Category: News
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FBI Launches Fake Cryptocurrency Token, NexFundAi
The FBI launched “Operation Token Mirrors,” an unprecedented sting operation using a fake cryptocurrency, NexFundAI, in a bid to expose fraudulent activity in the crypto market. Designed as an Ethereum-based token, NexFundAI helped law enforcement identify 18 individuals and companies involved in crypto fraud schemes, including “pump-and-dump tactics” and “wash trading”. Major firms like Gotbit,…
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Stripe Re-Enters Crypto Space with USDC Support
In a major development for the payments industry, Stripe has officially announced its return to cryptocurrency, now supporting USD Coin (USDC) for transactions. This move marks Stripe’s first foray back into crypto since discontinuing Bitcoin payments in 2018, citing issues with volatility and efficiency at the time. With a 1.5% transaction fee and limits set…
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Mantle announces the Most Nuts Team buildathon.
Mantle, a prominent player in the crypto space, has announced the launch of the “Most Nuts Team” Buildathon, running from October 9 to November 12, 2024. The hackathon invites both aspiring and experienced builders to create innovative applications, with the opportunity to win up to $150,000 in prizes. This buildathon, supported by sponsors like Eigenlayer,…
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Crypto.com Files A Lawsuit against The SEC
Crypto.com has taken bold action, suing the U.S. Securities and Exchange Commission (SEC) over its broad classification of cryptocurrency transactions. This lawsuit follows a Wells notice from the SEC, which warned of potential legal action for alleged securities violations. Crypto.com argues that the SEC is overreaching by labeling most crypto transactions as securities while exempting…
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VTAP: Visa Introduces Platform for Fiat-Backed Digital Tokens
Visa recently announced the launch of its Visa Tokenized Asset Platform (VTAP), a groundbreaking initiative that leverages blockchain technology to enable banks and financial institutions to issue and manage fiat-backed tokens such as stablecoins and Central Bank Digital Currencies (CBDCs). This platform is poised to revolutionize financial transactions by bridging traditional fiat currencies with blockchain…
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Realio Network Expands Staking Ecosystem with $LMX Integration
In an exciting development for the Realio Network, $LMX has been officially introduced as the latest Real-World Asset (RWA) staking token. This addition, enabled by the passing of Proposals #7 and #10 by Network validators, marks a significant step in the evolution of the platform’s multistaking capabilities. $LMX, which provides tokenized access to Bitcoin mining,…
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Glassnode Integrates TRON Network Analytics
In a key development for blockchain analytics, Glassnode, a renowned provider of on-chain market intelligence, has integrated TRON network metrics into its platform. As of today, users can access a specialized dashboard on Glassnode’s website to track TRON’s on-chain activity, user growth, and performance. This addition is a major milestone for TRON, a blockchain known…
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Peter Todd denies being Satoshi Nakamoto after HBO documentary
Canadian software developer Peter Todd, an early Bitcoin contributor, has firmly denied being the mysterious Satoshi Nakamoto, Bitcoin’s creator, despite fresh speculation spurred by an HBO documentary, Money Electric: The Bitcoin Mystery. The documentary, directed by Cullen Hoback, suggests Todd might be the person behind the pseudonym. However, Todd has brushed off these claims, calling…
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Native Circle’s USD Coin (USDC) Launches on The Sui Network
Circle’s USD Coin (USDC) is now live as a native asset on the Sui Network, marking a major leap for blockchain. USDC, one of the most transparent and compliant stablecoins, is fully backed by U.S. dollar reserves and undergoes regular audits, ensuring trust and security. This move strengthens Sui, a high-performance Layer 1 blockchain, by…
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Verasity burns $256k worth of $VRA in Q3
The Verasity team announced that they have burned 84 million $VRA , worth around $256k in the third quarter of 2024 as a part of the deflationary tokenomics for $VRA. This latest burn takes the total $VRA burnt so far to 512 million over the last 1.5 years. There have been a total of 9…