Crypto news
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JPMorgan takes JPM Coin to Ethereum for institutional clients: Report
JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum, allowing institutional clients to make payments and settle tokenized asset transactions.
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JPMorgan expands ‘JPM Coin’ deposit token to Ethereum for institutional clients
The USD-denominated deposit token now supports peer-to-peer transfers within the Ethereum Virtual Machine ecosystem, including Base.
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Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B
US spot Ether ETFs recorded around $955 million in October net outflows so far, while Bitcoin funds extended their weekly withdrawal streak to two weeks.
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JPMorgan Extends JPM Coin to Ethereum for Institutional Clients
The bank-issued dollar token remains restricted to approved counterparties, bringing permissioned bank money onto another public blockchain.... Read the full story at The Defiant
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Bitcoin whale moves $34 million in BTC it got in 2013 when coins traded at $131
A bitcoin wallet dormant since 2013 moved 411 BTC, now worth about $34 million. It is one of several long-dormant wallets to wake up recently.
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Zoom adds ‘proof of human’ badges to show you’re not a deepfake
Sam Altman-backed World has rolled out biometric verification badges for Zoom enterprise users, aiming to combat AI deepfake impersonation and fraud.
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Zcash developers plan a fix to keep ZEC swaps private from future quantum computers
The team behind Zakura wants every swap through NEAR Intents to get its own key, so a refund address left on NEAR’s public chain can’t expose a user’s wider payment history.
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South Korea to meet crypto exchanges amid calls for tax delay
Finance officials are reportedly set to meet major crypto exchanges on Tuesday, days after a lawmaker introduced legislation that could push the tax’s start date back two years.
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XRP Ledger is set to fix its lending code before anyone can use it
Validators have a bug-fix patch on course to go live Friday. The lending system it partly repairs is still 10 votes short of approval.
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Bitcoin, Korea’s Kospi and Nasdaq futures rally as China GDP beats estimates
Bitcoin, Nasdaq futures and Asian stocks rally as stronger-than-expected China GDP and falling oil prices lift risk appetite.
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Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.
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World launches World ID suite for banks, makes Zoom deepfake check generally available
World ID for Zoom is generally available after a beta that began in April, and is designed to spot deepfaked participants on Zoom calls.
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Qubic freezes chain after attacker drains 1.4K wallets with weak seeds
Qubic says 87.1% of the stolen funds remain onchain and the rest were frozen at crypto exchange MEXC, as network validators prepare to vote on a recovery plan.
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SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing
Eight more companies objected to trading on the planned OKX-ICE venue, while Nasdaq has separately said it would opt out under the SEC’s framework.
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Richard Heart caught ‘off-guard,’ QDay gets even closer: Hodler’s Digest
HEX founder Richard Heart detained in early morning raid in Istanbul, Starknet plunges almost 50% as it votes to become an L1, and Bitwise says all signs point to Crypto Spring.
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Crypto.com, Novig sue Missouri over sports event contracts; Kalshi, Polymarket, Robinhood hold off
Kalshi, Polymarket, Robinhood and Underdog, which also received cease-and-desist orders, have not filed suits in Missouri, according to court records.
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The White House's crypto chief departs: State of Crypto
Patrick Witt announced his departure from the White House last week.
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Wall Street freaked out Friday. VIX and bitcoin say the fear may fade Monday.
Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. Seasonality and calm bitcoin suggest the same.
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MapQuest Now Shows Drivers Where Flock Cameras Are Watching
MapQuest’s app now offers an optional map layer that plots known license plate readers from Flock Safety and other vendors, as backlash against the cameras grows.
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Cysic suspends bridge after attacker mints tokens and moves $727,000 to Ethereum
The attacker, after minting 10 million CYS, managed to bridge about $727,000 in proceeds to Ethereum through Mayan, deBridge and SWFT's Bridgers.
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Latvia eyes crypto tax payments in 2027 as parliament overhauls crypto taxation
Parliament passed a law taxing crypto withdrawals above deposits rather than individual trades, featuring a one-time declaration mechanism.
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Qubic Halts Network After $1.3 Million Wallet Drain
Qubic says 87.1% of the drained QU remains immobilized on its network, while MEXC froze the account receiving the rest.... Read the full story at The Defiant
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Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
Bitcoin ETFs lost a net $228.6 million this week, following a $681.1 million drain the week before and pushing October deep into the red.
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Stablecoin supply stalls, but payments jump 45% as Visa, Mastercard and Stripe connect crypto to cash
Analytics firm Allium said stablecoin payments hit $482 billion this year so far, up 45%, as card spending surges and global payment firms add crypto rails.
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Most Americans polled oppose betting on elections: Reuters
The prediction market industry enables people to bet on US elections and sporting events.
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Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say
A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Circle’s USDC most sensitive.
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Bitcoin’s $100,000 year-end hope divides analysts as inflation clouds outlook
Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as interest-rate uncertainty weighs on the market.
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Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says
The security firm found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.
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Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.
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Cysic Halts Bridge After Unauthorized Mint of 10 Million CYS
About 2.8 million CYS remain frozen at the recipient address, while onchain records show some tokens were sold before the blacklist took effect.... Read the full story at The Defiant