It’s the second bet on Web3 gaming by VanEck’s liquid token strategy fund.  VanEck’s private crypto fund has invested in gaming startup Gunzilla Games, marking the asset manager’s second bet on Web3-enabled gaming, VanEck said on Oct. 31. Gunzilla is the creator of Off The Grid, a “dystopian cyberpunk shooter” where players earn Gunzilla’s native...Continue Reading

Current Know Your Customer verification procedures are often cumbersome, costly, and time-consuming for industry service providers. On Oct. 31, Binance revealed a partnership with Amazon Web Services (AWS) to leverage Amazon’s generative artificial intelligence to streamline the Know Your Customer (KYC) verification process and handle service requests on the Binance platform. According to the announcement,...Continue Reading

Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States. Jimmy Patronis, Florida’s chief financial officer and one of the officials responsible for overseeing the state’s pension funds, told CNBC’s Squawk Box that he directed the State Board of Administration to invest in Bitcoin (BTC) as...Continue Reading

Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion.  Stablecoin issuer Tether has delivered another quarter of record-breaking earnings, posting $2.5 billion in profits in the third quarter of 2024.  According to its attestation report published on Oct. 31, the company’s consolidated profit in...Continue Reading

The advocacy group called for crypto voters to support a change in leadership at the SEC, given Gary Gensler’s “regulation by enforcement” approach since 2021. The Blockchain Association, a cryptocurrency and blockchain advocacy group, reported that the United States Securities and Exchange Commission (SEC) had cost companies at least $426 million in litigation involving digital...Continue Reading

One analyst raised his price target from $245 to $300 per share on news of MicroStrategy’s bold Bitcoin buying plans.  MicroStrategy’s ambitious goal of buying $42 billion worth of Bitcoin (BTC) by 2027 could be a winner for shareholders, according to an Oct. 31 analyst report shared with Cointelegraph. During MicroStrategy’s Oct. 30 earnings call,...Continue Reading

The Republican presidential candidate reiterated pledges to pardon Ross Ulbricht and for all Bitcoin to be “made in the USA.” With less than a week until Election Day in the United States and many people voting early, Republican presidential candidate Donald Trump took to his social media platform to remind voters of his campaign promises...Continue Reading

If the Ethereum network makes a few critical adjustments, ETH price could sustainably rally to $3,000 and above. Ether (ETH) price rose to $2,700 on Oct. 30, marking its highest level in ten days, but a strong rejection on Oct. 31 pushed its price down to $2,550. This movement mirrored Bitcoin (BTC), which saw a...Continue Reading

Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison. Gustavo Rodriguez, convicted of conspiracy to commit wire fraud for promoting cryptocurrency mining and trading firm IcomTech, has been sentenced to eight years in prison. In an Oct. 31 hearing in the...Continue Reading

Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.  Franklin Templeton is launching its tokenized money fund on Base, Coinbase’s layer-2 network, the asset manager said on Oct. 31. The Franklin OnChain US Government Money Fund (FOBXX) is the first tokenized fund to launch on Base, Franklin Templeton...Continue Reading