Editor's Choice
Biconomy acquires Klaster to create a modular execution environment (MEE), simplifying developer tasks and enhancing user experience 🔗
Biconomy, specializing in account abstraction for Web3, has acquired Klaster to develop a Modular Execution Environment (MEE). This environment will simplify complex blockchain tasks for developers and enhance user experience.The MEE will allow multiple blockchain operations to be executed in one action, reducing the need for complicated smart contracts while ensuring security and scalability. It combines account abstraction and chain technologies, offering flexible development methods for on-chain and off-chain operations.According to Ahmed Al-Balaji, this acquisition will significantly simplify user interactions with on-chain applications.
Scammers in Colorado are impersonating police officers, demanding Bitcoin for missed court appearances: a victim lost $6,000, but the remaining $4,000 was saved. 🚔
In Colorado, scammers are posing as police officers, demanding Bitcoin for missed court hearings. One resident received a call from a fraudster who claimed to be a government representative and demanded a $10,000 fine for missing jury duty, only in BTC. The victim transferred $6,000, but authorities stopped the remaining $4,000.In another case, a scammer spoofed the sheriff's phone number and demanded money under the pretext of missed court hearings. The sheriff confirmed that they would never request Bitcoin over the phone. Cryptocurrency users should be cautious, as transactions are irreversible and funds cannot be returned.
Deutsche Telekom and Bankhaus Metzler launch a pilot project for Bitcoin mining using surplus energy from renewable sources to stabilize the energy grid in Germany 🌱💡
Deutsche Telekom and Bankhaus Metzler are launching a pilot project for Bitcoin mining using surplus energy from renewable sources. The goal of the project is to gather data for future initiatives and confirm the effectiveness of regulating the energy grid through mining, as has already been done in the USA and Finland.The mining will be managed by Metis Solutions GmbH, with containers located on the premises of Riva GmbH Engineering in Backnang, which utilizes solar energy. Telekom MMS will ensure the operation of the devices, while Bankhaus Metzler will analyze the data and explore financial service opportunities with digital assets.According to Oliver Niederle, the growing number of renewable sources requires quick solutions to absorb fluctuations in energy supply. "Surplus energy is converted into digital values through miners," he noted. Hendrik König emphasized the importance of blockchain technologies in business and the need for a reliable partner to manage crypto assets.
OSL Group acquires 81.38% of the shares of the Japanese cryptocurrency exchange CoinBest, strengthening its position in the Japanese digital assets market 💼
Hong Kong company OSL Group has announced the acquisition of 81.38% of shares in the Japanese cryptocurrency exchange CoinBest, licensed by the Financial Services Agency of Japan (FSA). This strategic decision is aimed at strengthening OSL Group's positions in the Japanese market and expanding the range of services in the rapidly growing digital assets sector.
Victory Securities launches structured products of virtual assets for qualified investors and services for stable coin holders in Hong Kong 📈
Monetary Authority of Singapore (MAS) introduces new measures to develop asset tokenization and create commercial networks to deepen the liquidity of tokenized financial services 💰
Kraken launches a licensed broker for wholesale clients in Australia with cryptocurrency-based derivatives: over 200 assets and 24/7 support 💹
Hackers compromised Wiz Khalifa's account, promoting the fraudulent token Infinite Backrooms (IB), causing a 34.5% drop in the price of the GOAT token to $0.4686 and losses of $602,500 for investors 📉
Strive Enterprises launches a new capital management division, integrating bitcoin into client portfolios to protect against risks, including high levels of global debt, rising yields on fixed assets, and inflationary pressures 📈
Crypto casino Metawin hacked for $4 million on Ethereum and Solana: October has become a bloody month for the security of decentralized finance with total losses of $88.47 million ✂️
Ripple executed large transfers: 900 million XRP transferred to anonymous wallets, XRP price increased by 3% to $0.51833 💰📈
Web3 startups raised $5.4 billion in venture capital in 2024: $1.4 billion in the third quarter, marking a focus on decentralized projects and artificial intelligence 🚀
The Sheetz convenience store chain expands its partnership with Flexa: Now Bitcoin (BTC), Ether (ETH), and USD Coin (USDC) payments are available at more than 750 locations in the United States 🛒
The Sheetz convenience store chain has expanded its partnership with Flexa, allowing payments at more than 750 locations in the U.S. using cryptocurrencies, including USD Coin (USDC), Bitcoin (BTC), and Ether (ETH). This move reflects the growing interest in alternative payment methods and stable coins. Sheetz is becoming one of the first major chains in the country to implement cryptocurrency payment options. The chain was founded in 1952 and has stores in several states, including Pennsylvania and North Carolina.
SafePal launches the Mini Wallet App in Telegram, allowing 950 million users to create individually owned Swiss bank accounts with support for the digital crypto card Visa 💳
SafePal has launched the Mini Wallet App in Telegram, allowing 950 million users to create individually owned Swiss bank accounts that comply with legal requirements. The app offers licensed accounts from the Swiss Financial Market Supervisory Authority (FINMA) and facilitates transactions with a digital crypto card from Visa, becoming the first of its kind in Telegram.
