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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
➡️ Russia's Trade Resilience Amid Western Sanctions
💪 Russia's foreign trade is showing resilience against Western sanctions, with increasing imports and projected economic growth that surpasses stagnating Western economies. Russian Finance Minister Anton Siluanov stated in an interview that despite the restrictions, Russia's trade dynamics remain strong.
Russia’s trade turnover has been increasing, improving recently. Imports have grown in recent months,
Despite all restrictions, the participants of foreign trade transactions, foreign trade activities will still find possibilities to pay for supplied or acquired goods.
All restrictions that Western countries impose affect themselves in the first place.
payments and the creation of depository links,
creating insurance and reinsurance in foreign trade.
🚨 Big News for Crypto Security
Forta, the pioneers of blockchain threat detection, are launching Forta Firewall—a revolutionary solution that PREVENT on-chain hacks for DeFi and Rollups (L2s).
🔒 What Makes Forta Firewall Different?
- Advanced AI with 99.9% detection rate in hack detection and prevention.
- Proven security for projects like Euler (DeFi), Plume (RWA), Balmy (DeFi), Compound (DeFi), Lido (Staking).
🔥 Why $FORT Matters
- $FORT fuels Forta Firewall’s new chain and secures the network.
- Stake $FORT to earn rewards.
- Backed by Coinbase Ventures, a16z, OpenZeppelin, and others.
🌍 Why Now?
With growing on-chain activity, security is critical.
Forta leads the Web3 security narrative, a sector poised for massive growth like Web2 cybersecurity’s $500B+ market cap.
💎 $FORT is listed on major exchanges like Coinbase, Binance US, KuCoin, and more.
- 📰 Official Announcement
- 🌐 Forta Website
- 📈 Forta Token
📈 Goldman Sachs Boosts Bitcoin ETF Holdings Amid Rising Institutional Interest
📊 Goldman Sachs has significantly increased its bitcoin ETF holdings, reflecting a growing interest from institutional investors in the cryptocurrency. According to the U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3, which ended on September 30, the bank now holds $710 million in cryptocurrency assets.
Goldman Sachs has expanded its holdings across a portfolio of bitcoin ETFs,
Due to this rise in bitcoin holdings, Goldman Sachs is now the second-largest IBIT investor,
💰 Arthur Hayes Predicts Bitcoin Could Reach $1 Million Amid US Economic Shifts
🚀 Arthur Hayes, co-founder of Bitmex, forecasts that bitcoin could soar to $1 million due to President Trump's expansive credit policies. In a recent blog post, he argued that the Trump administration is likely to inject trillions into the economy to support domestic industries. This credit creation is expected to lead to inflation, devaluing the dollar and driving investors towards alternative assets like bitcoin.
📈 Hayes outlined his investment strategy, stating,
Obviously, the hierarchy of my portfolio starts with bitcoin, other cryptos, and crypto-related company equity, then gold held in a vault, and finally, stonks.
This is how bitcoin goes to $1 million.
Get long, and stay long
we can expect that bitcoin and crypto will perform as well, if not better, than they did from March 2020 until November 2021.
The real question is, how much credit will be created?
➡️ 2024 U.S. Election: Impact on Crypto Markets
📊 In its recent report, Coin Metrics investigates the potential influence of the 2024 U.S. presidential election on cryptocurrency markets, particularly focusing on bitcoin (BTC). The report notes that bitcoin has historically experienced price increases after previous elections, although the magnitude of these gains has decreased over time.
📈 The authors, Tanay Ved and Matías Andrade Cabieses, point out that these price shifts often align with Bitcoin halving events and significant Federal Reserve policy changes. This combination of events can reduce market uncertainty and foster bullish sentiment. They observe that bitcoin's realized volatility tends to rise around election periods, remaining elevated for about 30 days after the election.
Bitcoin’s realized volatility has historically increased around U.S. elections, typically remaining elevated for approximately 30 days post-election.
🎃 Unlock SEED’s Spooky Codes If You Dare! 👻
This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens.
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So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈
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🟢 Venezuela's Potential as a Cryptocurrency Powerhouse in Latin America
📈 Venezuela is emerging as a significant player in the cryptocurrency landscape of Latin America. Despite facing numerous challenges, it has become the fourth largest crypto economy in the region, surpassing countries like Colombia and Chile, according to a recent Chainalysis report.
