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Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge
3.11.2023
Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong growth...
Injective integrates Kava for stable asset interoperability
3.11.2023
Injective has announced integrating Kava to boost access to stable assets like USDt. The development comes against the backdrop of Injective securing an association with the Tether Foundation. The integration entails two aspects: Direct IBC bridging of USDt into the ecosystem of Injective, with...
UK Crypto Regulation Plan Draws Criticism from Former FCA Head
3.11.2023
Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments. His comment comes as the UK government is moving forward with its plans to regulate...
VERTU Introduces METAVERTU2, a Revolutionary Web3 and AI Smartphone – How Does It Work?
3.11.2023
Manufacturer of luxury handmade mobile phones VERTU has revealed its METAVERTU2: a “highly secure” Web3 smartphone with extensive storage capacity, AI model tagging data, and AI agents managing tasks. It is described as an AI companion called “One More Brain.” The device...
Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
U.S. Authorities Seize $54 Million Worth of Crypto from a Drug Ring Leader
3.11.2023
The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney Philip R. Sellinger filed a civil forfeiture action. The goal is to reclaim the seized cryptocurrency. This crypto is linked...
Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders
3.11.2023
The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to dissolve, distributing most of its assets to tokenholders in the process. On November 2, the Aragon Association (AA) announced in a blog post that it would be dissolving...
Dubai Financial Services Authority Adds XRP and Toncoin to List of Recognized Tokens
3.11.2023
The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens. This development underscores the DFSA’s commitment to creating a conducive regulatory environment for digital...
As the Jury Deliberates in SBF Trial, what happens next?
3.11.2023
As the jury begins deliberations in the trial against Sam Bankman-Fried, questions remain over what impact the verdict will have on the crypto industry as a whole. Here’s what to expect going forward. The future of FTX John Jay Ray III, an attorney with a track record for recovering funds...
Coinbase Halts Staking Services in Maryland Following Securities Commissioner’s Order
2.11.2023
In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the Maryland Securities Commissioner on June 6, 2023. The order...
Swiss National Bank Launches Wholesale CBDC in Partnership With Six Commercial Banks
2.11.2023
The Swiss National Bank (SNB) is ramping up its efforts on the issuance of a wholesale central bank digital currency (wCBDC). According to a press release, the Swiss central bank is collaborating with six commercial banks and the SIX Digital Exchange (SDX) to fast-track the implementation of...
SEC’s Legal Defeats Stockpile Concerning: Ripple Legal Chief
2.11.2023
A growing stockpile of legal defeats suffered by the US Securities and Exchange Commission (SEC) has garnered widespread attention. One notable observer is Ripple’s Chief Legal Officer Stuart Alderoty, who has expressed concern over this trend. In a recent tweet on X (formerly Twitter)...
Pyth Network’s Token Airdrop Program Includes 75,000+ Eligible Wallets – Here’s How to Check Eligibility
2.11.2023
Pyth Network – a popular blockchain oracle provider – has announced plans for a “retrospective token airdrop” to community members who have contributed to its network. The airdrop will distribute 6% of the total supply of the network’s governance token, PYTH,...
Dubai Moves Forward with Crypto Adoption as WadzPay Secures VARA Initial Approval
2.11.2023
  On October 31, the Dubai Virtual Assets Regulatory Authority (VARA) gave “Initial Approval” to WadzPay signifying a noteworthy stride towards broadening crypto adoption in Dubai. The approval is part of WadzPay’s progress toward achieving a comprehensive Virtual Asset...
Games Backed by Disney, Alibaba, Google, Square Enix Will Build on Immutable zkEVM, ‘Blockchain Gaming to Become Synonymous with Gaming’
2.11.2023
Three new upcoming games from Australia and Asia-based teams have committed to building on Zero-Knowledge (ZK) proof-based scaling rollup Immutable zkEVM. In an interview with Cryptonews, Michael Powell, Product Marketing Lead at Web3 gaming platform Immutable, discussed the relevance of ZK...
Stablecoin Issuer Circle Terminates Consumer Account Support
2.11.2023
Stablecoin issuer Circle is discontinuing support for consumer Circle Mint accounts. In a statement on its website, the company wrote, “Consumer-only Circle Mint accounts will no longer be supported and will be closed. No further action is required from the account holders in this...
Coinbase’s Stand With Crypto Advocacy Group Raises $2M In Two Months
2.11.2023
The Coinbase-backed advocacy group Stand With Crypto has raised $2 million in a couple of months, with over 80,000 donors contributing to the initiative’s goal of influencing policymakers and being a “one stop shop” for crypto advocacy. The organization also confirmed that...
Deutsche Telekom Becomes Validator of Privacy-Focused Aleph Zero, More to Come
2.11.2023
Privacy-enhancing layer-1 blockchain Aleph Zero has announced Deutsche Telekom’s wholly-owned subsidiary, Deutsche Telekom MMS, as its newest validator. Talking to Cryptonews, execs from the two companies discussed the relevance of supporting blockchains, what it means when a major company...
The ultimate Polygon CDK guide for Sovereign L2 Scaling
2.11.2023
Polygon Labs recently released a full-fledged guide on Polygon CDK sovereign L2 scaling. The guide was shared on the official X/Twitter channel of Polygon. The tweet stated how the Polygon Chain Development Kit allows developers to design and release Zk L2s on Ethereum. Now, Polygon is trying...
PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin
2.11.2023
The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin...