Cryptocurrency

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market. Quotes from Endorsers:Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit: https://stablecoinstandard.com/ContactKevin [email protected] article was originally published on Chainwire More

Large holders are acting, as seen by the $15.6 million movement from Binance that was recorded in the transaction metrics. This is an example of dormant coins being brought back into circulation. This could portend a price rally as it frequently corresponds to significant changes in Bitcoin’s price.According to past experience, these kinds of volumes typically indicate that bullish momentum may be building up in the near future when combined with older Bitcoin holdings reentering the market. With multiple significant moving averages providing support and resistance levels, it appears that Bitcoin is consolidating around the $62,000 range, according to the market data.The sudden surge in price combined with the rise in transaction volume points to the possibility that Bitcoin is preparing for a more significant move on the market, possibly testing the $65,000 mark once more. Given that significant price swings, whether positive or negative, usually precede on-chain transaction spikes, this is especially important. Volatility on Bitcoin is still there despite this volume.With traders waiting to see whether this influx will create sustained upward pressure or merely be a momentary uptick, the $65,000 resistance level remains a crucial line to watch. If this is broken, there could be even bigger moves ahead, but if the current support is broken, Bitcoin might drop back into the mid-$50,000 range.This article was originally published on U.Today More

Following the conclusion of its Singapore event in September, where 25 teams emerged from a pool of 279 participants, the spotlight now turns to the Thai capital, where Polkadot developers will compete to pitch new blockchain-based projects.The Bangkok leg of the hackathon is organized by OneBlock+ and will take place on November 16, with registration and code submissions due by October 23.Developers from around the globe are expected to participate, with competition categories spanning infrastructure, smart contracts, AI, and custom blockchain solutions. Set to culminate in a Demo Day on November 16, the Bangkok edition also has a strong lineup of sponsors, including Vara Network, CESS Network, and Bifrost, all offering bounty challenges to motivate participants. These bounties focus on areas like GameFi, decentralized applications, and unique uses of blockchain technology.The event’s timeline includes mentorship sessions, project evaluations, and a live demo day in Bangkok. Teams will pitch their projects to a panel of judges, with winners announced later that evening. The 2024 Polkadot Hackathon will include a category focused on building blockchain solutions using Polkadot’s SDK. Participants will create custom blockchains that can later connect to the Kusama Relay Chain. Other projects could involve developing parachains, privacy-focused chains, decentralized storage solutions, DAO chains, gaming blockchains, or decentralized identity solutions (DID).In addition to this category, the hackathon will feature three other tracks, with a total prize pool of $315,000 available. Each track will have first, second, and third-place prizes of $40,000, $20,000, and $10,000 respectively. Despite market challenges, developer activity in the Polkadot ecosystem remains strong. Per its recent statistics, the network now hosts 29,917 repositories, with weekly commits exceeding 5,500. Around 900 developers contribute each week as well, keeping the ecosystem’s momentum active. More

He also said a victory for Trump, who has recently come out in favor of crypto despite previously calling it a “scam”, could send the price of Bitcoin up to $100,000 or above. Bitcoin was exchanging hands at more than $62,100 on Wednesday morning.Trump has moved to embrace digital assets, even promising to turn the US into the “crypto capital of the world” through lighter regulation and a national stockpile of Bitcoin.Last month, Trump and his family also unveiled a new cryptocurrency business, dubbed World Liberty Financial, although few details about its services or finances were provided.”Bitcoin and crypto is a Trump trade so he has become demonstrable for it, he’s an advocate for it,” said Scaramucci, who was responding to questions submitted by Investing.com to an interview he held with Saxo Bank.But Scaramucci, who previously held a short-lived post as White House Communications Director during the opening days of Trump’s first term in office in 2017, noted that the former president remains a “polarizing” figure.”[I]f he’s damaging our alliances or creating lots of havoc in the world, I’m not sure how that’s going to help anybody in crypto,” he said. “It’s important to understand that you want Trump’s involvement to be bipartisan, as it could be too polarizing.”Scaramucci has publicly criticized Trump in the run-up to the Nov. 5 vote, and endorsed Kamala Harris, Trump’s Democratic rival in the 2024 presidential race. He also said he is working with Harris’ campaign to develop her policies regarding cryptocurrencies.”A Harris administration will have a more typical regulatory approach to crypto and Bitcoin,” he said. Many Democrats would also likely be “against” digital assets “just because Trump is for it,” Scaramucci added.”I would like to see this calm down. I think we have to depoliticize our regulatory decisions and make them more about right or wrong as opposed to left or right.”In September, Scaramucci told CNBC that Harris has been meeting with crypto backers who are attempting to persuade her to support industry-friendly policies.An outspoken proponent of Bitcoin, Scaramucci has previously argued that mainstream adoption could help fuel the growth of the world’s most popular digital asset. Prior to a so-called Bitcoin halving event in April, when the amount of new Bitcoin entering circulation dropped, the financier predicted that the token’s price may eventually touch $170,000. More

