[Coldcard maker faces class-action lawsuit in Canada]
Coldcard hardware wallet maker Coinkite and its executives are facing a class-action lawsuit in Ontario, Canada, after the company’s August security incident, ODaily reported. The plaintiffs claim Coinkite had been exposed to risks since March 2021 by using a predictable random number generator. They are seeking damages, alleging violations of consumer protection and sale-of-goods laws, as well as negligence and breach of contract. The amount sought was not disclosed.
https://coinness.com/en/news/1172603
Coldcard hardware wallet maker Coinkite and its executives are facing a class-action lawsuit in Ontario, Canada, after the company’s August security incident, ODaily reported. The plaintiffs claim Coinkite had been exposed to risks since March 2021 by using a predictable random number generator. They are seeking damages, alleging violations of consumer protection and sale-of-goods laws, as well as negligence and breach of contract. The amount sought was not disclosed.
https://coinness.com/en/news/1172603
CoinNess
Coldcard maker faces class-action lawsuit in Canada - CoinNess
Coldcard hardware wallet maker Coinkite and its executives are facing a class-action lawsuit in Ontario, Canada, after the company’s August security incident,...
[Signs point to $16M theft at Indian exchange CoinDCX]
About 16 million USDT appears to have been stolen from Indian cryptocurrency exchange CoinDCX, according to Darcy, co-founder of blockchain security firm Salus, who posted the claim on X.
The theft appears to have occurred around midnight on Oct. 22, and the funds were deposited to Binance, OKX and Gate, Darcy said.
https://coinness.com/en/news/1172604
About 16 million USDT appears to have been stolen from Indian cryptocurrency exchange CoinDCX, according to Darcy, co-founder of blockchain security firm Salus, who posted the claim on X.
The theft appears to have occurred around midnight on Oct. 22, and the funds were deposited to Binance, OKX and Gate, Darcy said.
https://coinness.com/en/news/1172604
CoinNess
Signs point to $16M theft at Indian exchange CoinDCX - CoinNess
About 16 million USDT appears to have been stolen from Indian cryptocurrency exchange CoinDCX, according to Darcy, co-founder of blockchain security firm Salus,...
[BTC perp long/short ratios on top exchanges by open interest]
The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest:
Overall: 50.59% long, 49.41% short
- Binance: 49.67% long, 50.33% short
- OKX: 50.38% long, 49.62% short
- Bybit: 49.87% long, 50.13% short
https://coinness.com/en/news/1172605
The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest:
Overall: 50.59% long, 49.41% short
- Binance: 49.67% long, 50.33% short
- OKX: 50.38% long, 49.62% short
- Bybit: 49.87% long, 50.13% short
https://coinness.com/en/news/1172605
CoinNess
BTC perp long/short ratios on top exchanges by open interest - CoinNess
The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50....
[Ethereum Institutional hires APAC lead in Japan]
Ethereum Institutional, an independent nonprofit focused on institutional adoption of Ethereum, said on X it is hiring a head of Asia-Pacific to work in Tokyo. The hire will be responsible for building partnerships with Japanese banks, financial market infrastructure companies and institutions, and asset managers, while planning and running briefings for financial institutions and institutional investors. The organization said the role is intended to support financial institutions in using ETH for next-generation financial services.
https://coinness.com/en/news/1172606
Ethereum Institutional, an independent nonprofit focused on institutional adoption of Ethereum, said on X it is hiring a head of Asia-Pacific to work in Tokyo. The hire will be responsible for building partnerships with Japanese banks, financial market infrastructure companies and institutions, and asset managers, while planning and running briefings for financial institutions and institutional investors. The organization said the role is intended to support financial institutions in using ETH for next-generation financial services.
https://coinness.com/en/news/1172606
CoinNess
Ethereum Institutional hires APAC lead in Japan - CoinNess
Ethereum Institutional, an independent nonprofit focused on institutional adoption of Ethereum, said on X it is hiring a head of Asia-Pacific to work in Tokyo. ...
