Golden Finance reported that Spanish crypto fintech startup Atani announced the completion of a new round of financing of $6 million, led by Mexican venture capital fund Cometa, and participated in some Web3 business leaders in institutions such as JME Ventures, Conexo Ventures, CDTI, and SoftBank Europe. Founded in 2019, Atani is currently authorized by the Bank of Spain as a Virtual Asset Service Provider (VASP), providing cryptocurrency transaction routing and price comparison services to help users get the best trading prices, as well as portfolio management tools, cross-exchange and wallet account monitoring, price alerts, and automated reporting.
$BTC $ gains over 5% with latest Grayscale's Spot $BITCOIN$ ETF update
Gate.io News: $BTC , the largest crypto asset by market cap, is up over 5% in the past 24hoirs, & now trades around $31620.0, with a market cap of $614.53B, as per Gate.io chart.
This follows the rising $OPTIMISM$ within the crypto community after the massive News that U.S. Court has ordered SEC to review Grayscale’s Spot Bitcoin ETF, & reexamine the bid, poining at its similarity to approved futures ETFs.
#rose #BTC #solana #xrp #coinbase Gate.io News: The price of $OX$, the native token of OpenExchange, has increased by 49% in the last 24 hours after the token crossed $10 billion in trading volume.
$OX currently trades around $0.014926 (OX/$USDT$), with a market capitalization of $18.95M, and a 24-hour trading volume of $117.59K according to Gate.io trading chart.
News on October 23, the programmable privacy network Aleo said on its official website that the Aleo mainnet is expected to be launched at the end of 2023. Upon launch, Aleo _s will relinquish all control over the Aleo network, which will operate independently of its founding company and will organize a decentralized system similar to $ETHEREUM$. Earlier today, Bitmain planned to launch the Alo Antminer.#BTC #link #lightningnetwork #xrp #lbry
$SOL gains over 6% after hitting 15M Investment Record Inflows
Gate.io News: $SOL , the native cryptocurrency used to pay transaction fees, staking, $ETC$, in the $SOLANA$ Blockchain, is up over 6% in the past 24hours, & now trades around $29.679, with inflow of $18.53M, as per Gate.io chart.
This comes with the latest report that Solana Investment Products has recorded $15 Million Inflows, while outperforming several other cryptocurrencies with 213% gains this year in 2023 & net inflows at $74 million.
Standard Chartered's $SC $ Ventures and Deutsche Bank said they have completed the first proof-of-concept (PoC) for the Universal Digital Payment Network (UDPN), Golden Finance reported. It aims to connect payments from various CBDC and blockchain networks via messaging (similar to Swift). Unlike Swift, financial institutions exchange information through a permissible blockchain. Banks are willing to participate because the network only supports regulated tokens and uses decentralized identities to enforce compliance. During the trial, Standard Chartered's SC Ventures transferred and exchanged synthetic $USDC$ and $EURS$ (Stasis Euro stablecoins) to Deutsche Bank wallet in real time several times. SC Ventures uses code that leverages the UDPN SDK and API, while Deutsche Bank uses a graphical user interface. #BTC #xrp #lightningnetwork #BinanceSquare #bnbgreenfield
Blockchain analytics firm Chainalysis dismissed reports and analyses circulating in the media that exaggerate the role of cryptocurrencies in terrorist financing. Chainalysis noted that terrorist financing accounts for only a small percentage of illicit cryptocurrency transactions. Terrorist organizations have historically used traditional legal-based methods such as financial institutions, hawalas and shell companies as their primary source of financing, and are likely to continue. Chainalysis stressed that the transparency of blockchain transactions makes it less suitable for terrorists, which is the main reason Hamas stopped accepting $BITCOIN$ donations. This transparency enables law enforcement officers to track the origin and destination of every transaction on the blockchain, a feat that is nearly impossible to accomplish with cash transfers.
According to a report by Pinplay on October 19, the Arxiv page shows that Microsoft Research, together with the University of Chinese Academy of Sciences and Tsinghua University, jointly released a paper and announced a scalable and stable 1-$BIT$ Transformer architecture BitNet architecture. BitNet is designed for large language models. The research team said that to train the 1-bit weight, the team introduced BitLinear as nn. An alternative to the $LINEAR$ layer. Experimental results show that BitNet achieves competitive performance in language modeling tasks while significantly reducing memory footprint and energy consumption. In addition, BitNet presents a law of scaling similar to that of full-precision Transformers, showing that it has the potential to scale to larger language models while maintaining efficiency and performance benefits.
