Bitcoin
Tether, the issuer of the largest stablecoin in the world, is planning to make a significant investment of $500 million into Bitcoin mining.
The crypto markets started strong on Tuesday but have remained subdued due to the pending release of U.S. CPI data.
Robert Kiyosaki, renowned author and financial expert, recommends investing in Bitcoin, gold, and silver to protect yourself against the intentions of governments.
Ethereum
BlackRock, the world’s largest asset manager, has filed an application for a spot Ethereum exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) in the United States.
Fidelity, another prominent asset manager, has followed suit and filed for a spot Ethereum ETF with the SEC.
DeFi
The dYdX Chain, a stand-alone Layer 1 blockchain based on Cosmos, has transitioned to its beta mainnet stage, marking a significant development in decentralized derivatives trading.
Aave, a decentralized lending protocol, has resumed its operations after addressing security vulnerabilities earlier in the month.
Technology
A report by ZeroHash suggests that new crypto adoption is being driven by a renewed trust in the sector.
OKX, a cryptocurrency exchange, has announced the launch of its own zkEVM Layer-2 testnet in collaboration with Polygon Labs.
Business
CoinShares, Europe’s leading digital asset investor, has secured the buying rights for the exchange-traded fund (ETF) of its US counterpart, Valkyrie Investments.
South Korea’s National Pension Service (NPS) has recorded significant profits from its $20 million investment in Coinbase shares.
Ankr, a web3 infrastructure development firm, has introduced Rollup as a service in partnership with Optimism, intended to simplify the deployment of OP Chains for developers and businesses on the Superchain.
Marathon Digital Holdings has revealed new specific strategies ahead of the Bitcoin Halving event expected next year in its recent quarterly earnings report.
Cardano founder Charles Hoskinson has suggested a potential collaboration with cryptocurrency exchange Kraken on Layer-2 plans.
Bithumb, a major South Korean cryptocurrency exchange, is reportedly preparing for a public listing on KOSDAQ.
NFT
The developer behind the Mutant Ape Planet NFT collection pleaded guilty to defrauding buyers in a $3 million rug pull.
Security
Solana Labs has dismissed a security firm’s claims about potential vulnerabilities in its Saga phone.
Despite taking precautions, the DeFi protocol Raft was exploited, resulting in a loss of $6.7 million worth of funds.
Binance may have lost $27 million in stablecoins to a hack, according to sources.
SlowMist, a blockchain security firm, has reported a case in which a user lost their crypto after using a fake version of the popular app Skype.
Regulation
Montenegro court rejected an appeal from Terraform Labs’ ex-CEO to overturn a passport fraud conviction.
SEC Chairman Gary Gensler emphasized that the SEC will not unfairly prosecute honest businesses or prejudge them.
Commerzbank became the first full-service bank in Germany to be granted a crypto custody license.
The SEC has delayed its decision on the Hashdex spot Bitcoin ETF application and Grayscale’s Ether futures filing.
Opyn’s co-founders have resigned following regulatory developments influenced by actions from the Commodity Futures Trading Commission (CFTC).
Hot Take: Riding the Crypto Wave
The cryptocurrency landscape is continuously evolving, with new developments in Bitcoin, Ethereum, DeFi, and NFTs. The industry is not without its challenges, as witnessed in recent security breaches and regulatory hurdles. However, the sector’s players remain resilient and committed to driving its growth. As you continue to navigate the crypto realm, stay informed about the latest trends, security measures, and regulatory updates, to benefit from this transformative wave in the digital asset space.
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