[Bybit obtains Dubai virtual asset service provider license]
Bybit said it has obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
Bybit CEO Ben Zhou said Dubai has made significant progress in building a regulatory environment for virtual assets, and the company will continue supporting the local digital asset ecosystem while developing its business in line with VARA’s regulatory standards.
https://coinness.com/en/news/1172607
Bybit said it has obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
Bybit CEO Ben Zhou said Dubai has made significant progress in building a regulatory environment for virtual assets, and the company will continue supporting the local digital asset ecosystem while developing its business in line with VARA’s regulatory standards.
https://coinness.com/en/news/1172607
CoinNess
Bybit obtains Dubai virtual asset service provider license - CoinNess
Bybit said it has obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Bybit CEO Ben Zhou said D...
[Ripple, BCG say financial institutions are boosting crypto custody investment]
Financial institutions are sharply increasing investment in cryptocurrency custody, viewing it as a core operational layer rather than simple safekeeping, according to a joint report from Ripple and Boston Consulting Group. The report said more than 30% of crypto assets, excluding exchange-held assets, are now being custodied through institutional models, and that share is continuing to rise amid stronger demand.
Ripple and BCG attributed the trend to regulatory developments including MiCA and the GENIUS Act. BCG said local banks could improve revenue by as much as $100 million if they decide to enter custody, while firms including Morgan Stanley, Citi and BNY are also strengthening their in-house custody capabilities.
https://coinness.com/en/news/1172608
Financial institutions are sharply increasing investment in cryptocurrency custody, viewing it as a core operational layer rather than simple safekeeping, according to a joint report from Ripple and Boston Consulting Group. The report said more than 30% of crypto assets, excluding exchange-held assets, are now being custodied through institutional models, and that share is continuing to rise amid stronger demand.
Ripple and BCG attributed the trend to regulatory developments including MiCA and the GENIUS Act. BCG said local banks could improve revenue by as much as $100 million if they decide to enter custody, while firms including Morgan Stanley, Citi and BNY are also strengthening their in-house custody capabilities.
https://coinness.com/en/news/1172608
CoinNess
Ripple, BCG say financial institutions are boosting crypto custody investment - CoinNess
Financial institutions are sharply increasing investment in cryptocurrency custody, viewing it as a core operational layer rather than simple safekeeping, accor...
[Bithumb lifts XAI from delisting watchlist]
Bithumb announced it has removed XAI from its delisting watchlist. Deposits resumed at 7:30 a.m. UTC today.
https://coinness.com/en/news/1172609
Bithumb announced it has removed XAI from its delisting watchlist. Deposits resumed at 7:30 a.m. UTC today.
https://coinness.com/en/news/1172609
CoinNess
Bithumb lifts XAI from delisting watchlist - CoinNess
Bithumb announced it has removed XAI from its delisting watchlist. Deposits resumed at 7:30 a.m. UTC today.
[Advances in artificial gold production may highlight Bitcoin scarcity]
U.Today reported that U.S. market analyst Jesse Eckel said advances in artificial gold production technology could make Bitcoin’s scarcity a stronger competitive advantage than gold’s.
In a post on X, Eckel said artificially produced gold could eventually become cheaper, much like synthetic diamonds, and technological progress may weaken gold’s scarcity over the long term. Eckel added that San Francisco-based startup Marathon Fusion has made technical progress in converting mercury into gold. As the technology develops, gold supply could increase, while Bitcoin’s total supply remains mathematically capped, which Eckel said could strengthen Bitcoin’s scarcity advantage over the long run.
https://coinness.com/en/news/1172610
U.Today reported that U.S. market analyst Jesse Eckel said advances in artificial gold production technology could make Bitcoin’s scarcity a stronger competitive advantage than gold’s.
