Main Cryptocurrency News: Hacks, New Standards, and Visa Integration

On Monday, October 19, the crypto industry faced a number of significant events. From the hacking of Qubic wallets to new steps in scalability from Ethereum.

Key news of the day covers both technical innovations and regulatory changes.

Ethereum developers are actively promoting STARK proofs to improve network efficiency. At the same time, Mara announced the sale of part of its bitcoins.

The largest blockchain, BNB Chain, conducted a scheduled burn of BNB tokens, supporting the asset's deflationary model.

The integration of traditional finance and Web3 continues at an accelerated pace. JPM Coin was launched on the Ethereum network, expanding institutional settlement capabilities.

Payment systems are also adapting to new realities. Mastercard is introducing stablecoin verification tools, and crypto wallets will begin integrating with the Visa network.

Regulators in different countries are responding to market growth differently. In Russia, work has begun on regulating crypto arbitrage, while India is seeing a significant premium on USDT.

Some projects are facing difficulties or ending their operations. Echo Protocol announced its closure, while BitMine continues active ETH purchases.

Among other important events: Sparkassen's launch in cryptocurrency trading, Elon Musk's plans to distribute SpaceX shares to children, and an interview with Justin Sun.