Mastercard x MoonPay 💳, UK passes bill for Bitcoin 🇬🇧, Circle x Taiwan launches ‘points-to-crypto’ 🇹🇼
Daily Crypto, Blockchain & Web3 Update 2023-10-26
CRYPTOCURRENCY
Bitmain to start shipping new Bitcoin Antminer T21 in January 2024 (2 min read)
Bitmain, a leading global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has recently launched a new air-cooled BTC miner called the Antminer T21. It has a computing power of 190 TH/s and an energy efficiency ratio of 19 J/TH.
Mastercard partners with crypto payment firm MoonPay for Web3 services (2 min read)
MoonPay announced a partnership with Mastercard on October 25. They will work together to explore how Web3 tools can enhance the consumer experience.
‘No evidence’ Hamas is raising crypto donations by the millions: Elliptic (4 min read)
Blockchain forensic firm Elliptic stated that there is no evidence suggesting that Hamas is receiving a considerable amount of cryptocurrency donations to finance its attacks on Israel.
UK passes bill to enable authorities to seize Bitcoin used for crime (2 min read)
The UK passed a law that lets authorities take and freeze cryptocurrencies like Bitcoin if they are used for illegal activities. The Economic Crime and Corporate Transparency Bill was filed in September 2022 and is expected to be approved on October 26, 2023.
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Hashdex sits down with SEC over spot Bitcoin ETF application (2 min read)
Asset manager Hashdex recently held a meeting with the United States Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.
Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches (2 min read)
Bitcoin's market dominance has reached its highest level in the last 30 months, at 54%. This shows that the leading cryptocurrency is getting stronger as we approach the halving event in April 2024.
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges (4 min read)
Tech stocks have lost over $280 billion in value due to poor earnings reports released on October 25. This has led to concerns about a potential tech recession.
FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours (2 min read)
According to data from Spot On Chain, wallet transfers from Alameda Research and FTX, both bankrupt crypto firms, moved over $10 million worth of cryptocurrency to exchange deposit accounts within a five-hour period from October 24 to 25.
Polygon launches POL token contract on Ethereum to eventually replace MATIC (2 min read)
Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, according to an Oct. 25 announcement. The new token is intended to replace the ecosystem’s current token, MATIC.
Meta faces legal scrutiny as AI advancements raise concerns over child safety (3 min read)
34 people from the United States are suing Facebook and Instagram owner Meta. They claim that the company is manipulating minors who use the platforms inappropriately. This development comes amid rapid artificial intelligence (AI) advancements involving both textual and generative AI.
Circle launches ‘points-to-crypto’ program with Taiwan convenience store chain (2 min read)
Circle, a stablecoin issuer from the United States, has partnered with FamilyMart, Taiwan's second-largest convenience store chain, and BitoGroup, a local cryptocurrency exchange. According to the company’s press release from Oct. 26, it will deliver a new “Points-to-Crypto” service on the FamilyMart app.
JPM Coin handles over $1B in daily transactions — JPMorgan exec (2 min read)
Takis Georgakopoulos, the global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions through its digital asset, JPM Coin.