ChainCatcher news, the South African Financial Sector Conduct Authority (FSCA) temporarily suspended the financial services provider license of the cryptocurrency trading platform Banxso on Wednesday, citing concerns that its marketing practices promised clients unrealistic returns.There were previous allegations that Banxso used deepfake techniques in its advertising and employed aggressive sales tactics to pressure clients into investing without proper risk assessment.

ChainCatcher news, according to Cryptonews, the short video application TikTok is under scrutiny for allegedly operating in the UK in a manner similar to cryptocurrency exchanges. It is reported that a compliance expert has warned the UK's Financial Conduct Authority (FCA), suggesting that TikTok undergo checks for money laundering and terrorist financing. The expert emphasized that the virtual tokens on TikTok could potentially be indirectly exchanged for real currency through its creator program, which is concerning.This scrutiny stems from TikTok's virtual currency system—TikTok tokens. Users can purchase tokens with real money and gift them on the platform or during live streams. They may also have the option to exchange these tokens back for cash. This process is similar to cryptocurrency trading. Given the strict regulations surrounding cryptocurrency businesses, this system has raised regulatory concerns. Critics argue that TikTok's handling of virtual currency may face the same scrutiny as cryptocurrency platforms. Additionally, such cryptocurrency-like transactions have raised concerns about the security of users' financial data, especially considering the geopolitical sensitivities.It is reported that the letter stated: "TikTok provides funding transfer services for money service businesses through its rewards program and facilitates the exchange of crypto assets for currency or currency for crypto assets, or makes arrangements for such exchanges." As of the time of publication, neither TikTok nor the FCA has responded to Cryptonews' request for comment.

According to ChainCatcher news and a report by Cointelegraph, Aspen Digital's latest report shows that interest in cryptocurrencies among private wealth in Asia is significantly increasing. The survey indicates that 76% of Asian private wealth has already ventured into digital assets, with another 18% planning to invest in the future, totaling up to 94%.The report surveyed 80 family offices and high-net-worth individuals in the Asia region, most of whom manage assets ranging from $10 million to $500 million. This is a significant increase compared to just 58% of respondents involved in digital assets in 2022. Among the respondents who have invested in cryptocurrencies, 70% have less than 5% of their portfolio in digital assets. However, some investors have increased their allocation to over 10% in 2024.The survey also found that Asian private wealth is increasingly interested in the profit opportunities brought by blockchain technology applications. Two-thirds of respondents expressed interest in decentralized finance (DeFi), and 61% showed concern for artificial intelligence and decentralized physical infrastructure networks (DePIN). Additionally, with the approval of spot Bitcoin ETFs in the U.S. and Hong Kong, 53% of respondents gained exposure to cryptocurrencies through funds or ETFs.

ChainCatcher news, according to Alternative data, the cryptocurrency Fear and Greed Index today is 71, down from 73 yesterday, with market sentiment continuing to show "Greed".

ChainCatcher news, Silicon Valley's renowned investor Tim Draper stated on X that he has donated to the campaigns of Harris and Trump, with amounts being roughly equal.He said, "This allows my wife and me to meet both candidates and make a more informed decision. My conclusion is that both candidates are in the right place; although they will set different paths for America, I optimistically believe that either path is positive, and I support both candidates."This action has faced significant public criticism, with Messari founder and former CEO Ryan Selkis stating, "If you are so vile that you cannot support a president (referring to Trump) who does not allow our country to be overrun by illegal immigrant criminals, then what is the point of being a billionaire? Silicon Valley people are truly pathetic."

ChainCatcher news, according to TechCrunch, the African cryptocurrency exchange platform Yellow Card has completed a $33 million Series C funding round, led by Blockchain Capital, with participation from Coinbase, Kraken, OpenSea, and Worldcoin. This round of financing will be used to expand its B2B business. Yellow Card's total funding amount has reached at least $88 million.According to the Web3 asset data platform RootData, Yellow Card completed a $15 million Series A funding round in September 2021, led by Valar Ventures, Third Prime, and Castle Island Ventures, and also completed a $40 million Series B funding round in September 2022, led by Polychain Capital.

ChainCatcher news, according to a report from The Block, a research report released by a16z crypto on Wednesday pointed out that the number of active cryptocurrency addresses and usage rates reached an all-time high this year. The report estimates that as of September, there are approximately 617 million cryptocurrency holders worldwide, with 60 million monthly active users.In 2024, the number of monthly active cryptocurrency addresses is expected to rise to over 220 million, with Base leading the Ethereum EVM chain, having 22 million addresses, while Solana dominates the non-EVM chain with over 100 million addresses. This year also saw the highest number of mobile wallet users, with the United States accounting for 12% of global users.

ChainCatcher news, former U.S. President Donald Trump's second son, Eric Trump, will speak at the Bitcoin MENA conference in Abu Dhabi in December.The Bitcoin MENA conference will be held from December 9 to 10.

ChainCatcher news, according to Protos, Terra founder Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices were not handed over to the investigating judge until June of that year.An official from the Montenegrin special police told Portal ETV that during a search of inmates, including Do Kwon, laptops, mobile phones, cryptocurrency wallet login information, and "other codes to access the blockchain" were discovered.Two sources stated that at least three cryptocurrency transactions were made using Do Kwon's cryptocurrency wallet during his detention. This information was obtained through accounts related to a mobile phone company in Podgorica.

