Runtime Verification launches universal ZK rollup PI Squared on MultiversX

Runtime Verification, an Illinois-based security audit firm, unveiled a universal zero-knowledge (ZK) rollup ‘PI Squared’ during the third day of the xDay conference organized by MultiversX. PI Squared leverages the MultiversX blockchain... Read more »

Hong Kong to crack down on crypto money launderers in the aftermath of $193M JPEX scandal

Hong Kong’s Customs and Excise Department is looking to tighten regulatory measures to address the money-laundering risks associated with cash-for-crypto shops, South China Morning Post reported on Oct. 21. The decision comes... Read more »

SBF Trial – FTX general counsel had ‘no idea’ that SBF was misusing customer funds

The final day of Sam Bankman-Fried’s (SBF) trial brought further revelations about what transpired behind the scenes at the exchange as former FTX attorney Can Sun took the stand as the day’s... Read more »

BlackRock spot bitcoin ETF approval could catapult BTC to $56,000 – Matrixport

Bitcoin’s (BTC) price could surge to as high as $56,000 if the U.S. Securities and Exchange Commission (SEC) approves BlackRock’s application for a spot exchange-traded fund (ETF), per an Oct. 19 research note... Read more »

Binance CMO praises crypto ability to give people ‘control’ yet questions the state of public ‘trust’

Binance CMO Rachel Conlan has presented a bullish outlook on the future of the crypto industry despite the growing regulatory hurdles and criticisms it faces, stating that crypto gives people “control” in... Read more »

Reddit ends Community Points; says there’s ‘no path to scaling it’

Social news platform Reddit has announced it will discontinue its Community Points beta and Special Memberships features effective in November. It said the decision to end the feature stemmed from finding “no... Read more »

Australian central bank says CBDCs, tokenization have potential to become the future of money

The Reserve Bank of Australia (RBA) is actively considering the potential adoption of a central bank digital currency (CBDC) as a transformative step towards the future of money and financial transactions. Brad... Read more »

Australia to introduce crypto regulation mandating licenses for crypto exchanges

The Australian federal government is set to introduce new regulations requiring crypto exchanges to obtain a financial services license, the Australian Financial Review reported on Oct. 15. Assistant Treasurer Stephen Jones is... Read more »

Due diligence with crypto staking providers

With the boon of Proof-of-Stake networks across the crypto industry, staked crypto assets have emerged as an increasingly attractive financial instrument for individual and corporate investors. Data from DefiLlama shows that the value... Read more »

Ferrari announces its embracing crypto payments amid market demands

Joining the growing list of companies accepting cryptocurrency, renowned luxury sports car manufacturer Ferrari is now accepting digital currency payments for its vehicles in the U.S., with plans to expand the service... Read more »
Dip Your Toes in Crypto Blog