tl;dr

• The UAE’s new VAT exemptions on virtual asset transfers and conversions are expected to boost Bitcoin demand and drive price increases.• An international crackdown on the Russian cybercrime syndicate Evil Corp has resulted in sanctions, arrests, and seizures to disrupt its operations.• TeraWulf so...

• The UAE’s new VAT exemptions on virtual asset transfers and conversions are expected to boost Bitcoin demand and drive price increases.
• An international crackdown on the Russian cybercrime syndicate Evil Corp has resulted in sanctions, arrests, and seizures to disrupt its operations.
• TeraWulf sold its 25% stake in Nautilus Cryptomine for $92 million, redirecting to HPC.
• Coinbase seeks an interlocutory appeal in its legal battle with the SEC, focusing on the application of the Howey Test, while aiming to align with the SEC's appeal in the Ripple case.
• Arbitrum Foundation launches the Road to Devcon initiative in Asia, focusing on blockchain education and community development through in-person events and developer bounties.
• The BRICS alliance is exploring the use of a petroyuan as an alternative to the US dollar in oil trade, signaling potential shifts in global financial power.
• Asia’s Metaplanet continues its Bitcoin buying spree, boosting its holdings and signaling potential market rallies with expectations for new BTC all-time highs.
• Bitcoin surges following US economic data events, with traders eyeing key metrics like the Consumer Price Index (CPI), PPI,Jobs claims, inflation trends, and corporate earnings reports.
• Bitget’s native token BGB plunged 50%, prompting the exchange to implement a compensation plan to address user losses and stabilize the token’s value.
• The US government seized over $2.67 million in stolen digital assets linked to North Korean hackers, highlighting ongoing international efforts to combat cybercrime and theft.

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 17 Oct 24
 17 Oct 24
 17 Oct 24