In a post on X, Eckel said artificially produced gold could eventually become cheaper, much like synthetic diamonds, and technological progress may weaken gold’s scarcity over the long term. Eckel added that San Francisco-based startup Marathon Fusion has made technical progress in converting mercury into gold. As the technology develops, gold supply could increase, while Bitcoin’s total supply remains mathematically capped, which Eckel said could strengthen Bitcoin’s scarcity advantage over the long run.
https://coinness.com/en/news/1172610
CoinNess
Advances in artificial gold production may highlight Bitcoin scarcity - CoinNess
U.Today reported that U.S. market analyst Jesse Eckel said advances in artificial gold production technology could make Bitcoin’s scarcity a stronger competit...
[Lawmaker Han Dong-hoon calls for crypto tax delay, two-step legislation]
Independent lawmaker Han Dong-hoon called for a delay to virtual asset taxation and a second phase of legislation, arguing that taxing only virtual assets after the abolition of the financial investment income tax on gains from stocks and bonds would seriously undermine fairness, according to Kukinews.
In a Facebook post, Han said the current tax plan could unfairly burden investors because it lacks measures to offset losses and remains exposed to tax avoidance through gifts. Han added that the next step should be to use second-phase virtual asset legislation to clearly define coin categories and the nature of related income, while first putting in place an environment that can properly protect investors.
https://coinness.com/en/news/1172611
See more: https://www.kukinews.com/article/view/kuk202610220181
Independent lawmaker Han Dong-hoon called for a delay to virtual asset taxation and a second phase of legislation, arguing that taxing only virtual assets after the abolition of the financial investment income tax on gains from stocks and bonds would seriously undermine fairness, according to Kukinews.
In a Facebook post, Han said the current tax plan could unfairly burden investors because it lacks measures to offset losses and remains exposed to tax avoidance through gifts. Han added that the next step should be to use second-phase virtual asset legislation to clearly define coin categories and the nature of related income, while first putting in place an environment that can properly protect investors.
https://coinness.com/en/news/1172611
See more: https://www.kukinews.com/article/view/kuk202610220181
CoinNess
Lawmaker Han Dong-hoon calls for crypto tax delay, two-step legislation - CoinNess
Independent lawmaker Han Dong-hoon called for a delay to virtual asset taxation and a second phase of legislation, arguing that taxing only virtual assets after...
[BTC short-term holders remain in profit, selling pressure may rise below $75.1K]
New money has recently been flowing back into the Bitcoin market, while short-term holders are still in profit with unrealized gains of around 11%, CryptoQuant contributor Axel Adler Jr. said. Adler added that if Bitcoin falls below $75,100, those holders’ positions could enter loss territory, potentially increasing selling pressure.
https://coinness.com/en/news/1172612
New money has recently been flowing back into the Bitcoin market, while short-term holders are still in profit with unrealized gains of around 11%, CryptoQuant contributor Axel Adler Jr. said. Adler added that if Bitcoin falls below $75,100, those holders’ positions could enter loss territory, potentially increasing selling pressure.
https://coinness.com/en/news/1172612
CoinNess
BTC short-term holders remain in profit, selling pressure may rise below $75.1K - CoinNess
New money has recently been flowing back into the Bitcoin market, while short-term holders are still in profit with unrealized gains of around 11%, CryptoQuant ...
[PHP flaw disclosure raises tension across crypto industry]
A newly disclosed core PHP security vulnerability that could allow unauthenticated remote code execution on web servers is raising concern across the cryptocurrency industry, CoinGape reported. The flaw does not directly affect smart contracts or cold wallets, but it could impact web-based environments such as dApp front ends and exchange dashboards.
Some projects, including BNB Chain and Trust Wallet (TWT), announced they do not use PHP in their technology stacks. U.S.-based exchange Kraken also said it is secure after moving its core backend to Rust.
https://coinness.com/en/news/1172613
A newly disclosed core PHP security vulnerability that could allow unauthenticated remote code execution on web servers is raising concern across the cryptocurrency industry, CoinGape reported. The flaw does not directly affect smart contracts or cold wallets, but it could impact web-based environments such as dApp front ends and exchange dashboards.
