Site of CZ’s downfall and pot crypto vendors: Crypto City Guide to Seattle
Seattle’s medical marijuana vendors accept crypto, residents don’t file income tax returns here, and the Governor signed a blockchain bill.
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Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China
Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20.According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards…

SEC agrees to drop Consensys lawsuit
The SEC is dropping its enforcement actions against crypto firms in an apparent regulatory pivot following new leadership at the regulator. The US Securities and Exchange Commission has agreed in principle to drop its lawsuit against crypto firm Consensys. The suit claimed that aspects of MetaMask violated securities laws. According to Ethereum co-founder and Conensys

R3 explores strategic options amid blockchain industry challenges
R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.

Binance saw $1.2B of inflows in one of biggest trading days of 2024, says CEO
ByBit, Crypto.com and OKX’s net asset inflows have also increased by $301.4 million, $107.8 million and $97.7 million over the last 24 hours.

Bitcoin Price Trapped Below $8,500 as Bears Call for a Drop to $6K
Around this time last week, the situation was looking increasingly dire for Bitcoin (BTC) and murmurs of a drop to $6,000 and even $3,000 began to circulate amongst traders. Even today there are still those that consider this a real possibility and perhaps it is. For the moment, Bitcoin appears to have stabilized and traders…

Chainalysis: Two Probably Still Active Groups Account for $1 Billion in Crypto Hacks
A report outlined by blockchain analytics company Chainalysis has revealed that two hacker groups have reportedly stolen $1 billion in cryptocurrency, the Wall Street Journal (WSJ) reports on Jan. 28.According to the new report shared with the Wall Street Journal, the two entities — which Chainalysis calls Alpha and Beta — have received the majority…

Crypto adds efficiency to global trade and financing, says Bequant exec
Martha Reyes, head of research for Bequant, says that tokenizing trade finance assets can facilitate access to capital for SMEs. 308 Total views 26 Total shares Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue.In an interview…

OCC notice suggests impending launch for spot Bitcoin ETF options trading
Some experts suggested that options trading for shares of BlackRock’s iShares Bitcoin Trust could launch on the Nasdaq as early as Nov. 19.