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Coinbase has published a report on “Tokenization and the New Market Cycle.” The report discusses how tokenization has a lot more potential now by offering immediate settlements. In the past year, there has been reportedly a shift from private credit protocols to US Treasuries. Coinbase has recently released a “Tokenization and the New Market Cycle” report that suggests tokenization as a “vital use case for traditional financial players,” which could establish a significant presence in the upcoming crypto market trends over the next 1-2 years. The report mentioned that in 2017, the opportunity cost for tokenization was  1.0-1.5%, compared to today’s nominal interest rates exceeding 5.0%. The increase could significantly enhance the capital efficiency of immediate settlement for financial institutions, as opposed to the traditional T+2 settlement. Coinbase stated that during the crypto winter of 2017, tokenization failed to migrate tri...

In the ever-evolving world of cryptocurrency, where large-scale mining operations and pools dominate the landscape, the story of a lone Bitcoin miner striking gold has captured the imagination of crypto enthusiasts and miners alike. This solo miner’s remarkable achievement is a testament to the enduring spirit of independence within the crypto community. A Remarkable Feat On October 28th, a solo Bitcoin miner achieved the seemingly impossible by claiming a $200,000 block reward. This momentous event unfolded when the miner, utilising 11 PH/s of hash power, successfully solved the 278th solo block at Solo Ckpool. The crypto community erupted in celebration as Dr Con Kolivas, a respected software engineer behind Bitcoin CGMiner and an administrator of Solo Ckpool, extended hearty congratulations to the triumphant miner in a social media post. Congratulations to miner 3KCykmdpBpNKTtZJAvp3u2N2EQjGzbUF7c with ~11PH for solving the 278th solo block on https://t.co/...

The initial phase of Hong Kong’s central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction. Hong Kong has finished the first part of its trial for a CBDC. At this point, it is still not clear if they will fully roll out the retail version, called e-HKD. The project showed some promising areas, like atomic settlement, tokenization and programmability. Atomic settlement means quick and final transactions, which could assist businesses using digital payments instead of cash. It will be imperative that businesses and middlemen work together to make processes faster and more efficient. OCTOBER 2023 HKMA CBDC PILOT REPORT DETAILS HOW RIPPLE PARTICIPATED IN THE PILOT THROUGH THE TOKENIZATION OF REAL ESTATE ASSETS https://t.co/mxKrGnSPgJ pic.twitter.com/gYglULtqxn — ISO 20022…. LET'S DO IT (@Rohitku24694375) October 30, 2023...

On Oct. 30, Bitcoin (BTC) mining difficulty increased by 2.35%, setting a new all-time high. This is the fourth increase in a row, according to BTC.com. At the time of writing, Bitcoin mining difficulty is 62.46 T. The average Bitcoin hashrate (the total computing power of equipment mining cryptocurrency) at the current difficulty is expected to be 449.68 EH/s, the maximum value. The previous maximum average hashrate was recorded at 436.89 EH/s on October 16. Source: BTC.com The last change in the indicator occurred on Oct. 16. At that time, x difficulty reached 61.03 T. The next change in mining difficulty will tentatively occur on Nov. 13, 2023. The forecast is an increase of 0.39%, according to BTC.com. The increase in the difficulty of mining and the hashrate of the Bitcoin network suggests that more and more miners are joining the mining of the first cryptocurrency. At the same time, the price of Bitcoin has increased by 108% since the beginning of the year, from...

A new study reveals startling statistics on the rise of deep fake fraud in the crypto industry . According to a recent Sumsub report, 2023 has been marked by increasing professionalization in fraud tactics, with 77% of crypto companies observing new patterns and schemes. Deep fakes, in particular, continue to pose a significant challenge, with 70% of companies interviewed noting an uptick in their use to defraud victims. Our annual crypto report is here! https://t.co/B7zKLCpFPQ Check out State of Verification and Monitoring in the Crypto Industry 2023 for the latest insights on enhancing the user experience and improving verification in the crypto industry . Here are some key highlights that… pic.twitter.com/MeofY0WIyo — Sumsub (@Sumsubcom) October 26, 2023 Additionally, there was a staggering 128% increase in deep fake use within the crypto industry in 2023, compared to the previous year. Notably, the report indicates that 55% of crypto companies have experienced a spike...

