India tops global crypto use despite offshore exchange ban
India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received.
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Brazilian bank suspends native crypto token trading following 97% price drop
Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9.
UAE regulators to allow Dubai-licensed VASPs to service entire country
The agreement between UAE regulators covers the mutual supervision of crypto providers, penalty imposition, information exchange and employee training.
OpenAI to release ‘Strawberry’ reasoning for ChatGPT in coming weeks: Report
OpenAI is set to introduce “Strawberry,” a new reasoning-focused AI model that enhances the AI’s ability to “think” before responding. Strawberry is expected to be released in the coming weeks.
Bitcoin net flows hit $750M, highest outflow since May
Large Bitcoin outflows may signal rising demand as investors shift BTC into cold storage, reflecting institutional confidence.
Bitcoin drops on Trump-Harris debate, with BTC price down 2.2% pre-CPI
Bitcoin bulls are caught between a disappointing US Presidential debate and classic pre-CPI BTC price pressure.
Indonesian crypto exchange Indodax goes offline after suspected $22M hack
The breach compromised hot wallets on Indodax, resulting in the loss of Bitcoin, Ether, Tron, Polygon, and Optimism. Indodax has temporarily suspended operations.
Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate
Some commentators note that Based Rollups align incentives between Ethereum layer 2 and its base layer validators, which could result in deflationary issuance again.
Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off.
Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO
Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated.
Atomic Wallet wins dismissal of class suit over $100M hack
A US judge found a Colorado court lacked jurisdiction over the Estonian-based Atomic Wallet, its CEO and a sister software development firm.
US lawmakers divided in first Congressional hearing on DeFi
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion.
Bitcoin miner solves block alone, grabs $180,000 reward
A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain.
Harris-Trump debate: Trump’s odds to clinch election fall 3% on Polymarket
Kamala Harris and Donald Trump made no mention of digital assets during their first-ever debate as Trump’s odds of victory plunged on betting markets.
Altcoin market resilience signals ‘potential regime change’ — Analysts
Crypto investors might be shifting their mindset and may not always turn to Bitcoin as a haven during market uncertainty, Bitfinex analysts suggest.
Japan’s Metaplanet up 6% as Bitcoin stack nears 400 BTC
Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.
Prediction markets are the killer blockchain app we've been waiting for
As markets continue to evolve and integrate with Web3 — from DeFi to gaming — we're likely to see an explosion of creativity.
Digital Chamber calls for Congress to address SEC actions against NFTs
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs.
Crypto exchange volumes reflect Bitcoin traders’ ‘reduced trading appetite’ — Glassnode
Glassnode data highlights a “notable decline in trade activity over the last quarter,” but traders are hopeful that Q4 will bring a sharp trend reversal.
tZero becomes 2nd FINRA-approved broker-dealer for digital securities
The company is following the steps of Prometheum, which now treats four cryptocurrencies as securities.
BitGo deploys wrapped BTC on Avalanche and BNB Chain
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
Bitcoin price eyes’ last dip’ before October breakout: Analysts
Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.
6% want to hear Harris and Trump talk about crypto at debate — Poll
The first and possibly only US presidential debate in 2024 will have the two candidates meeting in person for the first time.
Accenture invests in Emtech to strengthen CBDC, fintech solutions
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.
State Street, Galaxy launch 3 new crypto ETFs
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies, and futures.
Ethereum Name Service integrated with PayPal, Venmo for crypto transfers
The integration allows Venmo and PayPal users to transfer cryptocurrency using simple ENS names, replacing long wallet addresses.
Owner of unlicensed UK crypto ATM network faces criminal charges
The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
EigenLayer AVS ARPA to launch native restaking rewards soon
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.
Bitcoin awaits US CPI print as options markets see 3.3% BTC price move
BTC price volatility is expected to accompany US macro data and the Presidential debate, while Bitcoin traders stay cautious about the recent rebound.
Caroline Ellison asks to seal supporters’ info at Sept. 24 sentencing
A filing in federal court suggested that the former Alameda Research CEO had a sentencing hearing scheduled for Sept. 24 — the first in the FTX case since Ryan Salame’s in May.