Editor's Choice
MetaMask launches XRP Ledger Snap: 30 million users can now manage XRP and interact with XRPL dApps with one click 💼🌐
Now MetaMask users can connect to the XRP Ledger with a single click thanks to XRP Ledger Snap, developed by Ripple's partner Peersyst. MetaMask Snaps are extensions that enhance the wallet’s functionality. With the launch of Snap, 30 million active MetaMask users can easily manage accounts and assets on the XRP Ledger, including XRP and other tokens, perform transactions, and interact with decentralized applications based on XRPL, all within MetaMask.Additionally, Ripple and Peersyst are working on expanding XRPL interaction via the EVM sidechain, which will open new opportunities for decentralized finance and asset tokenization.
SEC releases 2025 examination priorities with focus on fiduciary duties, cybersecurity, and use of artificial intelligence 💼🔒
Washington, D.C., October 21, 2024 — The Securities and Exchange Commission (SEC) has released its examination priorities for 2025, emphasizing key areas such as fiduciary duties, standards of conduct, cybersecurity, and artificial intelligence.SEC Chair Gary Gensler stated that these priorities aim to strengthen trust in the markets and protect investors' interests. Acting Director of the Division of Examinations, Keith Cassidy, added that firms should review their compliance programs to enhance security and maintain market order.In 2025, the SEC will examine investment companies, brokers, and other entities for compliance with federal securities laws, as well as assess the use of new technologies and the protection of investors' data.
Chris Larsen, co-founder of Ripple, donated more than $11.8 million to support Kamala Harris' campaign, including $1 million in XRP and $9.9 million to Future Forward 🎯
Chris Larsen, co-founder and chairman of Ripple, has donated more than $11.8 million to support Kamala Harris' campaign, making him one of the largest donors in the cryptocurrency industry this election cycle. In September, he contributed nearly $9.9 million to the PAC Future Forward and more than $800,000 to the Harris Victory Fund. These data were confirmed by analyst James Delmore and CNBC.Larsen also donated $1 million in XRP tokens in August. He noted that his support for Harris is tied to her deep understanding of the technological economy, especially given her origins in Silicon Valley.
AI fraudsters attack XRP holders: Fake video featuring Chris Larsen promises token doubling through a fraudulent website 🎥💰
Fraudsters are using artificial intelligence to deceive XRP holders. A video featuring an AI-generated version of Ripple co-founder Chris Larsen is circulating on YouTube, falsely announcing an XRP token return instead of burning them. The video claims that XRP holders can double their assets by visiting the specified website.The video is posted on a private page, and links to it are being sent via email. Victims transfer their funds to a fraudulent account and lose them forever. Similar schemes were previously used with AI videos of Elon Musk, confirming a shift in tactics by fraudsters, who are now targeting well-known figures in the crypto industry.Cryptocurrency holders should be cautious and not transfer funds to unknown addresses.
Legal & General with $1.5 Trillion in Assets 💰 Prepares for Blockchain Tokenization of Funds and Financial Industry Digitization 🚀
MetaMask and Space ID integrate a system replacing complex cryptocurrency addresses with simple usernames, improving transaction security and convenience 💼🔒
WOO X and OpenTrade updated flexible RWA term vaults based on Avalanche, offering up to 13.75% returns based on US Treasury bonds and other real-world assets 🎯
Samsung Electronics expands the Samsung Knox security platform for AI devices using blockchain technology and biometric authentication 🎛️
Japanese authorities arrested 18 fraudsters for laundering $670,000 through the Monero cryptocurrency (XMR) after analyzing 900 transactions 💰
Russia and BitRiver will build data centers for crypto mining in BRICS countries and implement artificial intelligence projects 🎯
The Indian exchange WazirX secretly transferred $72.13 million to Bybit and $1.5 million to KuCoin 💰 — after a hacker attack and withdrawal freeze
Coincaex launches the BITPOS system in Panajachel, Guatemala, with support for BTC and other cryptocurrencies, increasing business profitability and promoting tourism in the Bitcoin Lake area 🌊
Stripe acquires stablecoin platform Bridge for $1.1 billion, bringing back USDC payments support on Ethereum, Solana, and Polygon 🚀
Fintech giant Stripe has acquired stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington. This marks Stripe's largest deal and the most valuable acquisition in the cryptocurrency industry to date.Bridge, founded by entrepreneurs Sean Yu and Zach Abrams, provides software solutions for processing stablecoin payments for businesses. The deal has been a significant success for Bridge investors, considering the company was valued at only $200 million in its Series A round.The acquisition coincides with Stripe's expansion into the cryptocurrency services market. Earlier this month, the company reintroduced support for cryptocurrency payments for businesses in the U.S., enabling transactions in USDC on the Ethereum, Solana, and Polygon blockchains.
Dune Analytics announces integration with B3 Chain blockchain to enhance high-throughput, near-zero-fee Web3 gaming data analysis 🎮
Dune Analytics has announced an integration with B3 Chain, significantly improving data analysis and tracking capabilities in the blockchain gaming space. B3 Chain, as a layer 3 blockchain, is specifically optimized for Web3 gaming, offering fast and cost-effective transactions.Developers can create custom application chains with high throughput and near-zero fees, providing a unique gaming experience. These chains interact with each other, forming a shared ecosystem.Integration with B3 Chain provides detailed data on blockchain games, including transactions and player activity, helping developers improve their projects and dive deeper into Web3 gaming.
