Editor's Choice
Qualcomm will provide AI-based and wireless technology solutions for Honeywell, supporting digital transformation in the energy sector 🌐
Qualcomm will provide connectivity solutions and AI-enabled chipsets to Honeywell for application across various industrial sectors, including the energy industry, to improve operational efficiency and provide real-time feedback.Clients in the energy sector will be able to use intelligent portable devices and low-power sensors to monitor critical systems. Data from these sensors will be collected via connected hubs or gateways for further processing.This collaboration aims to promote digital transformation in industry, improve production processes, and support automation and energy transition trends. Honeywell will integrate Qualcomm technologies into its AI solutions, such as the Honeywell Field PKS control system, allowing for the collection and analysis of more data on-site.The use of Qualcomm processors with AI support and wireless networks (450 MHz, Wi-Fi, LPWA, 4G/5G) in combination with Honeywell technologies will enable the creation of a new generation of industrial sensors. These sensors will provide more accurate and real-time data for maintenance and object control.The collaboration is focused on creating intelligent solutions that will improve efficiency in the energy sector, enable field workers to make faster decisions, and enhance system performance.
State Street launches bond and money market fund tokenization projects, postponing the creation of a stablecoin and tokenized deposits 🏦
State Street, a major player in asset management and banking services, is working on the tokenization of bonds and money market funds but does not yet plan to issue a stablecoin or tokenized deposits. This was announced by Donna Milrod, the bank's Chief Product Officer, in an interview with Financial News.The company is focused on two tokenization projects, which are expected to be completed next year. Their goal is to create tokenized collateral to cover margin requirements without the need to liquidate assets.Milrod emphasized that tokenization could have prevented the 2022 crisis when pension funds were forced to sell assets to meet margin obligations. Instead, they could have used tokenized money market funds as collateral.State Street is collaborating with the Swiss company Taurus to implement its tokenization projects.
Ubisoft faces a class-action lawsuit from players in the United States for sharing personal data through Meta Pixel without users' consent 🎮
Ubisoft has faced a class-action lawsuit filed by two players from the United States. The case involves the alleged illegal sharing of users' personal data with Meta.On October 3, two players, Trevor Lakes and Alex Rajub, filed a lawsuit in the Northern District of California on behalf of themselves and other affected individuals. According to their statement, Ubisoft shared personal information of users who purchased games through the Ubisoft Store or were subscribers to Ubisoft Plus with Meta, using the Meta Pixel tracker. This tracker collected user data and then transmitted it to Meta.The lawsuit claims that the Pixel tracker was installed on Ubisoft's website without notifying users and without their consent to share the data. According to the U.S. Video Privacy Protection Act of 2013, companies can only share users' personal data with their consent.The plaintiffs are seeking compensation for the violation of privacy and suggest that the court may require Ubisoft to remove the tracker or add a notification on the website regarding data transmission. Ubisoft has not yet commented on the situation.
VanEck Ventures launches a $30 million venture fund for early-stage investments focused on fintech, digital assets, blockchain, and artificial intelligence, supporting innovations in tokenized assets and stablecoins 💼💡
VanEck Ventures is launching a $30 million venture fund for early-stage investments in fintech, digital assets, and artificial intelligence. This move reflects VanEck's strategic expansion into venture capital, built on the company's long-standing philosophy of identifying transformative opportunities at early stages.VanEck CEO Jan van Eck stated, “This fund continues our vision of supporting pioneering markets, as we did with gold in 1968 and Bitcoin in 2017. We aim to back founders whom we believe will lead the future of finance.”VanEck Ventures focuses on startups leveraging cutting-edge technologies such as blockchain and artificial intelligence. The fund’s investment strategy aims to support teams building innovations at the applied level. Key focus areas for the fund include tokenized assets, financial online marketplaces, and new payment solutions based on stablecoins.The fund is led by experienced investors Wyatt Lonergan and Juan Lopez, who previously worked successfully at Circle Ventures. The fund plans to make 25-35 investments with amounts ranging from $500,000 to $1 million.
