Wed, 26 Aug 2026 23:50:10 GMT
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In an effort to promote openness, Crypto.com has disclosed their proof of reserves amid the liquidity crisis plaguing the FTX cryptocurrency market. The exchange claims that some of its reserves consist of 53,024 Bitcoins and 391,564 Ethereum, and it promises to release fully audited results in the future. It's noteworthy that the company announced the reserves after reaching the milestone of 70 million users.
Scottie Pippen, a legendary basketball player who won six NBA titles with the Chicago Bulls in the 1990s, displayed the first-ever NFTs that were designed specifically for him. Scottie Pippen receives a unique, made-to-order NFT through Arbitrum. Mr. Pippen shared a photo that had been turned into a non-fungible token (NFT) using the Smolverse platform. The NBA player continued by saying he was eager to test out a fresh batch of intriguing NFT products.
On Friday morning (ET), a long line of so-called "sleeping bitcoins" moved after lying dormant for more than 11 years. Seven different BTC addresses created on October 7, 2011, were the source of the 3,500 BTC worth more than $60 million. Btcparser.com discovered the 3,500 bitcoins from 2011, and the owners of the seven different addresses did not spend any of the corresponding bitcoin cash (BCH) or bitcoinsv (BSV) tokens.
In the wake of FTX's unexpected collapse, US senators Debbie Stabenow and John Boozman have redoubled their efforts to publish a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA). The cryptocurrency community wasn't sure for a brief period of time how the senators would react to the FTX crisis because it is believed that FTX CEO Sam Bankman-Fried strongly backed the DCCPA bill.
A cooperative experiment with wholesale central bank digital currencies (wCBDCs) will be launched by the Monetary Authority of Singapore (MAS) and the New York Innovation Center (NYIC) of the Federal Reserve Bank of New York. As part of its framework, NYIC and MAS will use wCBDCs as a settlement asset in international transactions involving multiple currencies. The goal is to evaluate wCBDC's potential ability to lower settlement risk.
According to Justin Sun, the founder of Tron, the company is ready to give billions of dollars in assistance to FTX.com should a deal to save the struggling cryptocurrency exchange go through. Sam Bankman-Fried, the company's founder, told investors that the company needs at least $4 billion in new funding to stay afloat as it currently has a shortfall of up to $8 billion. Sun stepped in to hold negotiations after Binance backed out from a rescue negotiations.
The Cathie Wood-led Ark Investments has expanded its Coinbase stock holdings amid the turmoil on the FTX and cryptocurrency markets by purchasing 237,675 Coinbase shares for around $12.1 million. Ark Investment Management added 207,527 shares to its ARK Innovation exchange-traded fund, 22,416 shares to its ARK Next Generation Internet ETF (ARKW), and an additional 7,732 shares to its ARK Fintech Innovation ETF from the 237,675 Coinbase shares.
After it was claimed that El Salvador's president was holding some of the country's Bitcoin on the FTX crypto exchange, the CEO of Binance disputed such claims as informed by President Bukele. After Novogratz, a proponent of the Terra (LUNA) ecosystem prior to its collapse, said that El Salvador owned Bitcoin on FTX, he later apologized to President Bukele and the people of El Salvador, saying that he had fallen for the false news.
The biggest crypto exchange in the world, Binance, has made its hot and cold wallet addresses public and will soon reveal information about its financial standing. It gave a brief overview of its holdings at the time, which included roughly 475,000 BTC, 4.8M Ether, 17.6B USDT, 21.7B BUSD, 601M USDC, and 58M BNB. An additional $1B is kept in its Secure Asset Fund for Users, which it established in 2018 as an emergency insurance fund to shield users.
A new fan engagement tool powered by Bitcoin has been introduced by the bitcoin baseball team Perth Heat. The "#sats4stats" feature enables spectators and supporters to send players Bitcoin in real-time using the Lightning Network, a peer-to-peer currency's overlay technology for quick and inexpensive transactions. The function was created in association with IBEX, the Perth Heat's authorized Bitcoin Lightning processor, and will be accessible beginning on November 11, 2022.
To combat the contagion fears plaguing the crypto market, a number exchanges like Binance, Huobi, OKX, KuCoin have stated intentions to publicize their fund reserves. Binance CEO, says that Merkle-tree proof-of-reserves can be performed by crypto exchanges, noting that Binance would shortly begin this program in an effort to achieve complete transparency. He says that unlike financial companies, which function on fractional reserves, crypto exchanges shouldn't.
According to Christine Lagarde, president of the European Central Bank, the European Commission will soon offer a legislative proposal for a digital euro. The legal tender status and privacy characteristics of the new money are expected to be determined by EU legislators. According to Christine Lagarde, their efforts are now concentrating on the actual design of the digital euro and how it would be included into a legal framework.
After being offline for more than 48 hours, the troubled cryptocurrency exchange FTX appears to have started processing withdrawals once more. Following its demise, Binance committed to purchasing FTX.com but then changed its mind and backed out of the transaction. Sam Bankman-Fried seems to be on the verge of collapse. However, according to the block explorer Etherscan, withdrawals started to leave the exchange once more around 11 a.m. ET.
