Category: News
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UAE Eliminates Taxes on All Crypto Transactions
The United Arab Emirates (UAE) has announced the elimination of taxes on all cryptocurrency transactions, marking a significant move in fostering a crypto-friendly environment, this decision to remove Value Added Tax (VAT) on cryptocurrency and digital asset transfers, was highlighted across various social media platforms, indicating a wave of excitement and bullish sentiment among crypto…
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Binance Market Share Declines Amidst Rising Competition
September 2024 marked a notable shift in the cryptocurrency exchange landscape as Binance, the largest crypto exchange by trading volume, saw a significant drop in its market share. According to blockchain analytics firm CCData, Binance’s share in the derivatives market fell to 40.7%, its lowest since September 2020. Additionally, its spot trading volume dropped by…
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Toymaker Lego hacked for 1.5 hours; scam coin promoted
LEGO Group recently addressed a security breach involving a phishing scam promoting a fake “LEGO Coin” token, which briefly appeared on their homepage following a hack on October 5. The scam was first noticed by “ZTBricks,” an X user and LEGO fan, who shared screenshots showing a fake message urging users to buy the token…
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October Brings Excitement with OpenEx and Tomarket Token Generation Events
October 2024 is set to be a notable month for the cryptocurrency world, with two key Token Generation Events (TGEs) taking center stage: OpenEx ($OEX) and Tomarket ($TOMATO). These events mark crucial milestones for both platforms, offering fresh opportunities for investors to engage at the ground level. OpenEx: A Community-Driven TGE OpenEx has built a…
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USDY Surpasses Franklin Templeton’s FOBXX, Reaches $439M TVL Milestone
Ondo Finance has announced that its USDY token has achieved a major milestone, becoming the second-largest tokenized U.S. Treasury asset with over $439 million in total value locked (TVL). This development positions USDY ahead of Franklin Templeton’s FOBXX and highlights the growing interest in tokenized financial products, which offer blockchain-based access to traditional assets like…
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$2.2 Billion Raised in 2024 as Crypto Venture Capital
The crypto market has seen a surge in venture capital investments in 2024, with over $2.2 billion directed towards key blockchain sectors. Despite market volatility, major areas such as DeFi (Decentralized Finance), Solana, DePin (Decentralized Physical Infrastructure Networks), and Real World Assets (RWA) tokenization have captured investors’ attention. DeFi remains a primary focus, offering alternatives…
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Mark Cuban endorses Kamala Harris to the crypto crowd
Billionaire investor Mark Cuban recently voiced his support for Kamala Harris’ approach to the crypto industry during her 2024 campaign, praising her for addressing digital assets. In a Notus interview, Cuban emphasized that Harris has been actively engaging with leaders in the crypto space, contrasting her efforts with the Biden administration’s stricter regulatory stance. He…
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1,673,645 EIGEN Tokens Hacked and Stolen
EigenLayer, a protocol built on Ethereum, introduces a concept called re-staking, where users can reuse their staked ETH or liquid staking tokens (LST) to boost the security of other applications on the network, earning extra rewards in the process. However, a recent incident occurred where an attacker compromised an investor’s token transfer due to a…
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Thorchain completes one week of ADR 17: $RUNE burn
Thorchain’s latest upgrade, ADR 17, has officially completed its first week, bringing significant attention to its unique Rune burning mechanism. The ADR 17 protocol, which burns 0.01% of system income every block, was implemented a week ago with the aim of reducing the total supply of Rune ($RUNE) over time. Since its launch, a total…
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Micro3 Redefining the Future of SocialFi
SocialFi combines social media and DeFi, enabling users to monetize their interactions and content via blockchain technology in the Web3 space. However, many newcomers to SocialFi face challenges, including: – Lack of Compelling Incentives: Current platforms often fail to offer strong incentives for user engagement. – Stagnant Innovation: SocialFi relies heavily on traditional features like…