Floki’s FLOKI/USD protocol’s token, TokenFi (TOKEN), has experienced a significant increase in value. 

What Happened: In the past 24 hours alone, TOKEN has surged by 40% and has emerged as a top performer on decentralized exchanges.

TokenFi, is a platform by FLOKI, which aims to capitalize on the growing tokenization industry by offering crypto and asset tokenization services. At the time of writing, TOKEN was trading at $0.02617.

According to data from Dextools, TokenFi’s trading volume has experienced a significant surge. Within the last 24 hours, the trading volume for TOKEN has risen by 30%, reaching $5.5 million. This growth follows the token’s recent launch, which took place…

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Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.

The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was sentenced to prison following his April 6 guilty plea where he admitted to secretly minting and selling Pearl tokens while not paying income tax on a swathe of profits from the project.

Elmaani admitted that he caused tax losses of over $5.5 million.

“Amir Elmaani violated the duty he owed to pay taxes on millions of dollars of cryptocurrency profits, and he also violated the trust of…

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The ticker for Invesco and Galaxy’s spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. 

Invesco’s Galaxy spot Bitcoin ETF product is listed on the DTCC’s site. Source: DTCC

According to web archiver WayBack Machine, no listing under the ticker BTCO was present on Oct. 25 — meaning that the ETF has been added to the list sometime in the last six days. 

It is important to note that a ticker being added to the list of “ETF Products” on the DTCC site is by no means a guarantee of an approval of a given product in the future.

A DTCC spokesperson said it’s standard practice for it to add securities to…

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The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto.

In an Oct. 31 statement, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero said most of the tips received this year involved crypto which she claimed was “an area that continues to have pervasive fraud and other illegality.”

Very proud of these offices and their outsized results. As a former IG, I know firsthand how important whistleblowersare. The CFTC could not fully protect customers and markets w/o them. Click to read about the highest # of tips, crypto…

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Few would argue that Bitcoin today closely reflects the vision Satoshi Nakamoto, its pseudonymous creator, presented in their white paper exactly 15 years ago.

Yes, the broad strokes remain relevant. Bitcoin is still a proof-of-work blockchain that relies on consensus between nodes to operate properly. 

But the pitch made in the 2008 white paper — bitcoin as a form of digital cash — has evolved and expanded over time. Some now look to bitcoin as more of a reserve asset, akin to a digital form of gold.

But a framework for digital cash, without the need to trust a central intermediary or administrator, was at the heart of Nakamoto’s initial proposal:  

“What is needed is an…

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The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget. 

The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.”

Bitget statement on TokenFi delisting. Source: Bitget.

The Floki team said it submitted a proposal on October 18 to the Floki…

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Bitcoin and Ethereum — though “wildly successful” — have not fulfilled the original expectations many had for crypto, according to an executive at Pantera Capital.

But stablecoins are poised to, Jeff Lewis, a product manager at the crypto-focused hedge, wrote in a Tuesday letter.

Fifteen years after the Bitcoin whitepaper, BTC’s lack of speed and scalability hurts its case for being a good replacement for money, he notes. Ethereum “has become the programmable decentralized system that Bitcoin alone could not be,” paving the way for an ecosystem of NFTs, Web3 applications and DeFi powered by ether [ETH].  

“Unfortunately, Ethereum is almost as volatile as bitcoin,…

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Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. 

For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve.

Despite the positive indicators, Bitcoin price still remains around 50% below its all-time high of $69,900 which was hit in November 2021. In contrast, gold is trading just 4.3% below its $2,070 level from March 2022. This stark difference diminishes the significance of Bitcoin’s year-to-date gains of…

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The US Government Accountability Office found that the Securities and Exchange Commission did not follow the Congressional Review Act in issuing Staff Accounting Bulletin 121. 

SAB 121 was first issued back in March 2022. It said that the crypto assets of bank customers should be held on the balance sheet of the banks. But, GAO argues, it never should have been issued without Congressional review first due to it falling under the criteria of rule.

Before a rule can take effect under the CRA, the regulatory agency needs to file a report with the House of Representatives, the Senate and the Comptroller General.

The SEC initially issued it to provide “interpretive guidance.” However,…

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The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.

The update gathers a significant amount of information about the central bank digital currency (CBDC) bridge that had been scattered or completely unavailable until now. The governance structure is explained in general terms, and technical details are slipped into the text at a level of readability that makes it accessible to non-specialists.

A next envisaged stage in Project #mBridge is whether the…

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