The recent U.S. Consumer Price Index (CPI) report revealed better results for October than initially anticipated, halting the decline of the largest digital asset, Bitcoin, and relieving pressure on the cryptocurrency industry brought on by the FTX drama. Bitcoin increased its market capitalization by as much as $15 billion in just 15 minutes following the release of the inflation data, which showed that consumer prices rose by 7.7% in October.
In the most recent instance of crypto and TradFi coming together, Galaxy Digital has introduced a bitcoin ETF in Brazil through a collaboration with Latin America's largest private asset manager. The cryptocurrency unit has partnered with seasoned hedge fund company Itaú Asset Management in an effort to create a comprehensive lineup of physically backed cryptocurrency ETFs in Brazil. Its initial exchange-traded fund was scheduled to start trading on Thursday.
Subway, the biggest franchise in the world, is testing the Lightning Network layer-2 Bitcoin payments system in Berlin, Germany, and the results so far are good. In Moscow, Russia, over 13 years ago, Subway conducted its first Bitcoin test. Daniel Hinze, the proprietor of the Berlin Subway franchise, has tallied more than 120 Bitcoin transactions during the last three months. Hinze provided a 50% discount on all Bitcoin payments for the first week of the campaign.
ConsenSys, a provider of blockchain software technology, has added a new functionality to its MetaMask crypto wallet as an ongoing effort to increase blockchain interoperability. MetaMask users can now connect to several blockchain networks with MetaMask Bridges, which collects many blockchain bridges in one location. Ethereum Virtual Machine (EVM)-compatible blockchains like ETH, Avalanche, BNB Smart Chain, and Polygon are supported by MetaMask.
LINK staking is scheduled to start at the end of this year, according to a tweet that was recently sent by the official Chainlink account. Early eligibility was made available to the community on Monday of this week. Potential stakers will be able to determine which percentage of the staking pool they have access to thanks to this. Also anticipated to increase is the availability of stakes.
MUFG, the largest financial organization in Japan, is moving to enter the metaverse. In order to participate in ANA's planned digital platform, the company established a cooperation with ANA Holdings, a group of businesses focused on air travel and transportation services. The platform is anticipated to launch with a 38 million user base, which corresponds to the company's mileage members. In 2023, the ANA Granwhale metaverse platform is expected to be operational.
According to investment statistics from James Butterfill, head of research at CoinShares, recent developments in the Ripple vs. Securities and Exchange Commission (SEC) lawsuit appear to have increased investor trust in XRP-related investment products. In its most recent report on digital asset fund flows, Butterfill stated that XRP investment products had attracted institutional inflows for a third straight week totaling $1.1 million.
The principal financial watchdog in Hong Kong is actively exploring to establish a legal framework that would let individual investors to trade exchange-traded funds (ETFs) with exposure to cryptocurrency futures. Julia Leung, the Securities and Futures Commission's (SFC) deputy chief executive officer reportedly stated last week that the SFC is actively looking to establish a regime to authorize ETFs that offer common virtual assets with appropriate investor safeguards.
Within the free economic zone of Abu Dhabi, a brand-new association with a focus on blockchain and cryptocurrencies has been established with the goal of advancing the growth of ecosystems for these technologies throughout the Middle East, North Africa, and Asia. According to its website, the nonprofit group will work to promote regulatory solutions, develop business opportunities, and make educational investments to assist industry growth.
According to current estimates, among publicly traded corporations, the bitcoin mining company Marathon Digital Holdings holds the second-largest amount of the cryptocurrency. Marathon Digital CEO Fred Thiel announced during the business's third-quarter results call that the company currently possesses 11,300 BTC, or roughly $205 million, making Marathon the second-largest Bitcoin holder among publicly traded corporations globally.
Laser Digital, the recently-launched cryptocurrency subsidiary of Nomura, aims to hire a lot more people to expand its range of services. The bitcoin trading platform for institutional clients is expected to go live in 2023. Over the next three months, the unit plans to hire an additional 55 employees. In order to offer a variety of Bitcoin and cryptocurrency services and dabble in VC investing in the space, it would entail a 45% increase in its staff.
The Brazilian Tax Authority RFB revealed the figures related to the crypto investments reported by taxpayers in the nation, setting a new record for investors placing their money in crypto. According to the institution's statements from independent holders and local exchanges, about 1.5M people bought crypto in Sept. Compared to the number of taxpayers who disclosed crypto in August, these 1,490,618 persons reflect an increase of more than 10%.
To shield its consumers from a liquidity shortage, Binance declared its intention to fully buy FTX. FTX approached the exchange seeking assistance as it struggled with liquidity on its platform, according to Changpeng Zhao who posted the information on Twitter. CZ reported that Binance has inked a non-binding letter of intent (LOI) to buy the business soon and the purchase was confirmed by Sam Bankman-Fried, The creator and CEO of FTX.