Some projects, including BNB Chain and Trust Wallet (TWT), announced they do not use PHP in their technology stacks. U.S.-based exchange Kraken also said it is secure after moving its core backend to Rust.
https://coinness.com/en/news/1172613
CoinNess
PHP flaw disclosure raises tension across crypto industry - CoinNess
A newly disclosed core PHP security vulnerability that could allow unauthenticated remote code execution on web servers is raising concern across the cryptocurr...
[Samsung Electronics receives U.S. patent for blockchain technology]
A patent filed by Samsung Electronics for an electronic device that provides blockchain services and its operating method was officially registered in a U.S. Patent and Trademark Office document on Oct. 20. The technology enables an electronic device to identify nearby devices supporting blockchain services through wireless signals, establish a peer-to-peer connection, compare the latest block heights stored on each device, and select the device with the most recent data to complete blockchain synchronization.
https://coinness.com/en/news/1172614
A patent filed by Samsung Electronics for an electronic device that provides blockchain services and its operating method was officially registered in a U.S. Patent and Trademark Office document on Oct. 20. The technology enables an electronic device to identify nearby devices supporting blockchain services through wireless signals, establish a peer-to-peer connection, compare the latest block heights stored on each device, and select the device with the most recent data to complete blockchain synchronization.
https://coinness.com/en/news/1172614
CoinNess
Samsung Electronics receives U.S. patent for blockchain technology - CoinNess
A patent filed by Samsung Electronics for an electronic device that provides blockchain services and its operating method was officially registered in a U.S. Pa...
[Robinhood wins Dubai approval for Middle East stock, crypto trading push]
U.S. online brokerage Robinhood has secured approval from the Dubai Financial Services Authority to launch a retail investment platform, marking its push into the Middle East market, CoinGape reported. Robinhood plans to base its regional headquarters in the Dubai International Financial Centre and provide trading and custody services for all 10 asset classes approved by regulators, including stocks, cryptocurrencies and ETFs, by 2027. The company also has broader expansion plans for the UK and Europe.
https://coinness.com/en/news/1172615
U.S. online brokerage Robinhood has secured approval from the Dubai Financial Services Authority to launch a retail investment platform, marking its push into the Middle East market, CoinGape reported. Robinhood plans to base its regional headquarters in the Dubai International Financial Centre and provide trading and custody services for all 10 asset classes approved by regulators, including stocks, cryptocurrencies and ETFs, by 2027. The company also has broader expansion plans for the UK and Europe.
https://coinness.com/en/news/1172615
CoinNess
Robinhood wins Dubai approval for Middle East stock, crypto trading push - CoinNess
U.S. online brokerage Robinhood has secured approval from the Dubai Financial Services Authority to launch a retail investment platform, marking its push into t...
[BTC falls below $82,000]
According to CoinNess market monitoring, BTC has fallen below $82,000. BTC is trading at $81,975.33 on the Binance USDT market.
https://coinness.com/en/news/1172616
According to CoinNess market monitoring, BTC has fallen below $82,000. BTC is trading at $81,975.33 on the Binance USDT market.
https://coinness.com/en/news/1172616
CoinNess
BTC falls below $82,000 - CoinNess
According to CoinNess market monitoring, BTC has fallen below $82,000. BTC is trading at $81,975.33 on the Binance USDT market.
