The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have urged the Supreme Court to proceed with the Nvidia securities fraud lawsuit, as outlined in an amicus brief submitted on October 2. U.S. Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman emphasized the importance of the case in relation […]

Monero is beginning to show signs of recovery, with a 5% gain in the past 24 hours, making it one of the standout performers in the market. As of now, Monero (XMR) is trading at $146.63, boasting a market capitalization of $2.7 billion. This offers some respite to investors following a tumultuous start to October. […]

Pi Network’s KYC process has successfully verified just 12 million of its reported 60 million users. Despite the inflation of Pi’s tokens doubling, a significant portion of coins remains locked, which limits the circulating supply. The network, which is built on Stellar, is progressing slowly but is prioritizing scalability and security in its development. While […]

Riot Platforms reported that it mined 412 Bitcoin in September, representing a 28% increase from the previous month. This uptick in production was attributed to enhanced operating capacity at their mining facilities located in Texas and Kentucky, as noted in a company press release. CEO Jason Les credited the growth to improved operational efficiency and […]

Analysts believe that the recent geopolitical tensions in the Middle East will have a short-lived impact on Bitcoin and other cryptocurrencies. The selloff was triggered on October 1 when Iran launched ballistic missile attacks against Israel, causing Bitcoin (BTC) to drop alongside Ethereum (ETH) and major altcoins, with the overall crypto market declining by about […]

Ripple has announced the launch of its payments solution in Brazil, following a partnership with Mercado Bitcoin, a leading crypto exchange. In an announcement on October 3, Ripple stated that Mercado Bitcoin will be the first platform to utilize Ripple Payments, which facilitates faster and more cost-effective cross-border transactions for businesses. This integration will provide […]

CleanSpark has published its unaudited Bitcoin mining update, revealing a remarkable 187% increase in hashrate for the fiscal year ending September 2024. On October 3, the publicly-traded Bitcoin miner announced this significant growth alongside improvements in its treasury holdings and share price, despite the broader challenges facing the crypto industry due to geopolitical tensions in […]

Kraken has announced the launch of a new derivatives trading platform in Bermuda, following the acquisition of a digital asset business license from the Bermuda Monetary Authority. As a prominent global cryptocurrency exchange, Kraken’s expansion comes in response to heightened scrutiny from the U.S. Securities and Exchange Commission, prompting many firms to explore offshore opportunities. […]

SWIFT has announced that it is strategically positioned to bridge the fragmented digital asset landscape through upcoming digital currency trials set for 2025. Financial institutions across North America, Europe, and Asia are gearing up to participate in these trials, which will involve testing transactions with various digital currencies and assets. SWIFT revealed on October 3 […]

In Q3, threat actors stole over $750 million in cryptocurrency across more than 150 security incidents, representing a 9.5% increase in value lost despite a decrease of 27 incidents compared to Q2. According to blockchain analytics firm CertiK, phishing attacks and private key compromises were significant contributors to this theft. Even with fewer incidents, the […]