Author: Sahil Thakur
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MiCA Deadline Looms: Uncertainty Clouds Tether’s USDT in Europe
As the European Union’s Markets in Crypto-Assets (MiCA) regulation nears its December 30, 2024 deadline, uncertainty surrounds Tether’s USDT stablecoin. The lack of clear directives from European regulators has created a split among major cryptocurrency exchanges on how to proceed. Coinbase Leads Precautionary Measures In mid-December, Coinbase delisted USDT in Europe, citing compliance concerns with…
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North Korean Hackers Linked to $308 Million DMM Bitcoin Heist
Japanese and U.S. authorities have formally attributed the $308 million cryptocurrency theft from DMM Bitcoin in May 2024 to North Korean cyber actors. The U.S. Federal Bureau of Investigation (FBI), Department of Defense Cyber Crime Center, and Japan’s National Police Agency identified the attackers as members of the TraderTraitor group, also known as Jade Sleet,…
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Justin Sun Transfered $244.9 Million in Ethereum to HTX on Christmas Eve
Justin Sun, the founder of Tron, moved 70,182 Ethereum (ETH) worth $244.9 million to HTX (formerly Huobi) on Christmas Eve. The transaction, highlighted by Spot On Chain, included 42,905 ETH unstaked from Lido Finance, a decentralized liquid staking platform. An additional 27,277 ETH came from Etherfi, bringing his total deposits to HTX in late December…
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Binance Launchpool’s First DeSci Project: BIO Protocol
Binance has unveiled BIO Protocol (BIO) as the 63rd project on Binance Launchpool, marking a significant milestone for Decentralized Science (DeSci). BIO Protocol aims to transform biotechnology by enabling global communities to fund, develop, and own tokenized biotech projects and intellectual property (IP). Users can stake BNB and FDUSD to earn BIO tokens starting December…
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Tectum Launches Strategic TET Token Buyback Program
Tectum, a Layer-1 blockchain, has announced a TET token buyback program to strengthen its treasury and drive sustainable growth. The initiative aims to enhance the token’s utility, boost ecosystem stability, and create value for TET holders. Alexander Guseff, Tectum’s Founder and CEO, emphasized the program’s importance, stating, “This buyback initiative is a testament to our…
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GraniteShares Files for Leveraged Crypto-Related ETFs
GraniteShares has filed for new leveraged ETFs aimed at tracking companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. The filing was submitted on December 20, signaling the growing popularity of crypto-related ETFs in a bullish market. The ETFs will include both 2x long and 2x short funds. For instance, the GraniteShares 2x Long…
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Ripple Leads $8 Million Crypto Donations to Trump-Vance Inauguration
Ripple has announced a $5 million XRP donation to support the inauguration celebrations for President-elect Donald Trump and Vice President-elect J.D. Vance. The contribution is part of a broader trend of crypto firms supporting the upcoming administration. Major Crypto Firms Step In Coinbase and Kraken have each contributed $1 million to the Trump-Vance Inaugural Committee,…
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Deutsche Bank To Develop Eth Based L2 : Report
Deutsche Bank is building a Layer 2 solution under Project Dama 2 to address regulatory concerns around public blockchain adoption. The initiative is part of the bank’s broader strategy to make public blockchains viable for institutional use. This according to a report on Bloomberg. Project Dama 2: A Solution for Public Blockchain Risks The German…
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Ripple Launches RLUSD Stablecoin on both Ethereum and XRP’s Ledger
Ripple has officially launched Ripple USD (RLUSD), its U.S. dollar-backed stablecoin, across major crypto exchanges. The launch comes after regulatory approval from the New York State Department of Financial Services (NYDFS), solidifying Ripple’s presence in the growing stablecoin sector. RLUSD Goes Live on Ethereum and XRP Ledger The RLUSD stablecoin is natively available on both…
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ION Power Grid to Launch $IONP Token on 18th Dec
The ION Power Grid Association has announced the launch of $IONP, the world’s first energy-backed token, on December 18. This token merges blockchain technology with real-world energy infrastructure, aiming to transform the global electricity landscape. Redefining the Energy Market The ION Power Grid Association, a non-profit organization based in Salzburg, Austria, focuses on three core…