Canary Capital has filed for a spot XRP ETF with the SEC following a similar move by Bitwise Asset Management, strengthening the race to launch new cryptocurrency products 📈
Wirex Pay launches a modular blockchain system for cryptocurrency payments with support for Tether, USD Coin, and Dai via non-custodial wallets 💳
Google integrates support for Ethereum Name Service (ENS): Search for .eth names, instant Ethereum wallet balance check, and simplified cryptocurrency transactions 💼
The Supreme Court of Brazil lifted the ban on X (formerly Twitter) after fines of 28 million reais 💰($5.1 million) and account blocks for disinformation 🔐
The government of Palau and Japan's Soramitsu have introduced the blockchain system "Palau Invest" for purchasing savings bonds in US dollars via a mobile app 💰🌐
Coinbase adds support for sending Bitcoin to Taproot addresses, providing privacy and reducing fees for millions of users 🌐
NTT Digital becomes a validator for Injective, supporting network growth of 2000% and more than 1 billion transactions, strengthening its presence in Web3 🌐 and blockchain technology 📈
The BCI division returned $130,000 of the $280,000 stolen from a 75-year-old Ohio resident through a cryptocurrency scam involving pop-up warnings 💸
A Russian investigator sentenced to 16 years for receiving a $73 million bribe in Bitcoin from an organized crime group 🎯
A former Russian investigator has been sentenced to 16 years in prison for receiving a bribe in Bitcoin, marking the largest corruption case in Russia's history.Marat Tambiev received around $73 million in Bitcoin from an organized crime group he was investigating. This bribe is more than five times larger than the previous biggest bribe in the country, according to reports by Russian media cited by Reuters.Tambiev transferred more than half of the crime group's funds to his own crypto wallets instead of confiscating all assets for the state, as required by law. The keys to these wallets were found by investigators in a file on his computer labeled "Pension."In court, Tambiev insisted on his innocence, arguing that his actions allowed the state to recover part of the funds belonging to the crime group. Nevertheless, he plans to appeal the sentence.Some of the stolen funds have been recovered, but the whereabouts of the remaining Bitcoin have yet to be determined. It is also reported that his alleged accomplice received nine years in prison.
An 86-year-old former attorney from California sentenced to 5 years of probation and ordered to pay $14 million for participating in a Ponzi cryptocurrency scheme involving Bitcoin 💰⚖️
An 86-year-old former attorney from California was sentenced to five years of probation and ordered to pay nearly $14 million after being found guilty of organizing a multimillion-dollar Ponzi cryptocurrency scheme.According to a ruling by the Federal Court in Las Vegas on October 8, David Cagle was convicted on one count of conspiracy to commit commodity fraud. In May, Cagle pleaded guilty.From 2017 to 2022, Cagle, along with two accomplices, attracted people to invest in a fraudulent scheme related to trading bots, promising high profits and no risk.Over the years, the criminals managed to obtain about $15 million from investors in "various cryptocurrency trading programs." Cagle used his position as an attorney, sending letters on official law firm letterhead, which helped instill trust in the scheme.Deceived individuals believed their money was being invested in cryptocurrency markets using trading bots, and Cagle assured them that he held 1,000 bitcoins in trust.
South Korea is planning to introduce foreign exchange controls over stablecoin transactions due to their growing use in international trade 💼
South Korea is considering the introduction of foreign exchange controls over stablecoin transactions, reflecting the government's concern over their increasing use in international trade. The country's Ministry of Economy and Finance is exploring measures to enhance the stability of cryptocurrency transactions, particularly those involving stablecoins.While stablecoins are currently used primarily within the cryptocurrency ecosystem, the ministry believes they may soon become a means of payment and settlement in the real economy. There are concerns that these assets operate outside the state's control, which could pose a threat to the stability of the country's currency market.No specific timeline for the introduction of controls has been announced yet. However, the Financial Services Commission is expected to focus on discussions regarding stablecoin regulation as part of an upcoming legislative initiative, drawing on the experience of Japan and the European Union.
Binance discovered and requested the return of 1.35 million Solana (SOL) tokens worth $190 million, which FalconX had been holding since 2021 due to an accounting error 🔄
Crypto broker FalconX has been holding 1.35 million Solana (SOL) tokens since 2021 but didn't know who they belonged to. Now that their value has grown to $190 million, it has been revealed that these tokens belong to Binance, the largest cryptocurrency exchange. Binance recently reached out to FalconX to ask for their return.How FalconX lost track of these assets, and why Binance failed to notice for several years, remains unclear. However, this case raises questions about the quality of accounting and control systems in the crypto space.FalconX confirmed the existence of a "reconciliation anomaly" with Solana tokens. When the company reconciled its records with exchanges, clients, and partners, no transactions related to these tokens were found.Binance assured that its clients' funds were never at risk, and if the tokens had not been found, the exchange would have simply written off the loss.
