Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation. Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations. Key points: Data from TradingView showed crypto, gold and stock-market futures dropping after the release of Consumer Price Index (CPI) for September. Read more
Even if Justin Drake’s prediction that AI could break cryptography proves correct, critics say “bunker mode” is an impractical suggestion that’s unlikely to protect your crypto. If rising geopolitical tensions weren’t enough cause for concern, now it’s crypto’s turn to go nuclear. The industry is busy debating a cryptography doomsday scenario in which attackers derive private keys from public keys using a formerly far-fetched, but now potentially credible, AI scenario that places everyone’s crypto at risk. Ethereum researcher Justin Drake called for “bunker mode” planning last Wednesday, citing “humbling” advances in artificial intelligence that could accelerate the discovery of mathematical attacks and ultimately “break” cryptography: Read more
Remittance-sized crypto transfers from Canada to three Asian countries reached $2.36 billion, while transfers to the Philippines alone rose 28% to $61 million. Remittance-sized crypto transfers from Canada to India, China and the Philippines surged 141% year-over-year to $2.36 billion, as digital asset payments expanded across the three major remittance corridors. According to a new Chainalysis report, the three countries accounted for 19.4% of Canada’s outbound cross-border stablecoin value, up from 10.9% in the previous year. Transfers totaled 3.56 million transactions in the 12 months ending June 2026, averaging $663 per transaction. Referring to additional data shared with Cointelegraph, Chainalysis head of research Eric Jardine said Canada-to-Philippines crypto remittances alone reached $61.02 million across 73,564 transactions, up 28% and 34.7%. The analysis covers Bitcoin and stablecoins above $10,000 to and from personal wallets. Read more
Qivalis said the Electronic Money Institution authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months, subject to additional MiCA requirements. European banking consortium Qivalis received Electronic Money Institution (EMI) authorization from the Dutch central bank, bringing it closer to issuing a euro-denominated stablecoin. The Amsterdam-based company revealed the license from De Nederlandsche Bank (DNB) in a Wednesday announcement shared with Cointelegraph. Qivalis said the EMI license subjects it to ongoing supervision by the central bank and makes it eligible to issue euro-denominated electronic money tokens. Read more