Odaily Threshold Network released a report on October 9 that it received an ImmuneFi report saying that the L2 WormholeGateway contract has serious vulnerabilities. Specifically, the report states that a small amount of L1 $TBTC$ tokens can be used to $MINT$ an unlimited number of L2 tBTC tokens on four L2 chains ($ARBITRUM$, $BASE$, $OPTIMISM$, $POLYGON$) integrated with the tBTC V2 system. After investigation, Threshold Network confirmed that the report was valid. A patch was then developed and used to upgrade the vulnerable contract instances. This is a preventive repair, the funds are safe and there is no damage.#bnbgreenfield #etf #zkevm #sui #tia
Wu Jihan's Singapore-based crypto financial services firm Matrixport said in a report that if BlackRock's spot $BITCOIN$ ETF is approved by the U.S. Securities and Exchange Commission, the price of bitcoin could rise to between $42,000 and $56,000. Matrixport, through an analysis of 15,000 U.S.-registered investment advisors, estimates that about $12 billion to $24 billion worth of money could $FLOW$ into such ETFs. (The Block)#sui #etf #bnbburn #btc #bnbburn
China's state-owned commercial bank (BoC) signed a cooperation agreement with Abu Dhabi First Bank (FAB), the largest bank in the UAE, Golden Finance reported. In addition, People's Bank of China signed a digital currency agreement with the Central Bank of the United Arab Emirates. The two central banks have partnered with the Bank for International Settlements and the central banks of Thailand and Hong Kong on the mBridge cross-border payments project. Shu-Pui Li, a UAE digital currency consultant, pointed out the potential to use CBDCs for infrastructure payments and eliminate intermediary banks, which can save costs and prevent delays.
In response to a question at the $POLKADOT$ governance forum, Parity research analyst $JOE$ Petrowski said that Agile Coretime (that is, Polkadot 2.0) is expected to launch the Rococo testnet at the end of the year, $KUSAMA$ Pilot Network in the first quarter of next year, and Polkadot mainnet in the second quarter. This means that projects will soon have direct access to the Polkadot Relay Chain service without having to rent parachain slots for long periods of time. (PolkaWorld) #polkadot #zkevm #sui #etf #uniswap
According to the "Science and Technology Innovation Board Daily" reported on October 19, it has been reported that OpenAI may be working with other technology giants to develop AI devices. Speaking at the Wall Street Journal's Tech Live event, OpenAI CEO $SAM$ Altman said that while he is interested in AI-based consumer electronic devices, he is not sure what such devices will look like and believes that future AI devices will not be as widespread as mobile phones.
On October 19, US SEC Chairman Gary Gensler said in an interview with Bloomberg: The SEC received 8-10 documents from ETF issuers; There is a process for (approvals) and I look forward to hearing suggestions from staff. Bloomberg ETF analyst Eric Balchunas said that courts will mostly only reiterate what they have already said and will not ask the SEC to convert GBTC (for spot ETFs), which is not part of the court's power. So even if the grayscale GBTC wins, the SEC controls its fate to some extent.
#moon $INJ gains over 5% as Helix Unveils Pre-launch Futures
$INJ , the native token of the $INJECTIVE$ that governs every single component of the blockchain, is up over 5% in the past 24hours, & now trades around $8.1147, with inflow of $362.73k, as per Gate.io chart
This comes after Injective-based DEX Helix recently unveiled its pre-launch futures aiming to provide all traders with equal opportunity to access popular token markets before their official launch. The Celestia (TIA) token will be the first listing of the new product offering.
A group that identifies itself as "a community of lawyers and developers dedicated to providing open-source legal resources" has made available to the $BITCOIN$ ($BTC$) and other cryptocurrency ecosystem, an Artificial Intelligence (AI) tool that facilitates the submission of comments against the proposed law currently being handled by the Internal Revenue Service (IRS) of the United States.
The tool makes it easier for bitcoiners to present their position against the project, completing, initially, a series of items for their qualification and then inserting an explanatory letter, generated by AI, with the arguments that question the government's approaches. The shipment is then done automatically.
The team offering the AI tool is identified as LeXpunK and is dedicated to providing open-source legal and support resources for the crypto sector. Making an analogy with cypherpunks, lexpunks are lawyers, legal technologists, and "legal hackers" who provide regulatory guidance and debate proposals for self-regulation.
In this particular case they have set out to initiate a "Raid on the U.S. Treasury Registry," drawing analogies to war terms in their effort to prevent the bill from passing. For this reason, they describe their working groups as "armies".
The bill is a 300-page document, filed by the IRS last August. It revises the definition of a "cryptocurrency broker" based on the Infrastructure Investment and Jobs Act passed by $JOE$ Biden's administration in 2021. The bill dictates guidelines on tax compliance, both for crypto brokers and exchanges, requiring the delivery of detailed information about crypto asset users.
The bill, which is expected to be approved in 2025, is currently being submitted for public consultation on the official website of the Treasury Department. The period for adding comments closes on October 30.