African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor.  Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that businesses increasingly see stablecoins as a way to resolve payment problems that have complicated trade across African markets.  Drawing on his experience building the company and working with merchants, he identified commercial payments, supplier settlements and cross-border payouts as areas of growing demand. In his account, interest is strongest where businesses face slow transfers, high costs, or difficulty obtaining liquidity.  Stablecoins address supplier payment delays and dollar access  Before founding Kora, Nsofor ran a hardware business in Nigeria, where paying a manufacturer in China could take 10 to 14 days, he recalled. Transfers passed through several correspondent banks, and an error could extend the wait.  For companies trying to trade or expand into another market, he said, receiving and settling money efficiently comes before other financial activity.  “They are solving a practical problem first. Businesses are seeing a way to move and settle value across borders more efficiently, and that creates the foundation for other financial activity.”  According to the payments executive, stablecoins can provide a dollar-based

10-02انڈسٹری

Bitgets $388M hack pushes Q3 crypto security losses past $1B

Losses from crypto security incidents climbed to $1.26 billion in the third quarter of 2026, largely driven by the $387.5 million hack of crypto exchange Bitget.  Losses rose 53.9% from $819.4 million in Q2, while the number of security incidents increased about 13% from 219 to 247, according to data from blockchain security company CertiK.  The Bitget hack accounted for about 31% of Q3 losses, making it the quarter‘s largest recorded incident under CertiK’s methodology. Liquid Networks $319 million exploit on Sept. 6 ranked second, followed by Tectonic at $120 million and the $112.7 million Coldcard theft.  Largest crypto industry incidents in Q3 2026 tracked by CertiK. Source: CertiK  CertiK recorded roughly $769 million in losses across 99 security incidents in September. About $273 million was frozen or returned, leaving adjusted losses of $495.3 million. Across 58 incidents, exploits accounted for $734 million, or nearly 96% of the months losses.  Bitget detected unauthorized transfers from some of its hot wallets on Sept. 24 and suspended withdrawals. The company said attackers exploited a vulnerability in a third-party security product to obtain internal credentials and forge withdrawal commands.  Related: SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit

10-02انڈسٹری

Heres what happened in crypto today

Today in crypto, New York and Wyoming agreed to coordinate oversight of crypto companies, Binances use of an EU licensing exemption drew regulatory scrutiny and MetaMask began exiting affected Ethereum staking validators while investigating an undisclosed security incident.  New York, Wyoming team up on crypto oversight  Regulators in New York and Wyoming have agreed to coordinate oversight of crypto companies operating across both states, including licensing reviews, examinations and enforcement actions.  The agreement between the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking will allow the regulators to share supervisory information and historical examination data. They also plan to coordinate examination schedules and could conduct joint reviews of firms operating in both jurisdictions.  Crypto companies already regulated in one state could also get a faster path to approval in the other. Firms that have held a license or charter for at least three years without facing enforcement action may qualify for an expedited review, with regulators targeting a decision within six months.  The pact also allows New York and Wyoming to share investigative information and coordinate potential enforcement actions.  The partnership brings together two states with markedly different approaches to crypto. New York has operated its stringent BitLicense regime since

10-02انڈسٹری

SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto

In briefThe SEC proposed a tailored framework for how registered investment advisers and regulated funds can custody crypto, seeking to clarify which arrangements satisfy the “qualified custodian” standard that has long kept firms hesitant to offer digital-asset strategies.The plan would permit self-custody under certain conditions, allow state trust companies to serve as custodians, and update audit and broker-dealer custodial rules.Its the latest in the SECs post-Clarity Act build-out, alongside the innovation exemption and Regulation Crypto Assets.  The Securities and Exchange Commission is moving to settle one of the thorniest questions in institutional crypto: how professional money managers are supposed to hold the assets.  The agency on Wednesday proposed a tailored framework governing how registered investment advisers and regulated funds can custody crypto, aiming to replace years of regulatory ambiguity with a clear compliance path.  Myriad: Who wins the midterm elections? Click to make your prediction.  Advisers are required to keep client assets with “qualified custodians” that meet strict safekeeping standards, but it has long been unclear which crypto arrangements satisfy that bar, leaving many firms hesitant to offer digital-asset strategies at all.  The proposal, issued under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, would ease that bottleneck in several

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Claude AI Predicts ADA: Nine Years of Compression Ends?

