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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...
Argentina’s E-Commerce Giant MercadoLibre Reports $21 Million in Customer Crypto Assets
2.11.2023
MercadoLibre , the renowned e-commerce platform in Argentina, has seen notable growth in its crypto segment. According to the company’s latest quarterly earnings report, MercadoLibre’s customers held a total of $21 million in crypto assets as of September 2023, a significant increase...
Major Token Unlocks in November: Aptos, Avalanche, Hashflow Take the Spotlight – Huge Sell-Off Incoming?
2.11.2023
November is seeing a wave of token unlocks from leading crypto projects, including Aptos, Avalanche, and Hashflow, which will dump over $320 million worth of tokens on the market. Among them, Aptos, a layer-1 blockchain project led by former Meta executives, will witness the most substantial token...
Revolut Named Most Crypto-Friendly Bank in the UK
2.11.2023
Revolut has become the most cryptocurrency-friendly bank in the United Kingdom. According to a report by Recap, Revolut stands out from other banks by allowing customers to trade cryptocurrencies directly through its mobile banking app and providing them with educational materials to enhance their...
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...
PayPal faces SEC action related to PYUSD stablecoin: Report
2.11.2023
PayPal was the first significant fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...
Report: Lazarus Group Deploys New ‘Kandykorn’ Malware in Crypto Exchange Attack
2.11.2023
The state-sponsored North Korean hacker group Lazarus Group used a new type of malware called “Kandykorn” to target a cryptocurrency exchange. On October 31, Elastic Security Labs reported that the notorious Lazarus Group used a new type of malicious software (malware) called...
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
1.11.2023
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus reserves supporting the company’s tokens...
Today in Crypto: Hackers Stole $1.41 Billion YTD and $22.2 Million in October, Google Cloud Launches Solana Network Dataset on BigQuery
1.11.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Security news Bug bounty and security services platform Immunefi published its ‘Crypto Losses in October 2023...
US crypto custody firm BitGo wins BaFin license in Germany: Report
1.11.2023
BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020
Tether’s Q3 Attestation Reveals $3.2 Billion Excess Reserves Backing USDT
1.11.2023
Tether, a leading stablecoin provider, reported in its Q3 2023 report that it has $3.2 billion of excess reserves backing the value of its stablecoins, including USDT. On October 31, Tether Holdings Limited published its Consolidated Reserves Report (CRR) for Q3 2023, which has been validated...
GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule
1.11.2023
The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities...
Vitalik Buterin Foresees Diverse Scaling Strategies for Ethereum L2 Solutions
31.10.2023
Ethereum’s co-founder, Vitalik Buterin, has released a comprehensive analysis that delves deep into the intricate world of Layer 2 (L2) solutions on the blockchain. Different types of layer 2shttps://t.co/ry4VTtWhJ1 — vitalik.eth (@VitalikButerin) October 31, 2023 In a chain analysis...
Report: Bungie Blames 100 Layoffs On Players Leaving Destiny 2
31.10.2023
Bungie employees knew the Destiny 2 studio was struggling, but might not have expected a recent mass layoff of roughly 100 staff. That’s according to a new report by Bloomberg which details a meeting earlier this month in which studio leadership blamed poor player retention following 2023's...
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
SBF says spending FTX customers' money was part of 'risk management': Report
31.10.2023
At the time of bankruptcy, FTX faced a shortfall of $8 billion owing to its customers
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $35,000 Ahead of US Consumer Confidence Report
31.10.2023
Bitcoin continued to trade under the $35,000 level on Tuesday, as markets prepared for the upcoming U.S. consumer confidence report. It is expected that the confidence index will come in at a reading of 100 in October, down from 103 the month prior. Ethereum remains above $1,800. Bitcoin Bitcoin...
Cardano’s Q3’23 performance report goes public
31.10.2023
The numbers for Cardano for the third quarter of 2023 are pretty interesting and worth noting. Its active wallet addresses on a daily average have gone down to 41,137 in comparison to the previous quarter. The change is rather steep when looked at from the perspective of YTD. The ADA price has come...
Daniel Shin Blames Terraform Collapse on Do Kwon's Management: Report
31.10.2023
Shin is attempting to distance himself from Terra and Kwon as he faces trial in South Korea