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Crypto Re-Staking Platform Attracts $18.8 Billion
1.6.2024
The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $100 million in funding from Andreessen Horowitz’s crypto...
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
31.5.2024
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's (SEC) crypto accounting policy
Metaplex Announces Introduction of Hybrid Defi Protocol for Solana
31.5.2024
Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers...
Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more
31.5.2024
This week’s Crypto Biz explores Solana’s comeback, BlackRock funds’ growing exposure to Bitcoin, Riot Platforms’ bid for Bitfarms, Semler Scientific using BTC as a treasury reserve, and more
Paraguay seizes 2,738 ASICs as power theft crackdown continues
31.5.2024
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...
Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined
31.5.2024
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins
Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale
31.5.2024
Nigerian artist Davido has been accused of perpetrating an “outright scam” after pocketing over $468,000 from selling his recently launched meme coin. A prominent Nigerian crypto enthusiast claims Davido’s actions create problems for many legitimate crypto businesses and startups...
Conviction Fails to Deter Donald Trump’s 2024 Election Odds, According to Polymarket Bets
31.5.2024
Following the landmark news of former President Donald Trump’s conviction on 34 counts related to a hush-money scheme allegedly influencing the 2016 election, data from the Polygon-powered prediction market Polymarket shows Trump still leading in forecast bets for the 2024 election. Convicted...
Trump convicted: Is the pro-crypto presidential candidate at risk?
31.5.2024
Donald J. Trump is officially a criminal after being convicted for concealing a sex scandal with pornstar Stormy Daniels. Does U.S. law permit a criminal to become President?
Transak and Cometh Launch Industry-First Fiat-to-Layer 3 Crypto Onboarding Solution
31.5.2024
Transak, a Web3 payments provider, has teamed up with blockchain development platform Cometh to introduce a streamlined fiat-to-Layer three (L3) onboarding solution. This new system reportedly simplifies the purchase of crypto assets directly on Cometh’s L3 blockchain, Arbitrum Orbit....
U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
31.5.2024
AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's Consensus 2024 that the momentum will continue next...
Ignite Your Investment Journey with HotDonkey: Pre-Sale Launch – Be a Part of the Hot Crypto Evolution
31.5.2024
PRESS RELEASE. Introducing HotDonkey, a revolutionary new memecoin set to redefine the cryptocurrency landscape. HotDonkey is more than just another digital currency; it is a vision, a movement, and a catalyst for transformative change in the world of finance. With its innovative approach...
TradFi execs say crypto derivatives will play larger role in Bitcoin’s future
31.5.2024
Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs
Crypto losses: $200 million in 2024 due to hacks, rug pulls
31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...
Bitdeer Announces $100 Million Investment From Tether
31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...
Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach
31.5.2024
DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May...
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
31.5.2024
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for...
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
31.5.2024
Measures have been taken to prevent further unauthorized outflows, the exchange said
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
31.5.2024
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner...