Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the XRP Ledger (XRPL), according to a Nov. 14 statement. According to the lender, XRPL’s swift cross-border payments and efficient asset tokenization capabilities make it an ideal platform for EURCV’s continued growth. SG-FORGE explained that XRPL’s 3-5 seconds transaction […]
Satoshi Bitcoin wallets now worth over $100 billion making Top 20 richest people
Satoshi Nakamoto’s Bitcoin holdings have surpassed $100 billion, placing the anonymous creator among the world’s top 20 wealthiest individuals if they are still alive and a single person. According to data from Timechainindex, the Patoshi wallets, associated with early Bitcoin mining from 2009 to 2010, are likely to be Satoshi and contain over 1.12 million […]
Bankrupt FTX targets Crypto.com in $11 million lawsuit amid recovery effort
Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin. […]
BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3
The iShares Bitcoin Trust ETF (IBIT) surpassed $23.3 billion in net asset value (NAV) in the third quarter, registering a 20% quarterly growth, according to a Nov. 7 to a 10-Q Form filing with the US Securities and Exchange Commission (SEC). BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) holds 367,805 BTC, worth roughly $21.5 billion, with […]
Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra. These proposals focus on […]
TRON Unites as Silver Sponsor at SmartCon, Justin Sun Announces TRON Integration with Chainlink Data Feeds
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland, November 6, 2024 – Justin Sun, Founder of TRON, Global Advisor of HTX and Prime Minister of Liberland, delivered a keynote address at the Chainlink SmartCon, held in Hong Kong from October 30 -31. […]
Bitcoin community celebrates victory as Donald Trump and allies elected to reshape US crypto policy
The 2024 US presidential election has brought a new wave of optimism for the cryptocurrency industry, with former President Donald Trump re-elected as the 47th president. Known for his support of Bitcoin and blockchain innovation, Trump gained significant backing from the crypto community during his campaign by making substantial promises to bolster the sector. Promises […]
Binance challenges SEC lawsuit crypto classification in court motion
Binance and its founder, Changpeng Zhao, have filed a motion to dismiss the US Securities and Exchange Commission’s (SEC) amended complaint. In a Nov. 4 court filing, Binance and Zhao’s legal team argued that the SEC has only superficially acknowledged a prior court ruling, which clarified that crypto is not inherently classified as a security. […]
Bitcoin ETFs see $540 million outflow amid increased US Election volatility
Major asset management firms reported significant outflows in Bitcoin ETFs following over $3 billion in inflows since Oct. 23. On Nov. 1, BlackRock’s IBIT showed no change, while Grayscale’s GBTC decreased by $5.5 million. By Nov. 4, BlackRock’s IBIT registered an inflow of $38.4 million, whereas Grayscale’s GBTC saw an outflow of $63.7 million. Companies […]
OSL Group makes strategic entry into Japan with CoinBest acquisition
OSL Group Limited announced that its Japanese subsidiary, OSL Investment (Japan) Limited, has signed a share purchase agreement to acquire an 81.38% stake in local crypto exchange CoinBest K.K., according to a Nov. 4 press statement. This acquisition represents a significant move for OSL, marking its strategic entry into Japan’s rapidly expanding crypto market, which […]