Blockstream has launched a consulting business for financial institutions and opened an office in Lugano, Switzerland, the company shared today. The expansion gives banks, asset managers and other institutions direct access to the firm’s engineering teams and Bitcoin infrastructure, Blockstream said. 

Blockstream Consulting Services will support institutions through the evaluation, design and implementation of Bitcoin-based financial infrastructure. The company said the business will develop solutions for tokenized asset issuance, confidential settlement and related infrastructure, with services spanning technical strategy, system architecture, integration and… Read more on BitcoinMagazine

New York Attorney General Letitia James is trying to secure a $1.37 billion judgment against the operators of NovaTech and its predecessor AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded hundreds of thousands of investors worldwide out of more than $1 billion.

Alleged founders Cynthia and Eddy Petion never appeared in court and, according to the AG’s office, fled the country.

“NovaTech and AWS Mining scammed thousands of vulnerable New Yorkers by telling them they were making a safe investment when in reality, they were victims of a pyramid scheme,” James said in a statement. “These scammers targeted immigrant and religious…

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Bitcoin Core has changed its security disclosure policy to speed up fixes for vulnerabilities that large language models can find with little effort, ending the months-long embargoes those bugs once received.

Maintainers merged the change to the project’s security policy on Thursday. Chaincode Labs developer Antoine Poinsot, who wrote the proposal, announced it in a message to the Bitcoin Development Mailing List the same day.

“We recently experienced an increase in the number of reports for security vulnerabilities that can be easily (re-)discovered,” Poinsot wrote. “This is largely due to LLMs drastically reducing the bar to find certain classes of issues or identify…

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U.S. investors quickly reversed course on Thursday, cashing out over half a billion dollars from spot bitcoin exchange-traded funds as risk-off sentiment surfaced again. 

A total of $635.6 million left the funds on Thursday, data from Farside Investors shows. The redemptions put downward pressure on the price of bitcoin, which dropped under $81,000 at one point. 

The coin has since rebounded and was recently trading for nearly $81,669, down just 1% over a 24-hour period. 

BlackRock’s iShares Bitcoin Trust saw the biggest outflows, with investors cashing out over $254 million. Fidelity’s Wise Origin Bitcoin Fund followed, losing close to $218 million. 

Over $109…

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Franklin Templeton has taken the last regulatory step before launching two exchange-traded funds that convert stock dividends into bitcoin. 

On October 22, Franklin Templeton filed a Form 8-A with the Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on the Nasdaq. A prospectus filed the same day lists an effective date of October 27.

The filings for both funds arrived in June without tickers or fees. Four months later, the details are in.

How the funds work

The Equity fund, ticker FBEQ, tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. The index…

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The Bank of Korea plans to draft an amendment to the Foreign Exchange Transactions Act with the government before year-end that would regulate stablecoins as a means of payment, according to a written submission to the National Assembly’s annual audit reported by Korean outlet Digital Asset.

The central bank’s October 22 report, a follow-up to last year’s audit, says it is consulting with the government on measures to regulate cross-border transactions in virtual assets. 

While building a monitoring system based on foreign exchange network reporting, the bank said, it plans to prepare the amendment with the government this year to regulate stablecoins as a means of…

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The midterms are November 3, and a shift in congressional power could reshape Bitcoin and crypto policy for years. Mason Lynaugh, Executive Director of Stand With Crypto, joins Grace Remington and Sean Hagan to break down the final push: 3.1 million advocates, 50 state chapters, 47 college chapters and 45 endorsed candidates. He explains why crypto voters are the low-propensity swing bloc campaigns spend millions to find, why the Clarity Act and GENIUS Act votes prove the issue is bipartisan, and why he expects the most pro-Bitcoin Congress in history no matter who wins.

🟪 Stand with Crypto: Check your registration, find your state’s deadline, and see where your candidates…

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Block just launched “Bitcoin Does,” its first-ever mass-consumer Bitcoin advertising campaign, aimed at the 60 million Americans who are curious but haven’t taken the first step. Maria Pesce, Head of Bitcoin Marketing at Block across Cash App, Square and Proto, joins Grace Remington and Sean Hagan to explain why the ads skip the mining and blockchain explainers and just show Bitcoin working. She shares the customer insight behind the message, a Square seller calling Bitcoin “more honest money,” and how inflation, bailouts and private equity shaped the films. Plus, inside Block’s Lightning Lake at ComplexCon, where attendees fished for Bitcoin and paid over… Read more on BitcoinMagazine

Mike McGlone was one of the few Wall Street analysts to call $100K Bitcoin. Now the Bloomberg Intelligence senior commodity strategist says Bitcoin “can easily drop a zero” to $10,000. In this interview with Grace Remington and Sean Hagan, he explains why the ETF launch signaled the trade was over, why Bitcoin has become a “stock puppet” with high beta and no edge, and why a Fed priced for three hikes is a headwind for Bitcoin, gold and copper alike. He also covers the Middle East energy shock, midterm elections, the GENIUS Act and stablecoins, and why U.S. Treasuries are his next big trade.

Chapters:0:00 Bloomberg’s Mike McGlone on the Middle East Energy Crisis and a…

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Pepenardo has transformed six copies of Bitcoin Magazine’s 2036 Issue into original artworks, drawing directly onto the covers with a Sharpie. The hand-altered editions feature familiar characters from his visual universe, including the Sleeping Knights, previously exhibited at the BMAG Museum in Nashville and Bitcoin 2026 in Las Vegas. Other imagery includes the masked rider of FAKEGENESIS, Dorian Nakamoto, and Pepe the Frog.

Each magazine features the artist’s signature on its illustrated cover and an additional gold-ink signature on an interior spread reproducing his painting THE DREAMER. Each is paired with two original, one-of-one trading cards created for the…

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