Chainlink, a decentralized blockchain oracle network built on Ethereum, has unveiled innovative technology to safeguard data privacy for financial institutions during blockchain transactions. The new privacy features, introduced on Oct. 22, cater to financial entities seeking to leverage blockchain applications while ensuring end-to-end privacy. The offerings include the Blockchain Privacy Manager, facilitating private chain integration with the public Chainlink Platform, and CCIP Private Transactions encryption protocol. ANZ Bank is set to pilot these capabilities for cross-chain settlement of tokenized real-world assets under Singapore's Project Guardian. With the Blockchain Privacy Manager, institutions like ANZ Bank can seamlessly connect private chains to various public and private blockchains via the Chainlink CCIP network. The CCIP Private Transactions protocol enables secure encryption and decryption of sensitive data during transactions across multiple private chains. Chainlink's privacy enhancements address the pressing need for secure cross-chain privacy in compliance with regulations like GDPR, paving the way for increased institutional adoption of blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news

Cryptocurrency exchanges Binance and Crypto.com are experiencing a decrease in market share as decentralized exchanges (DEXs) become more popular. Binance, the largest crypto exchange globally, saw a 13% drop in spot trading volume from 52.5% in October 2023 to 39.5% currently. Similarly, its crypto derivatives market share decreased by 8.4% year-over-year. Smaller exchanges like Bybit, Bitget, and OKX have benefited from Binance's decline. Bitget's market share grew from 8.2% to 12.7% due to educational efforts and strategic partnerships. Crypto.com also faced a decline, dropping from 15% to below 4% by February 2024. Decentralized exchanges are posing a threat to centralized exchanges, with DEX trading volumes surpassing $250 billion monthly. Despite challenges, Binance's market share has been improving in 2024. The competition between centralized and decentralized exchanges continues to evolve in the cryptocurrency market. Read more AI-generated news on: https://app.chaingpt.org/news

Tesla CEO Elon Musk recently expressed his support for Massachusetts Republican Senate candidate John Deaton in his bid to unseat Democratic Sen. Elizabeth Warren. Musk, the world's richest man, endorsed Deaton on social media, citing Warren's views on financial services and her impact on the country. Deaton, a moderate Republican, has gained backing from prominent figures in the tech and digital asset industries, including Mark Cuban and the Winklevoss twins. Despite facing a significant polling gap, Deaton's bipartisan approach and advocacy for the crypto industry have garnered support. However, Warren remains a formidable opponent with a comfortable lead in recent polls. The upcoming election on November 5 will determine the outcome of this closely watched Senate race in Massachusetts. Read more AI-generated news on: https://app.chaingpt.org/news

Dubai, UAE, October 21st, 2024 - Sui, a leading Layer 1 blockchain, has unveiled its inaugural SuiHub in partnership with Ghaf Group, a prominent blockchain collaborator in MENA. The launch marks the beginning of a global network of Sui workspaces, starting in Dubai due to its tech-friendly environment. SuiHub Dubai at Expo City will offer Web3 startup founders workshops, funding, and technical aid to leverage Sui's blockchain infrastructure. This move solidifies Sui's position in MENA's Web3 development scene, aligning with Dubai's blockchain adoption. The hub aims to empower local builders and entrepreneurs, with plans for more hubs worldwide. SuiHub's CEO emphasizes the mission to support regional blockchain startups and foster collaboration. The partnership with American University of Sharjah highlights Sui's commitment to nurturing blockchain talent. The launch signifies Sui's dedication to a decentralized ecosystem, with future hubs to follow for global developer support. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data reveals a surge in activity and address creation within the XRP network, indicating a potential bullish signal. Santiment, an on-chain analytics firm, reports a significant increase in address-related metrics for XRP. Daily Active Addresses, tracking the total number of addresses engaged in transfer activity daily, and Network Growth, measuring new address creation daily, have both spiked. The rise in active addresses reflects network utility, while network growth indicates cryptocurrency adoption. The recent surge in activity saw transactions from 35,799 unique users, the highest since July, and 3,858 new users joining, the most since March. This uptrend suggests a positive outlook for XRP, with adoption signaling long-term bullish prospects and utility potentially influencing short-term price volatility. The current activity spike amid consolidation could hint at a buying trend, possibly leading to a fresh surge in XRP value currently hovering around $0.544. Read more AI-generated news on: https://app.chaingpt.org/news