UBS Asset Management launches the “UBS USD Money Market Investment Fund Token” (uMINT) on the Ethereum platform for investors in tokenized financial assets 💰
UBS Asset Management has introduced the “UBS USD Money Market Investment Fund Token” (uMINT), a money market investment fund based on Ethereum.Thomas Kege, Co-Chair of UBS Asset Management APAC, noted the growing interest of investors in tokenized assets. Token holders will gain access to high-quality cash management solutions based on a conservative approach.The fund's launch also supports the expansion of UBS’s tokenization services, including the issuance of 200 million CNH fully digital structured notes and the completion of the world’s first reverse repo transaction with a digital bond on a public blockchain.
Huawei launches Harmony OS with the integration of the digital yuan (CBDC) 💵, allowing applications to make payments directly 💳 and strengthening financial security when interacting with other financial applications 🔒
Huawei has developed the Harmony OS operating system after being banned from collaborating with Google, abandoning compatibility with Android. The system integrates the digital yuan (CBDC), allowing applications to make payments directly, bypassing a separate app.Developers can adapt the system to support the digital yuan, and measures are in place to interact with other financial applications and enhance security. The use of CBDC in China raises concerns about surveillance; however, its integration into chips and Internet of Things devices is planned.
Best news of the last 10 days
The Open Network (TON) Foundation has launched a new decentralized governance model, Society DAO, to actively engage the community in decision-making and resource allocation. 🌐
Transak received two licenses: A second money transmission license (MTL) in the US 💳 and registration with FINTRAC as a money services business (MSB) in Canada 🍁
SCRYPT and P2P.org launch a collaboration to support the conversion of EigenLayer (EIGEN) to Ethereum (ETH), providing convenient solutions for delegators 🚀
Aptos Foundation and SK Telecom integrate Tether’s USDT into “T wallet” for 30 million users: a step towards mass web3 adoption ⚡️
Top-5 Largest Scam Altcoins
BitConnect — A Ponzi scheme promising high returns, collected $3.5 billion (2016-2018), collapsed, leaving investors without funds.OneCoin — MLM-style scam, raised over $4 billion since 2014. The founder disappeared, and the blockchain turned out to be fictitious.Pincoin and iFan — A scheme from Vietnam, attracted $660 million through fake ICOs. The management vanished with the money.Prodeum — A "produce tracker" disappeared after raising funds, leaving only the word “penis” on its site.Centra Tech — Promised a crypto debit card, raised $25 million. The founders were convicted of fraud.
SingularityDAO has merged with Cogito Finance and SelfKey to create Singularity Finance—an EVM-based Layer 2 platform for the AI economy: 94.78% of SDAO holders supported the merger 🔹
SingularityDAO has completed voting on plans for a merger with Cogito Finance and SelfKey to create the Singularity Finance platform—a Layer 2 EVM-based platform aimed at tokenizing the AI economy. The merger was supported by 94.78% of SDAO token holders, with over 15 million tokens cast via the Snapshot platform.Mario Casiraghi, co-founder of SingularityDAO, emphasized the importance of this decision and expressed gratitude for the support, which will enable SingularityDAO and its partners to accelerate innovation in AI and DeFi. Now, SingularityDAO awaits a KEY community vote to confirm SelfKey’s participation.Singularity Finance will focus on AI services, such as tokenizing real assets and managing digital identities. Cloris Chen, CEO of Cogito Finance, noted that the merger will open new opportunities at the intersection of AI and DeFi, establishing Singularity Finance as a leader in this sector.The merger will also integrate SelfKey and Cogito's solutions to enhance AI-driven portfolio and risk management solutions already offered by SingularityDAO. Singularity Finance will be governed by a leadership council, including Mario Casiraghi, Cloris Chen, and Dr. Ben Goertzel.
Sonic, Solayer, and Adrastea are launching an innovative rewards program for delegators with liquid restaking tokens LRT and have attracted over $50 million in SOL 🚀
The Sonic SVM project on the Solayer platform has reached a milestone of $50 million SOL delegated to its services. In honor of this, Sonic is launching a new rewards program for delegators, offering additional returns. This has been made possible through a partnership with Adrastea, which has implemented Liquid Restaking Tokens (LRTs) that allow delegators to retain SOL liquidity while simultaneously earning staking rewards.The collaboration between Sonic, Solayer, and Adrastea is aimed at strengthening the Solana restaking ecosystem by providing users with new earning opportunities and flexibility in asset management.
OpenAI has introduced the search feature in ChatGPT with real-time web search support and partnerships with Reuters, Associated Press, and other leading news agencies 📰
OpenAI launched a new search feature in ChatGPT, enabling competition with search engines like Google and Bing. Now, users can access real-time news, sports results, stock quotes, and weather forecasts thanks to web search and partnerships with data providers.The ChatGPT Search feature, which was beta-tested over the summer, is available to ChatGPT Plus subscribers and waitlisted members, and will soon be available in the free version. OpenAI noted that the new feature allows for "searching in a more natural and intuitive way," making information search simpler and more convenient.