[Nasdaq-listed Alpha Modus buys 3,170 BTC through PIPE deal]
Nasdaq-listed AI company Alpha Modus (AMOD) announced it bought 3,170 BTC through a private investment in public equity, or PIPE, deal. The transaction marks Alpha Modus’ first Bitcoin purchase and follows its August plan to add 3,170 BTC to its balance sheet to address a shareholder equity shortfall.
https://coinness.com/en/news/1172617
Nasdaq-listed AI company Alpha Modus (AMOD) announced it bought 3,170 BTC through a private investment in public equity, or PIPE, deal. The transaction marks Alpha Modus’ first Bitcoin purchase and follows its August plan to add 3,170 BTC to its balance sheet to address a shareholder equity shortfall.
https://coinness.com/en/news/1172617
CoinNess
Nasdaq-listed Alpha Modus buys 3,170 BTC through PIPE deal - CoinNess
Nasdaq-listed AI company Alpha Modus (AMOD) announced it bought 3,170 BTC through a private investment in public equity, or PIPE, deal. The transaction marks Al...
[Bithumb, FIU clash in court over sub-$1K crypto withdrawals]
South Korea’s financial authorities and crypto exchange Bithumb clashed in court over a six-month partial business suspension imposed on the exchange, Hankyung reported.
On Oct. 22, the Seoul Administrative Court’s Second Administrative Division held the first hearing in Bithumb’s suit seeking to overturn a partial business suspension ordered by South Korea’s Financial Intelligence Unit, or FIU. The two sides disputed whether exchanges were required to verify counterpart exchanges for virtual-asset withdrawals under 1 million won and whether Bithumb knowingly left illegal transactions unchecked. Bithumb argued it had no duty to verify the receiving exchange for small withdrawals, making it difficult to fully block illicit transactions. The FIU countered Bithumb knew of its obligation to ban transactions with unregistered overseas exchanges and still failed to take the necessary blocking measures, amounting to intent or gross negligence.
https://coinness.com/en/news/1172618
See more: https://www.hankyung.com/article/202610229402i
South Korea’s financial authorities and crypto exchange Bithumb clashed in court over a six-month partial business suspension imposed on the exchange, Hankyung reported.
On Oct. 22, the Seoul Administrative Court’s Second Administrative Division held the first hearing in Bithumb’s suit seeking to overturn a partial business suspension ordered by South Korea’s Financial Intelligence Unit, or FIU. The two sides disputed whether exchanges were required to verify counterpart exchanges for virtual-asset withdrawals under 1 million won and whether Bithumb knowingly left illegal transactions unchecked. Bithumb argued it had no duty to verify the receiving exchange for small withdrawals, making it difficult to fully block illicit transactions. The FIU countered Bithumb knew of its obligation to ban transactions with unregistered overseas exchanges and still failed to take the necessary blocking measures, amounting to intent or gross negligence.
https://coinness.com/en/news/1172618
See more: https://www.hankyung.com/article/202610229402i
CoinNess
Bithumb, FIU clash in court over sub-$1K crypto withdrawals - CoinNess
South Korea’s financial authorities and crypto exchange Bithumb clashed in court over a six-month partial business suspension imposed on the exchange, Hankyun...
[Bithumb to temporarily suspend ONT, ONG and MBL deposits and withdrawals]
South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) at 11:00 a.m. UTC today to support a network upgrade.
https://coinness.com/en/news/1172619
South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) at 11:00 a.m. UTC today to support a network upgrade.
https://coinness.com/en/news/1172619
CoinNess
Bithumb to temporarily suspend ONT, ONG and MBL deposits and withdrawals - CoinNess
South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) at 11:00...
[Upbit suspends ONT, ONG and MBL deposits and withdrawals]
South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) starting from the time the notice was posted, due to an Ontology network upgrade.
https://coinness.com/en/news/1172620
South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) starting from the time the notice was posted, due to an Ontology network upgrade.
https://coinness.com/en/news/1172620
CoinNess
Upbit suspends ONT, ONG and MBL deposits and withdrawals - CoinNess
South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) starting f...
[Robinhood Chain posts $51M in Q3 revenue, surpassing Ethereum]
Robinhood Chain generated about $51 million in network revenue in its first quarter of operations, surpassing Ethereum’s $41 million, BeInCrypto reported. Ethereum’s revenue fell 35% from the previous quarter.