The concept of Decentralized Physical Infrastructure Networks (DePIN) is gaining momentum as we enter October. These projects are reshaping industries by linking real-world assets to the decentralized web, enabling users to participate in protocols blending physical infrastructure with blockchain tech. Among the platforms in this space, three stand out this month: Script Network ($SCPT), leading the way with its innovative Watch-to-Earn protocol; Helium, pioneering a decentralized wireless network; and Render ($RNDR), offering decentralized GPU rendering power. Script Network's vision to merge decentralized infrastructure with mass-scale media consumption sets it apart, while Helium focuses on expanding IoT applications and 5G coverage. Render, ranked in the top 75 market cap projects, provides a cost-effective solution for high-quality 3D graphics. These projects exemplify the potential of blockchain to revolutionize industries beyond finance. Watch out for Script Network, Helium, and Render as they shape the future of decentralized, physical networks this October. Read more AI-generated news on: https://app.chaingpt.org/news

The Black Keys, a liberal indie rock duo, are scheduled to perform at a concert in Ohio as part of a pro-crypto political campaign. The event, organized by Stand With Crypto, aims to engage American crypto owners in swing states ahead of the presidential election. Despite the band's liberal stance, they will be playing at a crypto-themed event, raising questions about their involvement. The concert comes amidst significant spending by crypto PACs in Ohio's Senate race, supporting a controversial pro-MAGA Republican challenger against the incumbent Democrat. The Black Keys' participation in the event, despite their previous skepticism towards cryptocurrency, adds an intriguing element to the unfolding political landscape. The band's decision to perform at the event, especially given their past commitments to liberal causes, raises curiosity about their alignment with the crypto lobby's objectives. Read more AI-generated news on: https://app.chaingpt.org/news

Chris Larsen, co-founder of Ripple, has given $10 million to a PAC backing Democratic VP Kamala Harris in the 2024 US presidential election. Larsen confirmed the donation in XRP to Future Forward USA, a super PAC supporting Harris. This follows his $1 million contribution in August. Future Forward has raised over $200 million to support Harris against Donald Trump. Ripple CEO Brad Garlinghouse stated the company will engage with both parties for pro-crypto policies. Despite some criticism, Larsen has also supported a Republican candidate. Crypto-backed super PACs like Fairshake have backed candidates from both parties. The presidential race between Harris and Trump is tight. Cointelegraph is featuring crypto-friendly politicians in its series 'Better Know a Crypto Candidate.' Read more AI-generated news on: https://app.chaingpt.org/news

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam expressed frustration over the stalled progress in crypto regulation discussions in the United States. Speaking at the Securities Industry and Financial Markets Association (SIFMA) annual meeting, Behnam highlighted the agency's limitations without a legislative framework. He mentioned the potential for advancements with a new Congress and president. Behnam also discussed the use of artificial intelligence (AI) by the CFTC to monitor markets and detect manipulation and cyberattacks. The finance industry, represented by SIFMA President Kenneth Bentsen, expressed concerns about the challenges faced by brokerage firms in avoiding enforcement actions. The US Treasury's success in using AI to combat fraud was also noted. Behnam emphasized the importance of leveraging AI for compliance to reduce enforcement cases. Read more AI-generated news on: https://app.chaingpt.org/news

Ripple co-founder Chris Larsen made a $10 million XRP donation to the Kamala Harris campaign. US-based cryptocurrency investment products saw significant inflows, reaching $2.2 billion last week. MicroStrategy's share price is predicted to rise despite concerns of overvaluation. Larsen aims to support Harris in the upcoming US election, emphasizing her focus on American technology dominance. Ripple CEO Brad Garlinghouse also expressed support for Larsen's donation and emphasized the importance of policies driving blockchain innovation. CoinShares reported positive trends in digital investment products, attributing optimism to expectations of a Republican election win. The US led in crypto investments, while countries like Canada and Sweden saw outflows. A Federal Reserve Bank of Minneapolis paper suggested taxing or banning assets like Bitcoin to manage deficits, sparking debate among crypto enthusiasts. Read more AI-generated news on: https://app.chaingpt.org/news