💰 Between July 2023 and June 2024, Venezuela's economy received nearly $50 billion in cryptocurrency value. This positions the country as a hotspot for crypto activity, with Venezuelans frequently using stablecoins to mitigate the effects of ongoing currency devaluation. The report also highlighted a remarkable 110% year-over-year growth in the Venezuelan crypto market, indicating an increased reliance on cryptocurrencies to navigate economic challenges.
⚖️ Venezuela boasts one of the first regulatory frameworks for cryptocurrency in Latin America, covering trading and mining activities. However, government compliance with these laws has been inconsistent. In May, authorities launched a crackdown on mining activities, citing high demand that led to blackouts and disruptions in the national electric grid. Additionally, a $20 billion cryptocurrency corruption scheme involving Sunacrip (the national crypto watchdog) and PDVSA (the state-owned oil company) hindered local exchange operations and deterred large international crypto-linked companies from investing in the country.
➡️ The ongoing political turmoil, exacerbated by opposition leaders' claims regarding President Nicolas Maduro's alleged electoral defeat, raises concerns about the potential intensification of Western sanctions against Venezuela.
🌟 However, if these issues are resolved, Venezuela has the potential to become a cryptocurrency powerhouse in the region. The country's abundant hydroelectric power resources and low electricity costs could attract large mining and trading companies looking to enter this emerging market.
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- Token Info: 1B supply
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Following our successful campaign with OKX, we’re thrilled to announce our partnership with Binance, the world’s leading crypto exchange, to bring you an event like no other! 😮
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🔍 MiCA Regulations: A Game Changer for the Stablecoin Market
📈 The stablecoin market has seen significant growth, surpassing $172 billion by October 2023, largely influenced by the European Union’s Markets in Crypto Assets Regulation (MiCA). Recent data reveals that stablecoins facilitated $123 billion in transactions that month, highlighting their increasing role in global finance. They now represent about 50% of all value settled on public blockchains, outpacing Bitcoin at 25%.
⚖️ A major transformation is underway with the introduction of MiCA in June 2023. This regulatory framework aims to standardize rules for crypto assets across the EU. Although not fully implemented, its impact on the stablecoin market is already noticeable. Martin Bruncko, Founder and CEO of Schuman Financial, emphasized that MiCA requires stablecoin issuers in the EU to comply with strict anti-money laundering (AML) policies and various other stipulations. He stated,
Either you become MiCA compliant, or it will be illegal for any business to distribute your product to consumers and businesses in Europe.
Regulatory clarity in regions outside the U.S. is fueling the growth of stablecoins globally, while the U.S. risks falling behind.
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🔒 Russian Federal Agency Detective Sentenced to 16 Years: Infraud Bitcoin Case Ends in Jail Time
🌐 In a landmark ruling, a former top detective from the Russian Investigative Committee has been handed a hefty sentence of 16 years. The case, known as the Infraud Bitcoin bribery scandal, has been making waves across legal circles.
💰 The Biggest Bribe in Modern Russian History
Legal experts are calling it a watershed moment, dubbing this high-profile affair as "the largest bribe in modern Russian history." The accused detective, Marat Tambiev, and his assistant, Kristina Lyakhovenko, were found guilty of accepting bribes from notorious credit card fraudsters.
↪️ Infraud Organization: Cybercrime on a Global Scale
Operating between 2010 and 2018, the Infraud Organization was an international cybercrime syndicate specializing in credit card fraud or "carding." Their activities caught the attention of law enforcement agencies worldwide.
⚖️ A Verdict That Sends a Message
Tambiev's fate is sealed with a maximum-security penal colony term. Meanwhile, Lyakhovenko faces nine years in a "general" penal colony. The court's decision underscores the severity of their crimes and sends a clear message about the consequences of corruption.
💱 A Bribe Sealed with Bitcoin
The court proceedings revealed that Tambiev accepted a staggering BTC 1,032 bribe from an Infraud gang member. Shockingly, this deal included an agreement not to touch the group's own Bitcoin stash—a digital twist to an already complex case.