IBX under fire: Orderly Network ends partnership, MEXC postpones ARTIC listing, participants demand return of 65,000 SOL after suspicious presale limit increase 💥
The scandal sparked reactions from major players, including Orderly Network and the MEXC exchange.Orderly Network, which had previously supported IBX, announced the termination of their partnership following accusations. MEXC postponed the listing of the ARTIC token, further fueling doubts about the project.Crypto analyst Anon Vee expressed suspicions that IBX could be a scam. More than 160,000 SOL were raised in the presale instead of the planned $3.2 million. The expected return of 65,000 SOL was not confirmed, and the funds allegedly went to addresses controlled by the team.The ARTIC token was launched with a market capitalization of $50 million, but its token claim page was activated late. By the time it was active, the market capitalization had dropped to $6 million, depriving presale participants of the chance to claim their tokens.
Russia redirects 78% of its oil exports to India and China, bypassing sanctions, strengthening energy ties with BRICS partners, while Saudi Arabia and China strike deals to sell oil for yuan 🌍💰
In 2023, Russia redirected 78% of its oil exports to India and China, in sharp contrast to 32% in 2021. This was in response to Western sanctions aimed at weakening the country's energy sector. Deliveries to India increased 18-fold in two years, while China increased its imports to 107 million tons in 2023.This reorientation was necessary due to restrictions imposed by Western payment systems, forcing Russia to develop alternative trade mechanisms with its Asian allies. At the same time, BRICS countries are working on creating new payment systems for energy resources, as evidenced by the recent agreement between Saudi Arabia and China to sell oil for yuan.
Best news of the last 10 days
Ape On: a new platform on Solana with a token locking feature to protect investors, official mainnet launch on October 20, 2024 🛡️
WazirX presented 240,000 crypto wallets with user funds to the Singapore court after a 2,000 crore rupee hack, but the investigation revealed duplicate addresses and activity worth $2.6 million despite the suspension of operations 💰
The Constitutional Court of Montenegro temporarily suspended the extradition of former CEO of Terraform Labs, Do Kwon: a final decision on his case will be announced on October 20 📅
NHTSA has launched an investigation into 2.4 million Tesla vehicles with Full Self-Driving after four accidents, including a fatal one, in low visibility conditions 🚗
The Trump family receives up to 75% of the profits from the $WLFI cryptocurrency project of World Liberty Financial worth $337.5 million 💰
The Trump family has unexpectedly entered the cryptocurrency market with the $WLFI project from World Liberty Financial (WLF), which is associated with Donald Trump. According to data published by WLF, Trump and his relatives may claim 75% of the project's profits—this is 22.5 billion tokens worth $337.5 million.Interestingly, the Trump family has no legal responsibility for the company's activities, but their influence on the project and in the media sphere is evident. Donald Trump promotes himself as a defender of cryptocurrencies, while his sons act as "ambassadors of Web3." This is a strategic move, combining visibility with legal non-involvement.World Liberty Financial plans to offer lending and investment services in digital assets, but its financial structure raises questions: the remaining 25% of the profits go to Axiom Management Group, not to charity.The Trump family's influence in the crypto world could set a precedent for other politicians looking to leverage the potential of decentralized finance for personal gain.
A hacker hacked Tapioca DAO and stole 28 million TAP tokens, exchanging them for 1600 ETH and transferring the funds to USDT via Binance Smart Chain, leading to a 96% drop in the token price 🌐💰
The DeFi protocol Tapioca DAO suffered a major attack, during which the hacker withdrew 28 million TAP tokens from the smart contract. These tokens were exchanged for 1600 ETH, then converted into the stable coin USDT and transferred to Binance Smart Chain through the Stargate bridge.The mass sale of tokens led to their price collapsing from $1.43 to $0.05, representing a 96% loss in value.The attack began with a phishing hack of founder 0xRektor, which allowed the attacker to gain access to the tokens. The Tapioca DAO team has contacted the police and is cooperating with Binance in an attempt to recover the stolen funds.
Ireland's Criminal Assets Bureau cannot access $378 million worth of Bitcoin due to lost keys from 12 wallets 🌐
Ireland's Criminal Assets Bureau (CAB) has encountered a problem in trying to recover $378 million worth of Bitcoin seized from convicted drug trafficker Clifton Collins. Collins invested in Bitcoin in 2011-2012 and spread his assets across 12 virtual wallets, with passwords written on paper and stored in a fishing rod case. However, after his arrest, the case was lost, and access to the cryptocurrency is now gone. When the Bitcoin was seized in 2019, it was valued at $56 million. Authorities hope future technologies will help restore access to the funds.
The Kenya Revenue Authority (KRA) will introduce monitoring of cryptocurrency transactions through stock markets and connect M-Pesa for tax collection from December 25, 2024 💰
The Kenya Revenue Authority (KRA) is preparing a new way of taxing cryptocurrency transactions by monitoring the stock market. This system will be connected to cryptocurrency platforms to accurately track each transaction by time and value. The goal is to improve tax collection from cryptocurrencies in accordance with the law, which requires taxation of all cryptocurrency income.Additionally, KRA is implementing artificial intelligence and machine learning to combat tax fraud and increase transparency. An important step will be the use of the mobile payment system M-Pesa as a tax collector starting from December 25, 2024. However, these measures have sparked protests among young people who see them as an infringement on financial freedom.The government aims to make Kenya a leader in the digital economy but faces civil discontent, which may affect the success of the reforms.