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HKVAX becomes the third cryptocurrency exchange to receive a license in Hong Kong.
Hong Kong Virtual Asset Exchange (HKVAX) has received a license from the Hong Kong Securities and Futures Commission (SFC) to operate a virtual asset trading platform.
The approval makes#HKVAXthe third licensed cryptocurrency exchange in the city and the first to receive approval under the virtual asset regulatory framework introduced two years ago.
On Wednesday, the Moscow Arbitration Court took a major step by freezing funds held in Russian branches of major American banks, totaling about $372 million.
This action was prompted by a petition from the Deputy Prosecutor of Russia, aimed at “ensuring the interests of the Russian Federation.”
Bitcoin spot ETFs see $388 million in outflows in three days.
During this period, the total outflow exceeded $388 million.#ArkInvest and ARKB 21Shares led the trend, recording an outflow of $57.97 million, while FBTC#Fidelityrecorded an outflow of $37.21 million.
In contrast, #BlackRock's IBIT saw inflows of $35.96 million, followed by smaller gains from#Bitwiseand #Invesco. Total#Bitcoinspot#ETFtrading fell to $1.13 billion, down from $1.66 billion the previous day.
Aptos Labs, a Layer 1 blockchain developer, has confirmed the acquisition, which will integrate the HashPalette blockchain into the Aptos network. The move involves migrating the Palette Chain blockchain and existing HashPalette applications to Aptos.
With this acquisition,#AptosLabs intends to capitalize on #HashPalette's strong position in Japan, establish relationships with large enterprises, and expand its presence throughout Asia.
What happened to Changpeng Zhao's condition during his time in prison?
Changpeng Zhao, the founder and former CEO of Binance, likely continued to increase his wealth during his recent four-month stint in a California detention center.
During his incarceration, Zhao’s net worth dropped significantly. Bloomberg reported that his wealth had fallen from about $36.5 billion on June 2 to about $30.8 billion by September 27. That estimate was conservative, as it assigned a zero value to his Bitcoin and Binance Coin holdings and reduced the valuation of his Binance.com holdings by 50% based on industry peers.
OpenAI has successfully closed a funding round, raising $6.6 billion, valuing the company at $157 billion, it announced in a blog post on October 2.
The new capital will expand OpenAI's ability to further AI research, enhance its computing capabilities, and enable it to develop solutions to complex problems.
Bank of America faces network outage, leaving thousands of customers in limbo.
A major network outage at Bank of America left thousands of customers unable to access their accounts or seeing their balances drop to zero.
The problems began around 16:26 UTC on October 2 and peaked an hour later, with around 18,000 reports of issues registered on #Downdetector, mostly related to the bank's mobile and online services.
Next week, an HBO documentary will reveal the secret of Bitcoin's creator.
An upcoming#HBOdocumentary directed by Cullen Hoback will reveal one of the digital world's biggest mysteries: the identity of Bitcoin creator Satoshi Nakamoto. The film, set to premiere next Tuesday night, claims to present new evidence that could finally reveal who is behind the pseudonym, a question that has intrigued people since#Bitcoinlaunched in 2009.
Cash, not cryptocurrency, dominates illicit activity, new report says
A new report from the Crypto-Information Sharing and Analysis Center (ISAC) shows that cash is far more prevalent in illicit activity around the world than cryptocurrency.
Despite cryptocurrencies gaining a reputation as a tool for facilitating crime, crypto-related crime rates have dropped sharply in 2024.
PayPal targets cryptocurrency for future commerce and payments.
In a recent interview with Yahoo Finance, Alex Chriss expressed confidence that cryptocurrency will become a key element in consumer commerce.
He noted that the technology enables faster and larger transactions around the world while reducing costs, which ultimately benefits consumers. Chris emphasized PayPal's commitment to adopting appropriate regulatory measures to ensure the security of transactions and the protection of user funds.
Google Cloud Introduces New Blockchain RPC Service for Faster dApps.
Google Cloud has introduced a new blockchain remote procedure call (RPC) service designed to make it easier for cryptocurrency developers to interact with blockchain data and improve the performance of decentralized applications (DApps).
The service promises fast response times and is initially available on the Ethereum ( ETH ) mainnet and testnet, with support for additional blockchains planned over the next year.
BNB Chain Introduces Gas-Free Transactions for Stablecoins.
The#BNBnetwork has announced a major update designed to improve the stablecoin infrastructure by introducing gas-free transactions.
The update, unveiled on September 18, aims to make stablecoin payments faster, more efficient, and free. It fits with BNB Chain's broader mission to make everyday cryptocurrency easier to use.
Swiss exchange SIX expands to include cryptocurrency trading.
The move aims to position SIX among major players such as Binance and Coinbase.
#SIX’s entry into the crypto sector is bolstered by Switzerland’s progressive crypto regulation, which makes it easier for traditional investors to participate. This shift comes as traditional financial institutions have been hesitant to enter the crypto space due to regulatory uncertainty. However, recent developments, including ZKB’s launch of#Bitcoinand#Ethereumtrading and custody services, signal growing adoption.
Cryptocurrency custodian BitGo is preparing to enter the stablecoin market with plans to launch a dollar-backed stablecoin called USDS by 2025, according to a September 18 announcement.
#BitGo stated that#USDSwill be fully backed by short-term treasury bills, overnight repo transactions and cash, ensuring both high liquidity and minimal risk.
Singapore's DBS Bank to offer Bitcoin and Ethereum options trading.
DBS Bank of Singapore plans to launch over-the-counter trading of cryptocurrency options and structured notes for institutional clients in the fourth quarter of 2024.
The move positions DBS as the first Asian-headquartered bank to offer financial products linked to the value of#Bitcoinand#Ethereum— the two largest digital assets by market capitalization.
The crypto options and structured notes will only be available to eligible institutional investors and accredited clients of#DBSPrivate Bank and DBS Treasures Private Client, according to the bank.
The Linux Foundation launches a decentralized trust with major open source projects.
The Linux Foundation has created a new organization, the Linux Foundation Decentralized Trust (LFDT), whose goal is to unite open source projects for decentralized technologies.
The initiative is launched with over 100 founding members, including prominent contributors from the Hyperledger Foundation, Hedera, and others.