Author: admin
A 25-year-old Alabama man was arrested Thursday for hacking the Securities and Exchange Commission’s X account as part of a conspiracy to manipulate Bitcoin prices earlier this year, prosecutors said. In January, hackers posted false news to the SEC’s @SECGov X account announcing that the SEC had approved a Bitcoin exchange-traded fund, causing the cryptocurrency’s price to soar. The agency quickly disavowed and deleted the post. The incident sparked criticism of the SEC, the top U.S. market regulator, and renewed concerns about the security of social media platform X since it was acquired by billionaire Elon Musk in October 2022.…
Despite the recent spike in mortgage rates, home builders are growing more confident in the housing market.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index rose 2 points from the previous month to 43 in October, marking the second straight month of increases. The October figure was higher than economists’ expectations of 42, according to Bloomberg data.Still, readings below 50 indicate that more builders consider conditions to be worse than good.“Although housing affordability remains low, builders are becoming more optimistic about market conditions in 2025,” Carl Harris, chairman of NAHB, a Wichita, Kansas-based custom home builder, said in…
XRP rival Stellar (XLM) has partnered with Mastercard’s crypto payment solution. Mastercard Crypto Credential aims to use blockchain networks to verify interactions between consumers and businesses. The product allows payers to send cryptocurrencies using the recipient’s email address instead of a long blockchain address. Stellar and Mastercard are partnering to enable money transfers and peer-to-peer transfers by embedding Crypto Credentials into the blockchain ecosystem, according to a new press release. Let’s talk about Stellar Development Foundation. “As an extension of our partnership, Mastercard and Stellar will explore how Mastercard’s wide range of services can be leveraged on Stellar’s network, opening…
Coinbase COIN Institutional and Glassnode, in their joint “Q4 Crypto Market Guide”, report that despite Bitcoin’s price action within the BTC/USD range over the past six months, crypto is growing and maturing. Reporting the market. What Happened: According to their analysis, despite the lack of wild price movements, the cryptocurrency market is showing signs of sophistication through the success of spot ETFs, increased on-chain activity, and increased trading volumes. The U.S. Spot Bitcoin ETF had over $5 billion in net inflows in the third quarter and had total assets under management of nearly $60 billion by the end of the…
The biggest story in the crypto industry this year is the approval of the highly successful Spot Bitcoin ETF, which entered the market in January. Almost a year later, these products have helped push the once-fringe cryptocurrency industry into the mainstream and expand global adoption, says a new report from blockchain data analysis firm Chainaries. . The emergence of traditional financial institutions transformed the industry and cemented the United States as the dominant power. “This has only fundamentally changed the landscape in North America, but it has global implications,” Eric Jardine, head of cybercrime research at Chainalysis, told Fortune. According…
DUBAI, United Arab Emirates, Oct. 17, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been named “Blockchain Company of the Year” at the Future Enterprise Awards 2024. He proudly announced his evaluation as Tahawul University of Technology This prestigious award confirms Bybit’s continued leadership in blockchain innovation, technological excellence, and user-centric services in the cryptocurrency space. Bybit named “Blockchain Company of the Year” at Future Enterprise Awards 2024 The Future Enterprise Awards, presented by CPI Media Group, celebrate visionaries across industries who are shaping the future through innovative technology. Bybit’s recognition reflects the company’s pivotal…
With its comprehensive and attractive offering, WLTQ has emerged as an altcoin with all the necessary ingredients to become an alternative to DOGE, attracting worldwide investors to the ongoing WallitIQ (WLTQ) presale. It charms the house. WLTQ tokens grant access to WallitIQ, an institutional-grade decentralized cryptocurrency wallet powered by advanced artificial intelligence (AI) tools and machine learning (ML) technology. With a unique combination of advanced security features, predictive analytics, and customizable portfolio insights, WallitIQ (WLTQ) empowers investors and redefines the decentralized cryptocurrency wallet experience.WallitIQ (WLTQ) allows investors to automate trading, receive personalized trading recommendations, and easily track portfolio performance. The…
Payment infrastructure provider BVNK has launched a partnership with USDC issuer Circle. According to a Thursday (October 17) news release, the partnership aims to accelerate the usefulness of the USDC stablecoin for BVNK customers. “BVNK will further integrate USDC into its payment services, enabling businesses to leverage the speed and stability of USDC across a variety of payment use cases,” the company said in a release. “This includes streamlining global payroll and simplifying payments to customers and contractors at scale.” USDC is a dollar-backed stablecoin that is also compliant with the European Union’s Cryptoassets Market Regulation (MiCA) law, which will…
The Federal Bureau of Investigation (FBI) announced on Thursday that it had arrested and charged a man with taking over the Securities and Exchange Commission’s (SEC) Twitter (also known as X) account for what the agency said was a premature tweet in January. Approved Bitcoin ETF. This false statement immediately caused the price of Bitcoin to skyrocket.Eric Council Jr. of Athens, Alabama, was arrested Thursday and charged with the crime, which authorities said used “SIM swapping” techniques to hijack phone numbers and ultimately gain unauthorized access to the SEC’s Twitter account. claims to have done so. . Bitcoin’s price soared…
Siam Commercial Bank (SCB), one of Thailand’s five largest banks, has launched a stablecoin solution for cross-border payments, including remittances. The project graduated from the Bank of Thailand’s regulatory sandbox in October 2024. The bank partnered with its venture and innovation arm, SCB 10X, and Singaporean fintech Lightnet to implement the custody technology provided by Fireblocks. We requested details about the public blockchains and stablecoins used, but did not receive a response by the time of publication. Cross-border payments typically require you to have a Nostro account that your bank can pre-fund at your destination. With stablecoins, this may not…