Category: News
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Bitcoin Whales Are Buying The Dips
Bitcoin’s recent market fluctuations have caught the attention of savvy investors. Notably, Bitcoin whales—individuals or entities holding large quantities of Bitcoin—are seizing this opportunity to buy the dips. Market Trends and Whale Activity As Bitcoin’s price hovers around $60,000, Bitcoin whales are strategically increasing their holdings. Despite a noticeable price drop, July 1st saw a…
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TAO dumps 15% after hack halts chain
The Bittensor blockchain was temporarily halted after an attack on several user wallets, causing a 15% drop in TAO prices after the hack . Investigations are ongoing into the attack, which is suspected to have been caused by a private key leakage. Bittensor has been put into “safe mode” to prevent further transactions until more…
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Aave DAO Introduces GHO Stablecoin
Aave DAO Launches GHO Stablecoin on Arbitrum Network Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability…
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Polkadot Spends $37 Million on Marketing: An Analysis
Polkadot, a major player in the blockchain world, has recently come under scrutiny for its significant marketing expenditure. The company reportedly allocated a staggering $37 million to marketing efforts in the first half of 2024. This article delves into the details of Polkadot’s marketing strategy, the community’s reaction, and the potential implications for the future.…
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Coinbase partners with US Marshal service
The US Marshals Service (USMS) has awarded Coinbase Prime a $32.5 million contract to safeguard and trade its large-cap digital assets. This decision, made after thorough due diligence by the USMS, part of the US Department of Justice responsible for asset forfeiture, highlights Coinbase Prime’s reputation for strong security and reliable service. Many institutional investors…
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Sony acquires Amber platform to get into crypto
Sony, Japan’s multi-industry conglomerate, is preparing to launch a cryptocurrency exchange subsidiary by revamping the local trading platform WhaleFin, which it acquired last year. The platform has been renamed S.BLOX Co., which plans to collaborate with Sony Group’s other businesses to generate additional value for its crypto trading services. The exact launch date of the…
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Steady Growth of Crypto ATMs in 2024 Despite June Dip
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline. However, installers added 377 new ATMs during the month. Since January 2024, data shows companies have deployed a total of 2,564 crypto ATMs globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was…
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US Judge lets most of SEC case against Binance proceed
A federal judge dismissed part of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against crypto exchange Binance and founder Changpeng Zhao, but allowed other charges, including those against the holding company for Binance.US, to proceed. Judge Amy Berman Jackson of the District Court for the District of Columbia ruled that the SEC’s charges related…
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Consensys Challenges SEC Charges: Asserts Metamask is Beyond SEC Jurisdiction
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On…
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21shares files for spot Solana ETF
Solana ETF bids have started to trickle in at the SEC as Wall Street is abuzz with cryptocurrency talk and the digital asset regulatory scene shifts course. Following VanEck’s punt for a Solana (SOL) Trust, fellow wealth manager 21Shares has filed its “21Shares Core Solana ETF” with the Securities and Exchange Commission (SEC), documents submitted…