🔍 Protests of Innocence Amidst Legal Fallout
Throughout the trial, Tambiev maintained his innocence and claimed he was set up. However, the court ruled against him, stripping him of his rank and imposing a hefty fine exceeding $5 million. The stakes couldn't be higher.
🌟 A Fateful Date for Ill-Gotten Gains
Prosecutors dropped a bombshell, revealing that Tambiev received a significant portion of the illicit assets on April 7, 2022. This revelation further cemented the case against him and highlighted the extent of his involvement.
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🚨 Breaking News in Blockchain 🚨
@waterfall_network has emerged as the most scalable EVM-based smart contract platform, outperforming both Solana and Aptos. 🚀
The platform recently set a new record with 12,778 transactions per second (TPS) by conducting 3 tests and generating over 1,000,000 transactions. Notably, these results were independently verified by Chainspect (https://chainspect.app/chain/waterfall), a top-tier blockchain analytics provider.
What Makes Waterfall Network a Game-Changer?
🔹 Highly Scalable: Built to support diverse applications and use cases.
🔹 Unparalleled Decentralization: A unique consensus mechanism enabling millions of validators.
🔹 Broad Accessibility: Operates on low-cost hardware, making it inclusive for all.
🔹 Cost-Efficiency: Ultra-low transaction fees for an enhanced user experience.
The media is taking notice:
📌 Read the full story on GlobeNewswire
💧 How to Get $WATER:
- on Gate.io
- on MEXC
For more updates, check out Waterfall Network:
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💰 Majority Predict Bitcoin Will Surpass $100K by Year-End in Michael Saylor's Poll
📊 Michael Saylor, Executive Chairman of Microstrategy, recently conducted a poll on social media platform X regarding Bitcoin's future. The question posed was,
Will Bitcoin break $100K by New Year’s Eve?
All of our investors tell me, they want me to buy more bitcoin. They want me to raise capital to buy bitcoin.Читать полностью…
😍 SEED x OKX 🪙: The 1st NFT Collection of a TON project!
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🛡 Crypto CEO's Abduction Highlights Security Risks for High-Profile Holders
🚨 The recent abduction of Dean Skurka, CEO of Toronto-based cryptocurrency firm Wonderfi, has shed light on the significant security risks faced by high-profile crypto holders. Skurka was kidnapped during rush hour in a busy area of Toronto and was later released unharmed after a $1 million ransom was paid electronically.
Client funds and data remain safe, and were not impacted by this incident,
As the price goes up, more awareness of the space permeates throughout society, and as a result, more criminally minded people decide they want to try to figure out what the ROI of executing a physical attack against a known crypto holder is,
The average crypto person, even early adopters who may be multi-millionaires, tend not to have really great physical security, and often they don’t have great operational security or privacy.
This particular incident is not something that many people have to worry about unless they’re a high-profile figure,
💰 UBS Launches First Tokenized Fund in Asia
🌐 UBS Asset Management has announced the launch of its inaugural tokenized investment fund, the “UBS USD Money Market Investment Fund Token” (UMINT), in Singapore. This marks a significant step for UBS, a global leader in wealth management, as it ventures into the realm of digital assets by utilizing Ethereum's blockchain technology.
💼 The UMINT fund is designed to provide institutional-level cash management for its token holders through conservative investments in high-quality money market instruments. UBS describes this fund as a money market investment that will be accessible through authorized distribution partners.
🔗 This launch is part of UBS's broader strategy towards tokenization, which has seen considerable progress over the past year. In October 2023, UBS participated in a pilot for a tokenized Variable Capital Company (VCC) fund under Singapore’s Project Guardian. The bank has also expanded its tokenization efforts with the UBS Tokenize platform, which initially focuses on bonds, funds, and structured products. Notable recent initiatives include issuing CNH 200 million in digital structured notes in June 2023 and completing the first cross-border repurchase transaction using a natively issued digital bond on a public blockchain in November 2023.
🗣 Thomas Kaegi, co-head of UBS Asset Management APAC, emphasized that the launch of the UMINT fund is a response to the increasing demand for digital investment assets. He stated,
We have seen growing investor appetite for tokenized financial assets across asset classes.
Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.
