Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses
4.7.2024
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised...
Bitcoin Core devs set up new policy aimed at handling ‘critical bugs’
4.7.2024
Bitcoin Core developer Antoine Poinsot said there is a dangerous perception that Bitcoin Core is free of bugs, noting it is “dangerous and, unfortunately, not accurate.”
Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty
4.7.2024
A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were mistakenly sent to his crypto wallet. After the influencer revealed the incident, well-wishers in the crypto community, impressed by the student’s honesty, began...
Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business
4.7.2024
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over...
Bitcoin falls below $58K for the first time in 2 months
4.7.2024
The price of Bitcoin briefly dropped as low as $57,900 amid a wider sell-off in the crypto market
‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles
4.7.2024
Mentions of “buy the dip” on Reddit, X, 4chan and Bitcoin Talk doubled over the last two days as Bitcoin has fallen to lows unseen in months
Kamala Harris memecoin surges 250% amid calls for Biden to bow out
4.7.2024
A Joe Biden-themed memecoin tanked nearly 75% since his debate against Donald Trump last week, while his possible replacement’s memecoin has surged
CFTC Wins Case Against Crypto Fund Operators
4.7.2024
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment...
When Do Secondary Token Sales Violate Howey?
4.7.2024
A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB
Top crypto analysts bet big on ‘BlockDAG Network’ in 2024 after comparison with Kaspa future, & Uniswap (UNI) price
4.7.2024
As the crypto market continues its rollercoaster ride, discerning investors seek projects with solid foundations and exponential growth potential. Enter BlockDAG, a groundbreaking layer 1 cryptocurrency that’s rapidly capturing investor interest with its cutting-edge technology and ambitious...
DWF Labs launches $20M fund for Web3 projects in China
4.7.2024
The Cloudbreak Fund will invest in gaming finance, social finance, memecoins, derivatives, and layer-1/layer-2 projects across Chinese-speaking regions
Dogwifhat on Vegas Sphere team ‘90% confident’ plan will go ahead
4.7.2024
One of the organizers behind the crowdfunding initiative says discussions with the Las Vegas Sphere are progressing and is confident the plan will eventually go ahead