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Bitcoin Faces CPI Check After AI Inventory Promote-Off
Bitcoin faces October’s U.S. inflation report after the AI stock sell-off, with Tuesday’s CPI release and CoreWeave results testing appetite for risk. Bitcoin faces a fresh inflation test on November 10 after an AI-led sell-off exposed how quickly pressure in technology stocks can spill into crypto. The next question is whether U.S. price data will…
Circle Says It Froze $1.1B in USDC Linked to Binance Hack Investigation
TL;DR: Circle says it froze roughly $1.1 billion in USDC connected with the reported Binance exploit while working with law enforcement. The stablecoin issuer stresses that a wallet freeze does not decide asset ownership or whether funds should ultimately be forfeited. The response to the enormous reported Binance breach has exposed a difficult but essential…
Samsung Pockets Provides USDC Purchases Via Stripe
Samsung Wallet’s USDC purchase integration with Stripe brings digital dollars to eligible U.S. Galaxy users, expanding stablecoin access through a familiar mobile wallet. Samsung Wallet USDC purchases are now powered by Stripe, giving eligible Galaxy users in the United States a way to buy the dollar-pegged stablecoin through a familiar mobile app. In a November…
Fhenix – Privateness on a Want-to-Know Foundation
Guy Itzhaki is CEO of Fhenix, a fully homomorphic encryption (FHE) company whose CoFHE coprocessor lets smart contracts on existing EVM chains compute over encrypted data without users moving to a new chain. Itzhaki spent much of his career at Intel, where he took its SGX and TDX trusted execution environments to market and later…
FinCEN Withdraws Proposed Crypto Journey Rule Growth in Separate November Transfer
TL;DR: FinCEN and the Federal Reserve are withdrawing a proposed expansion of US recordkeeping and Travel Rule requirements that would have covered certain convertible virtual currency transfers and lowered a cross-border transfer threshold. The withdrawal removes a proposal; it does not cancel existing anti-money-laundering obligations. Two announcements issued by the same US agency on November…