Best news of the last 10 days
deBridge launches deBridge Hooks for instant data transfer between Solana and Ethereum blockchains with risk management support on Aave 🌐💱
Crypto.com files a lawsuit against the SEC, accusing it of illegal actions in regulating cryptocurrency transactions with Bitcoin (BTC), Ether (ETH), and other digital assets, demanding a review of jurisdiction and compliance with federal laws 🏛️⚖️📊
Solv Protocol and BNB Chain have launched the Staking Abstract Layer (SAL), opening new earning opportunities for Bitcoin holders without losing liquidity and security: more than 20,000 BTC has already been staked with a total TVL of $1.3 billion 💰🚀
Uber Introduces GPT-4o-Based AI Assistant to Accelerate Drivers' Transition to Electric Vehicles 🚗 with a US Launch in 2025 🔋
Bybit Announces Strategic Partnership with Nordic Blockchain Association to Strengthen Blockchain Ecosystem 🔗 and Host the Largest Blockchain and Web3 Conference in Northern Europe 🌍
Bybit, the second-largest cryptocurrency exchange in the world, has announced a strategic partnership with the Nordic Blockchain Association (NBA), the organizer of the largest blockchain and Web3 conference in Northern Europe. The collaboration aims to strengthen the regional ecosystem and support international engagements to drive innovation.NBA is actively developing the blockchain community by promoting education and supporting startups. The key event of the partnership will be the Nordic Blockchain Conference 2025 (NBC25), the largest blockchain event in Northern Europe, which will bring together global industry leaders to discuss new trends and solutions.Helen Liu, COO of Bybit, noted that this partnership aligns with their goal to support global blockchain ecosystems. Jakob Mikkel Hansen, CEO of NBA, emphasized the importance of this collaboration for Northern Europe.
ZachXBT helped an elderly American recover $275,000 stolen by scammers through Ethereum, Bitcoin, and TRON, which were converted into stablecoins through OTC markets 🎯
Blockchain transaction investigator ZachXBT helped an elderly American recover $275,000 that was stolen by scammers posing as Coinbase support.The incident occurred in April when Indian phone scammers managed to steal a significant portion of the victim's savings. Zach stated that the stolen funds were seized and returned to the victim, but his investigation revealed that this group of scammers had stolen more than $5 million from other victims.These criminals transferred the stolen funds from Ethereum and Bitcoin to TRON through centralized exchanges and then converted them into stablecoins via over-the-counter (OTC) markets.
Alchemy Pay announces support for Samsung Pay for fiat-crypto payments 💳
Alchemy Pay (ACH) announced the support of Samsung Pay for making cryptocurrency payments.The company Alchemy Pay, which offers solutions for fiat-crypto payments, has announced a new partnership with Samsung. Now, Alchemy Pay users can link their virtual cards to Samsung Pay for fast and secure transactions.As part of this partnership, Alchemy Pay virtual cardholders will be able to use Samsung Pay for both online and offline purchases, providing convenient and secure ways to use cryptocurrency.This move makes the process of paying with cryptocurrency even easier and more accessible, thanks to the popular Samsung Pay platform.
Monerex creates the first Web 3.0 bank based on XRP Ledger, offering fast transactions and decentralized financial services 💳🌍
The fintech company Monerex has announced the creation of the first Web 3.0 bank based on the XRP Ledger (XRPL), combining traditional banking services with decentralized finance (DeFi). This innovative solution will open new opportunities for individuals and businesses.Web 3.0 BankingWeb 3.0 banking focuses on decentralization, security, and accessibility. It eliminates intermediaries in transactions, reduces costs, and makes operations transparent. Decentralized networks and blockchain ensure data security through cryptography and smart contracts.Web 3.0 removes barriers to accessing financial services by offering fast and cheap transactions globally.Why XRPL?XRP Ledger was chosen for its high transaction processing speed (1,500 transactions per second) and security. This makes it an ideal platform for high-frequency payments and microtransactions.Monerex and Ripple PartnershipBy using the XRP Ledger, Monerex will create a full-fledged Web3 bank with a wide range of services, including asset management and loans, offering unique DeFi solutions.The FutureThe Monerex Web 3.0 bank will pave the way for the mass adoption of decentralized finance, attracting the attention of investors and regulators and contributing to the development of the financial systems of the future.