#crypto

On October 21, 2024, the Avalanche L1 blockchain team announced the launch of their crypto card in collaboration with Visa. This card allows users to pay for virtually any goods and services using cryptocurrencies like WAVAX (Wrapped AVAX), USDC (USD Coin), sAVAX (Staked AVAX), and several others.

Stripe, a payments services company, acquired the stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington’s post on X.

“State of Crypto 2024” report by the venture capital a16z Crypto reveals all-time highs in crypto activity, improvements to blockchain networks, and progress in regulatory discussions.

ESMA, the European Securities and Markets Authority, recommends that crypto companies perform regular cybersecurity audits. The regulator is urging EU lawmakers in Brussels to modify the regulatory documents for the sector to secure consumer funds more effectively.

The police in Hong Kong uncovered a large crypto scam and arrested 27 suspects - 21 men and 6 women.

Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Digital Large Cap Fund (GDLC) into a traditional ETF.

Hyper Foundation announced the upcoming airdrop of HYPE, a native token for the Hyperliquid blockchain ecosystem. Eligible users will receive the tokens in their wallets at the Genesis Event, with the final date to review and accept the event’s terms set on November 11, 2024.

The U.S. Securities and Exchange Commission (SEC) has filed an appeal in its case against Ripple (XRP), challenging a district court decision made a year ago. Back then, the crypto firm secured a victory as the judge ruled that XRP sales to retail investors did not breach securities laws.

U.S. presidential candidate Donald Trump aims to make significant changes to the federal regulatory landscape, particularly regarding the cryptocurrency sector.

According to a new survey by private wealth platform Aspen Digital, 76% of Asian private wealth is currently investing in digital assets. This number is up from 58% in 2022 per the KPMG report at the time.

Senator Elizabeth Warren, a Democrat with a strong anti-crypto stance, is challenging her Senate race rival — moderate Republican and crypto advocate John Deaton, a key figure in the “SEC vs. Ripple” lawsuit.

Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, discussed a possible financial avalanche in his new article “Persistent Weak Layers.”

Tesla, one of the world’s leading electric vehicle manufacturers, has moved over $765 million worth of Bitcoin to several unidentified crypto wallets.

BlackRock CEO Larry Fink made some intriguing remarks about the crypto industry during a Q3 earnings call, as shared on X by Bloomberg senior ETF analyst Eric Balchunas.

Tether Holdings Ltd continues to roll out ambitious plans to broaden its influence. As a major player in the crypto market and the leading stablecoin issuer, the company is now shifting its focus towards traditional financial markets.