@coinpapercom

Breaking crypto news with double-verified accuracy. Your go-to for Bitcoin, Ethereum, and more!

coinpaper.com
Joined March 2022
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💵 LATEST: #Robinhood's crypto revenue jumped 20% quarter-over-quarter to $120 million in Q3, boosted by $26 million from Robinhood Chain. However, crypto trading revenue fell 6% to $94 million.
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📣 NEW: Google is entering the crypto custody security market with a new system designed to protect digital assets. Alphabet is already using the technology to secure its #Ethereum and #Solana holdings.
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💪 BIG: Moody’s has assigned Ripple’s #RLUSD stablecoin investment-grade ratings of A2 (long-term) and P-1 (short-term).
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🚨LATEST: #Coinbase confirms some customers’ contact information was exposed in a security incident involving analytics provider Amplitude. The exchange says its systems were not breached and customer funds remain safe.
Coinbase Support
@CoinbaseSupport11h
Coinbase has not had a data breach. Amplitude, an analytics vendor, experienced a security incident which impacted a small subset of Coinbase customer contact data, among other Amplitude customers. We’ve found no evidence of unauthorized access to Coinbase systems, and customer funds were not impacted. We are notifying impacted customers and regulatory agencies in accordance with our legal obligations.
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🚨 UPDATE: #Coinbase, #Bithumb, Mirae Asset, and #Daishin Securities have reported separate data security incidents. Customer contact details and internal business information were exposed in some cases.
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🧠 LATEST: Three major #AI infrastructure suppliers reported better-than-expected earnings. coinpaper.com/37969/three-ai…

Three AI Suppliers Just Beat Earnings Expectations but Wall Street Is Worried About Who Pays the...

Celestica, Cadence and Rambus beat earnings expectations, but falling cash flow guidance and rising AI financing costs raise fresh concerns.

coinpaper.com
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Some traders lose money. Others lose hair. Some lose both. #cryptomemes
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💰 NEW: Mike Novogratz's #GalaxyDigital reported $323 million in Q3 net income, rebounding from an $85 million loss in the previous quarter.
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⚠️ WATCH OUT: South Korean crypto exchange #Bithumb is investigating a data leak after hackers breached its internal employee communications system. The exchange discovered the attack on Oct. 27 and notified local cybersecurity and privacy authorities.
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📣 NEW: Hong Kong Gold Exchange (HKGX) has announced plans to integrate #Chainlink's Cross-Chain Interoperability Protocol (CCIP) for its #gold-backed XGZ token.
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💵 NEW: Cathie Wood's Ark Invest bought $5.2 million worth of #Circle (CRCL) shares while selling $15.9 million of its own #Bitcoin ETF (ARKB).
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💰LATEST: #Zcash co-founder Sean Bowe has proposed ending automatic funding for Zcash Community Grants (ZCG).
Sean Bowe
@ebfullOct 27
It's time to turn off the ZCG funding stream. ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding. Draft ZIP: github.com/zcash/zips/blob/e…

zips/zips/draft-bowe-end-zcg-stream.md at end-zcg-stream · zcash/zips

Zcash Improvement Proposals. Contribute to zcash/zips development by creating an account on GitHub.

github.com
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🚨 UPDATE: IBM, Oracle, Intel and IonQ have joined the opposition to #OKX and ICE's proposed tokenized #stock platform. The latest objections bring the number of companies opposing the initiative to 26.
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📣 NEW: #Binance applied for a cryptocurrency service provider license in Brazil ahead of the country's Oct. 30 regulatory deadline. The exchange submitted its application to Brazil's central bank through its local entity, BBrasil, on Oct. 23.
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🔴 JUST IN: Mizuho slashed its price target for #USDC issuer #Circle (CRCL) from $45 to $43, warning that AI personal assistants could threaten its future revenue.
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📜 LATEST: The OCC finalized rules under the #GENIUS Act covering reserve backing, customer redemptions, custody and risk management, with implementation scheduled for January 2027. READ MORE: coinpaper.com/37898/us-stabl…

US Stablecoin Rules Move Forward as OCC Finalizes GENIUS Act Framework Ahead of 2027 Launch

The OCC finalizes GENIUS Act stablecoin rules effective January 18, 2027, covering reserves, redemptions, licensing and oversight, with AML rules still pending.

coinpaper.com
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#cryptosentiment is neutral
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📜 NEW: Canada has opened a 60-day public consultation on proposed #stablecoin regulations, including a potential ban on yield payments. The government is accepting public feedback until Dec. 23.
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📣 BIG: #Ripple has received final approval from the US Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank.
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🟠 LATEST: Saylor's #Strategy has ended its five-week Bitcoin buying streak, and reported no BTC purchases or sales between October 19 and 25. The company still holds 848,517 BTC worth approximately $67.9 billion.
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