The research company 10X Research, known for its reliable forecasts, predicts another wave of “gold rush” enthusiasm in the crypto market. According to their model, Bitcoin could soar to an impressive $100,000 by January 2025!
Since the start of 2024, Brazil’s net crypto inflow has surged almost 61%, according to Reuters, illustrating the country’s growing demand for digital assets.
The Blockchain Association and the Crypto Council, two organizations dedicated to crypto advocacy, stepped up to support Beba and the DeFi Education Fund in a lawsuit against the US SEC (Securities and Exchange Commission).
On October 28, Phantom, the most widely used crypto wallet on the Solana network, reported intermittent service issues.
The Hong Kong government has announced expanded tax breaks for cryptocurrency investments and a simplified licensing process for crypto platforms.
Based on on-chain data from Arkham Intelligence, around $20 million was stolen from U.S. government crypto wallets. On October 24, the platform published an analysis on their X account.
According to Ripple CEO Brad Garlinghouse, an XRP ETF (Exchange-Traded Fund) is inevitable.
Liminal, a platform providing institutional crypto custody solutions, has released an official statement about the WazirX breach, labeling the situation a "ongoing disinformation campaign."
On October 29, 2024, venture crypto fund DWF Labs confirmed it had dismissed a partner after allegations surfaced accusing him of attempting to use a date rape drug. Although the company did not disclose the partner’s identity, co-founder Eugene Ng’s name was soon removed from the organization’s website following the announcement.
Consensys, the developer of the widely-used non-custodial MetaMask wallet, has announced layoffs impacting more than 160 employees (nearly 20% of its team) across all divisions.
Paolo Ardoino, CEO of Tether, voiced apprehensions about Europe’s MiCA regulation (Markets in Crypto Assets), which he believes could pose substantial risks to stablecoin issuers.
The bankrupt crypto exchange FTX reached a $228 million settlement with Bybit, aimed at reclaiming assets to bolster funds for client and creditor repayments. FTX's restructuring team actively sought to recover assets to strengthen its payout capacity.
The U.S. Court of Appeals dismissed Ali Sedaghatpour’s case against Lemonade Insurance, where he had sought compensation after falling victim to a crypto scam. Sedaghatpour claimed the insurer wrongfully refused to cover his substantial cryptocurrency loss.
Tesla reported its financial results for the third quarter of 2024 which reveals the company didn’t sell any of its 11,509 Bitcoins, currently valued at around $765 million.
