Daily Archives: October 28, 2024

HKMA partners up with Brazilian central bank to test cross-border tokenization

The Hong Kong Monetary Authority (HKMA) announced a new partnership with Banco Central do Brasil (BCB) to advance cross-border tokenization initiatives, joining their respective digital currency infrastructures to conduct experimental transactions under Project Ensemble and Brazil’s Drex pilot program. The HKMA and BCB are exploring cross-border settlement models, focusing on payment-versus-payment (PvP) and delivery-versus-payment (DvP)…

Metaplanet’s Bitcoin Holdings Surpass 1,000 BTC After Latest Purchase

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at…

Bitcoin Tops $70K for First Time in More Than Four Months

The price still remains below its record high of $73,700 hit in early March of this year.

Bitcoin adoption akin to gaming as younger generations drive demand – VanEck

Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck’s head of digital assets research, Matthew Sigel. Speaking on CNBC’s “Squawk Box” on Oct. 28, Sigel said that much like how new gamers are born every day, new…

US Crypto Regulation Needs a Hard Fork

These simple modifications to the SEC’s current regulatory framework for crypto asset issuance, staking, custody and trading can foster greater innovation without relying on new acts of Congress, says Willkie’s Mike Selig.

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

FTX Agrees to $228 Million Settlement in Bybit Legal Dispute

FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court filing, brings closure to a…

Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop

Wallet provider Phantom services experienced nearly three hours of downtime on Oct. 28 amid users’ rush to claim GRASS tokens. Users on X reported missing balances and an inability to perform transactions. According to Phantom Status, a major incident with the wallet’s back end made the service unresponsive at 1:36 P.M. UTC and went back…

What Is The Open Network (TON): All You Need to Know in 2024

One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media and contributing a large chunk…

Circle unveils encrypted ERC-20 framework to enhance blockchain privacy

Inco Network and Circle Research introduced the Confidential ERC-20 Framework, an innovative solution aiming to bring compliant privacy to public blockchains The whitepaper of the new framework, published on Oct. 28, transforms standard ERC-20 tokens into confidential, encrypted versions that shield transaction amounts and balances from public view, meeting regulatory demands for privacy without compromising…