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#2024
385 articles found
Latest
U.S. October Employment Report Sparks BTC Movement
On November 1, the U.S. Bureau of Labor Statistics released its October 2024 employment update, which sent ripples through the Bitcoin market. The unemployment rate remained steady at 4.1%, in line with expectations.
CZ Returns to the Spotlight After Release
At Binance Blockchain Week Dubai 2024, Changpeng Zhao (CZ), the former CEO of Binance, joined Altcoin Daily’s Austin Arnold for an introspective “fireside chat.” Reflecting on recent struggles, including his imprisonment, CZ revisited his past missteps, shared key takeaways, and spoke about his new forward-focused vision.
CBDCs Need to Be the Main Digital Currency, Says US Treasury
Digital assets played a large part in the US Treasury's 2024 Q4 report. In the 132-page presentation to the Treasury Borrowing Advisory Committee (TBAC), the agency introduced different financial aspects, including the rapid growth of stablecoins, tokenization, and their use in the Treasury Market.
Biden Applauds Nigeria for Releasing Binance’s Gambaryan
U.S. President Joe Biden offered his thanks to Nigeria’s President Bola Tinubu for enabling the release of Binance executive Tigran Gambaryan, who was held by Nigerian officials in February 2024 due to accusations related to Binance’s operations in Nigeria.
DWF Labs Fires Partner Over Date Rape Drug Allegations
On October 29, 2024, venture crypto fund DWF Labs confirmed it had dismissed a partner after allegations surfaced accusing him of attempting to use a date rape drug. Although the company did not disclose the partner’s identity, co-founder Eugene Ng’s name was soon removed from the organization’s website following the announcement.
Meta’s Next Project: An AI-Driven Search Engine
Meta, the parent company behind Facebook and Instagram, is developing an AI-powered search engine in a bid to reduce reliance on Google and Microsoft’s Bing, as reported by The Information on October 28, 2024.
OpenAI’s Next AI Giant Set to Dwarf GPT-4
As reported by The Verge, OpenAI plans to release a new AI model named Orion by early December 2024. In the coming weeks, the model is expected to be hosted on Microsoft’s Azure cloud platform, OpenAI’s primary partner and investor.
What Are Prediction Markets and How Do They Work
For centuries, people have sought to predict the future, from military strategy to seasonal forecasts and personal fates. Betting companies turned that instinct into a profitable business, and now, their models have transitioned to the blockchain.
Avalanche and Visa Team Up to Launch Crypto Card
On October 21, 2024, the Avalanche L1 blockchain team announced the launch of their crypto card in collaboration with Visa. This card allows users to pay for virtually any goods and services using cryptocurrencies like WAVAX (Wrapped AVAX), USDC (USD Coin), sAVAX (Staked AVAX), and several others.
Weekly Analysis of BTC, ETH, and the Stock Market (21.10.2024)
An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.
Tether’s Net Profit Soars to $2.5 Billion
Tether, the issuer of stablecoin USDT, reported $2.5 billion in net profit for Q3 2024. Independent auditing firm BDO confirmed that Tether’s total profit for the first nine months of 2024 reached $7.7 billion, with all declared reserves fully verified.
Coinbase Pours $25M into Fairshake PAC for Pro-Crypto Poliсy Push
On October 30, 2024, Coinbase invested $25 million in the political super PAC, Fairshake — an organization dedicated to promoting crypto-friendly candidates in U.S. elections. This commitment was confirmed by Coinbase CEO Brian Armstrong.
Kraken Conducts Largest Layoffs Since 2022
On October 30, 2024, the American crypto exchange Kraken announced significant layoffs, marking it as the third major crypto company to reduce its workforce this week.
Spot Bitcoin ETFs in the U.S. Surge with Record Inflows
On October 29, U.S. spot Bitcoin ETFs witnessed an impressive total net inflow of over $870 million, as reported by SoSoValue. The previous high was reached in early June (~$886 million), with the all-time peak recorded on March 12, 2024, at roughly $1.05 billion.
Crypto Boom in Brazil?
Since the start of 2024, Brazil’s net crypto inflow has surged almost 61%, according to Reuters, illustrating the country’s growing demand for digital assets.
Weekly Analysis of BTC, ETH, and the Stock Market (28.10.2024)
An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.
Tesla Didn’t Sell Any of Its Bitcoins: The Q3 2024 Results Show
Tesla reported its financial results for the third quarter of 2024 which reveals the company didn’t sell any of its 11,509 Bitcoins, currently valued at around $765 million.
Chainlink Oracle Network Introduces CCIP Private Transactions
On October 22, 2024, Chainlink, the decentralized oracle platform, introduced CCIP Private Transactions—a solution designed to help corporations integrate their private blockchain networks with existing systems, such as corporate backends.
Scroll Unveils Airdrop Distribution Details
L2 blockchain Scroll, which leverages zk-rollup technology, has revealed the specifics of its upcoming SCR token airdrop. The airdrop will take place alongside the Token Generation Event (TGE), scheduled for October 22, 2024.
DBS Bank Unveils Tokenization Solution for Banking Services
On October 18, 2024, Singapore’s DBS Bank introduced DBS Token Services, a cutting-edge blockchain solution designed to enhance traditional banking services and improve the experience for its institutional clients.
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