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Polkadot proposes moving away from paid marketing toward on-chain user incentives
Polkadot’s community foundation has filed a governance mandate that would crown dotUSD the DAO’s favored stablecoin. This is coming a few days after the token went live. The token is backed entirely by Tether’s USDT, which is not the same as the DOT collateral that its own pitch demanded. The proposal, listed as Referendum 1954...Cryptopolitan
Mon, Oct 12
Bank of England signals no rush on the digital pound weeks before it’s due to decide
The Bank of England does not see any reason to rush the creation of a digital currency for the UK. Sarah Breeden, the Deputy Governor of the Bank of England, made this clear, as the central bank is set to decide before this year runs out whether or not to build a digital pound. Why...Cryptopolitan
Mon, Oct 12
Kazakhstan’s central bank plans to reduce its gold holdings as U.S. Treasury yields surge
Kazakhstan, one of the world’s biggest gold buyers, is preparing to sell some holdings as U.S. Treasury yields soar. Bonds now offer returns that bullion cannot: gold itself pays no interest. The National Bank of Kazakhstan wants gold’s weight in its reserves to reduce from 78% to 75% by year-end. Reserves amounted to 386 tons...Cryptopolitan
Mon, Oct 12
State of TRON Q3 2026 Report Highlights $2.21 Trillion in Stablecoin Settlement Amid Network Activity Growth
Geneva, Switzerland, October 12, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), today highlighted key findings from its State of TRON Q3 2026 ecosystem report. The...NewsBTC
Mon, Oct 12
ZachXBT calls $250K XRP Ledger bug bounty too low for 18-trillion flaw
Blockchain investigator ZachXBT said on Monday that the $250,000 Ripple paid the security firm Veria Labs for finding a bug that could have minted trillions of XRP was far too small. The situation has reignited ZachXBT’s long-running criticism of how Ripple treats researchers. How much did Ripple pay Veria Labs? ZachXBT criticized the $250,000 awarded...Cryptopolitan
Mon, Oct 12
Microsoft deploys own AI chip in cost cutting plan
Microsoft is stepping up its push into custom AI chips with the launch of Azure Maia 300, its third-generation processor, as it looks to move most of its AI workloads to the Maia platform from 2027 and cut its reliance on Nvidia and AMD. Microsoft unveiled the chip at the OCP Global Summit 2026 in...Cryptopolitan
Mon, Oct 12
Norway fines Microsoft subsidiary Xandr $9.6 million over privacy violations with Grindr
Norway’s data protection regulator has hit Microsoft’s advertising arm Xandr with a 92 million kroner ($9.6 million) fine for sharing Grindr users’ sensitive data with advertisers without a legal basis. The penalty will be the largest the agency has ever imposed on a company. Datatilsynet, the Norwegian authority behind the ruling, claimed the data involved...Cryptopolitan
Mon, Oct 12
Tether blocks $10M linked to CryptoBilis Ledger wallet theft
Tether has frozen $10 million of its USDT cryptocurrency after a theft drained up to $93 million in assets from Ledger hardware wallets sold by CryptoBilis, as the investigation into the money flow continues and Ledger claims the problem is isolated. Confirmed information provided by Ledger so far The French cryptocurrency wallet maker has yet...Cryptopolitan
Mon, Oct 12
SkyAI sells half its SOL to fund $201M buyback and keep Forward out
SkyAI plans to spend roughly $201 million buying back up to 95% of its shares and warrants at $3.00 each. The company plans to sell half of the Solana treasury it spent the past year building to fund the buyback. The move essentially rejects a takeover bid from Forward Industries. Will SkyAI buy back its...Cryptopolitan
Mon, Oct 12
Strategy spends 9x more on preferred stock than Bitcoin with $192M STRC buyback
Michael Saylor’s Strategy (NASDAQ: MSTR) spent roughly nine times the $21.5 million on buying 250 BTC during the period between October 5 and 11 on repurchasing its own STRC preferred shares, which it directed $192.4 million into. Strategy confirmed the nine-to-one STRC-to-BTC purchase in its 8-K filing with the Securities and Exchange Commission (SEC) on...Cryptopolitan
Mon, Oct 12
Intel’s Tan joins Nvidia in defending Chinese open-weight AI
Intel (NASDAQ: INTC) CEO Lip Bu Tan specifically commended DeepSeek, Kimi and GLM during a speech at a panel hosted by Singapore lender DBS, where the chief executive of the Washington-backed chipmaker praised Chinese frontier AI models as “good enough.” Tan’s Monday comments echoed earlier sentiments shared by Jensen Huang, the CEO at Nvidia (NASDAQ:...Cryptopolitan
Mon, Oct 12
IMF claims AI investment supports global growth at about 3%, boosts Asian economies
AI infrastructure spending is helping the global economy maintain growth of around 3%, while creating a financial windfall for Asian hardware suppliers, IMF Managing Director Kristalina Georgieva said in Bangkok, where finance officials gathered for the Fund’s annual meetings. An investment shock cushioning the energy supply problem Georgieva described the AI boom as both a...Cryptopolitan
Mon, Oct 12
TSMC to post sixth straight record quarterly profit due to AI boom
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post its sixth consecutive record quarterly profit when it reports results on October 15. Analysts forecast net income of about NT$746.3 billion ($23.4 billion), with demand for AI chips continuing to rise amid the general AI boom. Analysts expect TSMC’s third-quarter net profit to rise about 65%...Cryptopolitan
Mon, Oct 12
Microsoft president calls for more AI regulation, claims milk more "regulated" than AI
Brad Smith, Microsoft’s president, has told the BBC that AI is currently working with fewer safety rules than commodities like milk or washing machines, and this should push governments, with the UK out front, to write binding controls, including kill switches and mandatory reporting when AI agents misbehave. Smith made the comparison in a BBC...Cryptopolitan
Mon, Oct 12
Based co-founder Edison responds as card breach exposes cardholder IDs
Based co-founder Edison said the company has alerted Singapore’s data regulator and filed a police report following a recent breach. The incident happened on October 5, and the company reported that the internal dashboard behind its Visa card program may have exposed cardholders’ names, passport numbers, birth dates and home addresses. What update does Based...Cryptopolitan
Mon, Oct 12
Kraken receives full VARA greenlight to offer spot and margin product trading in the UAE
Kraken, through its parent entity Payward, has officially expanded into the UAE with a full crypto brokerage, management and investment license from Dubai’s Virtual Asset Regulatory Authority (VARA), just months after it received its preliminary approval. The approval now allows Kraken to onboard both retail and institutional investors. Kraken had for years tried to enter...Cryptopolitan
Mon, Oct 12
Ledger confirms CryptoBilis implant; other wallet buyers seek answers
OneKey Founder and CEO Yishi Wang has announced that the hardware wallet maker’s “dealer network will shrink significantly,” after a full review of previously certified dealers, while those with “unverifiable operating entities or unclear ultimate beneficiaries will have their authorization revoked and be removed from the official website.” Yishi also said OneKey has revoked CryptoBilis’s...Cryptopolitan
Mon, Oct 12
Bitcoin Price Forecast: BTC struggles as ETF outflows, geopolitical uncertainty weigh
Bitcoin (BTC) steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot Exchange Traded Funds (ETFs) recording $681.10 million in net outflows last week, ending a three-week streak of inflows.
Fxstreet
Mon, Oct 12
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