LOOM plummets by over 70% following the recent exceptional 1000% rally. Loom Network’s native token, LOOM, captured immense attention last week after a parabolic rally of over 1000% before violently plummeting. The explosive but short-lived surge was sparked by news of a partnership between Loom and Atlassian, with the latter acquiring Loom for $975 million. This announcement sent LOOM to […]

In an unprecedented legal saga, revelations have surfaced about bankrupt crypto exchange FTX using customer funds to buy back its stake from rival exchange Binance. The disclosure emerged during a recent court hearing, and it could prove to be the knockout punch for FTX founder Sam Bankman-Fried, who is currently under trial. Peter Easton, an accounting professor at the University […]

Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI), on Oct. 19. As previously reported by Cointelegraph, the free zone will be dedicated to digital and virtual assets service providers […]

Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. BOF board member and member of the Governing Council of the European Central Bank (ECB) Tuomas Välimäki made the announcement on Oct. 19.  Välimäki revealed that the Bank of Finland is actively promoting the development of new forms of payment. The official […]

According to Morgan Stanley (NYSE: MS), cryptocurrencies have shifted from being media darlings for their meteoric rise in value to becoming subjects of scrutiny due to instances of financial loss, exchange failures, and fraudulent schemes. As investors tread through this volatile terrain, insights from previous cryptocurrency trading cycles could serve as crucial navigation tools. In a report (titled “Will Crypto […]

India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs). HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based digital credentialing technology into the purchase order system, the firms said in a joint announcement. Called LegitDoc, Zupple Labs’ […]

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year. In an Oct. 19 post on X (formerly known as Twitter), Binance France resident David Prinçay confirmed Cabossioras’ departure and expressed his gratitude for her work at the exchange. “We thank Stéphanie for […]

 ​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how a parliamentary committee in the U.K. has urged officials to take action on […]

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned a crypto operator allegedly connected to the terrorist group Hamas. In an Oct. 18 notice, OFAC announced sanctions for Hamas operatives and financial facilitators following the organization’s attack on Israel. The entities added to OFAC’s list of specially designated nationals included a “Gaza-based […]