Brazils state oil giant is piloting Cardano to verify fuel emissions claims. Separately, Cardano joined the x402 SDK, letting AI agents pay in ADA. Two adoption stories in one week, and ADA has climbed nearly 20%. Claude AI predicts ADA faces a critical test, as the token pushes against a resistance level maintained for nearly nine years. Neither announcement generates immediate token demand.  For now, ADA trades at $0.2468, flat on the day after that weekly run.  Two research projects, both about proving environmental claims rather than moving money. The first covers sustainable aviation fuel. Under the book-and-claim model, airlines can buy the environmental benefit of cleaner fuel even when that fuel is burned elsewhere, which creates a double-counting problem.  Cardano records who owns each benefit and whether it has been claimed. The second track, Diesel R, Petrobrass diesel made partly from vegetable oils and animal fats. Here, the ledger builds a production-to-use history that supports Scope 3 emissions reporting.  Frederik Gregaard, CEO of the Cardano Foundation, framed it as continuity rather than a breakthrough: “Brazil has been one of the most consistent adopters of Cardano. Its great to see Petrobras continue to see value in on-chain provenance.”  The important caveat is scale. Both projects

10-02انڈسٹری

Reddit Is Killing RSS Feeds and Public API Access to Fight AI Scrapers

In briefReddit will stop supporting RSS feeds on November 13, 2026, and says there is no replacement for anyone using them outside communities they moderate.New public API requests stop October 31, 2026, and all remaining public access closes in March 2027, with apps pushed to Reddits Developer Platform and a $1 million migration fund.Reddit cites scraping and automated abuse, and has struck AI data deals with Google and OpenAI while suing Anthropic and Perplexity.  Reddit is shutting two of the main ways outsiders pull data from the site. The company said in an announcement yesterday that RSS feeds will stop working on November 13, and public access to its API closes in March 2027.  “In August, we shared plans to modernize Reddit‘s infrastructure, build better mod tools, and make it harder for bad actors to scrape Reddit and abuse communities. Today, we have specifics on what’s changing, when, and how to plan ahead,” Reddit said.  CS2 knife index next move: Pump to $220 or Dump to $110? Click to make your prediction.  RSS is a simple feed that lets an app check a page for new posts automatically. An API, short for application programming interface, is a front door that lets software request data

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Feds Jefferson signals patience as October rate hike odds fall to 23%

Federal Reserve Vice Chair Philip Jefferson has signaled that officials may need more time before changing rates again, as Polymarket odds cited in the latest report have fallen to 23% for an October hike from about 70% last week.  The Federal Reserve published Jefferson‘s Oct. 1 remarks to the University of Virginia’s Darden School of Business, where he said future policy changes should depend on economic trends, the outlook and the balance of risks. His speech followed a week in which traders reduced bets on another increase at the Oct. 27–28 meeting.  Jeffersons patience lowers expectations for an October Fed rate hike  After backing Septembers quarter-point increase, Jefferson said officials would need to form their own assessment of economic conditions before deciding on another move.  “My colleagues and I will need to come to our own judgment, which may take more time.”  In the same speech, he pointed to rising bond yields across maturities since the September meeting, describing the increase as a sign that investors were reassessing the economy. With additional data, he said, officials could better judge inflation trends and the appropriate policy setting.  Jefferson also maintained that inflation risks remained tilted upward, citing geopolitical developments and stronger-than-expected demand. His stated baseline was for

