Technology
Crypto
Bitcoin dips below $61K despite Fed’s dovish stance
The FOMC minutes published on Oct. 9 effectively confirmed a 50 basis point cut in interest rates this year, but Bitcoin failed to mirror the rally in equities.
Crypto
Ronin co-founder slams ‘inductive fallacy’ in memecoin vs. altcoin revenue debate
Regulatory uncertainty holds back the revenue from altcoins related to DeFi protocols, as they are afraid of regulatory enforcement.
Memecoins
VanEck portfolio manager says crypto projects should emulate key memecoin traits
Kanade recommends crypto projects simplify token designs and adopt high float models to enhance growth and transparency.
Crypto
Fresh Bitcoin whales invest over $100 billion, signaling market transformation
Addresses holding BTC for less than 155 days on average represent 48.8% of Bitcoin's realized cap, on-chain data reveals.
Payments
Samsung Pay expands crypto payments options via Alchemy Pay partnership
Over 500,000 Alchemy Pay users will be able to use the Samsung Pay gateway for online and in-store crypto payments in 24 different countries.
Privacy
Privacy tokens reach highest delisting rate in 2024 — Kaiko
Monero delistings increase six-fold in one year, followed by Dash's nearly 20 removals from crypto exchanges.
Crypto
Bitcoin’s latest dip below $60K signals market stabilization amid geopolitical tensions – Bitfinex
Bitcoin's pullback last week reduced perpetual open interes by over $3 billion, to more stable levels.
Crypto
Court greenlights FTX’s $16.5 billion bankruptcy plan to repay defrauded customers
The repayments will be in cash, with interest, and should start within 60 days after the plan comes into effect.
Investments
Crypto startups secure $691 million in venture capital during September
Investments in blockchain gaming grew for the second consecutive month, with $68 million directed at this sector's startups.
Crypto
Standard Chartered advises buying Bitcoin below $60,000 despite geopolitical uncertainty
Middle East tensions and US elections potential outcomes push Bitcoin's price in opposite directions, creating an "interesting circularity."
Crypto
PayPal settles invoice with EY in PYUSD first business payment
PayPal’s senior vice president for blockchain, cryptocurrency, and digital currency stated that stablecoins are well-suited for enterprises.
Crypto
Tokenized funds get preliminary approval to be used as collateral in the US
Funds such as BUIDL and FOBXX could be approved as collateral in 2024 in the US traditional finance market.