To speed up the adoption of Web3 in the nation, NTT Docomo, the largest mobile provider in Japan with over $40 billion in annual revenue, teamed with multichain smart contract platform Astar Network. The collaborative initiative will take the shape of a consortium, enabling both people and businesses to use tokens for governance. The project's goal is to make Web3 accessible to a wider audience outside of a small group of tech-savvy individuals.
Despite the bear market, data collected from the Polygon network explorer PolygonScan on November 8 shows that Polygon has added 42,869,034 unique addresses to its chain between June 7 and November 7, 2022. This means that the data shows that the Proof-of-Stake (PoS) network grew by almost 30% over the course of five months, adding an average of over 280,000 unique addresses per day.
One of the primary candidates for Nigeria's next president, Adewole Adebayo, pledged to create up to 30 million jobs for locals using blockchain technology and crypto as regards the major problem of unemployment rate facing the nation. Adewole Adebayo, the Social Democratic Party (SDP) presidential candidate in Nigeria, promised to use a variety of technologies, including blockchain and virtual currencies, to address the country's unemployment issues.
All NFT and sports fans will be able to participate in an innovative campaign to support their preferred teams and compete for a portion of a $1M prize pool that includes tokens and limited-edition NFTs. The Binance team has announced that the "Football Fever 2022" initiative will begin on November 7, 2022. Web3 fans and lovers of international sports will be introduced to one another through a special community-driven event.
Roughly $1billion worth of bitcoin (BTC) have been seized by the US Department of Justice from a guy named Zhong who "illegally" acquired more than 50,000 BTC. Authorities saw the missing bitcoins in "an underground floor safe" after obtaining a search warrant for Zhong's home in November 2021. The value of the Bitcoin was around $3.4 billion when it was discovered.
The Chief Executive Officer of Mastercard, Michael Miebach, believes that it will take longer than anticipated for cryptocurrencies to gain widespread acceptance, but he is optimistic that once the right regulations are put in place by regulators, people will find the asset class to be much more alluring. In the future, according to Miebach, the majority of consumers will utilize bitcoin for their regular transactions and settlements. However, he thinks this won't occur in the near future.
Some well-known high-end businesses, such as luxury watchmaker Rolex, have joined the cryptocurrency bandwagon as the sector is growing and its assets are getting more and more well-liked. Indeed, according to information provided by trademark and patent attorney Michael Kondoudis, Rolex has submitted trademark applications pertaining to cryptocurrencies, the metaverse, and non-fungible tokens (NFT) with the intentions to launch NFTs.
Crypto exchange Gemini today announced it had expanded its offerings to five additional European nations including Croatia, Cyprus, Hungary, Romania, and Slovenia, bringing its presence on the continent to 12. The custody, clearing, trade execution, price discovery, and portfolio management services offered by Gemini will also be available to financial institutions, fintech startups, and other businesses.
In a video speech made at the conference titled "Towards a legal framework enabling a digital euro for citizens and enterprises," the European Central Bank President Christine Lagarde stated that the European Commission would soon release a legislative proposal on a digital euro. Making central bank money accessible digitally is the main goal of the European Central Bank's digital euro project and it began creating a central bank digital currency in 2021.
A production report shows that Canadian BTC miner Blockchain (HIVE) has 3,311 BTC worth $68.8M. Hive Blockchain defies the downward trend in the bitcoin mining business by holding $68M in BTC and mining 307 bitcoin in October. The audit also showed that Hive has no debt servicing obligations related to its digital assets or mining equipment, despite the fact that a number of its competitors are feeling the pinch of the bear market.
Over the last 30 days, Turks have traded more than $380M in Dogecoin and it exceeds the total quantities of BTC and ETH meaning that the people are being drawn to the crypto market. Dogecoin (DOGE), the meme coin that has just become the most traded asset, is getting popular among Turkish nationals. The top 3 exchanges' statistics on trading volume over the past 30 days reveals that more than $380.3M worth of the meme coin has been exchanged.
The creator of Cardano (ADA) revealed his ideas on how Twitter may be made decentralized utilizing blockchain and cryptocurrencies after Elon Musk, CEO of Tesla, was widely reported to have purchased Twitter. In a recent YouTube video, Charles Hoskinson described how Cardano (ADA) and Dogecoin (DOGE) may be used to address some of the present social media problems, such as profile verification.
LG Electronics, one of the biggest producers of electrical products worldwide, is seeking chief technical officers (CTOs) to oversee the company's expanding Web3 business. The industry giant in electronics is hiring CTOs for its business development and service design divisions, which will create new Web3 and blockchain firms and establish alliances with international Web3 companies. Also, it will create DApps for analysis on blockchain and Web3.
Canada's rate of installing Bitcoin ATMs keeps rising as Coin ATM Radar records a 28% increase since last year. There are 2,549 Bitcoin ATMs in Canada, compared to fewer than 2,000 at this time last year. Since the year began, Canada has added roughly 400 Bitcoin ATMs. There were 2,174 ATMs in January 2022, which represents strong growth and is noteworthy given how pessimistic this year has been with excellent development in recent quarters.