Flash news

04 October
Tech

Ripple and Mercado Bitcoin are teaming up to launch crypto-enabled cross-border payments in Brazil, promising faster and more efficient transactions. The service, aimed at institutional clients, will roll out by the end of 2024, starting with operations between Brazil and Portugal.

Policy

The IMF is urging El Salvador to rethink its Bitcoin policies, recommending stronger oversight and reduced public exposure to the digital asset. Despite steady GDP growth, the IMF remains cautious about the country's embrace of Bitcoin as legal tender, advocating for traditional financial frameworks.

General

An upcoming HBO documentary, "Money Electric: The Bitcoin Mystery," set to release Oct. 9, claims to reveal the true identity of Bitcoin creator Satoshi Nakamoto. Directed by Cullen Hoback, the film makes a compelling case that is sure to spark debate.

Business

Chainalysis CEO Michael Gronager has stepped back from his role after a decade of leadership, taking personal leave since Sept. 25. Sari Granat, the company's president, is serving as interim CEO. The reason behind Gronager's leave remains undisclosed.

02 October
Tech

Robinhood is reportedly exploring a potential stablecoin launch, joining the likes of PayPal in the stablecoin market. However, a spokesperson clarified there are "no imminent plans" yet. Meanwhile, Revolut is also considering entering the stablecoin space.

Policy

South Korea's privacy watchdog has fined Worldcoin $829,000 for violating personal information laws, citing unauthorized iris scans and data transfers. Despite this setback, Worldcoin's WLD token surged 35% this week, rising from $1.60 to $2.16.

Markets

Bitcoin's rally hit a wall at $66K, dropping back to $64K overnight, dragging the total crypto market cap down by $60B to $2.37T. While BTC stumbles, XRP surged 4% to $0.65, with other alts like SUI & UNI showing gains. Is this a momentary dip or a sign of more to come?

General

Guggenheim Treasury Securities has issued its first Digital Commercial Paper (DCP) on Ethereum, marking another step in the tokenization of real-world assets. Issued via Amp.Fi Digital, this $20 million DCP highlights growing interest from traditional finance in blockchain-based assets.

Business

Solana DePIN project Mawari Network has raised $10.8M in a strategic funding round led by Anfield Ltd, Borderless Capital, and 1kx, among others. Mawari focuses on scaling spatial computing, blending physical and digital worlds via AR, VR, and XR technologies.

25 September
Policy

Federal judges grilled the SEC over its refusal to clarify rules on crypto assets like Bitcoin and Ethereum during a hearing with Coinbase. Judge Stephanos Bibas criticized the SEC for its vague stance, questioning why the agency won't apply the Howey Test to BTC and ETH.

All news

Policy

India's Crypto Discussion Paper on Hold Due to Other Priorities

India has yet to release a discussion paper on crypto, which was expected to be published by September. Other matters, like this month's World Bank meetings, have taken priority over stakeholder consultations, which are crucial to framing India...
Markets

Cathie Wood's ARK Invest Buys $2.2M of Coinbase Shares

Cathie Wood's investment manager ARK bought nearly $2.2 million worth of Coinbase shares on Tuesday. ARKF contains around $67 million worth of COIN stock, a 7.43% weighting of the fund's total value. Cathie Wood's investment management firm A...

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