ChainCatcher news, according to the U.S. Department of Justice, U.S. Attorney for the Southern District of New York, Damian Williams, announced that on October 15, 2024, JUAN TACURI, one of the promoters of the cryptocurrency Ponzi scheme Forcount (later known as Weltsys), was sentenced to a maximum of 240 months in prison by U.S. District Judge Analisa Torres.It is reported that the scheme spanned the globe, ensnaring thousands of victim investors ("victims"), primarily targeting Spanish-speaking individuals in the United States. JUAN TACURI profited millions of dollars from the scam and spent the money on items such as real estate and luxury goods in Florida.

ChainCatcher news, the crypto market data aggregation and analysis platform CryptoRand released the global crypto app download ranking for September, with Binance ranking first, reaching 9.9 million downloads. Bitget Wallet, Bybit, and Bitget ranked second, third, and fourth respectively.

ChainCatcher news, according to official sources, Tellor has released the Tellor Layer white paper. The Tellor Layer is an independent L1 blockchain built using the Cosmos SDK, aimed at reaching consensus on any subjective data. It operates through a network of stakers who report the requested data truthfully under economic incentives.TRB will become the native currency of this chain, used for staking, tipping, and voting. All token economics will remain unchanged. Each month, 4,000 tokens will continue to be allocated to the team, and an equal amount of tokens will be distributed as inflation rewards to reporters and validators. Of the time-based rewards, 75% will be allocated to reporters, while the remaining 25% will be allocated to validators.

According to ChainCatcher news, a research report by Tren Finance indicates that some large financial institutions and business consulting firms predict that by 2030, the RWA (Real World Assets) tokenization industry could grow more than 50 times. Most companies expect the RWA market size to reach between $4 trillion and $30 trillion. If a median forecast of about $10 trillion is realized, its value would increase more than 54 times compared to the current level.The RWA industry shows tremendous growth potential, with its current market value at only $185 billion (including stablecoins). Currently, stablecoins dominate the RWA space, with a market share exceeding $170 billion. In contrast, the total value of on-chain tokenized securities and government bonds is only $2.2 billion.As the industry continues to mature, the RWA space may expand into more global financial markets. Tren Finance's research points out that this trend could reshape financial markets and change the way people invest, trade, and hold assets.

ChainCatcher message, Binance will support the renaming of Kaia (KLAY) to Kaia (KAIA). On October 28, 2024, at 11:00 (UTC+8), all existing KLAY spot trading pairs will be removed, and all pending KLAY spot trading orders will be canceled. Binance will reopen the KAIA/USDT trading pair on October 31, 2024, at 16:00 (UTC+8).

ChainCatcher news, recently, the Oak Grove Ventures - Zhejiang University School of Software Blockchain Joint Laboratory team won the first prize at the CCF2024 China Digital Services Conference Service Computing Innovation Competition.This competition is co-hosted by the Teaching Guidance Committee for Software Engineering of the Ministry of Education of China and the Service Computing Special Committee of the China Computer Federation, making it one of the most influential events in the field of computer science in China, and it enjoys a high reputation internationally.The goal of the award-winning project is to utilize new generation information technologies (such as the Internet of Things, artificial intelligence, big data, etc.) to build a wide-ranging, responsive, and highly intelligent water area supervision system. Through technological innovation, this system can significantly enhance the efficiency and accuracy of water area supervision, achieve rapid identification and response to malicious behaviors, provide scientific basis for ecological protection of water areas, and ultimately realize intelligent water area governance. This project not only showcases the team's outstanding capabilities in scientific research and innovation but also highlights their excellent spirit of collaboration.

ChainCatcher news, South Korean lawmaker Min Byoung-dug plans to criticize AVAIL as the second "Hamburger Coin" that raises questions during the parliamentary audit. Note: Hamburger Coin is a virtual asset issued overseas and traded domestically in South Korea, while the local one is Kimchi Coin.The lawmaker has requested data on abnormal trading of AVAIL on Bithumb and is investigating its sudden surge upon listing, potential price manipulation, and the effectiveness of customer protection measures at the exchange.The Financial Supervisory Service, which is investigating this incident, declined to comment and stated: "Mentioning specific tokens or the progress of the investigation may affect market prices, so the principle is that the case is handled and disclosed thoroughly."

ChainCatcher news, according to a document from the Federal Election Commission, the pro-Trump political action committee Trump 47 Committee raised approximately $7.5 million in cryptocurrency, including BTC, ETH, XRP, USDT, and USDC.The political action committee stated that the latest submitted documents cover donations from July 1 to September 30, but the figures include cumulative contributions. The document shows that at least 18 donors contributed over $5.5 million worth of BTC, while another 7 donated about $1.5 million in ETH.

ChainCatcher news, according to Bloomberg, U.S. prosecutors have recommended to the judge that Ilya Lichtenstein, the mastermind behind the largest cryptocurrency theft in history, should be sentenced to five years in prison for his involvement in a money laundering scheme related to the $6 billion hack of the Bitfinex exchange in 2016. According to court documents revealed by the government on Tuesday, Lichtenstein, who pleaded guilty last year, should serve more time than his rapper wife and accomplice Heather Morgan.Last week, prosecutors indicated that Morgan, the rapper who calls herself the "Wall Street Crocodile," should be sentenced to 18 months in prison. Prosecutors stated that Lichtenstein fits the profile of young cybercriminals whose online activities "have become somewhat normalized, thereby diminishing the impact on victims." Government lawyers told a federal judge in Washington, "A harsh sentence in this case will help break this cycle."Prosecutors did not seek the maximum sentence for Lichtenstein but considered his cooperation in other criminal cases. Earlier this year, he testified in the government's prosecution of the Bitcoin Fog mixing service money laundering case. Sentencing is scheduled for November.