#crypto

On November 5, voters across the U.S. will decide their next president in a contest that’s also attracting significant attention from the crypto sector. With Donald Trump and Kamala Harris running neck and neck, early results may be available as soon as the evening of November 6.

On November 5, 2024, an attendee of Ethereum Devcon, one of the largest crypto events, was robbed by two criminals in Bangkok.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.

On October 31, Bitget Wallet introduced Bitget Wallet Lite, a Telegram-based crypto wallet that lets users buy, hold, and transfer digital assets without leaving the messaging app.

On October 30, 2024, Coinbase invested $25 million in the political super PAC, Fairshake — an organization dedicated to promoting crypto-friendly candidates in U.S. elections. This commitment was confirmed by Coinbase CEO Brian Armstrong.

On October 30, Nishad Singh, the former CTO of bankrupt crypto exchange FTX, was sentenced to time served (18 months) and three years of supervised release, becoming the fourth former FTX employee to be officially sentenced.

Defunct crypto exchange Mt. Gox transferred over 32,000 Bitcoins valued at around $2.2 billion to unknown wallets, data from blockchain analysis platform Arkham Intelligence shows.

Tron founder Justin Sun and Yearn Finance founder Andre Cronje allege that Coinbase demanded multi-million dollar fees to list their tokens on its platform, while Binance, for instance, charged them nothing.

Blockchain gaming company Immutable received a Wells Notice from the US SEC (Securities and Exchange Commission). This means the agency is considering filing a lawsuit against Immutable for violating securities law.

The U.S. Department of Justice has filed charges against Aleksei Andriunin, the 26-year-old Russian founder of Gotbit, alleging his involvement in a large-scale cryptocurrency market manipulation scheme. According to investigators, Gotbit provided services that artificially boosted trading volumes for tokens of various crypto companies, including some based in the U.S., with the intent to manipulate prices.

In its latest research, Electric Capital assessed over 110,000 crypto developer profiles, finding Asia to be the top hub for crypto talent, overtaking North America.

Digital assets played a large part in the US Treasury's 2024 Q4 report. In the 132-page presentation to the Treasury Borrowing Advisory Committee (TBAC), ​​ the agency introduced different financial aspects, including the rapid growth of stablecoins, tokenization, and their use in the Treasury Market.

On October 30, 2024, the American crypto exchange Kraken announced significant layoffs, marking it as the third major crypto company to reduce its workforce this week.