MicroStrategy’s executive chairman, Michael Saylor, faced criticism for suggesting Bitcoin holders use 'too big to fail' financial institutions for custodianship instead of self-custody, a practice he previously endorsed. In an interview, Saylor dismissed concerns of state seizure of Bitcoin, calling such fears 'paranoid.' This shift in stance drew backlash from the Bitcoin community, with some accusing Saylor of undermining the currency's core principles. However, some supporters viewed his remarks as aimed at institutional adoption rather than individual users. Despite the controversy, Saylor's MicroStrategy remains a major Bitcoin holder. While some praised his willingness to challenge norms, others questioned his motives, speculating that his company's business interests influenced his stance on custodianship. Saylor's evolving views on Bitcoin custody continue to spark debate within the crypto community. Read more AI-generated news on: https://app.chaingpt.org/news

The former CEO of Mine Digital, an Australian cryptocurrency exchange, is accused of defrauding a customer of $1.47 million. The Australian Securities and Investments Commission (ASIC) claims that the customer paid the amount to ACCE Australia but did not receive the Bitcoin in return. ASIC alleges that the CEO used the funds to pay off debts or buy cryptocurrency for others. The exchange collapsed in September 2022, with creditors seeking to recover $16 million. The CEO, Grant Colthup, faces a fraud charge under Queensland's Criminal Code and could face up to 20 years in prison. The case has been adjourned to December 2024. The exchange operated from May 2019 to September 2022, with only $20,000 in assets under control at the time of collapse. Liquidators are seeking compensation for creditors. Bitcoin's value has significantly increased since the alleged fraud occurred. Read more AI-generated news on: https://app.chaingpt.org/news

Chainlink recently conducted a pilot program to create an onchain database of corporate actions using artificial intelligence and decentralized oracle technology. The initiative aims to utilize AI, oracles, and blockchain advancements to tackle the challenge of real-time and standardized data on corporate actions. By combining data oracles with large language AI models, Chainlink successfully converted unverifiable off-chain data into digital data accessible in near real-time. This innovative approach addresses the complexities of unstructured corporate action data, typically presented in human-readable formats like PDFs, leading to inefficiencies and high costs for investors and financial institutions. The pilot involved collaborations with leading financial services firms and blockchain networks, demonstrating the potential for operational efficiency and cost reduction. Chainlink's exploration of decentralized oracles in financial markets highlights the growing importance of external data sources in blockchain networks. Read more AI-generated news on: https://app.chaingpt.org/news

Ledger Live has collaborated with THORChain, a decentralized finance protocol, to introduce native cross-chain swaps on its platform. This partnership enables users to easily exchange assets across different blockchains directly within the Ledger Live app. It is the first time Ledger has integrated a DeFi protocol for native blockchain swaps. THORChain, known for its decentralized liquidity protocol, allows users to swap assets across various blockchain ecosystems without the need for wrapped assets. Users of Ledger Live can now seamlessly swap assets between blockchains using THORChain by accessing the 'discover' page and opting into the new feature. Additionally, there are speculations about THORChain potentially integrating with Binance's Web3 wallet in the future. This collaboration follows THORChain's recent integration with the Rujira Alliance, forming a robust DeFi ecosystem with significant potential for growth and utility. Read more AI-generated news on: https://app.chaingpt.org/news

Tap Protocol, a decentralized finance platform on Bitcoin, has rescheduled its token distribution to October 23, 2024. Initially planned for October 21, the Token Generation Event (TGE) was postponed to ensure ecosystem partners are ready for increased transactions. The delay aims to guarantee optimal performance of bridges and products. Tap Protocol emphasizes the importance of readiness for the high user volume expected. The TAP token will launch on Bitcoin and Ethereum networks simultaneously, maintaining a fixed supply of 21 million tokens. Utilizing the Ordinals system, Tap Protocol aims to enhance DeFi and dApps capabilities within the BTC ecosystem through diverse assets, including NFTs. The roadmap includes milestones like token swap, marketplace, and staking. This strategic approach positions Tap Protocol as a significant player in the decentralized finance space. Read more AI-generated news on: https://app.chaingpt.org/news

