Defunct cryptocurrency exchange Mt. Gox, once a major player in the Bitcoin trading landscape, has transferred a significant $2.2 billion worth of Bitcoin.

The #MtGox wallet has transferred 32,371 $BTC($2.19B) to 3 new wallets again in the past 2 hours.https://t.co/f2q66eQNuk pic.twitter.com/8OPtun9oDZ

— Lookonchain (@lookonchain) November 5, 2024

This transfer follows an extended repayment timeline for the exchange’s creditors, postponed by one year. The sizable movement is set against a vol

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Kraken has introduced a licensed crypto derivatives brokerage service in Australia, specifically designed for wholesale clients who meet eligibility requirements. This strategic launch aims to enhance institutional access to crypto derivatives, enabling qualified investors to execute advanced trading strategies without holding the underlying assets directly.

Hey Australia – big news! We are now offering access to crypto-based derivatives for eligible wholesale clients via our Australian financi

Circle, the company behind the USDC stablecoin, is set to expand its operations in Hong Kong as the region finalizes new stablecoin regulations. Circle’s leadership has expressed interest in securing a local license once the regulatory framework is implemented, which is expected by year-end. This move highlights Hong Kong’s emerging status as a significant hub for stablecoin innovation in Asia. Circle plans to establish a stronger local presence by hiring additional staff and setting up operatio

As 2024 unfolds, new crypto presales are capturing attention, drawing early supporters eager to engage at the ground floor. With countless digital assets launched each year, identifying those with real promise is essential. Among the top choices is EarthMeta, a platform that might redefine digital interactions. Alongside EarthMeta, other projects aim to bring fresh ideas to the crypto community, each carving a unique path.

In this article, we’ll explore five presales making waves for 2025. From

The XRP community has gathered around a post on X by pro-crypto lawyer, Bill Morgan, explaining how the Ripple XRP escrow works and refuting claims that it suppresses the price of the token. XRP investors have been curious about the mechanism behind the escrow and the actual effect it has on the market upon monthly release.

Recall that Ripple releases 1 billion XRP from its escrow at the beginning of every month as a way to manage and control the flow of the coin in the market. However, Ripple’

The global crypto market is currently retracing from last week’s bullish outcome. The previous week, Bitcoin led a rally that positioned most tokens in greens. Bitcoin rose to a high of $73.2k, almost nearing its all-time high of $73.6k. The crypto market lived up to the “uptober” standard right at the end of the month.

However, November comes with key events that will shape the movement of the crypto market, at least in the short term, including the U.S. elections, the Fed interest rate decisi

The crypto market is on edge as it awaits an important announcement from the Federal Open Market Committee (FOMC) meeting this week. This decision could have a big impact on Bitcoin and other digital currencies. The market is hoping for a rate cut, as many believe it will help boost the price of Bitcoin and other cryptocurrencies.

Key Highlights

The FOMC meeting is highly anticipated in the crypto community.

Traders expect a 0.25% rate cut, which could boost Bitcoin and altcoin prices.

The u

The Union Bank of Switzerland (UBS) has launched a tokenized money market fund on the Ethereum blockchain. This new fund is called the “UBS USD Money Market Investment Fund Token” or “uMINT.”

By launching uMINT, UBS is making a big step toward merging traditional finance with blockchain technology. The bank aims to meet the growing demand for tokenized assets from both large institutions and individual investors. UBS’s choice to use Ethereum shows how financial companies are starting to accept

Paxos has unveiled its latest U.S. dollar-backed stablecoin, Global Dollar (USDG), tailored to align with Singapore’s upcoming stablecoin regulations. 

The newly launched stablecoin was introduced by Paxos Digital Singapore, the company’s Singapore subsidiary. It marks Paxos’ continued expansion of localized stablecoin offerings. 

(1/4) Today marks an exciting milestone in Paxos’ history. We’re pleased to introduce @global_dollar, the latest US dollar-backed stablecoin issued by Paxos. This is

Blockchain gaming company Immutable has announced that it has received a Wells notice from the U.S. SEC, suggesting the agency may pursue enforcement action over alleged securities law violations. 

