French authorities to issue statement on Pavel Durov’s detention
It remains unclear if Durov has been officially arrested or charged.
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Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic.

KPMG Leader Predicts IoT and Blockchain Will Be Used To Manage Climate Change
Accounting giant KPMG’s US blockchain lead, Arun Ghosh, predicts that blockchain, combined with the Internet of Things (IoT) will be used to manage climate change in 2020. IoT is a term for systems of interrelated devices that are embedded with sensors, software and network connectivity that enables them to collect and exchange data. According to a…

Vancouver passes motion to become a ‘Bitcoin-friendly city’
Six councilors supported the motion, while two opposed it over concerns about the potential use of digital assets in illicit activities and the environmental impacts of mining.

Floki DAO votes to pass ETP funding in a unanimous vote
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.

Food companies secure trademarks to enter metaverse
A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse and nonfungible tokens (NFTs). Licensed trademark attorney Mike Kondoudis shared in a tweet that Kraft Foods Group had filed a trademark for its iconic hot dog-shaped Weinermobile on Oct. 12. The filing revealed that the…

Darknet crypto mixer operator pleads guilty to laundering $300M in BTC
Ohio man, Larry Dean Harmon, has pleaded guilty to laundering more than $300 million while operating the Darknet-based Bitcoin mixing service, Helix. On August 19, The U.S. Department of Justice announced that the 38-year-old pleaded guilty to laundering more than 350,000 Bitcoin through Helix from 2014 through 2017.Bitcoin mixers are used to help people anonymize their…

Elon Musk unfazed by rumored possibility of SEC probe into Dogecoin tweets
The Tesla CEO avowedly loves "dogs and memes" and is greeting the alleged possibility of federal scrutiny of his Dogecoin tweets with a consistently droll attitude. 1476 Total views 10 Total shares Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk's alleged impact on Dogecoin's price…

Joe Biden’s withdrawal wiped $67M in long positions in 30 minutes
US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.