NoOnes, a P2P platform founded two years ago, led by CEO Ray Youssef, aims to empower the Global South using Bitcoin. Youssef discusses the challenges faced, the financial apartheid in Africa, and the evolving relationship between crypto and people. NoOnes, a super app for the Global South, offers various services tailored to the region's needs. Youssef envisions a future where crypto and peer-to-peer mechanisms end financial apartheid. The platform focuses on education, transparency, and ensuring everyone benefits. By advocating for Pan-African trade and providing opportunities for wealth creation, NoOnes aims to lead the Global South towards prosperity. Youssef emphasizes the importance of education in driving change and plans to expand the platform's offerings to support growth and development in the region. Read more AI-generated news on: https://app.chaingpt.org/news

The Global Data Ecosystem Conference in Shanghai concluded successfully, focusing on blockchain technology, data applications, and emerging innovations. With over 30 events covering topics like international data cooperation and connecting data service providers, the conference aimed to explore new technologies. Organized by Yicai, the event was co-hosted by the Shanghai Data Service Provider Association and the Shanghai Data Group, with support from the Shanghai Data Bureau and Pudong district. The conference also saw the launch of the National Data Group Alliance to promote collaboration among data enterprises. Participants discussed promoting public data sharing, building data centers, and creating a favorable digital business environment in Shanghai. The city aims to further enhance public data sharing, develop digital business ecosystems, and establish international data centers. Shanghai, particularly Pudong New Area, is positioned as a hub for tech innovation, including blockchain, with plans to pioneer new technologies and reduce transaction costs. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin's record-breaking hashrate boosts network security, making attacks harder. The surge indicates growing miner activity, boosting confidence in Bitcoin. A higher hashrate improves transaction processing and block creation, enhancing reliability. The surge reflects commitment to BTC amid market fluctuations. The hashrate measures miners' computational power, crucial for network security. Advancements in mining tech, decentralization, market dynamics, and regulatory clarity drive the surge. The surge enhances network security, reflects confidence in BTC's future, and impacts mining difficulty. The rise in hashrate signals a more robust network, encouraging adoption. However, concerns about energy consumption persist. BTC's hashrate surge signifies a secure and promising future, but addressing environmental impact is crucial for sustainability. As the hashrate rises, Bitcoin is likely to gain more trust and adoption in the global economy. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency market is known for its speculative nature, with investors often pondering various scenarios for their favorite digital assets. Recently, the question arose about the potential price of Shiba Inu if it were to reach XRP's market cap of $30.5 billion. Meanwhile, ETFSwap (ETFS) is enhancing its ETF trading platform ahead of its beta launch. Shiba Inu (SHIB) gained attention after an impressive 8,000% surge in October 2021, now ranking 13th by market cap at $11 billion. Ripple (XRP), once a top altcoin, faced challenges due to legal issues with the SEC. MarketCapOf estimates that if Shiba Inu reached XRP's market cap, its price would be $0.0000528, a 2.84x increase. ETFSwap (ETFS) is a decentralized ETF platform catering to institutional investors and traders, offering a diverse range of ETFs in compliance with regulatory standards. The platform's upcoming beta launch promises advanced features like a market-making algorithm and AI-powered analytical tools for enhanced trading experiences. Read more AI-generated news on: https://app.chaingpt.org/news

Ledn, a crypto lender, reported a 225% increase in retail loans, totaling $506 million in loan transactions in Q3. Institutional clients received $437.7 million in loans, while retail clients saw a surge to $68.9 million. The rise in retail loans is attributed to the Celsius refinancing program, crypto ETF launches, and reduced market volatility. Ledn has processed $1.67 billion in loans this year, with $258.7 million for retail users and $1.41 billion for institutions. The growing demand for digital asset-backed lending is driven by tighter monetary policies, competition for funding, and market events like Bitcoin halving and Ethereum ETF introductions. Ledn's CIO noted a spike in institutional demand in July, possibly influenced by the SEC's approval of Ethereum ETFs. The market anticipates the US elections as a potential catalyst for Bitcoin's price surge. Read more AI-generated news on: https://app.chaingpt.org/news