🚀 Dogecoin Price Forecast: Musk's Influence Amid US Elections
🗓 With just 5 days left until the US Election, Elon Musk has reignited the meme coin market as the 'Dogefather' CEO of DOGE. This surge coincides with a significant pre-election rally in crypto markets, where Bitcoin is nearing a new all-time high after surpassing $72,000 this week, driven by institutional investments.
📈 Prominent crypto traders are supporting this emerging trend, noting a strong low-time-frame image of three consecutive 'falling wedge' patterns followed by breakout moves. This analysis boosts DOGE holder confidence as the coin appears poised to continue its upward trajectory, especially with Musk drawing attention to it during a pivotal moment in the Presidential race.
🤔 Amidst one of the most intense US Election campaigns, Elon Musk has publicly backed Donald Trump for the White House, even being offered a position in a pro-Bitcoin Trump administration. His campaigning efforts are focused on key swing states like Pennsylvania, with hype surrounding his alleged role as the CEO of D.O.G.E – the Department of Government Efficiency.
➡️ On October 28, Musk tweeted a Dogecoin meme on X, sparking excitement that led to a breakout from its falling wedge pattern. In the following 24 hours, DOGE price surged, achieving a 7-day gain of 21.9% and driving a broader rally in the meme coin market.
📊 Currently, DOGE is trading at $0.16 (with a 24-hour change of -3.74%). After a dramatic +25% climb since Monday, the price is experiencing a localized retracement as bulls aim to consolidate their hard-fought gains.
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🚀 Ethereum Rivals Could Deliver 2500% Gains by 2025, Predicts Crypto Billionaire 📈
In this piece, we will investigate the reasons why Rexas Finance and Cardano are being highlighted as strong competitors to Ethereum.
👉 Read more
🟢 Iran's President Critiques Western Influence at BRICS Summit
🗣 Iranian President Masoud Pezeshkian expressed strong criticism towards the UN Security Council and the International Monetary Fund (IMF) during the BRICS summit held in Kazan from October 22-24. He accused these institutions of losing their effectiveness due to Western interference and called on BRICS nations to reduce their reliance on Western financial systems.
Many international structures and mechanisms … such as the UN Security Council, IMF, and human rights organizations have lost their effectiveness
🔄 WazirX Transfers $74M in Crypto After Major Hack
💰 Following a significant cyber attack in July that resulted in losses of $234 million, WazirX allegedly redirected approximately $73.6 million of its users' cryptocurrency to global exchanges Bybit and KuCoin. This claim was made by CoinSwitch CEO Ashish Singhal as his company launched a public dashboard to monitor wallet activities.
➡️ In a recent affidavit filed with the Singapore High Court, WazirX disclosed over 240,000 wallet addresses as part of its debt restructuring efforts. Singhal pointed out that while CoinSwitch holds both fiat and crypto assets with WazirX, the exchange "illegally" suspended withdrawals. Consequently, CoinSwitch had to utilize its own treasury to cover its users' funds.
⚖️ CoinSwitch initiated legal proceedings against WazirX in July, revealing more than $9 million in trapped assets. Despite these affected funds representing less than 1% of CoinSwitch's total assets, the company has created a dashboard for detailed examination of the wallet addresses. Singhal expressed hope that "making that dashboard publicly available" would assist crypto investors.
🔍 He further stated,
By scanning through these wallets, we have observed a large chunk of WazirX crypto has been moved to exchanges such as Bybit and KuCoin post the incident.
Funds were moved to some exchanges because we are still in the process of onboarding a custodian.Читать полностью…
🔒 Coinbase Fights Back: Files for Summary Judgement Against SEC
🔍 Coinbase, the leading cryptocurrency exchange, is taking a bold step in its legal battle against the SEC. It has filed for a partial summary judgement, demanding transparency from the regulatory agency.
🟢 The filing highlights Coinbase's frustration with the SEC's lack of clarity on crypto regulations. It accuses the agency of refusing to explain which digital-asset transactions fall under securities laws, leaving businesses in the dark.
⚖️ Coinbase's legal team argues that the SEC's rejection of their Freedom of Information Act requests is unjustifiable. They propose a reasonable compromise, suggesting that immediate litigation can focus on existing documents while negotiations continue.
