This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) The Lazarus Group hackers were unable to access $5 million in an illicit fund
Several of them have blocked the funds after tracing them to two accounts associated with this North Korean-backed group. Tether USDT, Circle USDC, Techteryx TUSD, and Paxos BUSD all prevented the group from accessing these illicit funds against two wallets…[continue reading]
2) Circle relocates HQ to New York before IPO
Circle, the stablecoin issuer, is relocating its global headquarters to New York City in anticipation of its upcoming Initial Public Offering (IPO). The issuer of the world’s second-largest stablecoin USDC, Circle, is relocating to “one of the upper floors of 1 World Trade Centre.”…[continue reading]
3) Kraken Lightning Network Suspends German Client Assistance
Kraken eliminated the Lightning Network’s accessibility for its German clients, attributing the decision to “technical modifications.” Initially, it was believed that the change was due to regulatory concerns; however, Kraken has since clarified this misconception…[continue reading]
4) Trump to Introduce Crypto Platform World Liberty Financial Prior to Elections
Donald Trump, the former President of the United States, has scheduled the initial introduction of his family’s new cryptocurrency platform, World Liberty Financial, 50 days prior to the elections. The upcoming Monday event, which will showcase both web and television video components, represents a substantial departure from Trump’s previous strategy. Trump will leverage his campaign’s visibility to promote a project initiated by his sons, Donald Jr. and Eric Trump…[continue reading]
5) OpenAI develops reasoning token-based LLM model o1 to design outputs
In order to improve the capacity to solve complicated problems, OpenAI has introduced a new series of AI models known as OpenAI o1. The o1-preview and o1-mini models propose to allocate additional time for problem-solving prior to generating responses, which could be advantageous for disciplines such as mathematics, science, and coding…[continue reading]
6) UK bill clarifies crypto and NFTs as private assets
The U.K. Parliament presented the Property (Digital Assets etc) Bill on September 11. This Bill defines digital assets, such as cryptocurrencies, non-fungible tokens (NFTs), and carbon credits, as personal property under British law…[continue reading]
7) Trump and Harris tie in prediction markets following debate
Donald Trump and Kamala Harris’s debate on September 10 caused significant disruptions in the financial sector, including prediction markets. The general consensus is that Harris outperformed Trump, and Polymarket’s data supports this assertion…[continue reading]
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