In the enigma tic realm of cryptocurrency discussions, the X community finds itself in a state of high anticipation, all thanks to the enigma tic pronouncements from Ripple’s chief technology officer and the platform itself. The X crypto community (formerly known as Twitter aficionados) has been thrust into a whirlwind of cryptic revelations, leaving them to decipher a series of perplexing riddles and speculations. One such puzzling proclamation has been issued by none other than David Schwartz, the mastermind behind Ripple’s technological advancements. His cryptic message took the form of an image portraying a frog perched gracefully on a lily pad, flanked by water lily blossoms on either side. This enigma tic image sent shockwaves throughout the cryptocurrency community, with particular fervor among the XRP enthusiasts and fervent Pepecoin devotees. The XRP enthusiasts, gripped by this enigma, expressed their hopes for a transformative surge in XRP’s price and an e...

A widely followed crypto analyst is issuing a warning that altcoins may fizzle out if Bitcoin (BTC) continues its upward momentum. Crypto strategist Credible Crypto tells his 348,400 followers on the social media platform X that altcoin pumps are going to peter out if the king crypto can continue climbing, though he did not name any specific digital assets. “In between BTC’s major legs up, when it’s going sideways as it has for the last 24-48 hours, some alts pump. Don’t get caught up in that though as once BTC continues its climb most of those pumps will fizzle out.” The top crypto asset by market cap has seen a spike in price during the last two weeks, going from $27,196 on October 15th to its current price of $34,042, a 25% increase. Another crypto analyst, Rekt Capital, highlights the rising altcoins as the crypto markets mount a rally behind Bitcoin. According to Rekt Capital, Bitcoin Cash (BCH) has rallied 25% and is ready to test the area...

Zodia Markets is a Standard Chartered-backed digital asset exchange and brokerage platform. The company has announced its registration as a Virtual Asset Service Provider (VASP) by Ireland’s central bank. Zodia is looking to position itself for European expansion amid the upcoming MiCA laws. Zodia Markets, a digital asset exchange backed by Standard Chartered, is now registered as a Virtual Asset Service Provider (VASP) in Ireland. An announcement by the company on Friday stated that the VASP approval was granted to Zodia Markets (Ireland) Limited by the Central Bank of Ireland (CBI). This follows similar registration s by the Abu Dhabi Global Markets (ADGM) and the UK’s Financial Conduct Authority (FCA) – in September 2023 and in July 2022 respectively. Ireland is a burgeoning crypto market Zodia Markets’ registration in Ireland means the company now has regulatory approval in the EU , with this allowing it to expand its services i...

Introduction The crypto industry continues to boom, with innovative startups and companies securing significant funding rounds to fuel their growth and development. On October 23, 2023, several noteworthy funding rounds took place, showcasing the industry’s dynamism and potential. In this listicle, we’ll take a closer look at six crypto projects and companies that successfully raised funds on that date. 1. Ctrl Alt – Seed Overview Date : October 23, 2023 Financing Amount : $2.7 million Category : Others About Ctrl Alt – Seed Ctrl Alt is a fintech startup specializing in alternative asset solutions. In their latest seed round, they secured $2.7 million in funding. The round was led by prominent investors Forward Partners and Middlegame Ventures. Ctrl Alt offers a flexible range of products for investment platforms, fintechs, and asset owners seeking alternative financing options to raise capital. 2. Blockaid – Series A Overview Date : O...

XRP, Ripple’s native digital currency, is undergoing a remarkable rebound on its price chart. Following a period of sustained losses, XRP has revived its bullish momentum, generating optimism within the cryptocurrency market. This resurgence has sparked enthusiasm among traders and investors as XRP sets its sights on a critical target. Additionally, November holds promise for positive developments. It could potentially bring an end to the prolonged and contentious legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), a dispute that has persisted for nearly three years. The recent resurgence in the cryptocurrency market has given a boost to XRP’s value. This further instilled hope among analysts and enthusiasts alike. One notable figure in the crypto community, Dark Defender, a prominent X user, even put forth an ambitious vision for the altcoin. Dark Defender envisions that Ripple’s native token could surge to an impressive $6 or more ...

