The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation. The United States Office of the Comptroller of the Currency (OCC) announced Oct. 27 that it will create an Office of Financial Technology early next year. The...Continue Reading

Fidelity Digital Assets’ research paints a not-too-gloomy picture of the digital asset institutional investment scene, although they indicate that some segments are much more active than others. Fidelity Digital Assets released its annual study on institutional investment in digital assets Oct. 27. Digital asset fundamentals remain strong despite headwinds, the study concluded, but adoption remains...Continue Reading

Hackers appear to have spent as little as 1.76 Ether to initiate the attack vector. On Thursday, decentralized finance, or DeFi, lockup protocol Team Finance said over $14.5 million worth of tokens were exploited though the Uniswap V2 to V3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred...Continue Reading

The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding. Projects building on the Celo blockchain have collectively raised $77.3 million in support of various business initiatives, underscoring the growing adoption of the payments-focused developer network.  Celo announced Thursday that projects impactMarket, Loam, Tatum, Circular Impact, Sanergy,...Continue Reading

The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles. The popular messaging app Telegram announced on Oct. 26 the official launch of its new marketplace built on the Telegram Open Network (TON) blockchain. The marketplace will serve as an auction platform on...Continue Reading

The service will simplify node infrastructure and onboarding for blockchain developers. According to an Oct. 27 announcement, tech-giant Google is launching an in-house Blockchain Node Engine (BNE) based on Google Cloud. As a node-hosting service, BNE enables Web3 companies to relay transactions, deploy smart contracts, and read or write blockchain data directly on Google Cloud....Continue Reading

High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free. During the frenzied bull run, transaction fees were running rampant. Over on the Ethereum blockchain, they hit eye-watering highs of $196.638 back in May — rendering...Continue Reading

Bulls have a lot of work left to do, say Bitcoin analysts as consolidation enters for BTC price. Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin impresses with stability on GDP print Data from Cointelegraph Markets...Continue Reading

The Bitcoin miner says low BTC and high electricity rates and Celsius’ refusal to pay its bills could be its undoing; the company’s BTC holdings have dropped from 8,058 in May to 24 now. Bitcoin miner Core Scientific filed forms with the United States Securities and Exchange Commission (SEC) on Oct. 26 indicating that will...Continue Reading

Africa’s cryptocurrency landscape welcomes a new crypto wallet backed by global firms in the ecosystem. Some 2 million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research.  Mara is a digital financial ecosystem project that is kickstarting its journey...Continue Reading