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The financial landscape is evolving as new services emerge, offering a range of features that make it easy for users to convert and move funds between crypto and traditional banking. The overlap between traditional finance and crypto currencies has become more pronounced in the last few years, with some online crypto services offering Visa-backed cards supporting crypto payments. However, the infrastructure gap between traditional banking and crypto is barely narrowing. Banks are generally much slower to adopt innovative technologies due to their complex and strict regulatory environment. Management consulting firm McKinsey found that bank IT applications are older than average across industries, indicating sluggish change. When it comes to crypto adoption, banks are even more hesitant, as digital assets rely on decentralized infrastructure while many jurisdictions still cannot propose clear regulations. Many banks stay away from crypto Many traditional banks stay away from cryp...

Odysee , the self-proclaimed blockchain-based YouTube alternative and LBRY subsidiary is report edly “providing a steady income stream” to hate group s and extremists via its crypto -based revenue system. This is according to the Southern Poverty Law Center’s (SPLC) first-ever Digital Threat Report. Odysee uses the same technology that underpins its parent LBRY protocol and which its creator, former CEO, and crypto enthusiast Jeremy Kauffman describes as “the most censorship-resistant system to ever exist for the purposes of publishing digital content.” Obysse also offers its own crypto called LBRY Credits (LBC) that creators can earn based on metrics like viewership numbers. It also accepts traditional payment methods like subscription fees and creator tips.  However, the SPLC claims that this crypto-based system, coupled with a “lax stance” on content moderation, makes Odysee “ popular with content creators who have been removed from other sites for viola...

State secrets revealing the details of Indian Navy submarines and warships have reportedly been leaked to Pakistani intelligence operatives by an Indian spy in exchange for crypto , an offense punishable by death.   As reported by local media, the National Investigation Agency (NIA) accused Manmohan Surendra Panda of spying for Pakistani operatives before selling the confidential naval documents. The Mumbai resident allegedly exchanged India’s classified information with an operative identified as ‘Harsh’ and received payment through “ crypto channels” for his spy work. He supposedly received the crypto payment from various other Pakistani operatives. Panda is charged with spying under Section 3 of The Official Secrets Act (OSA), conspiracy towards acts of terrorism under Section 18 of the Unlawful Activities (Prevention) Act, and destroying evidence under Section 201 of The Indian Penal Code. According to The OSA, the penalty for spying “where the offence committed is… i...

Bitcoin (BTC) has reignited optimism in the cryptocurrency market through its recent surge. The leading cryptocurrency experienced a substantial upswing, dragging other digital assets along with it. Nonetheless, several notable figures in the industry are of the opinion that Bitcoin is at the initial stages of a remarkable journey. One of these figures is Michael Saylor, the co-founder of MicroStrategy. In a recent CNBC interview, Saylor conveyed his conviction that BTC is on the verge of a price rally that could leave a lasting mark on contemporary financial history. Saylor’s confidence in Bitcoin’s potential is firmly grounded and has been reinforced by MicroStrategy’s third-quarter earnings report. He left no room for ambiguity when he declared, “You can never have too much Bitcoin.”  What underpins Saylor’s optimism is a convergence of forthcoming events within the Bitcoin ecosystem. These events have the potential to reshape the...

As Telegram prepares to roll out Telegram Wallet as a native setting on the messenger in November, it’s important to understand why Wallet opted for custody over self-custody. Telegram Wallet, a major Telegram bot allowing users to buy and sell crypto currencies like Bitcoin (BTC), has chosen custody over self -custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet directly from the messenger’s settings. Though Telegram has enabled existing Wallet users to see the wallet bot directly in the messenger, those who have never used the bot are still not seeing the crypto wallet in their settings section of the messenger. According to Telegram Wallet chief operating officer Halil Mirakhmed, the full Wallet rollout is expected to begin sometime in November 2023, starting with “several African and Lati...

