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Sonic Co-Founder Andre Cronje Criticizes Ethereum L2 Appchain Adoption
16.10.2024
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero...
Trump’s World Liberty Financial Token Sale Kicks Off: 644M Tokens Sold
16.10.2024
On Tuesday, former President Donald Trump announced on X that the “World Liberty Financial token sale is now live.” He added that “crypto is the future” and urged everyone to adopt “this incredible technology.” At the moment, the price for one WLFI token...
Tesla Makes a Surprise Bitcoin Move: $225M in BTC Transferred After 2 Years
15.10.2024
Elon Musk’s Tesla has moved bitcoin (BTC) for the first time in two years, according to onchain data discovered by Arkham Intelligence. The transaction was carried out in three separate batches, transferring a total of around 3,385 BTC—equivalent to approximately $225...
Blockstream Completes $210 Million Convertible Note Financing Round
15.10.2024
Blockstream, a bitcoin infrastructure firm, announced on Tuesday the successful closure of a $210 million convertible note financing round, led by the investment firm Fulgur Ventures. According to the firm, the funds will be directed toward accelerating the adoption and development...
Bitcoin Hits $67.9K Mark, Short Positions Liquidated in Wake of Price Climb
15.10.2024
At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $67,922. By 10:20 a.m., it was still riding high, trading between $66,905 and $67,101, marking a nearly 3% increase. This uptick pushed bitcoin’s seven-day gains to 6.7% against the U.S. dollar. According to recent data...
Solv Protocol Raises $25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $330B in Value
15.10.2024
Solv Protocol has raised $11 million in a strategic funding round, bringing its total funding to $25 million at a valuation of $200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round...
AED Stablecoin Gets Green Light From UAE Central Bank
15.10.2024
AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin...
Monochrome Asset Management Launches Ethereum ETF in Australia
15.10.2024
Monochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage...
US Senator Sounds Alarm on 3 Major Crypto Threats — Could Digital Assets Be in Danger?
15.10.2024
Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could...
Metaplanet Buys 106 BTC, Total Holdings Now Valued at $56M
15.10.2024
Metaplanet, a company listed on the Tokyo Stock Exchange, has once again expanded its bitcoin (BTC) reserves. On Monday, the firm revealed the purchase of 106.976 BTC for approximately ¥1 billion. This acquisition comes shortly after a similar buy last week, where 108.99 BTC was added to...
Kenya Launches Digital and AI Skills Center
13.10.2024
Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with...
Jailed Binance Employee’s Bail Application Denied Despite Medical Needs
12.10.2024
The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health...
Uniswap Labs Introduces Scalability-Focused Ethereum L2
11.10.2024
Uniswap Labs has announced Unichain, its Ethereum Layer-2 solution aimed at streamlining the user experience for those leveraging its services. The organization specified that Unichain would be built as part of Optimism’s Superchain, designed specifically with decentralized finance in mind....
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
11.10.2024
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry...
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
11.10.2024
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates...
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
10.10.2024
On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed...
Ripple Launches ‘Bank-Grade’ Crypto Custody Solution
10.10.2024
Ripple has announced updates to Ripple Custody, enhancing its “bank-grade” custody technology. The latest features include a transaction screening service integration, additional hardware security module (HSM) options, and an XRPL integration for tokenizing Real World Assets (RWA)....
Wisdomtree Introduces ‘Earn-Until-You-Spend’ Feature in Onchain Personal Finance App
10.10.2024
Wisdomtree, Inc. (NYSE: WT) has announced the launch of a new yield-bearing feature in its onchain personal finance app, Wisdomtree Prime, allowing users to take advantage of the “Earn-Until-You-Spend” capability. This feature enables users to utilize their investments in the Wisdomtree...
P2P Exchange El Dorado Debuts Gasless Tron-Based USDT Transactions in Latin America
10.10.2024
El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs associated. This aims to promote the adoption of the Tron...
Kraken Survey Reveals 59% of Crypto Investors Favor Dollar-Cost Averaging
9.10.2024
A recent survey by Kraken reveals that a significant 83.53% of crypto investors have used dollar-cost averaging (DCA), with 59% employing it as their primary investment strategy. The survey, which polled 1,109 crypto investors, delved into the real-world effectiveness of DCA in helping investors...