Blockchain - Crypto News And Market Updates

Market warning illustration inspired by Michael Burry, representing bearish signals and risk concerns in global markets.

Alibaba Scales Back Metaverse Division as AI Takes Center Stage

November 4, 2024 Gonzalo

Alibaba reduces its metaverse team as it pivots to AI. The move follows similar actions from tech giants, reflecting a shift in industry focus.

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Crypto Security Incidents in October Lead to $129M in Losses

November 3, 2024 Gonzalo

October saw $129M in crypto losses from scams, exploits, and attacks, with Radiant Capital’s $50M breach and M2’s $13.7M hack among the largest incidents.

Bitcoin and ETF illustration with falling chart, representing record outflows from cryptocurrency exchange-traded funds.

Bitcoin ETFs Record $54.94 Million Daily Outflow as BTC Hovers Near $69,000

November 3, 2024 Gonzalo

Bitcoin ETFs in the U.S. report $54.94 million in daily outflows, while BTC remains close to $69,000. Ethereum ETFs also face outflows amid market dip.

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River Protocol Acquires Llama to Advance Decentralized Governance

November 2, 2024 Gonzalo

River acquires Llama to enhance governance with open-source smart contracts, empowering its ecosystem with secure, decentralized management tools.

Illustration depicting American Bitcoin mining industry amid political discourse and U.S. policy narratives.

Huawei Integrates Digital Yuan into HarmonyOS NEXT for 1 Billion Users

November 2, 2024 Gonzalo

Huawei’s HarmonyOS NEXT now integrates the digital yuan, enabling seamless, app-free CBDC payments for nearly 1 billion users, advancing digital finance.

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

November 1, 2024 Gonzalo

BitGo appoints former Silvergate president Ben Reynolds to lead its stablecoin USD Standard, aiming for a secure and resilient financial ecosystem.

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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 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.

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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.

Stablecoin-focused crypto illustration showing digital dollar symbols and blockchain network, representing expectations of a stablecoin supercycle.

RBI Governor Warns Against Stablecoins, Emphasizes CBDC for Monetary Sovereignty

October 28, 2024 Gonzalo

RBI governor warns that stablecoins risk India’s monetary sovereignty, pushing instead for CBDCs, which he says offer security backed by government trust.