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Cryptocurrency News

Stellar Development Foundation Launches $100M Fund to Support Native Smart Contract Adoption
Soroban will go through several test nets before launching in early 2023. Stellar Development Foundation (SDF) has introduced a new funding initiative to encourage developers to build on the Soroban smart contract platform, which officially went live on Futurenet on Oct. 11. The new funding initiative, according to SDF,... Read more
US Treasury Yield Trades Lower as Inflation Data Looms
Investors are generally exercising caution ahead of the PPI and CPI data release and this conservative stance is reflected in the closing performance of the tech-heavy Nasdaq Composite. Many major financial market indicators are showing signs of frailty ahead of the crucial inflation data that are billed to be... Read more
Binance Smart Chain Decides to Undergo Hard Fork after $100 Million Hack
The Binance Smart Chain will undergo a major hard fork to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back. Almost a week after the $100 million exploit of the Binance Smart Chain, Binance has now decided to undergo a... Read more
Mercedes-Benz, Microsoft Partner for Improved Efficiency, Sustainability, Resilience in Vehicle Production
Mercedes-Benz stated that the MO360 Data Platform would help in creating a virtual replica of its vehicle manufacturing process. Luxurious vehicle maker Mercedes-Benz and technology company Microsoft (NASDAQ: MSFT) are coming together to bolster efficiency, resilience, and sustainably in vehicle production. The vehicle company is introducing the MO360 Data Platform and... Read more
Meta Shares Fell 4% after Mark Zuckerberg Debuted New Quest Pro VR Headset
Meta has announced the new Quest Pro VR headset with several improvements over the Quest 2. The new headset will sell at $1,500. Meta (NASDAQ: META) chairman and CEO Mark Zuckerberg has debuted the company’s new virtual reality headset, the Meta Quest Pro. The company’s newest headset will start... Read more
S&P 500, Nasdaq Record Fifth Consecutive Losing Day as Fed Inflation Report Looms
The S&P and Nasdaq Composite reversed earlier gains to end Tuesday’s session in a loss, as the Fed readies key inflation report. The S&P 500 slid 0.65% to close at 3,588.84, recording its fifth consecutive losing day ahead of a key inflation report. The leading index’s recent loss is... Read more
Ripple CEO Expects ‘Answer’ in SEC Suit by First Half of 2023
Garlinghouse previously noted that most cryptos trading on exchanges in the US would be deemed securities if Ripple loses the case. In December 2020, the US Securities and Exchange Commission (SEC) filed a suit against Ripple Labs executives for selling unregistered securities. In September 2022, Ripple filed a motion... Read more
SEC Launches Investigation Into Yuga Labs Over Unregistered Offerings
According to the report, the SEC is concerned that Yuga Labs is violating federal law by issuing NFTs that act like stocks. The US Securities and Exchange Commission (SEC) has initiated an investigation into Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection. Citing unnamed sources,... Read more
Simple Google Search Can Now Show Ethereum Wallet Balances
In addition to this, Google has partnered with Coinbase and will allow its Cloud services customers to make payments in cryptocurrencies. As more searches related to digital assets get common, tech giant Google is also refining its search engine. A simple Google search can now provide data directly about... Read more
SEC Turns Down WisdomTree’s Spot Bitcoin ETF Proposal
The SEC noted that WisdomTree’s proposal failed to meet sufficient conditions of investor protection, fraud prevention, and price manipulation in the spot Bitcoin market. On Tuesday, the US Securities and Exchange Commission (SEC) turned down WisdomTree’s proposal of introducing a spot Bitcoin ETF in the market. The SEC rejected... Read more
Gemini Receives Registration Approval as Virtual Asset Service Provider in Ireland
Now, customers in Ireland can begin to open accounts with Gemini via its website and mobile application. Crypto exchange and custodian Gemini Trust Company has obtained approval for registration as a Virtual Asset Service Provider (VASP) in Ireland. As a result of the green light from the Central Bank... Read more
Solana Blockchain-based Mango Markets Loses $116M in Cyber Attack
The case grows more interesting as the exploiter has now suggested a governance proposal that will approximately give them $70 million in the form of a bounty reward. In another case of a cyber heist, the decentralized finance platform Mango Markets based on the Solana blockchain was drained of... Read more
BNY Mellon Rolls Out Crypto Custody Services to Customers
BNY Mellon would be the first bank to use one platform to offer custody for both traditional and crypto holdings. America’s oldest bank BNY Mellon has extended its custody services to cryptocurrencies, according to a Tuesday press release. This means that the bank may now hold digital assets, including... Read more
CNN Discontinues Vault Web3 Experiment, Irks Dedicated Community
CNN recently pulled the plug on its crypto experiment “Vault by CNN,” but says the project’s specialized NFT collection “lives on”. Cable News Network (CNN) has discontinued its “Vault by CNN” Web3 experiment. In a Monday Twitter statement, the multinational cable news channel confirmed the news without providing any specific reason... Read more
Former Celsius CEO Alex Mashinksy Cashes Out $960k Worth of CEL, USDC
Notably, Alex Mashinky and other executives were revealed to have withdrawn as much as $27 million in two tranches just before the firm declared its bankruptcy. Alex Mashinsky, the former Chief Executive Officer (CEO) of the embattled crypto lending platform Celsius Network, has continued to cash out funds in... Read more
Google Announces Strategic Partnership with Coinbase
Initially, Google will only allow a handful of customers to use cryptocurrency to pay for its cloud services. Google has announced a new strategic partnership with a leading crypto exchange Coinbase. The partnership was announced at Google’s Cloud Next conference. While Google’s parent company, Alphabet, is the biggest sponsor... Read more
JPMorgan and Visa Unveil Joint Blockchain Payment Gateway
Under the deal between JPMorgan and Visa, Visa B2B Connect will use a new tool provided by Liink known as Confirm. American multinational investment firm JPMorgan Chase (NYSE: JPM) and digital payment gateway Visa are set to intertwine their private blockchain payment gateway. JPMorgan owns Liink, one of the... Read more
Crypto Bank MinePlex Secures $100M Funding from GEM, Plans to Formulate New Banking Technologies
MinePlex says its new funding will be channeled toward steepening its operational endeavors and growing its visibility globally. Crypto and digital bank MinePlex recently secured $100 million in funding from digital asset investment firm GEM Digital Limited (GEM). MinePlex’s latest funding will go towards formulating new banking technologies. These... Read more
Ripple Expands Its Business in Europe as It Partners with Lemonway and Xbaht
The partnership with Lemonway and Xbaht will open a new path for the firm to enjoy what may turn out as a significant benefit in the long run. Blockchain payments firm Ripple Labs Inc is defying the current pangs being stirred by the crypto winter as it has inked... Read more
Portugal Proposes New Crypto Tax Bill | Coinspeaker
Portugal’s potential crypto tax is part of a broader plan aimed at boosting the country’s economy. Portugal is set to revise its crypto tax laws, especially as it concerns individuals and their crypto earnings. Before now, the country had a seemingly soft taxing regime considering how it exempted individuals... Read more
Sequoia Capital and Binance Will Still Support Elon Musk in His Twitter Acquisition
Sequoia Capital and Binance will proceed with their initial commitment of funding $800 million and $500 million into Musk’s Twitter deal. Earlier this month tech billionaire Elon Musk decided to proceed further with the $4 billion acquisition of Twitter. Despite all the drama that has happened, Sequoia Capital and... Read more