Arkham Intelligence to launch crypto derivatives exchange: report

Arkham Intelligence, a blockchain data firm, plans to launch a cryptocurrency derivatives exchange next month, according to reporting from Bloomberg.   Backed by investors like OpenAI founder Sam Altman, the startup is relocating its operations from London and New York to Punta Cana in the Dominican Republic. The company aims to serve retail investors but will not open the platform to U.S. customers. Arkham, founded in 2020, specializes in analyzing blockchain data to reveal information about the entities and individuals behind cryptocurrency transactions.  The decision to launch a derivatives exchange comes…

Crypto Firm Arkham Intelligence Plans To Launch Derivatives Exchange Next Month: Report

Crypto analytics platform Arkham Intelligence is reportedly planning to launch its own derivatives exchange next month as a means of competing with crypto exchange giant Binance. According to a new report by Bloomberg, an anonymous person familiar with the matter says that the market intelligence firm plans to launch the options exchange next month with the backing of key investors, such as OpenAI CEO and Worldcoin (WLD) founder Sam Altman. The new exchange – which will not be open to customers in the US – aims to compete with the…

Mantra retests all-time high amid OM airdrop hype and mainnet launch anticipation

Mantra (OM), a blockchain network focused on real-world asset tokenization, retested its all-time high on Oct. 10, surging 9.2% to reach $1.46. The altcoin’s market capitalization crossed $1.2 billion, with daily trading volumes around $56 million, predominantly concentrated on Binance and XT.COM. In the past 30 days, Mantra (OM) has risen 42%, outperforming key RWA tokens such as Ondo (ONDO) and Pendle (PENDLE).  When writing it was up over 2400% since the start of 2024. OM’s price action has aligned with a rebound in its futures open interest, which has…

Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors […] Source CryptoX Portal

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading. In a blog post, the exchange says it is listing the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens in advance of their official spot listing. Says Binance, “Binance will be the first platform to list the token mentioned herein, with Pre-Market trading starting at 2024-10-11 10:00 (UTC). Any claims to offer this token for sale before…

SUI price set for new ATH amid native USDC launch

Sui received a major boost after stablecoin issuer Circle announced support for native USDC on the layer-1 blockchain platform’s mainnet. Circle announced native USDC (USDC) was live on Sui (SUI) on Oct. 8. Also notable for Sui on the day was the announcement by leading U.S.-based crypto exchange Coinbase that it had added USDC to Sui on its listing roadmap. The news comes amid a significant surge for Sui, which has more than doubled in value over the past month. The cryptocurrency’s price rose sharply after Bybit added Sui on…

Nigeria to Launch $1.5M Initiative to Boost AI Development

Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google, […] Source CryptoX Portal

Ripple partners with Mercado Bitcoin to launch payments solution in Brazil

Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider’s partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct. 3, Mercado Bitcoin will be the first platform to tap into Ripple Payments, a solution that allows businesses to benefit from faster and cheaper cross-border payments.   Mercado Bitcoin users will also benefit from enhanced security, global access, and deeper liquidity. Direct cross-border payments in Reais Brazil is the first country in Latin America that the company behind XRP…

Viral Telegram Game Dogizen Set to Launch First Telegram ICO This Friday

Dogizen, the viral Telegram game that’s amassed 1 million users on Telegram, launches its presale this Friday—the first-ever Telegram ICO. The presale meets huge anticipation based on the success of other Telegram gaming tokens like Catizen’s CATI and Hamster Kombat’s HMSTR, as well as newcomer DOGS, which recently broke records with its own Telegram airdrop. […] Source CryptoX Portal