Category: crypto

The Bank for International Settlements (BIS) has withdrawn from Project mBridge, a central bank digital currency initiative aimed at simplifying cross-border payments. Concerns over potential misuse by certain nations to evade sanctions have led to the BIS’s departure. The organization continues to pursue broader digital finance initiatives, including its vision for a “Finternet” and Project…

VanEck’s Matthew Sigel criticized the US Treasury Department’s anti-stablecoin stance, based on outdated academic views. He argued that historical analysis promoting private money instability is misleading, citing successful examples from other countries. Sigel called for a broader, global perspective on stablecoins and urged US regulators to consider international experiences.

Vice President Kamala Harris has overtaken former President Donald Trump’s odds of winning in Michigan and Wisconsin on prediction market Polymarket. If Harris wins these swing states, Pennsylvania will be the deciding factor in the US presidential election. Despite Harris’ odds improving, Trump still leads overall. Polymarket is breaking records amid the heated election.

Strive Enterprises, founded by Vivek Ramaswamy, launched a new wealth management division incorporating Bitcoin into client portfolios to hedge against economic risks. The firm relocated its headquarters to Texas with backing from a $30 million financing round. Ramaswamy supports Bitcoin as a tool for financial resilience and advocates for pro-capitalism investing.

21Shares has applied for a spot XRP exchange-traded fund (ETF) with the SEC, following the success of its Bitcoin and Ethereum ETFs. The Core XRP Trust aims to track the price of XRP without using leverage or derivatives. Despite legal hurdles, other asset managers are also pursuing spot XRP ETF approvals.

Craig Wright, not Satoshi, faced a contempt application from COPA in court. The judge set the hearing for Dec. 18, discussing Wright’s appearance and potential cross-examination. Wright objected to a stay in the claim against Square Up but eventually agreed. He cited his autism spectrum disorder for wanting to participate remotely from Singapore during the…

UBS Asset Management has launched its first tokenized fund on the Ethereum blockchain called “uMINT” to provide clients with an innovative investment solution. This initiative aligns with the growing investor interest in tokenized assets. UBS’s broader “UBS Tokenize” initiative aims to expand offerings like fund issuance and distribution using blockchain technology.

M2, a UAE-based crypto exchange, was hacked on Oct. 31, resulting in a loss of $13.7 million in digital assets. The breach involved Bitcoin, Ethereum, and Solana networks, with a suspicious address converting stolen assets to ETH. M2 has restored all affected funds, enhanced security controls, and is cooperating with authorities.

Tron’s blockchain has seen significant growth, with its native token TRX reaching a yearly high of $0.17, reflecting a 55% increase year-to-date. The network achieved its second-largest monthly revenue of $205 million in October, driven by expansions in DeFi, memecoins, and NFTs. Tron is now the second-largest blockchain for stablecoins, attracting users in emerging markets.

October saw a significant decrease in crypto-related losses due to exploits, totaling around $116 million, the lowest in six months. Most losses came from exploits, with Radiant Capital facing a $50 million exploit. Despite some funds being returned to victims, the threat of hacks and scams in the crypto sector remains.