10-02انڈسٹری

Bitcoin Price Enters October Near $85K—Now $95K Is Back in Play

Bitcoin closed September at $83,563, above several closely watched onchain and technical levels as October begins with a historically bullish seasonal backdrop. But the next move may depend less on “Uptober” history and more on ETF demand, jobs data, and whether BTC can hold the $82,000 area.  Key TakeawaysBitcoin closed September at $83,563, above key onchain and technical support levels, and recently traded near $85,000.ETF and Strategy buying strengthen BTCs setup as leverage cools into a historically strong October.The key test now is holding $82K and breaking $87.5K as U.S. jobs and CPI data arrive.  Bitcoin Sits Near $85K as Uptober Meets ETF and Jobs Test  Bitcoin is entering October with momentum, fresh institutional demand, and one of its strongest seasonal patterns behind it.  BTC ended September at $83,563, comfortably above its estimated $54,000 realized price and the 200-week moving average near $66,000, according to data shared by analyst PlanB. Around 71% of bitcoin supply was in profit at month-end. As of this writing, the top cryptocurrency by market cap is sitting near a price of $85,000 on Oct. 1, showing a gain so far on the short-lived month.  From 2013 through 2025, bitcoin has posted positive October returns in 10 of 13 years, with

10-02انڈسٹری

XRP is becoming collateral for real loans and the first market is already dominated by whales

XRP is beginning to support live dollar borrowing on Ethereum, though the market remains heavily concentrated among a handful of borrowers.  Related Asset XRP #5 XRP · $1.50 24-hour change: up 0.80% Loading price history… 24H Up 0.80% 7D Down 1.56% 30D Up 11.08%  A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in outstanding loans against 10.76 million FXRP as of Oct. 1. The three largest addresses accounted for almost all of that debt, limiting how far the activity can be read as broad adoption.  The market, launched in August through Flare, lets XRP holders mint FXRP, move it to Ethereum, and borrow Ripples RLUSD stablecoin without immediately selling their XRP exposure.  Related Asset Ethereum ETH · $2,702.04 24-hour change: up 1.06%  That adds a new credit use case for XRP, but also introduces bridge, collateral, and redemption dependencies that borrowers do not face when holding native XRP directly.  Three borrowers dominate XRPs emerging credit market  The early borrowing activity is heavily concentrated among a small number of participants.  Related Asset Ripple USD RLUSD · Stablecoin  The three largest addresses account for 93% of roughly $7.2 million in outstanding debt, giving a handful of positions outsized influence over the markets size.

10-02انڈسٹری

Circle urges MiCA changes as only 3 of top 30 stablecoins comply

Circle has urged EU policymakers to revise MiCA‘s stablecoin issuance and reserve rules after its EU policy director said only three of the world’s 30 largest stablecoins comply with the framework.  SummaryOnly USDC, USDG and EURC meet MiCA rules among the top 30 stablecoins, Hansen said.Circle wants EU regulators to preserve issuance arrangements involving European and overseas affiliates.The issuer supports replacing mandatory bank deposit thresholds with rules based on reserve liquidity.Circle‘s proposal draws on the U.S. GENIUS Act’s framework for recognizing foreign stablecoin issuers.  Circle, in its Oct. 1 policy submission, called for changes covering cross-border issuance, reserve assets and recognition of foreign-regulated stablecoins. The company said Europe has authorized roughly 30 e-money tokens, but its rules still cover relatively few of the largest tokens used globally.  Patrick Hansen, Circles director of EU strategy and policy, said:  “only 3 of the top 30 are MiCA-compliant today”  Hansen identified USDC, USDG and EURC. Circles accompanying policy post compared the top 25 stablecoins by market capitalization rather than the top 30, while naming the same three compliant tokens.  You might also like:  Circle executive says stablecoin restrictions could cost the US $1 trillion  Circle wants MiCA to preserve cross-border issuance  Under the arrangement Circle wants to retain, a licensed European entity

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