Immutable has received a Wells notice from the SEC, the latest in their de facto policy of regulation by enforcement. We received this within hours of our first ever conversation, on a timeline clearly accelerated to land before an election.Sadly, stories like this are becoming…

— Immutable (@Immuta

Since the approval of a spot Bitcoin ETF in January this year, the product has brought billions of dollars into the crypto market. Following the success of Bitcoin ETFs, the industry pushed for an ETH ETF which was eventually approved by the SEC six months later in July.

Consequently, the industry is now targeting ETFs for other cryptocurrencies including XRP. To fuel this initiative, Canary Capital and Bitwise recently applied for XRP ETFs, creating excitement across the XRP community as a lau

Dubai-based cryptocurrency exchange Bybit has received a fine from the Dutch Central Bank for operating in the country without proper registration. This adds to the pool of similar regulatory issues faced by digital asset platforms globally.

One key requirement for crypto service providers in the Netherlands is mandatory registration with the De Nederlandsche Bank (DNB). However, Bybit failed to fulfill this obligation, hence the penalty.

Bybit to Pay €2.2 Million Fine

According to a post on

Nillion network has just raised $25 million to expand its decentralized privacy platform. This new funding round, held on Oct. 30 and led by Hack VC, adds to Nillion’s total funding, now over $50 million. It’s their second fundraising round this year, following one in February.

Alongside Hack VC, other investors included Distributed Global and Hashkey, plus well-known figures like Ansem, Arthur Hayes, and Meltem Demirors. Leaders from companies like Worldcoin, Injective, and Sei also joined in

Visa and Coinbase just made it easier for users to buy and withdraw crypto instantly. Now, if you have an eligible Visa debit card, you can instantly deposit and cash out funds on one of the largest crypto exchanges.

In a statement on October 29, Visa shared that millions of Coinbase users already connect their debit cards to their accounts. With this new partnership, Visa debit cardholders in the U.S. and Europe can now get “real-time access to their funds,” making it faster to buy crypto and

Virtual real estate has quickly become a billion-dollar industry, with land and property assets in the metaverse being sold for millions of dollars. For instance, a plot of land in Decentraland sold for a staggering $2.43 million; while The Sandbox saw its largest land sale reach $4.3 million​. These figures highlight the growing value that virtual properties command in the metaverse. As more individuals and businesses shift towards a virtual presence, the demand for digital real estate is expec

A blockchain company known for its Ethereum-based solutions has announced a workforce reduction, citing regulatory pressure from the U.S. Securities and Exchange Commission (SEC) as a direct cause. 

On Tuesday, the New York-based firm revealed that it would lay off 20% of its staff, a move after a series of legal confrontations with the SEC over alleged regulatory breaches. 

A message from our CEO @ethereumjoseph on the tough decision that Consensys has made today to streamline operations and

PayPal Holdings, Inc. (NASDAQ: PYPL) reported growth in its third-quarter financial results for 2024, achieving a 6% increase in net revenues to $7.8 billion. 

We reported third quarter 2024 results today, delivering strong performance on the back of a highly productive third quarter. We’re making good progress on our continued transformation and building the foundation for long-term, durable, and profitable growth. Thanks to the PayPal… pic.twitter.com/u4uADB1j79

— PayPal (@PayPal) October 29

The FTX bankruptcy estate has reached an agreement to drop its lawsuit against Bybit Fintech Ltd for a settlement amount of $228 million. Notably, this deal will allow FTX to withdraw assets from the Bybit exchange.

After months of negotiation, FTX, on Thursday, urged the US Bankruptcy Court for the District of Delaware to approve the settlement with Bybit and other related defendants. This marks a major milestone in the FTX continuous bankruptcy process.

FTX to Recover $228 Million in Digital

Japanese publicly traded company Metaplanet has completed another round of Bitcoin purchases, acquiring about 156 BTC as part of its ongoing Bitcoin treasury plan. As a result, its total BTC holdings have surpassed 1,000, making it one of the largest BTC corporate holders in Asia.

Notably, Metaplanet made the recent purchase amid a market rally that saw the price of BTC jump over $68k. According to on-chain data, the flagship cryptocurrency increased by 2.12% over the last day and has recorded