PRESS RELEASE. In a world increasingly in need of innovative solutions to address pressing global challenges, the Blockchain for Good Alliance (BGA), a non-profit organization founded by Bybit, has announced the launch of the Sustainable Innovation Summit: The 17 SDGs Challenge, a global hackathon aimed at harnessing blockchain technology to create meaningful social impact. This […] Source CryptoX Portal
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management. Source
Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization […] Source CryptoX Portal
Este artículo también está disponible en español. Bitcoin started the month of October on a negative note, deviating from what many investors had expected leading up to the month. Bitcoin, which had been on a notable price increase earlier, started to face setbacks as September ended, leading up to the first 24 hours of October. The first 24 hours of October have been riddled with outflows from the crypto industry. Bitcoin, in particular, fell below $61,000, according to Coinmarketcap, as tensions started to rise in the Middle East. Going by…
More than a dozen blockchain firms inadvertently hired IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found. Source
Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S. presidential candidates increasingly highlight the importance of blockchain and crypto mining leadership, sanctioned crypto mining firm BitRiver is optimistic about Russia‘s potential to surpass the U.S. in Bitcoin (BTC) mining by 2027. In an interview with state-owned news agency Prime, BitRiver CEO Igor Runets highlighted recent regulatory developments that have bolstered Russia’s standing in the crypto sector. In early August, Russia’s President Vladimir Putin legalized crypto mining by signing new…
On Oct. 2, several major altcoins, including STRK, AR, LDO, and CORE, experienced double-digit losses as geopolitical tensions and long liquidations hit the crypto market. Starknet (STRK) led the altcoin losses, dropping 13.4% over the past 24 hours. Trading volume remained around $151 million, while its market capitalization shrunk by 13.75%, now sitting at $772 million. Similarly, Arweave (AR) fell 14.3% to $19.98, with a daily trading volume of $226 million and a market cap of $1.3 billion—its lowest point in the last seven days. Lido DAO (LDO) also suffered,…
Bitcoin fell to a low of $60,300, erasing almost all of its gains since the U.S. Federal Reserve’s interest-rate cut last month, signaling an inauspicious start to “Uptober,” the community’s affectionate name for the calendar month that has historically seen the highest gains for BTC. The largest cryptocurrency has lost 2.6% since the start of the month, CoinDesk Indices data show. Source
Este artículo también está disponible en español. The Dogecoin price experienced a significant drop this week, sliding down more than 20% at times, from a peak of $0.1321 on Saturday to a low of $0.1026 by Tuesday. Despite this decline, on-chain metrics and expert analysis suggest a potentially bullish future for the popular meme coin. Dogecoin Price Remains Bullish On-chain analytics firm Santiment has provided a detailed breakdown of Dogecoin’s activity via X today, indicating robust participation from large-scale holders, known as whales, in the cryptocurrency’s network. “Dogecoin has retraced…
In the case of this pilot, which ran between June and July, the project created digital representations of gilts, Eurobonds, and gold to be used as collateral with greater transparency, faster transfers and around-the-clock, near-instantaneous settlements between parties, without the delays associated with traditional financial rails. Source