🔒 The SEC's tough stance on crypto is no secret. This enforcement-heavy approach has drawn criticism from industry giants like Kraken and Ripple. Even Cryptocom has taken legal action against the agency, calling out its "unauthorized overreach."
➡️ With the U.S. presidential election looming, the future of crypto regulation hangs in the balance. Republican nominee Donald Trump has vowed to replace SEC Chair Gary Gensler, while Democratic nominee Kamala Harris remains less vocal about her stance on blockchain.
🚀 China's CBDC App Hits 180 Million Wallets, $1.02 Trillion in Transactions
💱 China's e-CNY app, the central bank digital currency (CBDC), has reached a significant milestone with 180 million personal wallets and a whopping ¥7.3 trillion ($1.02 trillion) in transactions by July 2024.
🏦 This achievement underscores China's commitment to modernizing its financial system, as the CBDC reshapes the way money moves.
📈 In an interview, Mu Changchun, Director of the Digital Currency Research Institute at the People's Bank of China (PBoC), highlighted how the digital RMB integrates with traditional bank accounts and enables smart payments on blockchain.
⚡️ The flexibility of China's CBDC allows for offline use, ensuring smoother transactions even in areas without internet or electricity.
🆕 To enhance user experience, the system now supports diverse payment methods like QR codes and introduces features such as payments without electricity and mobile SIM card integration.
➡️ As part of its expansion plans, China aims to integrate the digital RMB into public services like transportation, making it more accessible to citizens.
🔒 While concerns about privacy and limited functionality persist among some users, China remains at the forefront of global CBDC development, with 134 countries exploring digital currencies.
🌍 As other major economies join the race, China's focus on innovation and addressing user concerns will be crucial for wider acceptance of its digital currency.
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🚨 Detained Binance Executive Tigran Gambaryan: A Hostage in Nigeria's Kuje Prison
🔒 Former IRS Chief Richard Weber has raised the alarm on the nightmarish ordeal faced by Tigran Gambaryan, a crypto compliance expert unjustly held at Kuje prison. Weber reveals that Gambaryan is locked up with "the worst of the worst" terrorists.
🆘 "Tigran is a hostage," Weber asserts, highlighting the irony of a law-abiding professional being confined alongside dangerous criminals. He implores the U.S. government to intervene and reunite Gambaryan with his wife and children in California.
🌍 Gambaryan's plight began during a trip to Nigeria for digital asset discussions, where he was promised safe passage. Instead, he found himself ensnared in dubious tax evasion and money laundering charges, prompting skepticism from the crypto community.
💔 The toll on Gambaryan's well-being is evident, as he battles malaria, pneumonia, and even a herniated disc without proper medical care. In an emotional court appearance, he pleads for justice, questioning why he's being subjected to such cruelty.
➡️ Yuki Gambaryan, Tigran's wife, echoes the urgent call for justice, decrying the erosion of humanity in her husband's ongoing ordeal. With each passing day, hope wanes as international attention turns to this distressing case.
♾ Russia's Crackdown on Illegal Crypto Exchanges: Saint Petersburg Takes Action
🔍 In a bid to curb illicit activities, Saint Petersburg police have launched a crackdown on illegal crypto exchanges. The authorities have wasted no time, conducting raids across the city and beyond.
➡️ Reports from local media outlets suggest that officers have targeted addresses in 14 different areas, making multiple arrests and issuing cautions to over 90 individuals. The Economic Security Department of the Ministry of Internal Affairs is also said to be involved.
💼 These exchanges may not be operating in isolation; there are indications of a broader network and potential links to money laundering. The sheer scale of the operation is evident from the level of coordination observed.
➡️ Early morning meetings, sealed search warrants, and teams dividing into groups – this was no ordinary operation. As per 47News, hundreds of officials from various law enforcement agencies gathered before dawn to execute the raids.
➡️ While crypto exchanges lack legal status in Russia, suspicions persist that they facilitate illegal cross-border transfers. Authorities are cracking down on these activities, charging those involved with organized crime and offenses related to illegal banking and payment instruments.
🔒 As investigations unfold, security forces are now turning their attention to a residential property in the village of Lisiy Nos, located in Saint Petersburg's Primorsky District. The message is clear: illegal crypto dealings will not go unchecked.