October 2024 - Crypto News And Market Updates

Illustration depicting Bitcoin OG whale sending 200 BTC to a Kraken exchange

Kraken Joins Crypto Exodus with 15% Workforce Layoffs

October 31, 2024 Gonzalo

Kraken cuts 15% of its workforce amid industry-wide layoffs, joining Consensys and DYDX. New co-CEO Arjun Sethi aims to refocus the exchange’s strategy.

South Korea themed crypto illustration with national symbols and digital charts, representing crypto market developments and regulation in South Korea.

South Korea’s Crypto Investor Base Reaches 7.78 Million, Marking 21% Growth in First Half of 2024

October 31, 2024 Gonzalo

South Korea’s crypto investor count surged to 7.78M in 2024’s first half, up 21%, spurred by Bitcoin’s rise and pro-crypto U.S. policy shifts.

Illustration depicting heightened Bitcoin and Tether activity during a market-wide Black Friday sell-off.

Hong Kong Court Rules in Favor of Investors in JPEX Cryptocurrency Fraud Case

October 30, 2024 Gonzalo

Hong Kong court sides with investors in the JPEX fraud case, ordering $238,000 in recovery, spotlighting cryptocurrency regulations. #crypto #JPEX

Contrasting illustration of sovereign power versus corporate systems in a digital economy, representing tension between state control and corporate influence in crypto and finance.

Ukraine and Russia Lead Global Crypto Adoption Amid Rising Geopolitical Instability

October 30, 2024 Gonzalo

Eastern Europe’s crypto adoption surges, led by Ukraine and Russia, with robust growth in both institutional and retail sectors, Chainalysis reports.

Bitcoin-themed illustration associated with Eric Trump, symbolizing political and public interest in cryptocurrency and digital assets.

Florida CFO Advocates for Bitcoin in State Pension Fund Investment Strategy

October 30, 2024 Gonzalo

Florida CFO Jimmy Patronis is pushing for Bitcoin investments in state pensions, aiming to diversify and protect Florida’s retirement funds.

Kalshi Now Accepts USDC Deposits, Enters Election Betting Arena Amid Strong Competition

October 29, 2024 Gonzalo

Kalshi accepts USDC deposits to attract users in election betting, challenging Polymarket and Robinhood in a competitive crypto-driven prediction market.

Illustration depicting a DeFi liquidity crisis involving Euler Finance and Telos blockchain connections.

Truth Terminal Founder’s X Account Hacked to Shill Scam Memecoin, Resulting in $600,000 Theft

October 29, 2024 Gonzalo

Truth Terminal’s X account hacked to shill scam memecoin, netting hackers $600K. Incident underscores security risks in AI-driven crypto trading.

Illustration representing Ripple and the XRP ecosystem with a glowing XRP symbol and digital financial network backdrop.

Ripple’s Chris Larsen Sees Kamala Harris as Key to Revamping Biden’s Crypto Policy

October 29, 2024 Gonzalo

Ripple’s Chris Larsen supports Kamala Harris to amend Biden’s crypto policy. His $10M XRP donation reflects a push for pro-innovation regulation.

Illustration representing US markets and blockchain migration, with digital locks, network nodes, and symbols of financial infrastructure transition

BIS-Led Project ‘Mandala’ Automates Compliant Cross-Border Transactions

October 28, 2024 Gonzalo

The BIS-led Mandala project tests automation for cross-border compliance, enabling faster and secure international transactions with digital assets.

Illustration showing traditional banks and crypto networks merging into a unified digital asset ecosystem

Digital Asset Inflows in 2023 Reach $27 Billion, Nearly Tripling 2021 Record

October 28, 2024 Gonzalo

Digital asset inflows in 2023 have soared to $27 billion, nearly three times the 2021 record. U.S. leads the charge, with Bitcoin ETFs seeing massive inflows.