Bitcoin price stabilizes, sparking hopes of accumulation period

Source: https://decrypt.co/287869/bitcoin-price-stabilize-accumulation-period

Denmark has taken a significant step forward in technological innovation with the launch of its first sovereign AI supercomputer, Gefion. This monumental project, in collaboration with NVIDIA, aims to propel advancements in quantum computing, clean energy, biotechnology, and other sectors crucial to both Danish society and the global community.

Gefion is powered by 1,528 NVIDIA H100 Tensor Core GPUs and interconnected through NVIDIA Quantum-2 InfiniBand networking. The supercomputer is operated by the Danish Center for AI Innovation (DCAI), a venture supported by the Novo Nordisk Foundation and the Export and Investment Fund of Denmark.

The Gefion supercomputer is poised to serve a wide array of users, including industry professionals, startups, and academic researchers. It is expected to address global challenges by providing insights into infectious diseases, climate change, and food security.

Source: https://Blockchain.News/news/denmark-unveils-gefion-sovereign-ai-supercomputer

Blockchain.com Executives Face Scrutiny for Filing Delays in UK. The company's top executives are under investigation by the UK Financial Conduct Authority (FCA) for failing to file accounts on time. This development highlights the importance of transparency and accountability in the financial industry.

Source: https://decrypt.co/287861/blockchain-com-execs-face-scrutiny-for-not-filing-accounts-in-uk

The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and phishing emails targeting Dah Sing Bank customers. The HKMA advises the public to remain vigilant and cautious of suspicious emails or messages that encourage clicking on embedded hyperlinks to perform banking transactions. Legitimate banks do not send such communications requesting personal information, and customers are urged not to disclose sensitive details through these channels.

Source: https://Blockchain.News/news/hkma-warns-fraudulent-websites-emails-dah-sing-bank

Binance Futures has updated its leverage and margin tiers for several USDⓈ-M perpetual contracts, affecting cryptocurrencies like TAOUSDT and TURBOUSDT. The changes aim to enhance trading conditions and provide a more balanced risk management framework for users. Existing positions remain unaffected, while traders should review their current positions and consider adjustments to align with the new conditions.

Source: https://Blockchain.News/news/binance-futures-updates-leverage-margin-tiers-perpetual-contracts

Nigeria has dropped charges against a detained executive from Binance, a leading cryptocurrency exchange. The individual was arrested in June for allegedly violating foreign exchange regulations. The release comes after intense diplomatic efforts and public pressure calling for the executive's freedom. This development marks a positive step towards improving Nigeria's reputation as a welcoming destination for international businesses.

Source: https://decrypt.co/287862/nigeria-releases-detained-binance-exec

Binance has made a significant move in enhancing trading accessibility by removing the 10,000 USDT minimum balance requirement for Portfolio Margin accounts. This change allows all users to trade with over 350 collateral assets, potentially broadening trading opportunities. Regular users can now open Portfolio Margin accounts and engage in advanced trading strategies. The platform emphasizes caution when engaging in margin trading due to inherent risks.

Source: https://Blockchain.News/news/binance-eliminates-minimum-wallet-balance-portfolio-margin

Binance Announces Delisting of IDRT, KP3R, OOKI, and UNFI Tokens

In a routine asset review process, Binance has decided to delist four tokens - IDRT, KP3R, OOKI, and UNFI - effective November 6, 2024. The decision aims to ensure that listed digital assets meet the platform's standards and industry requirements.

The affected trading pairs include KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT. Users are advised to manage their positions and assets accordingly to avoid potential losses.

Binance will close all positions for the UNFIUSDT USDⓈ-M Perpetual Contract by October 30, 2024. Additionally, deposits of these tokens after November 7, 2024, will not be credited, and withdrawals will not be supported post-February 6, 2025.

Source: https://Blockchain.News/news/binance-delist-idrt-kp3r-ooki-unfi-november-2024

Binance, a leading cryptocurrency exchange, has announced the termination of its Retail Referral Program for users in Türkiye to ensure compliance with local regulations. The program will remain available for users outside of Türkiye. Existing referrers in Türkiye will continue to receive commissions from invitees who registered before this change.

Source: https://Blockchain.News/news/binance-halts-referral-program-turkiye-users

The Hong Kong Monetary Authority (HKMA) has announced the results of its 3-year HKD government bond tender, with a bid-to-cover ratio of 3.89 and an annualized yield of 2.952%. The strong demand reflects confidence in the Hong Kong government's financial instruments, supporting infrastructure projects through strategic bond issues.

Source: https://Blockchain.News/news/hkma-3-year-hkd-government-bond-tender-results

Binance, a leading cryptocurrency exchange, has announced the removal of several spot trading pairs to maintain market quality. The affected pairs include ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC. This decision follows a periodic review that considers factors like liquidity and trading volume. The move aims to protect users and ensure a high-quality trading environment. Trading bot services for the affected pairs will also be terminated.

Source: https://Blockchain.News/news/binance-delist-algo-chr-dgb-gmx-spot-trading-pairs

Binance Blockchain Week Dubai 2024 Ticket Prices Set at $600, Early Bird Tickets Sold Out. The highly anticipated event is scheduled to take place from October 30 to 31, 2024, at the Coca-Cola Arena in Dubai. The two-day conference will feature interactive sessions with key figures in the blockchain space, exploring topics such as the transformative power of blockchain and the future potential of Bitcoin.

Source: https://Blockchain.News/news/blockchain-week-dubai-2024-ticket-prices-600

Binance has launched Earn Wednesday, a new initiative offering limited-time crypto investment opportunities. The program includes Simple Earn, ETH Staking, SOL Staking, and Dual Investment products. These options provide users with various ways to grow their cryptocurrency portfolios.

The event is designed to offer flexible and locked product choices on a first-come, first-served basis. Users can view their subscribed assets in the 'Wallets > Earn' section. However, it's essential to note that Binance reserves the right to adjust annual percentage rates (APRs) at any time without prior notice.

Earn Wednesday also features promotional offers, including a chance to win up to 8 million PEPE and earn a 9% Bonus Tiered APR. Additionally, participants can participate in SOL Surge and Smart Arbitrage promotions, offering potential rewards of up to $100,000 in SOL and 17.18% APR, respectively.

Source: https://Blockchain.News/news/binance-earn-wednesday-new-crypto-offers

BitMEX, a leading cryptocurrency derivatives platform, has announced the launch of GOAT token trading on its spot platform. As of October 23, 2024, users can now deposit, buy, and trade GOAT tokens paired with USDT. This addition provides new opportunities in the cryptocurrency market for traders to engage with AI-powered meme coins.

Source: https://Blockchain.News/news/bitmex-launches-goat-token-trading-on-spot-platform

Binance has successfully integrated USD Coin (USDC) on the zkSync Era network, enabling users to deposit and withdraw the stablecoin. This integration aims to enhance scalability and transaction efficiency for Binance users. The zkSync Era network utilizes zero-knowledge proof technology to facilitate faster transactions with reduced costs. Users can now access their assigned USDC deposit address and view the smart contract address publicly, ensuring transparent and secure transactions.

Source: https://Blockchain.News/news/binance-integrates-usdc-on-zksync-era-network-enables-transactions

Binance Supports Viction Network Upgrade and Hard Fork, Temporarily Suspends Deposits and Withdrawals. Trading Remains Unaffected.

Source: https://Blockchain.News/news/binance-support-viction-vic-network-upgrade

Adam Price, a renowned blockchain expert and Archmage, is set to discuss the future of decentralization at the LF Decentralized Trust Member Summit. The event, exclusive to Linux Foundation members, will feature insights on GalaChain's work within Hyperledger Fabric. GalaChain's integration with Hyperledger Fabric demonstrates its commitment to leveraging open-source technologies for innovative solutions. The summit aims to enhance blockchain infrastructure and foster a more decentralized digital ecosystem.

Source: https://Blockchain.News/news/adam-price-address-future-decentralization-lf-trust-summit

Binance Launches FDUSD Locked Products with Attractive 16.2% APR

Binance has announced a new promotional offer for its FDUSD Fixed Rate Locked Products, providing an attractive 16.2% Annual Percentage Rate (APR) for eligible users. This initiative is driven by heightened user demand and will be available from October 23 to November 5, 2024.

The subscription to FDUSD Locked Products is limited and operates on a first-come, first-served basis. The locked term for these products is set at 14 days, during which the fixed APR remains constant. Users can expect to receive their rewards daily, directly into their Spot Wallet.

To take advantage of this offer, users must first acquire FDUSD through Binance's Spot market or the Buy Crypto page, and then navigate to the Simple Earn section to subscribe to the FDUSD Locked Products.

Source: https://Blockchain.News/news/binance-fdusd-locked-products-16-2-apr

GalaChain has taken a significant step towards decentralization with the release of its new whitepaper. The document outlines a comprehensive strategy for transforming GalaChain into a fully decentralized ecosystem, focusing on security, scalability, and community-driven development. Key highlights include the transition from Raft consensus to Byzantine Fault Tolerance (BFT) algorithm, global distribution of network components, and introduction of GalaChain Improvement Proposals (GIPs). This shift aims to enhance fault tolerance, security, and resilience while empowering developers and enterprises.

Source: https://Blockchain.News/news/galachain-unveils-decentralization-strategy-whitepaper

Character.AI, a prominent AI platform, has announced updates aimed at bolstering user safety and enhancing the overall experience. The company has invested in trust and safety processes, appointing a Head of Trust and Safety and expanding its engineering safety support team. New features include proactive character moderation and detection of sensitive phrases related to self-harm, directing users to the National Suicide Prevention Lifeline.

Source: https://Blockchain.News/news/character-ai-enhances-safety-measures-user-protection