He did not share who he believes Satoshi Nakamoto, the mysterious Bitcoin inventor, to be. However, he wondered if the impact on the BTC price might be drastically negative rather than bullish.Earlier today, he published a tweet, saying that very soon HBO will release its much-expected documentary, where it claimed to reveal the true identity of Bitcoin inventor Satoshi. Several “candidates” are mentioned in the film, among them cypherpunk and Blockstream CEO Adam Back, who was mentioned in the Bitcoin white paper, Len Sassaman and former Bitcoin developer Peter Todd.Markus asked his followers: “Who do you think it is?” However, what is more interesting, is that he also wondered if Bitcoin would “instantly crash from the reveal.”Todd also said that the creators did not approach him before the film was released. Still, the director remains positive about his conclusions: “Peter was there that day (in which he was interviewed for the film). He knows what was discussed. He had every opportunity to explain himself.”As for the Bitcoin price, in the past 24 hours, no crash can be observed, as BTC has only declined by 1.17%, which can hardly be attributed to the movie release and Peter Todd being proclaimed as Satoshi by its makers.This article was originally published on U.Today More

With over 5.3 million active users already on board, the UK-based studio is set to use the fresh capital to supercharge the game’s ecosystem. Dragonz Land also plans to introduce new features, more PvP tournaments, guild collaborations, and a new loyalty program for players.Dragonz Land focuses on blending dynamic gameplay with NFTs. Players can collect, trade, and level up unique NFT cards across 16 factions, earning in-game tokens along the way.Andy Chen, Co-General Partner at Syndicate Capital and Board Member at Dragonz Lab, said: “Partnering with Syndicate Capital LPF represents a huge leap forward for the Dragonz ecosystem. Being the frontier and market leader in the Web3 spaces, our expertise in building ecosystems around loyalty programs aligns with our vision to create a sustainable and engaging gaming environment.”Available on both mobile and desktop via Telegram, Dragonz Land uses blockchain tech to ensure secure transactions and real ownership of digital assets. Syndicate Capital, typically a Web2 player, is now stepping into Web3 with this Play-to-Earn project—looking to tap into the growing market of tap games that often struggle to keep players hooked.Dr. Albert Yip, Chairman of Syndicate Capital, added “Dragonz Land represents the future of gaming and Web3 more broadly, combining our success in customer loyalty programs as well as the excitement of GameFi, innovative blockchain technology, and a successful revenue model.” “As a Web3 builder, we are thrilled to support this project, providing our expertise to boost the Dragonz ecosystem and produce synergy with our other digital loyalty programs such as Asia Top, which is one of our flagship portfolio companies of Syndicate Capital LPF .”Dragonz Lab plans to roll out some new game features and tweak its tokenomics in the coming months, with a focus on making the game more engaging for players and improving the community vibe. More

FinchTrade, a Swiss OTC & crypto liquidity provider, and Intergiro, a Swedish Banking as a Service (BaaS) provider, have announced a strategic partnership to bridge the gap between traditional banking and cryptocurrency ecosystems, and address key challenges for crypto-oriented businesses. This partnership will deliver streamlined financial solutions and instant on/off-ramp options, making it easier for crypto businesses to serve their users more efficiently and drive growth. Intergiro’s embedded banking solutionsIntergiro provides exchanges with embedded banking services to offer both fiat and crypto solutions to their users. This includes:FinchTrade specializes in digital asset liquidity and investment tools. It offers technology-driven trading, investment, and custodial solutions in the cryptocurrency sector. FinchTrade has also developed MarketGuard, a plug-and-play AML & KYC solution for Web3 companies.About IntergiroIntergiro connects the digital economy by embedding banking into business systems and products. Thousands of internet platforms use Intergiro’s core suite of payment APIs to increase revenue, reduce costs, and drive engagement. ContactsJelle van [email protected] [email protected] article was originally published on Chainwire More

ATLETA Network, modular, multi-layer blockchain for the sports industry, has teamed up with Bybit, one of the leading global crypto exchanges. This marketing strategic partnership will provide new users with a chance to win incredible prizes: a racing car Porsche 718, wrist watches Rolex, iPhone 16 Pro, and more.The ATLETA-Bybit Event kicked off on October 3rd, 2024. All participants have the opportunity to secure major rewards by joining, depositing, and trading. Here’s how it works:ATLETA’s mainnet will offer a suite of features:ATLETA’s key features translate into the application layer, where over 5,500 smart contracts have already been deployed to take advantage of the varying feature functionalities:Backed by the Blockchain Sports Ecosystem, which integrates AI analytics, performance tracking, VR, and blockchain technology, ATLETA is contributing to a foundation for a more fair, transparent, and innovative future for sports worldwide.ContactPR ManagerPolina KrischanovichATLETA [email protected] article was originally published on Chainwire More