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Crypto ATM Expansion Continues with Bitgamo Set to Install 90 More in 2024
8.11.2023
Source: AdobeStock / l_martinez Crypto ATMs are continuing to expand globally with over 32,500 installed so far, Financial Times reported. Crypto ATMs allow everyday individuals to convert traditional fiat money into cryptocurrencies and vice versa, offering a level of convenience akin to standard...
USDC Stablecoin Issuer Circle Contemplates Potential IPO for 2024
8.11.2023
Source: Circle Internet Circle Internet, the issuer of USD Coin stablecoin, is eyeing a potential initial public offering (IPO) in early 2024, according to Bloomberg. The company is currently in discussions with advisors to weigh the feasibility and timing of such a move to the public markets,...
Famous Economist and Crypto Hater Nouriel Roubini Launches His Own Cryptocurrency
8.11.2023
Source: X / @Nouriel Famous economist Nouriel Roubini, who once said 99% of crypto is a scam, has now launched his own crypto project. Also known as “Dr.Doom” for his pessimistic predictions, Roubin has co-founded a cryptocurrency project called “Atlas”. The project is being advertised as some...
Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin
8.11.2023
Image Source: Wintermute Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins. In a recent post on X (formerly Twitter), Wintermute CEO Evgeny Gaevoy accused NEAR...
Oracle Employee Allegedly Involved in $54 Million Crypto Laundering Scheme
8.11.2023
Source: Pexels An Oracle employee with a unique nighttime persona as a party entertainer is now under investigation for his alleged involvement in a $54 million crypto money laundering scheme. Brian Krewson, who goes by the alias “Mr. Poto” during his party entertainer gig, has not been...
Japanese Megabank Mitsubishi UFJ Teams up with Crypto Exchange for Stablecoin Project
8.11.2023
Source: Funtap/Adobe The Japanese banking giant Mitsubishi UFJ will join forces with one of the nation’s biggest crypto exchanges for a new stablecoin offering. The bank will team up with Bitbank, one of Japan’s biggest and longest-running crypto exchange platforms. The firms and their partners...
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m
8.11.2023
Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people...
Coinbase to Cease Bitcoin SV Support by Jan 2024, Urges Holders to Withdraw Tokens
8.11.2023
Source: Adobe / prima91 Leading crypto exchange and wallet Coinbase on Tuesday, unveiled plans to completely cease support for Bitcoin SV (BSV) token. The platform had delisted the token in 2021. Coinbase confirmed the changes in a note sent to users stressing that the platform “will no longer...
Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions
7.11.2023
Source: Iliya Mitskavets/Adobe The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law. According to a report from November 7 by...
Moody’s Analytics Introduces AI Service To Predict Stablecoin Depegs
7.11.2023
Source: Pixabay Financial intelligence company Moody’s Analytics is launching a new AI service that can predict stablecoin depeggings while providing real-time insights about stablecoin issuers’ liquidity and stability. In a press release yesterday, the company unveiled its new Moody’s Analytics...
Top Crypto Gainers Today on DEXTools – SNAPCAT, SATS, PEPEGO
7.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP (XRP) and BNB (BNB) are consolidating on Tuesday as traders take stocks of gains in recent weeks and eye commentary from Fed policymakers later in the week. But with US stocks pushing up...
Animoca CEO: Blockchain Game Sector Rejuvenated by Spot Bitcoin ETF Enthusiasm
7.11.2023
Animoca Brands co-founder Yat Siu. Source: Animoca Brands CEO Yat Siu. Source: Animoca Brands/Canva The hype surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF) is not only driving up the price of Bitcoin but has also reignited enthusiasm in the crypto gaming sector...
Investment Firm Proof Group Eyes Revival of Bankrupt Crypto Exchange FTX
7.11.2023
Source: AdobeStock / Rafael Henrique Proof Group is one of three bidders eyeing a potential acquisition of the fallen crypto exchange FTX according to multiple sources familiar with the matter. The investment firm is already familiar with the crypto sector. As part of the Fahrenheit Consortium,...
Euro Stablecoin Startup StablR Secures €3.3 Million in Seed Funding
7.11.2023
Source: IQoncept / Adobe StablR, a euro stablecoin startup that began operating just over a year ago, has successfully raised €3.3 million ($3.5 million) in a seed funding round. The investment comes from a consortium of backers, including crypto derivatives exchange Deribit and venture firms Maven...
Custodia Bank Launches Bitcoin Custody Service for Businesses
7.11.2023
Source: Pexels Custodia Bank, a crypto-friendly bank, announced that it has officially launched its Bitcoin custody platform to customers in select U.S. states. On November 7, Custodia Bank, formerly known as Avanti Financial Group, announced on X (formerly Twitter) that they have now launched...
Coinbase Bolsters Global Advisory Council, Adds 4 National Security Advisors
7.11.2023
Source: Pixabay Coinbase will add four national security experts to its Global Advisory Council, it announced on Tuesday. In a press release, the crypto exchange platform revealed that Mark T. Esper, Stephanie Murphy (D-FL), Frances Townsend and David Urban would join its Council, which...
Animoca Brands Japan and KLKTN Partner with Cool Cats for Web3 Expansion into Japanese Anime Market
7.11.2023
Source: Animoca Brands Animoca Brands Japan, in collaboration with its KLKTN subsidiary, has announced a partnership with Cool Cats Group to venture into the Japanese anime market through web3 integration. In a recent announcement, Animoca Brands Japan disclosed its acquisition of equity shares...
Attendees of Yuga Labs’ ApeFest Event Report Eye-Related Issues; Yuga Labs Investigating Cause
7.11.2023
Source: AdobeStock / alexandarilich Attendees of the Yuga Labs ApeFest event in Hong Kong have reported suffering burns, eye damage, and extreme pain in their eyes after attending the event. The attendees at the Yuga Labs ApeFest event in Hong Kong on November 4 suffered eye burns, impaired...
Kenyan Blockchain Association to Issue First Draft of The Country’s Crypto Regulation
7.11.2023
Source: Pexels The Blockchain Association of Kenya (BAK) has announced that it will prepare the first draft of the country’s blockchain legislation as it seeks to join the list of nations with proper rule clarity. According to local media reports, the lobby group met with the National Assembly...
Today in Crypto: US SEC Candidates Unwilling to Divest Crypto Assets, BSC Ranks 4th in Q3 Fiat Losses
7.11.2023
Source: AdobeStock / MuhammadIlyas Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Career news The US Securities and Exchange Commission (SEC) is having trouble hiring crypto experts –...