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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.
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.
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.
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.
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.
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, 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.
xAI, the AI startup founded by Elon Musk, is in talks to raise investment in a new funding round that would bring its valuation to $40 billion.
Digital assets played a large part in the US Treasury’s 2024 Q4 report. In the 132-page presentation to the Treasury Borrowing Advisory Committee (TBAC), the agency introduced different financial aspects, including the rapid growth of stablecoins, tokenization, and their use in the Treasury Market.
The digital asset world is evolving rapidly, bringing with it an array of new investment tools. Following the successful debut of Bitcoin and Ethereum ETFs, it appears that Solana’s turn may be approaching.
Today marks 16 years since the release of a document that laid the foundation for a new financial era—the Bitcoin whitepaper. On October 31, 2008, the enigmatic developer or group known as Satoshi Nakamoto released a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System.
On October 30, 2024, the American crypto exchange Kraken announced significant layoffs, marking it as the third major crypto company to reduce its workforce this week.
On October 30, Nishad Singh, the former CTO of bankrupt crypto exchange FTX, was sentenced to time served (18 months) and three years of supervised release, becoming the fourth former FTX employee to be officially sentenced.
U.S. President Joe Biden offered his thanks to Nigeria’s President Bola Tinubu for enabling the release of Binance executive Tigran Gambaryan, who was held by Nigerian officials in February 2024 due to accusations related to Binance’s operations in Nigeria.
Starknet, an Ethereum Layer 2 network, set a new TPS (transactions per second) record.
On October 29, U.S. spot Bitcoin ETFs witnessed an impressive total net inflow of over $870 million, as reported by SoSoValue. The previous high was reached in early June (~$886 million), with the all-time peak recorded on March 12, 2024, at roughly $1.05 billion.
Eric Schmidt, once at the helm of Google, asserts that U.S. defense strategy would be more effective by replacing tanks with AI drones.
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!
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.
OpenAI plans to build its first in-house AI chip in 2026. For this purpose, the company partners with manufacturers Broadcom and TSMC (Taiwan Semiconductor Manufacturing Company), Reuters reports.
Antonio Juliano, the founder and CEO of dYdX, announced on the company’s official website a 35% reduction in its workforce.
Circle has updated its terms for instant USDC cash-outs on the Circle Mint platform, raising fees and lowering the threshold for fee-free transactions. Now, daily redemptions exceeding $2 million incur a 0.03% fee, while amounts over $15 million are subject to a 0.1% fee.
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.
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.
BitMEX co-founder Arthur Hayes recently released an essay titled “Let’s Go Bitcoin”, where he addresses China’s economic challenges and anticipated shift to monetary easing, suggesting that this could lead to a significant BTC price increase.
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.
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.