#cryptocurrencies

WhiteBIT, Europe’s largest cryptocurrency exchange, has unveiled Auto-Invest, a feature that takes the hassle out of buying cryptocurrencies by automating the process entirely.

Nepal’s Financial Intelligence Unit (FIU), tasked with countering financial crimes, money laundering, and terrorist financing, has flagged cryptocurrencies as a key instrument in criminal activities.

The Ethereum Foundation has published a financial report detailing its assets, which amount to nearly $970 million. Of this, $788.7 million is held in cryptocurrencies, with ETH constituting 99.45% of the portfolio. Approximately $181.5 million is invested in conventional assets and cash reserves.

Estimates suggest that 15-19 million Iranians, or around 15-20% of the population, use cryptocurrencies. They trade digital assets on various local platforms. There are approximately 90 such platforms in the country, though only ten are centralized.

Tether’s USDT has reached a new record-high market cap of $120 billion. This increase reflects the growing demand for cryptocurrencies, with stablecoins like USDT playing a key role in providing liquidity quickly and efficiently.

Throughout her campaign, Kamala Harris, a Democratic Party candidate, had not made her stance on cryptocurrencies clear. But on Monday, October 14, she broke her silence, expressing a clear endorsement of digital currencies.

Financial services company Stripe has reenabled crypto payments after halting them in 2018. The announcement came from Jeff Weinstein, Product Lead at Stripe, via his post on X (formerly Twitter).

Grayscale released a new research paper focusing on various cryptocurrency sectors. The company updated its list of the top 20 cryptocurrencies that Grayscale Research believes have high potential for Q4 2024.

Binance, a leading crypto exchange by trading volume, announced the launch of a new asset, BFUSD. The news has been actively shared on social media, with many users on X assuming BFUSD is a stablecoin.

Blockchain-based and stablecoin-focused payments platform BVNK aims for a new funding round. According to Bloomberg, the startup, which is backed by Tiger Global Management, is in talks with potential buyers to raise at least $50M.

Detroit is gearing up to become the largest U.S. city to accept cryptocurrencies for tax and city fee payments.

Several DeFi sector cryptocurrencies posted daily gains exceeding 20% after Donald Trump appeared as the clear winner of the U.S. presidential election on November 6. Investors are optimistic that the new White House administration will foster a more favorable climate between regulators and the crypto industry.

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.

On September 28, during the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former Vice Minister of Finance, urged Chinese authorities to reconsider their approach to cryptocurrencies, warning that the U.S. could take the lead in this sector.

Ethena Labs announced the launch of a new stablecoin, UStb, backed by BlackRock's tokenized Treasury fund, BUILD. This coin will operate independently from the existing USDe, which utilizes hedging strategies, including trades involving cryptocurrencies like BTC, ETH, and SOL, to offer users a yield.