The First UK Pension Scheme Announced Investing in Bitcoin
Cartwright, a large pension advisor in the UK, announced allocating 3% of its assets to Bitcoin. This is a first-of-its-kind Bitcoin investment move by pension specialists in the country.
Ethereum Devcon Attendee Robbed in Bangkok: Shocking Details
On November 5, 2024, an attendee of Ethereum Devcon, one of the largest crypto events, was robbed by two criminals in Bangkok.
Semler Scientific Acquires 47 BTC, Now Holds 1,058 BTC
On November 4, 2024, Semler Scientific—a leader in developing and marketing technology solutions for healthcare providers managing chronic conditions—announced its Q3 financial results.
Paxos Launches Global Stablecoin Network
Several major financial companies have come together to create the Global Dollar Network, an open stablecoin network aimed at accelerating the global adoption of stable digital assets.
Mt. Gox Moves $2.2 Billion in Bitcoin to Unknown Wallets
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.
Deutsche Telekom to Use Excess Energy for Bitcoin Mining
German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.
Coinbase Execs to Cash Out Shares
A number of Coinbase’s senior managers, including CEO Brian Armstrong, intend to sell more than $900 million in shares, as reported by Barron’s.
Alibaba Lays off Dozens of Employees at Its Metaverse Unit
Alibaba, a major China-based e-commerce company, is cutting down jobs in its metaverse department, Yuanjing Shengsheng.
Crypto Scandal: Coinbase Accused of Sky-High Listing Fees
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.
$11 Billion in Debt: Companies Scramble to Buy AI Chips on Credit
Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock.
Sam Altman: GPT-5 Probably Won’t Debut in 2024
Sam Altman, OpenAI’s CEO, stated that the next major AI model from the company is unlikely to roll out in 2024. The delay reflects OpenAI’s commitment to focusing on current model development rather than rushing a new launch.
U.S. October Employment Report Sparks BTC Movement
On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.
14th Birthday of the Bitcoin Logo
Bitcoin’s legendary logo, now an emblem of the digital economy, celebrates its anniversary on November 1. Today, it turns a proud 14 years old!
Immutable Reacts to Potential SEC Lawsuit
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.
OpenAI’s ChatGPT Adds Real-Time Web Search for Faster Results
OpenAI has introduced a new web search feature within ChatGPT, allowing users to access real-time information directly in the chat interface.
Charles D’Haussy: DeFi to Follow the Internet’s Evolutionary Path
Charles D’Haussy, CEO of the dYdX Foundation, believes that the decentralized finance (DeFi) sector may soon enter a “walled garden” phase, driven by regulatory pressures and growing demand for integrated services.
Paxos Launches New Stablecoin USDG
On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).
Florida CFO Advocates for Crypto, Raises Concerns Over CBDCs
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.
Tether’s Net Profit Soars to $2.5 Billion
Tether, the issuer of stablecoin USDT, reported $2.5 billion in net profit for Q3 2024. Independent auditing firm BDO confirmed that Tether’s total profit for the first nine months of 2024 reached $7.7 billion, with all declared reserves fully verified.
Gotbit Founder Faces Up to 20 Years in Prison
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.
CZ Returns to the Spotlight After Release
At Binance Blockchain Week Dubai 2024, Changpeng Zhao (CZ), the former CEO of Binance, joined Altcoin Daily’s Austin Arnold for an introspective “fireside chat.” Reflecting on recent struggles, including his imprisonment, CZ revisited his past missteps, shared key takeaways, and spoke about his new forward-focused vision.
6 Million Users Flock to Bitget Wallet Lite in Just 3 Days
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.
Report: Asia Dominates in Crypto Development Talent
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.
Coinbase Pours $25M into Fairshake PAC for Pro-Crypto Poliсy Push
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.
Chainalysis and AlixPartners Forge a New Anti-Fraud Alliance
Chainalysis, a blockchain analytics company, has announced a strategic partnership with the global consulting firm AlixPartners. The alliance is focused on enhancing AlixPartners’ capabilities in cryptocurrency monitoring, fraud detection, and digital asset analysis.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.