Sam Bankman-Fried, the co-founder and former CEO of FTX, finds himself in a distressing situation. Following a legal trial, he has been pronounced guilty on all seven counts associated with charges of fraud and money laundering, starting a somber phase as he awaits his sentencing. While the potential duration of his sentence looms large, with the possibility of facing 115 years behind bars, the pressing question also revolves around the location of his imprisonment. American federal prisons encompass a wide spectrum of living conditions, spanning from relatively safe to considerably perilous. Also Read: Sam Bankman-Fried Found Guilty on All Charges The Likely Scenario: Medium-Security Federal Prison in California Christopher Zoukis, a legal consultant specializing in guiding clients through the complexities of the federal prison system, suggests that, based on SBF ’s case, he is inclined to be assigned to a medium-security federal prison in California. According to Zoukis, the...

In a speech at National Taiwan University, Fubon Group Chairman and Taiwan’s richest man, Daniel Tsai, noted that the green economy would involve not only traditional investment and financing but crypto currency as well. “I firmly believe that the era of Crypto (cryptocurrency) will come one day,” Tsai said during the address on November 1, where he highlighted the rising importance of blockchain technology in traditional investment and financing. He further pointed out that the green economy does not only involve traditional investment and financing and that there will be financial commodities derived from carbon rights in the future, with an increased likelihood that there will be blockchain-based rather than traditional currency transactions. In his address, he also pointed out the increased importance of AI in the future and its energy consumption, which will be an essential asset in further energy consumption and utilization of renewable and green energy sources. ...

Banks from traditional finance in the United Kingdom (UK) have hardened their policies related to the cryptocurrency market. Some banks have reportedly closed accounts that interacted with centralized exchanges or are from crypto-related companies. A report published by Recap on October 19 uncovered that 38% of crypto investors within the UK have switched banks . This migration mostly occurred in response to stricter crypto currency policies . “Overall, the results found that 38% of investors have changed banks due to cryptocurrency policies. Of the remaining respondents, 22% have also strongly considered it. One respondent claimed to have their entire bank account blocked, including all cards and mobile banking facilities, because of a large amount of money that came in through cryptocurrency – others switched exchanges to ones more supported by banks.” — Dan Howitt, for Recap The report highlights that a global crackdown on the crypto industry has initiated these rigor...

In a true show of character, Ben Armstrong, formerly known as BitBoy, has tagged both his wife and mistress in a tweet announcing his divorce. In the thread — which was absolutely unnecessary, even for a minor public figure like Armstrong. Armstrong is apparently committed to making his personal life “less in the public eye,” yet he states that his mistress, ‘Cassie,’ will be joining him regularly on his YouTube channel. The announcement comes on the heels of a tumultuous few months for the YouTuber-turned- Crypto -influencer: Armstrong was arrested in front of a former business partner’s home after showing up unhinged and armed with his mistress in tow , he lost his YouTube channel to the company he helped start, and he purchased the rights to $BEN coin which has been a spectacular failure. Sometimes in life you make mistakes you can't undo. Sad to tell you all that @Bethanyliterary and I are getting a divorce . She filed divorce papers to me to...

Chain LINK , a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the crypto currency market. Currently, the native asset of the network, LINK , is experiencing a trading range between $7.27 and $7.69 within a 24-hour period, reflecting a notable 5% increase in its price. The reason behind this surge is the anticipation of a significant upgrade known as staking v0.2, which is in the works for Chainlink. This impending development could potentially drive further price gains for LINK. It’s worth noting that the market may not have fully factored in the potential positive impact of this upgrade on LINK’s value, leaving room for additional price appreciation. Can this token see a spike in the coming days of this month? Also Read: Chainlink’s 33% Recovery May Trigger Positive Q4 2023 Chainlink to close October on a high note? LINK has demonstrated remarkable performance throughout this year,...

In the intricate dance of congressional dynamics, Ohio Representative Jim Jordan, the chosen torchbearer of the Republican Party vying for the esteemed role of Speaker, fell shy of the mark, garnering the support of 200 colleagues in the ballot on October 17th, a tad beneath the requisite 217. Meanwhile, Representative Patrick McHenry, helming the United States House Financial Services Committee and an ardent advocate for all things crypto within the hallowed halls of Congress, finds himself temporarily entrenched in the third most potent echelon of government. This ascendancy comes in the wake of a stumble by one of his Republican compatriots who failed to amass the requisite votes. In the throes of a ballot among members of the U.S. House of Representatives on that pivotal October day, no Speaker aspirant clinched the decisive majority. Representative Jim Jordan, the anointed Republican nominee, mustered 200 votes, an insufficient tally that languished below the 217 threshold for v...

