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US Treasury: Blockchain can improve financial system

The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.  Source: https://cointelegraph.com/news/us-treasury-blockchain-improves-financial-system?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Mt. Gox Moves $35 Million in Bitcoin to Cold Storage After Postponing Repayments
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Mt. Gox Moves $35 Million in Bitcoin to Cold Storage After Postponing Repayments

Mt. Gox is moving its Bitcoin again.  Late Thursday, the collapsed exchange moved 500 Bitcoin—worth over $35 million—to cold storage, according to data and wallet labels from blockchain tracker Arkham Intelligence.  It isn’t clear why the Bitcoin was moved, and Mt. Gox didn’t immediately respond to Decrypt’s questions. But the exchange is in the long-delayed process of giving back crypto…

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Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling Innovations
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Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling Innovations

Nasdaq-listed Bitdeer announced the launch of its second-generation Bitcoin mining machine, the SEALMINER A2 series, on October 31, 2024. The new machines feature a power efficiency ratio of 16.5J/TH, with the air-cooled model achieving a hashrate of 226TH/s and the hydro-cooled model reaching up to 446TH/s. Equipped with Bitdeer’s independently developed SEAL02 chip, the SEALMINER […] Source: https://news.bitcoin.com/bitdeer-unveils-next-gen-bitcoin-mining-machines-featuring-its-own-chip-and-air-and-hydro-cooling-innovations/

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VC Roundup: Web3 funding hits $5.4B in 2024

Blockchain-based startups raised $1.4 billion in the third quarter, bringing investments year to date to over $5.4 billion.  Source: https://cointelegraph.com/news/vc-roundup-web3-funding-5-4-billion-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar!
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BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar!

BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar! BTC drops below $70k, $500m OI wiped out. BTC ETFs top 1m BTC held. Coinbase falls the most in 2 years. Tether reports $7.7bn profit, holds $100bn treasuries. Franklin Templeton tokenises fund on Base. Trump’s WLFI cuts fundraising target by 90%. Stablecoins should be replaced by CBDC:…

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Liquid Hearts Club Demonstrates the Power of Crypto with First Decentralized Super PAC
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Liquid Hearts Club Demonstrates the Power of Crypto with First Decentralized Super PAC

With Politifi Pro, Political Organizers can Mint Memecoins, Raise Money and Get Out the Vote WASHINGTON, Oct. 31, 2024 /PRNewswire/ — The Supreme Court ruled in Citizens United that organizations can spend an unlimited amount of money on political advocacy as a protected form of speech. Today, Liquid Hearts Club demonstrated a revolutionary new technology that brings together blockchain, AI…

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PolitiFi Trading Surges Past $240M as Analysts Back FreeDum Fighters for Post-Listing Rally
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PolitiFi Trading Surges Past $240M as Analysts Back FreeDum Fighters for Post-Listing Rally

The PolitiFi space has caught investors’ attention in the past few weeks. All of this momentum comes before next Tuesday’s presidential election, which will greatly impact the crypto market. In this bullish environment, FreeDum Fighters (DUM) has been on analysts’ radars – securing over $380,000 in presale funding. PolitiFi Tokens Explode to $240M Daily Volume […] Source: https://news.bitcoin.com/politifi-trading-surges-past-240m-as-analysts-back-freedum-fighters-for-post-listing-rally/

BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’
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BIS Drops Mbridge Project Participation: It Was ‘Not Created to Serve the BRICS’

The BIS announced it was abandoning Mbridge, a project aimed at using CBDCs to interconnect the financial systems of several countries, due to its potential to help BRICS nations sidestep economic sanctions. BIS Abandons Mbridge Project for Potential BRICS Sanctions-Evading Applications The Bank for International Settlements (BIS) has finally decided to abandon its participation in […] Source: https://news.bitcoin.com/bis-drops-mbridge-project-participation-it-was-not-created-to-serve-the-brics/