The 2024 United States elections will be held on Nov. 5, as digital asset policy becomes a growing concern among pro-crypto voters. As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace...Continue Reading

Roman Storm, currently free on bail and facing three federal charges, will have another four months to prepare for his criminal trial. Tornado Cash co-founder and developer Roman Storm won’t stand trial for money laundering and sanctions violation charges until April 2025. In a Nov. 1 telephone conference for the United States District Court for...Continue Reading

As US elections approach, crypto advocates warn that opposing blockchain could be as shortsighted as resisting the internet in the 90s, potentially costing politicians key support. Blockchain proponents argue that being anti-crypto is akin to being anti-internet in the 1990s, meaning against technology that will disrupt the world regardless of whether politicians support it. In...Continue Reading

According to World Bank data, an estimated one billion individuals worldwide lack official identification credentials. Zero-knowledge (ZK) proofs in decentralized identity applications have sparked a debate in the crypto industry — with some arguing that ZK is too expensive and complex to implement.  Leo Fan, co-founder of ZK hardware company Cysic, says that while ZK-proofs...Continue Reading

No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now. Chinese telecommunications company Huawei is integrating the digital yuan central bank digital currency (CBDC) into its HarmonyOS NEXT operating system, according to the local press. The integration will make the digital currency more accessible and easier...Continue Reading

Polymarket data showed four accounts reportedly controlled by French national ‘Théo’ bet roughly $38 million for Donald Trump to win the US Electoral College and the popular vote. One of the users behind Polymarket accounts making major bets for Republican Donald Trump to win the 2024 United States presidential election reportedly said he was only...Continue Reading

This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders. A wave of headcount reductions is sweeping the crypto industry. In a major restructuring, blockchain development firm Consensys reduced its workforce by more than 20%. Joe Lubin, CEO of Consensys and co-founder...Continue Reading

The US-based prediction market is vying to catch up with industry leader Polymarket.  Prediction marketplace Kalshi has rolled out more political betting markets in an eleventh-hour bid to woo users ahead of the United States presidential election on Nov. 5. The contracts cover events ranging from the outcome of an Ohio referendum to the last...Continue Reading

Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week. Concerns are mounting over the implications of Europe’s upcoming crypto regulatory bill. Despite being a significant step forward for the industry, the European framework poses significant banking risks for stablecoin issuers,...Continue Reading

XYO’s native token is now tradable against tokens, including SOL and USDC, on Solana-native decentralized exchanges Jupiter and Raydium. XYO, a decentralized physical infrastructure network (DePIN), has bridged from Ethereum to Solana, citing the layer-1 blockchain network’s “high throughput, low transaction costs, and scalability,” XYO said in an Oct. 31 blog post. “The XYO token...Continue Reading