Editor's Choice
The Central Bank of Brazil has opened applications for the Drex digital currency pilot from October 14 to November 29: 13 cases using tokenized reais have been approved 💰
The Central Bank of Brazil has opened applications for participation in the Drex digital currency pilot project from October 14 to November 29. 13 cases using tokenized reais have already been approved, including state loans, agribusiness, car deals, real estate, and carbon credits.In the second stage of the project, the bank plans to expand the number of participants and consider more complex scenarios for using digital currency.
Telegram opens an office in Kazakhstan to strengthen content control and increase cooperation with regulators, amid audience growth to 12.5 million users 📱
Telegram has agreed to open an office in Kazakhstan as part of its efforts to comply with local regulatory requirements. The Ministry of Digital Development of Kazakhstan announced that Telegram will appoint a local representative and open an office, which will help strengthen content control on the platform.In Kazakhstan, 12.5 million people use the messenger, which accounts for more than half of the population. This move is also related to an investigation in France involving Pavel Durov. Telegram has intensified its fight against illegal activities by providing authorities with the IP addresses and phone numbers of violators.
AED Stablecoin LLC received approval from the UAE Central Bank to launch AE Coin, the first stablecoin backed by the UAE dirham, supporting the UAE Digital Government Strategy until 2025 💰
AED Stablecoin LLC received preliminary approval from the Central Bank of the UAE to launch its currency AE Coin, supporting the UAE Digital Government Strategy until 2025.The approval complies with the "Payment Token Services Regulation" dated June 7, 2024, making AED Stablecoin the first company to issue stablecoins backed by the UAE dirham.AE Coin is backed by the dirham and offers stability, security, and efficiency in financial operations, simplifying payments and encouraging the growth of the UAE's digital economy. AED Stablecoin CEO Ramez Rafiq noted that AE Coin will be the first stable token regulated by the Central Bank, providing new opportunities for businesses and users in the country.
Google removed price charts for Bitcoin, Ethereum, and Solana from search, leaving XRP, DOGE, and BNB unchanged 🌐
Google has removed price charts for Bitcoin and other cryptocurrencies from search results. Investors suggest that this could be part of an experiment with Google's algorithms ahead of the upcoming US elections. The removal of data affected only some cryptocurrencies: Bitcoin, Ethereum, and Solana, while XRP, DOGE, and BNB remain unchanged.Previously, Google provided real-time cryptocurrency price charts since 2018. It is still unclear whether this is a temporary issue or a permanent change. There have been no official statements from the company yet.Many users noticed that searches like “Bitcoin price” no longer display charts. Despite this, cryptocurrency data remains available through Google Finance, although updates on the platform stopped on October 7, which may indicate a technical issue.Some in the crypto community see this as a deliberate suppression of information about cryptocurrencies.
The South Korean Financial Services Commission creates a Virtual Assets Committee to review spot ETFs and regulate corporate virtual accounts 💼
Monochrome Asset Management launches the first spot Ethereum ETF (IETH) in Australia on Cboe with a 0.50% fee and the ability to transfer assets without capital gains tax 🎯
Phishing Attack Using Permit2 on Uniswap Leads to $1.39 Million Theft of PEPE, MSTR, and APU Cryptocurrencies from Owner via Fake Signature 🎣
Ethena Labs has proposed adding SOL to the collateral basket of the USDe stablecoin with an initial integration of $100-200 million 💰
Chinese researchers claim to have cracked AES-256 encryption algorithms using a quantum computer, which may threaten the security of banks and cryptocurrencies 💻🔐
American regulators collected $31.92 billion in settlements with crypto companies, including a record $19 billion in 2024 💰
Zulu Network has been hacked: Account breach on X led to phishing links, users face data leakage and loss of funds 💻🔒
IT engineer from Newport filed a lawsuit against the city council for £495 million after losing a hard drive with 8,000 Bitcoin 💻
Dubai Virtual Assets Regulatory Authority fines seven crypto companies up to 100,000 dirhams for lack of licenses and violating marketing rules 🌐💰
Dubai's Virtual Assets Regulatory Authority (VARA) fined seven unnamed crypto companies and issued them cease and desist orders. These companies operated without the necessary licenses and violated marketing regulations. The fines range from 50,000 to 100,000 dirhams ($13,600 - $27,200) for each company.VARA, together with local authorities, is conducting an investigation, and the companies are required to immediately cease all operations and halt the promotion of services related to virtual assets.This move appears unusual for a region that seeks to establish itself as a global crypto hub.
Bitnomial filed a lawsuit against the SEC, challenging control over XRP futures worth 100,000 units of the cryptocurrency 💼
The Bitnomial exchange has filed a lawsuit against the SEC due to the commission's attempt to take control over XRP futures. Bitnomial argues that their contracts, certified through the CFTC, should be regulated by that organization. The SEC considers XRP an "investment contract" that requires registration on a stock exchange. Bitnomial refers to the Ripple case, where it was ruled that XRP is not a security, and requests the court to prohibit the SEC from interfering with the listing of the futures.
