Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

President of European Central Bank Christine Lagarde

The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender status and determine its privacy features. EU Commission to Propose Legislation for Eurozone’s Digital Currency Authorities in the euro area have already made good progress in exploring the rationale and the potential benefits and risks of a central bank digital currency (CBDC), the head of the European Central Bank (ECB) noted during…

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Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Governor Yi Gang's Interview by CGTN

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency. During his speech, Yi noted that the digital yuan is being positioned as an alternative to cash in China, a country with a robust digital payment infrastructure. He added that “privacy protection is one of the top of the issue on our agenda.” He went on to describe the two-layer…

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Dogecoin price rallies 150% in 4 days, but DOGE now most ‘overbought’ since April 2021

DOGE-USD daily price chart. Source TradingView

The Dogecoin price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk’s Twitter acquisition. Dogecoin price jumped by nearly 75% to reach $0.146 on Oct. 29, its biggest daily gain since April 2021. Notably, the memecoin’s massive intraday rally came as a part of a broader uptrend that started earlier this week on Oct. 25. In total, DOGE’s price gained 150% during the Oct. 25-29 price rally. The surge was also accompanied by a decent increase in its daily trading…

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9 years after the first Bitcoin ATM, there are now 38,804 globally

Bitcoin ATM operated by Robocoin

On Oct. 29, 2013, a coffee shop in downtown Vancouver, Canada, opened what is understood to be the world’s first publicly available Bitcoin ATM, operated by Robocoin. The crypto ATM saw 348 transactions and $100,000 transacted in its first week of operation. As of Oct. 30, 2022 — nine years and one day on — Robocoin has ceased operations and the first crypto ATM has likely been removed or replaced, but crypto ATMs have continued to increase in number with 38,804 cryptocurrency ATMs in existence today, according to Coin ATM…

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Telegram launches marketplace to auction rare username handles

marketplace to auction rare username handles

The popular messaging app Telegram announced on Oct. 26 the official launch of its new marketplace built on the Telegram Open Network (TON) blockchain. The marketplace will serve as an auction platform on which rare Telegram handles will be up for grabs. The idea was first mentioned back in August on app founder Pavel Durov’s Telegram channel after the TON Foundation successfully auctioned off TON DNS domains. Telegram will start with auctions of four- and five-letter handles, with this being the first time shorter handles will be made available to…

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A record 55,000 Bitcoin, or over $1.1 billion, was withdrawn from Binance

Bitcoin exchange netflow (Binance) chart. Source CryptoQuant

Bitcoin has seen record buying activity as BTC/USD returns to six-week highs. The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before. Despite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no time snapping up BTC above $20,000. The past two days’ gains delivered a sea change to exchange user behavior, with BTC balances dropping across the board. As the largest exchange by volume, Binance was of particular interest and saw a…

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Apple Released New Rules for Cryptocurrenсy Apps and Games, and It’s Not Good

Apple NFT crypto terms

Apple released a new set of rules for crypto apps in the App Store that reflects the company’s stance on NFTs, crypto and payment. Considering the size of the iOS applications market, it will certainly have an enormous effect on the development path that decentralized applications will choose for the foreseeable future. Enabling NFT buying From now on, developers will be able to leverage IAP to sell NFTs or offer services tied to non-fungibles like minting, listing and transferring. Technically, Apple officially created a gateway into crypto for mobile users.…

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$740M in Bitcoin exits exchanges

Bitcoin exchange netflow from all exchanges Source CryptoQuant

The amount of Bitcoin flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure, which could help BTC price avoid a deeper correction below $18,000. Bitcoin forming a “bear market floor” Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, wh traders withdrew nearly 68,000 BTC from exchanges. Moreover, over 121,000 BTC, or nearly $2.4 billion at current prices, has left exchanges in the past 30 days. A spike in…

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Hacker steals $950,000 from crypto vanity address as exploits continue

hacker NFT

A hacker has stolen $950,000 in ether from a crypto wallet via the same vanity address exploit linked to an attack on trading firm Wintermute last week. The hacker stole 732 ETH on Sept. 25 and sent it directly to the sanctioned cryptocurrency mixing service Tornado Cash, according to PeckShield citing on-chain data. Here it will have been mixed with other cryptocurrency and withdrawn to the hacker’s own wallet. The exploit was made possible due to the recent vanity address weakness that was picked up on GitHub in January but…

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Apple Guzzling 30% Commission on In-App NFT Purchases, New Report Reveals

A report by The Information claims that Apple is pressuring companies to pay its customary 30% fee for in-app purchases on all NFT trades, discouraging startups from providing services to the users of the tech giant. “So far, though, most see some obstacles, including the up to 30 percent commission Apple charges on in-app purchases, as well as pricing conventions that are difficult to apply to volatile digital assets,” the report added. The media outlet also quoted Magic Eden’s co-founder and chief technology officer, Sidney Zhang, who revealed that because…

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Abu Dhabi regulator introduces its ‘guiding principles’ for crypto

Abu Dhabi

The Financial Services Regulatory Authority (FSRA), the financial regulator of Abu Dhabi Global Market free economic zone (ADGM), published its “Guiding Principles” on its approach to digital asset regulation and supervision. Friendly in tone to the crypto industry, the principles pledge to comply with international standards in Anti-Money Laundering (AML), combating the financing of terrorism (CFT) and supporting financial sanctions. Five principles were published without date specification on the official webpage of the ADGM. They go under the titles of Internationally Recognised Regulatory Framework, Dynamic and Market-Oriented Regulations, Risk-focused and…

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ETH whales move holdings onto exchanges before Merge

Ethereum’s top 10 exchange and non-exchange wallets Santiment

The top 10 Ethereum non-exchange addresses have seen an 11% decline in their holdings over the past three months, while on-exchange whale addresses have seen a 78% increase. The Ethereum blockchain is slated for one of the most significant updates since its inception as it transitions from its current proof-of-work mining consensus to a proof-of-stake (PoS) one. The Merge date is scheduled for Sept. 15, after the successful Goerli testnet integration — the final testnet merger before the actual transition. Ether (ETH), Ethereum’s native token, saw a bullish surge in…

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China begins next phase of CBDC testing with e-CNY payment for public transport

China train

According to multiple sources China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the bus payment section to pay for their ride. Similarly, the day before, the city of…

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Bitcoin threatens 20-month low monthly close with BTC price under $20K

BTC-USD 1-month candle chart TradingView

Traders are increasingly betting on a deeper dive to June’s lows or even beyond, with $20,000 struggling to hold. Bitcoin (BTC) looked set to equal its lowest monthly close since 2020 on Aug. 28 as bulls failed to take control. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD criss-crossing $20,000 with hours until the weekly candle completed. The pair had been unable to make up for lost ground over the weekend, and just days from the end of the month, even $20,000 appeared vulnerable as support. At the time…

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Over $100 million worth of NFTs have been stolen since July 2021

$100 million worth of NFTs have been stolen since July 2021

Elliptic, a London-based blockchain analysis provider has revealed that over $100 million worth of Non-Fungible tokens’ have been stolen between July 2021 and July 2022. NFTs had their debut on mainstream media and crypto in 2021 with explosive interest and return on investments following the launch of well-known NFT drops like the Bored Ape Yacht Club (BAYC) and Mutant Apes (MA). Despite being popularized in 2021 with the growth of NFT collections all over the world, the origins of NFTs can be traced back to 2012/13. TNFTs are cryptographic assets…

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