Bitcoin [BTC] blazed a trail for numerous assets to enter the scene. While some chose to follow in BTC’s footsteps, others aimed to rectify its limitations. Nevertheless, none have succeeded in surpassing the dominance of the leading crypto currency. Fidelity, a renowned asset manager overseeing $4.5 trillion, affirms that BTC retains its position as the most secure and decentralized crypto when compared to its counterparts. JUST IN: $4.5 trillion asset manager Fidelity says #Bitcoin is the most secure, decentralized, sound digital money compared to any other digital asset. — Watcher.Guru (@WatcherGuru) October 9, 2023 The report read, “Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money, and any “improvement” will potentially face trade-offs.”...

A multitude of speculations emerged after the Merge, suggesting that Ethereum [ETH] would eventually surpass Bitcoin [BTC]. Nonetheless, one-year post this upgrade, ETH still lags behind BTC. However, the approval of nine new ETFs for Ether futures ignited optimism once more. Yet, a recent report underscores how the underwhelming performance of these futures ETFs has sparked a desire to shift focus back to Bitcoin. Eric Balchunas, an ETF analyst at Bloomberg, shared on X that there has been some activity in the Ether futures ETFs market. However, it hasn’t met the expected levels. VanEck has managed to surpass ProShares, while the total flow stands at over $15.6 million. Source The initial trading volume of Ether futures ETFs represented just 0.2% of the trading volume that the ProShares Bitcoin Strategy ETF (BITO) achieved on its first trading day in October 2021. Given the lackluster performance of these products both at launch and in the present, analysts Anders Helseth an...

On Episode 20 of The Agenda, hosts Ray Salmond and Jonathan DeYoung interview each other about their blockchain journeys, the future of crypto and more. Cointelegraph’s podcast The Agenda first launched back in December 2022, with the first episode exploring the ways crypto can help sex workers bypass bank censorship. Since then, the show has explored myriad topics, ranging from hacktivism and blockchain-powered mutual aid to the ways blockchain can be used to fight climate change and combat artificial intelligence misinformation. On Oct. 4, The Agenda released its 20th episode — and to celebrate, co-hosts Jonathan DeYoung and Ray Salmond decided to interview each other to learn more about one another’s experience hosting the podcast, their blockchain journeys, their predictions for the future of Bitcoin (BTC), and more. Takeaways and lessons learned To kick things off, DeYoung asked Salmond if he had learned anything new from hosting The Agenda . Salmond shared that from an investm...

Analysts say suspicious coin swap services are trying to maintain “an aura of legitimacy” by requiring clients to agree to fake AML policies. Russian coin swap services are posing “significant” sanctions and anti-money laundering (AML) risks as they do not rely on real AML policies, although they are trying to convince their clients otherwise, a recent research paper says. In a blog report published on Monday, Oct. 2, Elliptic’s senior crypto threat analyst, Arda Akartuna, said that many Russian OTC services are actually copy-and-paste a standard template of AML policies instead of developing their own. Screenshots of identical AML policies on Russian OTC coin swap services | Source: Elliptic You might also like: North Korea linked to latest crypto hacks, surpassing $270m Analysts at Elliptic discovered at least eight Russian coin swap services that have “almost word-for-word” AML policies . “Since none of these ...

Shiba Inu [SHIB] is preparing for what could potentially be its most significant month yet, drawing from historical patterns. This asset has demonstrated a remarkable tendency for rapid expansion during October, similar to Bitcoin [BTC]. This is certainly surprising, as it often defies conventional market trends. As “Uptober” arrives, holders of SHIB are eagerly anticipating the possibility of the token replicating or surpassing its astonishing 833% surge observed in the previous year. At press time, SHIB continues to linger around the $0.00000738 range with a 1.9% daily surge. Source However, the substantial price drop that the asset underwent has created an appealing opportunity. This is particularly true for investors who seek to accumulate SHIB tokens during this correction phase. It enables them to acquire millions of tokens for their portfolios at a fraction of the usual cost, often requiring an investment of less than $10. At the current market rate of $0.00000738...