Monthly archives: October 2024

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth. Nearly half of the money raised by …

Continue reading “Crypto startups secure $691 million in venture capital during September”

Standard Chartered believes Bitcoin’s (BTC) dip below the $60,000 level is “normal” and called the recent downturn a buying opportunity in an investor note shared with CryptoSlate on Oct. 3. According to the lender’s global head of digital assets research, Geoffrey Kendrick, Bitcoin is currently trading in an “interesting circularity” where geopolitical tensions are pushing …

Continue reading “Standard Chartered advises buying Bitcoin below $60,000 despite geopolitical uncertainty”

PayPal completed its first business payment on Sept. 23, using its stablecoin PYUSD to settle an invoice with Ernst & Young LLP, Bloomberg News reported on Oct. 3. The transaction was facilitated using software company SAP’s digital currency hub, a platform that allows businesses to send and receive digital payments instantly. The amount was not disclosed. Stablecoin …

Continue reading “PayPal settles invoice with EY in PYUSD first business payment”

Blockchain-based prediction platform Polymarket reached new heights in September, reporting $533.51 million in trading volume as anticipation builds for the 2024 US presidential election and major geopolitical events unfold in the Middle East. The platform’s September volume increased by $61.51 million compared to August as active users climbed to 90,037, a 41% rise from the …

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Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple’s payment system to streamline treasury operations between Brazil and Portugal. …

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During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” Bukele Talks Cryptocurrency and Bitcoin Bonds …

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Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,” while sidestepping the use of third-party payment networks. Newly Proposed BRICS Unified Exchange May …

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Former President Donald Trump once again affirmed his intention to commute Ross Ulbricht’s sentence, the founder of the darknet marketplace Silk Road. On Truth Social, Trump shared a post featuring Ulbricht discussing his 12th year in prison, and Trump declared in all capital letters, “I WILL SAVE ROSS ULBRICHT!” Petition for Ross Ulbricht’s Freedom Gathers …

Continue reading “Donald Trump Reaffirms Promise to Commute Ross Ulbricht’s Sentence”

According to a Politico report, a new HBO documentary claims to have cracked the mystery behind Bitcoin’s elusive creator, Satoshi Nakamoto. If this revelation gains traction, Politico’s Izabella Kaminska stated it could send ripples through global financial markets. Kaminska further reported the HBO doc was directed by Emmy-nominated filmmaker Cullen Hoback, who is known for …

Continue reading “HBO Documentary Claims to Reveal the True Identity of Bitcoin’s Creator Satoshi Nakamoto”

A social media post by an X account named “Wicked” presents claims that Satoshi Nakamoto may have conducted 51% attacks on the Bitcoin blockchain in May 2009. Wicked speculated that Satoshi likely tested these attacks early on to understand their potential impact on the network. Claims Surface Suggesting Satoshi Nakamoto Tested 51% Attacks on Bitcoin …

Continue reading “Analysis Reveals Possible 51% Attacks by Satoshi on Bitcoin in Early 2009”

Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on …

Continue reading “Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn”