Bitcoin

Mercado Pago to Launch Crypto Services in Brazil Through Paxos

  • The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
  • Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.

MicroStrategy Buys $414M Worth of Bitcoin

  • MicroStrategy revealed on Monday it had purchased a total of 7,002 BTC for $414 million during its fourth fiscal quarter this year.
  • Currently holding 121,044 BTC, worth almost $7 billion, the company is sitting on a potential profit of more than $3 billion.

Scammers Steal $65,000 As YouTube Search Results Recommend Fake Apple Event Video

  • The scammer impersonated Apple, taking advantage of the highly anticipated October 18 event by the company.
  • No BTC was stolen, but more than 17 Ethereum were swindled out of their three owners.

ProShares BTC ETF to List on NYSE on Tuesday

  • Following several years of effort, ProShares will finally be able to list its Bitcoin Strategy ETF on the NYSE under the ticker "BITO".
  • Investors in traditional financial markets, who had concerns about investing into BTC, will now have exposure to the largest crypto by market cap.

SEC Likely to Approve First Bitcoin Futures ETF

  • "People familiar with the matter" told Bloomberg that we could see the first futures-based BTC ETF in the U.S. starting to trade next week.
  • There are currently four futures-based BTC ETF applications that are approaching their SEC decision deadlines, with experts predicting ProShares proposal was the most likely to pass.

SEBA Bank Enables Users to Earn Yields on Crypto

  • The new SEBA Earn product will enable customers to earn yields from proof-of-stake protocols such as Polkadot, Tezos and Cardano.
  • Institutions will also have access to DeFi programs, in addition to centralized lending and borrowing of BTC and ETH.

El Salvador to Use BTC Profits to Build Pet Hospital

  • The new veterinary hospital will be build using part of the $4 million in BTC profits El Salvador has made from the BTC trust it established at the end of August.
  • The President of the country explained that no BTC will be sold to fund the investment, and that the surplus came from the way the trust was set up, and BTCs rise in price.

tZERO Enables Users to Fund Brokerage Accounts With BTC and ETH

  • tZERO Markets customers will be able to sell their BTC and ETH through third-party custodial accounts and use the proceeds to fund their brokerage accounts.
  • The feature will become available on 5 October for all users.

Robinhood Testing New Crypto Wallet Features

  • Information in the code of Robinhood's iPhone app revealed that the company was testing out crypto withdrawals.
  • If launched, the features would enable users to manage their cryptocurrencies in the app and transfer them to external wallets.

Vee Finance Exploited for $35M Worth of BTC and ETH

  • The 8805 ETH and 214 BTC that were stolen were collected into a single address, and the attacker is yet to transfer or process them.
  • Vee Finance assured users that the incident occurred in the "pending contract", and that the assets in its Stable Coin sector remain unaffected.