BlackRock CEO says BTC can hit $700K amid currency debasement fears
Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.
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Blockchain startups grow as global VC funding generated $25.2B in 2021
Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion…

Coinbase will establish presence in Israel through purchase of Unbound Security
“We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase. 968 Total views 42 Total shares Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move…

Dogecoin frenzy forces UK fund manager to offload $1.1 billion Bitcoin stash
United Kingdom-based fund manager Ruffer liquidated its $600M Bitcoin bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens like Dogecoin (DOGE).The fund, which manages roughly $34 billion for wealthy clients and charities, started selling its cryptocurrency stash in December 2020, when the BTC/USD exchange rate rose…

Galxe replacing 110% of funds users lost in recent front-end hack, over $400K
The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction. 140 Total views 2 Total shares Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express

Zimbabwe turns gold-backed digital token into payment method
The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023. 68 Total views 7 Total shares On Oct. 5, the gold-backed digital token under the name Zimbabwe Gold (ZiG) officially kicked off

FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges for the crypto industry: To convince regulators, legislators and the public that it…

Top-20 Coins Report Mild Gains and Losses, BTC Moves Steadily Further From $8,000
Tuesday, Oct. 1 — After signs of recovery in recent days, the leading crypto Bitcoin (BTC) has maintained its price above the $8,000 mark. However the top-20 coins chart on Coin360 is showing mixed signals today, with modest gains and losses.Cryptocurrency market daily overview. Source: Coin360Bitcoin is up 2.23% over the last 24 hours, and…

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold
Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token.Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance…