Global banks join SWIFT in blockchain test run on Consensys’ Linea

Smart Digital Group stock crashes 87% after crypto pivot announcement

NegativeCryptocurrency

Smart Digital Group's stock plummeted by 87% after the company announced a surprising shift towards establishing a diversified cryptocurrency asset pool. This drastic move has sparked a significant backlash from investors, who perceive it as a risky diversion from the company's core business. The sharp decline in share value highlights the volatility and uncertainty surrounding cryptocurrency investments, making it a critical moment for both the company and its stakeholders.

A7 leaks expose $8b crypto pipeline fueling Russia’s shadow politics

NegativeCryptocurrency

A recent leak of documents from a firm linked to Putin has unveiled a complex financial network that has funneled $8 billion in cryptocurrency to support Russia's shadowy political maneuvers, particularly in Moldova. This revelation is significant as it highlights the lengths to which Russia is going to evade sanctions and manipulate political landscapes, raising concerns about the integrity of international financial systems and the ongoing geopolitical tensions.

ProfitableMining launches new XRP cloud mining contracts

Crypto News2 hours ago

PositiveCryptocurrency

ProfitableMining has just launched new XRP cloud mining contracts, marking a significant step in providing secure and passive income opportunities in the crypto space. This initiative is important as it allows users to engage in cryptocurrency mining without the need for extensive technical knowledge or hardware investment, making it accessible to a broader audience. With the growing interest in digital assets, these contracts could attract more investors looking for innovative ways to earn from the crypto market.

Swift reportedly picks Linea for multi-month interbank messaging system transition

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CryptoSlate2 hours ago

PositiveCryptocurrency

Swift's decision to adopt Linea for its transition to blockchain-based interbank messaging marks a significant step in modernizing financial communications. This move, reported by The Big Whale, highlights the growing trend of integrating blockchain technology in traditional banking systems, potentially enhancing efficiency and security in transactions. As the global banking consortium explores this innovative approach, it could pave the way for a more streamlined and transparent financial ecosystem.

Crypto Briefing6 hours ago

via CryptoSlate

SWIFT developing stablecoin-like token and onchain messaging with Linea

PositiveCryptocurrency

SWIFT is making strides in the blockchain space by developing a stablecoin-like token and onchain messaging with Linea. This initiative could significantly enhance transaction security and efficiency, potentially revolutionizing global banking by bridging the gap between traditional and digital finance. It's an exciting development that could reshape how financial transactions are conducted worldwide.

Ethereum Supply On Exchanges Shrinks: Multi-Year Lows Signal Bullish Setup

via Crypto Briefing

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NewsBTCan hour ago

PositiveCryptocurrency

Ethereum's supply on exchanges has hit multi-year lows, which is a promising sign for investors. As the price of ETH dipped below $4,000 for the first time since August, major exchanges like Binance and Coinbase Advanced reported significant outflows of Ethereum. This trend indicates that more investors are holding onto their ETH rather than selling, suggesting a bullish setup for the cryptocurrency's future. Such movements often precede price increases, making this a crucial moment for Ethereum enthusiasts.

Beijing boosts digital yuan for global trade with new operations center

via NewsBTC

CryptoSlatean hour ago

PositiveCryptocurrency

China has taken a significant step in enhancing the digital yuan's presence in global finance by launching a new operations center in Shanghai. Announced by the People's Bank of China on September 25, this center aims to facilitate cross-border payments and develop blockchain services and digital asset platforms. This move is crucial as it positions the digital yuan as a competitive player in international trade, potentially reshaping how global transactions are conducted.

Bullish Bitcoin bets unraveled below $110K: Will October revive risk-on sentiment?

via CryptoSlate

Cointelegraphan hour ago

NeutralCryptocurrency

Bitcoin has experienced a significant decline of 5%, marking its steepest weekly drop since March. However, the month of October is historically known for its potential to revive market sentiment, and the stability of long-term holders may indicate a possible recovery on the horizon. This situation is crucial as it reflects the ongoing volatility in the cryptocurrency market and the factors that could influence investor confidence moving forward.

via Cointelegraph

Smart Digital Group stock crashes 87% after crypto pivot announcement

NegativeCryptocurrency

A7 leaks expose $8b crypto pipeline fueling Russia’s shadow politics

NegativeCryptocurrency

Tether’s mega fundraise draws top investors as it expands beyond yield income

Cointelegraphan hour ago

PositiveCryptocurrency

Tether is making headlines as it attracts major investors like SoftBank and ARK, potentially valuing the stablecoin issuer at a staggering $500 billion. This move is significant as Tether expands its offerings beyond just yield income, indicating a strategic shift that could reshape the cryptocurrency landscape. Investors are keenly watching how this diversification will impact the market and Tether's position within it.