firm also contributed to the decline. Other tokens associated with Donald Trump also experienced losses.

Morgan Stanley is now allowing financial advisors to recommend cryptocurrency funds to all clients, expanding its offerings. Previously limited to wealth clients with $1.5 million in assets, the bank has now dropped restrictions and opened access to all clients as of October 15. The firm plans to offer funds from BlackRock and Fidelity initially, with…

Russia’s Bank of Russia is allowing select commercial banks to handle cryptocurrencies under strict capital and transparency rules to reduce systemic risk. This decision follows an experimental 2025 crypto regime allowing wealthy individuals and corporations to use digital assets for cross-border settlements. The move is in response to sanctions and ruble instability, with the aim…