SOL rose after losing 97% of its price and going through 2 years of capitulation. An analyst stated that people’s greed to buy SOL at a lower price has made them lose the chance of buying. SOL is testing the upper trendline of the rising wedge, it could retrace. Crypto Analyst Jackis tweeted that Solana was presently rising after losing 97% from its all-time high which was then followed by 2 years of capitulation. Scrutinizing the people’s behavior of buying SOL, Jackis stated that the people get greedy and wait for it to go lower to enter the market. However, SOL started to rise before they could enter the market.  Imagine $SOL went -97% from ATH & through two major capitulations People got greedy & wanted lower, instead, it started to go higher & outperform the rest Now these people want a retest of (now prior) range low cause they missed the train Seen it too many cycles in a row to… pic.twitter.com/B8JnUVRDle — JACKIS (@i_am_jackis...

Circle, BitoGroup, and Taiwan FamilyMart join forces to launch a ‘Points-to-Crypto’ service in Taiwan. ‘Points-to-Crypto’ service allows for the conversion of FamilyMart’s FamiPoints into digital currencies like USDC. The partnership empowers the Taiwanese community to embrace digital fintech innovations. A groundbreaking partnership between Circle Internet Financial, BitoGroup, and Taiwan FamilyMart is set to transform the loyalty points economy in Taiwan, making it more accessible and valuable for consumers while advancing the adoption of cryptocurrencies. In Taiwan, the loyalty points ecosystem has become an integral part of daily life, particularly in the context of the nation’s high-density convenience stores. According to the Market Intelligence & Consulting Institute (MIC) in Taiwan, loyalty points’ accumulation and redemption are highly valued by consumers. In 2021, 87% of users engaged in points accumulat...

In the realm of content creation, three fundamental elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the measure of textual intricacy, while burstiness compares the oscillations in sentence structures. On the other hand, predictability gauges the likelihood of a reader predicting the subsequent sentence. Typically, human authors infuse their compositions with a delightful mix of long, intricate sentences alongside succinct ones, resulting in higher burstiness. Conversely, artificial intelligence often produces more consistent and uniform text. Thus, as you embark on crafting the forthcoming content, I implore you to infuse it with a substantial dose of perplexity and burstiness, while maintaining a low degree of predictability. The medium of expression shall remain confined to the English language. Now, let’s reimagine the following text: “The Grayscale Bitcoin Trust holds the crown as the large...

Banco de España has backed the digital euro. The digital euro promises offline payments and privacy, akin to cash. European central banks, including the Bank of Finland, are supportive of the digital euro project. In a significant move towards digital ization, Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce a digital euro. This initiative aims to revolutionize the way financial transactions are conducted, offering a range of potential benefits for consumers and businesses. A new era in finance with the digital euro Banco de España has joined the growing chorus of European central banks in endorsing the digital euro, a central bank digital currency (CBDC). The traditional form of physical cash, according to the central bank, falls short of harnessing the advantages presented by the increasingly digitalized economy and society. As a response, the digital euro is set to emerge as a piv...

California-based crypto trading platform Robinhood has extended its services to Nevada, U.S. Among the tokens now available in Nevada is Shiba Inu (SHIB), the popular dog-themed memecoin. Robinhood took to X (formerly Twitter) to announce the development. Also Read: Pepe Outperforms Shiba Inu and Dogecoin, Rallies 49% Robinhood Crypto is now available in Nevada! Buy, sell and transfer 15 cryptocurrencies! See list 🔗 https://t.co/er9TOpJm9Q More info: https://t.co/uFJGPLZKQ8 — Robinhood Help (@AskRobinhood) October 25, 2023 As per the official announcement, Nevada residents can now trade and buy SHIB on Robinhood without paying any fees or commission. Investors can now purchase the popular memecoin for as little as $1. At current rates, $1 would get an investor about 142857.14 SHIB tokens. Robinhood only lists tokens approved by U.S. authorities, as the rules are different in each state. Currently, only 15 digital assets are available on Robinhood ...

Ripple has partnered with Uphold for enhanced cryptocurrency liquidity. The collaboration will leverage Uphold’s links to 30 trading venues. Seamless crypto-to-fiat transfers and bank payouts are the goal. Blockchain payments firm Ripple has partnered with web3 financial platform Uphold to access greater cryptocurrency liquidity for its global payments infrastructure. “Our new partnership with Uphold enables us to enhance our underlying infrastructure and Uphold’s deep liquidity expertise further underpins Ripple’s ability to offer fast and flexible cross-border payments around the world. We see this as the start of our relationship and are… https://t.co/1hZ1qhRtoW — Ripple (@Ripple) October 24, 2023 The collaboration aims to strengthen Ripple’s existing cross-border payment solutions by leveraging Uphold’s links to over 30 trading venues. This will enable seamless crypto-to-fiat transfers and bank payouts. Ripple utilizes dig...

