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Cryptocurrency News

Amazon Set to Launch First Two Project Kuiper Internet Satellites
In 2020, the company announced investing $10 billion in the initiative. Amazon (NASDAQ: AMZN) is planning to roll out the first two satellites of its space-based internet constellation in early 2023. According to an official announcement on the 12th of October, Amazon said it is launching two prototypes of its Project... Read more
Binance UK Subsidiary Shareholder Accuses Exchange of Providing Inaccurate Financials
Dimplx noted that the amended financial statements by Binance Digital “remain unreliable for the purposes of determining the present fair value of Dimplx Limited’s shareholding in Binance Digital”. UK subsidiary shareholder of Binance called Dimplx has accused the crypto exchange of misrepresenting the shareholder’s ownership in the official company’s... Read more
Huobi Token Price Rallies by 75%, Here’s Why | Coinspeaker
The Huobi token spiked to a four-month high of $7.54 earlier. The native coin of the Chinese crypto exchange Huobi Global – Huobi Token (HT), has been experiencing nothing short of an impressive change of fortune in the past few days. This was despite being at a 21-month low... Read more
Custodia Bank Files Lawsuit against US Federal Reserve
The lawsuit from Custodia Bank is not an uncommon move from a crypto-linked entity that feels regulation is not being fairly administered. Custodia Bank, one of the leading crypto-focused financial institutions in the United States has filed a lawsuit against the Board of Directors of the Kansas City Fed... Read more
TSMC Posts Q3 2022 Results, Sees Profit Rise 80%, Shares Dip 0.6%
Following an impressive Q3 2022 financial report, TSMC announces that it is taking a more cautious productive approach against next year. Taiwan Semiconductor Manufacturing Company Limited (TSMC) saw its Q3 2022 profit climb 80% according to its latest fiscal report. The chip-manufacturing giant’s impressive outing comes from strong sales of... Read more
Binance Says BSC Hard Fork Completed Successfully after Hack
Speaking on the primary arguments surrounding the fork, Binance founder and chief executive officer Changpeng Zhao, said that decentralization is not “black-and-white”. Binance Global Inc recently completed its hard fork of the BNB Smart Chain (BSC) network. According to the operator of the world’s largest cryptocurrency exchange Binance, the... Read more
ECB May Hike Interest Rate Up to 3%, Belgium Central Bank Chief Opines
The ECB’s challenges are similar to those being faced by the United Kingdom and the United States. In the tough battle to combat rising inflation, Pierre Wunsch, governor of the National Bank of Belgium said the European Central Bank (ECB) may need to be more aggressive with its interest... Read more
Digital Yuan Transactions Volume Tops $14B Mark
The e-CNY pilot program has already expanded to 23 cities and regions in 15 provinces and provincial-level cities. The pilot phase of the digital yuan, China’s central bank digital currency (CBDC) project, has recorded close to $14 billion, or 100.04 billion yuan, in transactions. The latest numbers now make... Read more
Crypto Payment Startup BVNK Taps License to Operate in Spain
BVNK is also working with other local regulators and is committed to expanding its business into more markets around the world. London-based crypto payment startup BVNK has landed the license to operate from the Bank of Spain, a milestone that has carved the path for the outfit to expand... Read more
Microsoft to Create Immersive Tech for Wide Range of Industrial Usage
Software giant Microsoft has created a new team, called Industrial Metaverse Core, to pursue these stated tech goals. According to reports, Microsoft Corporation (NASDAQ: MSFT) plans to create immersive tech for industrial workers. To actualize this effort, the tech giant has set up a new internal team known as Industrial Metaverse Core. The... Read more
Coin Center Files Lawsuit Against Treasury over Tornado Cash Sanctions
Coin Center is suing Treasury for “unlawfully” sanctioning Tornado Cash and implying that privacy-focused users are criminals. Crypto think tank Coin Center has filed a lawsuit against the US Treasury over the latter’s Tornado Cash sanctions. According to Coin Center, the Treasury Department’s Office of Foreign Asset Control (OFAC),... Read more
AMC Entertainment Stock Hits 52-Week Low amid Mounting Debt
The lack of blockbuster content this year is putting further pressure on AMC’s revenue. However, the company has enough stockpile to ride through this tough times. On Wednesday, October 12, the stock price of AMC Entertainment touched a new 52-week low amid multiple concerns. The movie theater company is... Read more
Bitcoin to Reach $1,000,000 Mark by 2023, According to Ark Invest Analyst
Last year, Cathie Wood predicted that Bitcoin would trade at $500,000 by 2026. Earlier this year, Ark Investment Management, a firm led by Cathie Wood predicted Bitcoin to trade above $1 million by 2030 because its adoption is still in the early stage. In a recent statement, the firm’s... Read more
Crypto.com to Set Up EU Headquarters in Paris
A couple of months ago, the company also received regulatory approval from Italian authorities Crypto.com has revealed a 150 million euro investment in France to back its operations in the country, with an upcoming European headquarter in Paris. Moreover, in addition to the introduction of the European Union headquarters... Read more
nxyz Completes $40M Series A Funding Round, Aims to Bolster Web3 Adoption
nxyz hopes to build on its existing data infrastructure for blockchains to help developers build a better internet. Web3.0 platform nxyz has completed a $40 million Series A funding round, according to a press release by the firm. The round was led by venture firm Paradigm but also saw... Read more
Coinsquare Receives Approval for Dealer Registration and IIROC Membership
On the 12th of October, Coinsquare announced that IIROC had approved its dealer registration and IIROC membership. The Investment Industry Regulatory Organization of Canada (IIROC) has approved Coinsquare as a member of Canada’s top self-regulatory organization. This makes the Toronto-based crypto exchange the first crypto-native platform to join the... Read more
Crypto Custodian Copper Secures $196 Million in Series C Funding
The company said that it took them longer-than-expected to secure the funding due to the crypto winter of 2022. On Wednesday, October 12, London-based crypto custodian Copper announced securing $196 million in the latest Series C funding. As per the company filing, the crypto custodian raised $181 million from... Read more
Google Reinstate Truth Social to Play Store, SPAC Stock Increases
In reaction to the news of Google reinstating Truth Social on the Play Store, the shares of Digital World Acquisition surged after hours. Digital World Acquisition Corp (NASDAQ: DWAC), the blank check company set to take Truth Social public, saw a jump in its stock after Google (NASDAQ: GOOG)... Read more
Blockchain Development Startup Tatum Pulls $41.5M in Funding
The startup is now looking to capitalize on its technology, the strength, experience, and the commitment of its team to position its offering in a way that can bring benefits to as many stakeholders in the industry as possible. Tatum, a startup that helps blockchain developers build their applications... Read more
21Shares Launches First Physical Bitcoin ETP in Middle East, Trades on Nasdaq Dubai 
The new product is physically backed, which means it is collateralized by the underlying BTC assets tracked with 1:1 leverage. Top issuer of crypto exchange-traded products (ETPs), 21Shares, has unveiled the first physical Bitcoin ETP in the Middle East. 21Shares announced the Middle East launch on the 12th of October,... Read more
Intel to Cut Thousands of Jobs as PC Demand Stutters
Intel’s current business headwinds are surpassing its short-term growth projections as the firm recently lobbied for a $52 billion chip-stimulus bill this year. In what has turned out to be a historically low downtime for most companies, the pangs of job cut might soon be felt by some staff... Read more