Over the same period, total revenue across major blockchain networks rose 24% from the previous quarter to about $349 million, marking the first rebound in five quarters, according to BeInCrypto. The increase was driven by Solana’s recovery and the launch of Robinhood Chain, although overall revenue was still down 47% from a year earlier.
https://coinness.com/en/news/1172621
Robinhood Chain generated about $51 million in network revenue in its first quarter of operations, surpassing Ethereum’s $41 million, BeInCrypto reported. Ethereum’s revenue fell 35% from the previous quarter.
Over the same period, total revenue across major blockchain networks rose 24% from the previous quarter to about $349 million, marking the first rebound in five quarters, according to BeInCrypto. The increase was driven by Solana’s recovery and the launch of Robinhood Chain, although overall revenue was still down 47% from a year earlier.
https://coinness.com/en/news/1172621
CoinNess
Robinhood Chain posts $51M in Q3 revenue, surpassing Ethereum - CoinNess
Robinhood Chain generated about $51 million in network revenue in its first quarter of operations, surpassing Ethereum’s $41 million, BeInCrypto reported. Eth...
[Aave proposes V3.8 security upgrade for 16 networks]
Aave has proposed a V3.8 upgrade to add reentrancy attack protections to pool accounting processes across 16 networks, CoinDesk reported. The move is aimed at preventing potential security risks, with a formal security audit and governance vote ahead.
https://coinness.com/en/news/1172622
Aave has proposed a V3.8 upgrade to add reentrancy attack protections to pool accounting processes across 16 networks, CoinDesk reported. The move is aimed at preventing potential security risks, with a formal security audit and governance vote ahead.
https://coinness.com/en/news/1172622
CoinNess
Aave proposes V3.8 security upgrade for 16 networks - CoinNess
Aave has proposed a V3.8 upgrade to add reentrancy attack protections to pool accounting processes across 16 networks, CoinDesk reported. The move is aimed at p...
[South Korea’s FSC chief to review tokenized securities trading via crypto exchanges]
South Korea’s Financial Services Commission Chairman Lee Eog-weon said authorities will review whether tokenized securities could be traded using the technology and infrastructure of digital asset exchanges, Edaily reported.
Speaking at a comprehensive parliamentary audit session of the National Policy Committee in Seoul on Oct. 22, Lee said he agreed with the idea’s broader intent after Democratic Party lawmaker Lee Kang-il asked about using digital asset exchange infrastructure for tokenized securities trading. Lee added authorities would also examine market conditions, investor protection, whether licensing units should be integrated, and how to handle concurrent business operations.
https://coinness.com/en/news/1172623
See more: https://www.edaily.co.kr/News/Read?newsId=05451366645615544&mediaCodeNo=257&utm_source=naver&utm_medium=referral&utm_campaign=news_syndication&utm_content=original_article
South Korea’s Financial Services Commission Chairman Lee Eog-weon said authorities will review whether tokenized securities could be traded using the technology and infrastructure of digital asset exchanges, Edaily reported.
Speaking at a comprehensive parliamentary audit session of the National Policy Committee in Seoul on Oct. 22, Lee said he agreed with the idea’s broader intent after Democratic Party lawmaker Lee Kang-il asked about using digital asset exchange infrastructure for tokenized securities trading. Lee added authorities would also examine market conditions, investor protection, whether licensing units should be integrated, and how to handle concurrent business operations.
https://coinness.com/en/news/1172623
See more: https://www.edaily.co.kr/News/Read?newsId=05451366645615544&mediaCodeNo=257&utm_source=naver&utm_medium=referral&utm_campaign=news_syndication&utm_content=original_article
CoinNess
South Korea’s FSC chief to review tokenized securities trading via crypto exchanges - CoinNess
South Korea’s Financial Services Commission Chairman Lee Eog-weon said authorities will review whether tokenized securities could be traded using the technolo...