By Shikha SIngh
Transak Secures Money Transmitter License in Alabama.
Transak USA LLC, a major web3 payments infrastructure provider, earned its first Alabama Securities Commission Money Transmitter License (MTL).
This result shows the company’s commitment to regulatory compliance as they extend bitcoin services nationwide.
The MTL improves security, transaction processing, and cryptocurrency support, boosting Transak’s credibility.
DOJ & SEC Push Supreme Court to Revive Nvidia Securities Fraud Lawsuit.
As the US Solicitor General and SEC try to resurrect a 2021 Nvidia class action lawsuit, support has grown.
According to the 2018 complaint, Nvidia misled investors by overstating its crypto-related revenues, generating considerable financial losses.
Nvidia earned 18% of their $400 million crypto forecast.
Nvidia was fined $5.5 million by the SEC for failing to disclose crypto mining’s effect on gaming.
With growing legal backing, the case might affect business openness, especially in high-risk industries like bitcoin.
IMF Intensifies Push For El Salvador to Rein in Bitcoin & Tighten Crypto Regulations.
The IMF has again encouraged El Salvador to modify its Bitcoin policy and tighten its regulatory environment.
An October 3 news conference by IMF officials raised worries about Bitcoin’s legal currency status in the nation and recommended stronger control and public sector exposure limits.
Although certain projected concerns have not yet materialized, the IMF remains wary about Bitcoin’s financial system integration.
BTC Miner Hut 8 Pivots to AI as BTC Profits Dry Up.
Bitcoin miners are turning to AI for profit as block payouts decrease.
Highrise AI, a subsidiary of Hut 8, a prominent U.S. miner, offers GPU-as-a-Service employing 1,000 Nvidia H100 GPUs to power HPE Cray supercomputers.
Other mining businesses like Core Scientific and Bitdeer have also switched to AI services to capitalize on GPU demand.
First Telegram ICO Dogizen Goes Live.
On October 4, 2024, tap-to-earn (T2E) game Dogizen released its much anticipated presale, generating almost $110,000 in two hours.
The first Telegram ICO, the DOGIZ token presale, takes place.
Dogizen hopes to capitalize on Telegram’s 950 million users and burgeoning mobile gaming industry.
The Dogizen Universe will provide a Developer SDK, launchpad, and arcade for developers to build games and earn cash from advertisements and partnerships.
This revenue-sharing approach benefits DOGIZ holders. Dogizen, together with Hamster Kombat and Catizen, might list on Binance with 1.3 million players.
Coldplay Heads to Roblox with Multi-Game Takeover.
Coldplay is promoting their tenth studio album with a Roblox activation alongside Gamefam, Warner Music Group, and Parlophone Records.
The event offers a cross-game quest spanning four popular Roblox games: Car Dealership Tycoon, Tower of Misery, Starving Artists, and Really Easy Obby, targeting 79 million daily players.
Players may earn Alien Head and Angel Moon Head avatars by listening to new Coldplay songs and completing “Moon Music” objectives.
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