A Cosmos (ATOM) developer has unveiled a proposal that will cut the maximum inflation of the project’s native asset in half. Zaki Manian, the co-founder of decentralized asset management protocol Sommelier, has proposed changing the max inflation parameter on Cosmos from 20% to 10%, which would drop the inflation rate to 10%. “I believe that all empirical evidence shows that Cosmos is overpaying stakers substantially for their services. Months of high inflation in the bear market have barely budged the staking rate. Reducing the staking rate should be a boost to [Cosmos Liquid Staking Module (LSM)] adoption and will hopefully drive more users towards Mars, Inter Protocol, Levana, etc. for higher yield. This is just a parameter change proposal. This will impact the rate of growth of the community pool and a separate proposal to increase the community pool take should be considered.” Cosmos is an interoperable blockchain ecosystem. The project...

Bitcoin price surged past $34,000, reaching its highest since May 2022. The bullish trend is attributed to the growing enthusiasm surrounding the possibility of a Bitcoin ETF. BTC was trading at $34,061, up by over 76.21% year-to-date. In the early hours of Tuesday, the price of Bitcoin surged past the $34,000 level, reaching its highest point since May 2022. The world’s largest cryptocurrency by market capitalization was observed trading at $34,942,  fueled by growing enthusiasm surrounding the possibility of a Bitcoin exchange-traded fund (ETF). The positive sentiment regarding a potential Bitcoin ETF escalated after the Court of Appeals issued a mandate yesterday in the Grayscale Investments’ case against the U.S. Securities and Exchange Commission (SEC). This “formal mandate” effectively orders the SEC to reverse its previous rejection and reevaluate the application by the asset manager to transform its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin E...

The price of Bitcoin (BTC) quickly surged to $34,000 amid recent developments in the Bitcoin ETF space. Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours.  The price of Bitcoin sudden ly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch $34,000 before settling down to a current price of $33,349 according to data from TradingView.  The price of Bitcoin over the past two weeks. Source: TradingView The sudden uptick in price for Bitcoin comes amid a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets.  Analyst Scott Johnson pointed out that investment giant Blackrock may soon begin the process of "seeding" their spot ETF product as early as this month.  Bloomberg ETF analyst Eric Balchunas wrote that seeding an ETF is when ini...

Crypto analyst and trader revealed that a falling wedge has formed on DOT’s chart. Per the post, DOT’s price could rise to between $4.203 and $4.281 if the pattern is validated. Meanwhile, CoinMarketCap indicated that DOT’s price was up more than 4% and trading at $3.99. The cryptocurrency trader and analyst FLASH revealed in an X (formerly Twitter) post earlier today that a bullish falling wedge pattern had formed on Polkadot’s (DOT) chart. Subsequently, he predicted that the altcoin’s price may soon re-enter the demand zone between $4.203 and $4.281. #Polkadot $Dot pic.twitter.com/EKE2kXmfyL — FLASH (@THEFLASHTRADING) October 23, 2023 Meanwhile, data from the cryptocurrency market tracking website CoinMarketCap indicated that DOT recorded a gain over the past 24 hours. At press time, the altcoin’s price was up more than 4%. This left it changing hands at just under the $4 mark at $3.99. The positive daily performance also pushed DOT’s weekly perf...

There has been some substantial in-game activity on the Aptos Arena. There has also been an overall positive sentiment in the cryptocurrency market. The price of Aptos (APT) token has climbed by 21% over the last 7 days. The Aptos (APT) cryptocurrency has been making headlines with its impressive performance, recently breaking through the $6 mark, and gaining a staggering 21.01% in the past week alone. The token is rising four days after Aptos suffered a five-hour outage . The outage coincided with the same week that Aptos was launched in 2022. This remarkable price surge has piqued the interest of investors and crypto enthusiasts. But what is driving this extraordinary growth in the Aptos network, and why is it attracting significant attention? Aptos’s rapid expansion and global presence Aptos Network has been experiencing rapid expansion, with a notable milestone of 112 nodes operating around the world. These nodes are strategically distributed a...