Elon Musk presents Tesla Cybercab featuring Dogecoin symbol 🐕 Community discusses the possibility of buying a car with Dogecoin 🚗
Tesla CEO Elon Musk has once again grabbed the attention of the Dogecoin community by featuring a Shiba Inu dog, associated with Dogecoin, during the presentation of the new driverless car "Cybercab." This has caused a buzz among DOGE supporters, with many beginning to discuss the possibility of using the cryptocurrency to purchase the new vehicle.One well-known Dogecoin user, DogeDesigner, asked whether it would be possible to purchase a Tesla Cybercab using DOGE. Other community members, such as Sir Doge of the Coin and Đoge420, also noted the symbolism of using a Shiba Inu in the presentation, but there has been no official statement yet about accepting Dogecoin as payment.
The Singapore-based cryptocurrency exchange Fairdesk will cease trading on October 17 and completely shut down on November 30, 2024 🏦
Fairdesk, a Singapore-based cryptocurrency exchange founded in 2021, has announced its closure on November 30.The decision was made amid changes in the market environment and regulatory requirements, as reported in the company’s press release.Starting from October 17, all trading operations on Fairdesk will be halted, with only fund withdrawals available, which will be possible until the final closing date. Users are advised to withdraw their assets by November 30.Fairdesk was known as a derivatives trading platform, offering users the ability to open long and short positions on digital assets with leverage up to 125x.
Best news of the last 10 days
TikTok is laying off fewer than 500 employees in Malaysia and planning global cuts with a shift to AI for content moderation 🌐
Grayscale updates the list of assets by adding 36 crypto projects, including Dogecoin and Arbitrum 💵
The SEC exposed a $42 million cryptocurrency market manipulation scheme involving Gotbit 💥
Karate Combat will launch a layer-2 blockchain network based on Hedera in 2025 and offer the KARATE token for fight predictions 🥋
Arkham Intelligence is preparing to launch a derivatives exchange in November and is moving its headquarters to the Dominican Republic, closing offices in London and New York 🌍
Arkham Intelligence, a blockchain data analytics company backed by OpenAI’s Sam Altman, has hinted at the launch of a derivatives exchange in November.The company plans to close its offices in London and New York and relocate its headquarters to Punta Cana (Dominican Republic) to take advantage of the free trade zone.Sources report that the new derivatives exchange will be focused on retail investors and will offer a user-friendly platform with competitive features to rival existing market giants. However, the exchange will not be available to U.S. investors due to regulatory restrictions.The launch of Arkham's derivatives exchange is a response to the growth of the crypto market and opens opportunities for new players after the collapse of FTX.
World Liberty Financial will launch WLFI token sale on October 15 with the support of Donald Trump and his family, aiming to raise $300 million through the Aave v3 platform on Ethereum 🔥
The World Liberty Financial (WLFI) project, supported by Donald Trump and his family, announced the start of token sales on October 15, just three weeks before the presidential election in which Donald Trump is the Republican candidate. The sale will be open to anyone who has qualified through the project’s whitelist, as announced on the project’s official social media account.The World Liberty Financial project is led by Zachary Falkman and Chase Harrow, who previously worked on the Dough Finance DeFi platform, which was hacked in July, resulting in the theft of $2 million in crypto assets.Members of the Trump family, including Donald Trump himself, are actively supporting this project on social media. Donald Trump has been named the “Chief Crypto Advocate,” while his sons Eric Trump and Donald Trump Jr. serve as “Web3 Ambassadors,” and his youngest son Barron Trump has been designated as the “DeFi Visionary.”According to the project’s roadmap, WLFI plans to raise $300 million through the sale of tokens, valuing the company at $1.5 billion. The new WLFI token will serve as a governance token for the protocol, giving users voting rights on the project’s development issues. The project plans to launch on the Aave v3 platform on Ethereum to provide liquidity for assets such as Ether (ETH), wrapped Bitcoin (wBTC), stablecoins, and other digital assets.
Ripple co-founder Chris Larsen makes a $1 million donation in XRP tokens to Kamala Harris's campaign through Future Forward PAC 💰
Chris Larsen, co-founder of Ripple, donated $1 million in XRP tokens to the Future Forward PAC, supporting Vice President Kamala Harris's campaign.According to data from the Federal Election Commission, the donation, made on August 14, was transferred in the form of 1.7 million XRP tokens. This is the first cryptocurrency donation to Harris's campaign. The Future Forward PAC, which accepts crypto donations through Coinbase Commerce, automatically converts them into the stablecoin USDC to avoid volatility.Larsen's donation holds special significance as Ripple continues its legal battle with the U.S. Securities and Exchange Commission (SEC).
OKX launched a licensed cryptocurrency exchange in the UAE with support for BTC/AED, ETH/AED, and USDT/AED, offering a full range of services for retail and institutional investors 💰
OKX, a global technology company, has opened a licensed cryptocurrency exchange for retail and institutional investors in the UAE. This move follows measures taken by the Virtual Assets Regulatory Authority (VARA), which recently acted against unlicensed companies operating in Dubai.VARA announced fines and sanctions against seven companies that violated the regulations. These measures highlight the authorities' commitment to creating a safe and transparent environment for investors.The launch of OKX was accompanied by an event at the Museum of the Future, featuring prominent figures such as OKX CEO Star Xu and Manchester City manager Pep Guardiola. Verified users from the UAE will have access to spot trading, exchange, and other products.