Category: News
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Sky Ecosystem Emerges from MakerDAO, Introducing $USDS Stablecoin
In a landmark development within the decentralized finance (DeFi) sector, MakerDAO has rebranded as Sky Ecosystem, effective September 2, 2024. This rebranding represents not just a change in name but a strategic shift aimed at enhancing innovation and accessibility in the DeFi space. Introducing $USDS and $SKY: New Tokens for a New Era Central to…
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Australia with highest growth in Bitcoin ATMs
Bitcoin ATMs are rapidly proliferating in Australia, making it the fastest-growing market for these kiosks globally. Users of these ATMs can deposit cash to receive cryptocurrency in digital wallets or withdraw cash from crypto sales. The United States leads the market with around 32,000 machines, followed by Canada with 3,000. Australia has surged to third…
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Brazilian Supreme Court Bans X, Fines VPN Users: Crypto Community Impacted
X Ban in Brazil: A Blow to Crypto Enthusiasts X has been banned across Brazil by the Supreme Court. This decision is a significant setback for crypto enthusiasts who rely on X for real-time information and discussions about various projects. The ban leaves millions without access to the platform, disrupting the flow of vital crypto-related…
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BlackRock Bitcoin ETF sees $13.5M in outflows.
BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, marking its first major loss in four months. This downturn follows similar outflows in May, where the fund saw losses totaling $36.9 million. The outflows are notable given the ETF’s popularity among retail traders seeking…
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Kaspa ($KAS) Surges to 1 EH/s Hashrate: A Major Milestone in Crypto Security
Kaspa Hits 1 EH/s: A Historic Achievement Kaspa ($KAS) has just hit a monumental milestone, reaching 1 exahash per second (EH/s) in hashrate. This puts Kaspa in an elite group, with Bitcoin being the only other cryptocurrency to achieve such a feat. A Leap in Network Security Reaching 1 EH/s is more than just a…
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Vitalik Buterin Denies Selling Ether for Personal Profit
In a decisive statement, Ethereum co-founder Vitalik Buterin has denied allegations of selling Ether (ETH) for personal profit. This clarification comes amidst growing speculation and concerns from the crypto community regarding his financial activities with Ethereum’s native cryptocurrency. You can read more about that here Buterin’s ETH Sales: Focused on Supporting Web3 and Philanthropy Buterin…
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Elon Musk cleared of Doge price manipulation charges
A Manhattan judge has permanently dismissed a lawsuit accusing Elon Musk and Tesla of manipulating the price of Dogecoin (DOGE) by leveraging Musk’s social media presence and public statements. U.S. District Judge Alvin Hellerstein ruled that Musk’s comments about Dogecoin were “aspirational and puffery,” rather than factual claims, making them unreliable for reasonable investors. Hellerstein…
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Vitalik Buterin’s $2 Million Ethereum Transfer Sparks Speculation
Buterin’s $2 Million Ethereum Transfer Raises Eyebrows On August 30, 2024, Vitalik Buterin, the co-founder of Ethereum, made headlines with a significant onchain transaction. Buterin transferred 800 ether, worth just over $2 million, to a multisig wallet, marking his second substantial move this month. This transaction has sparked a wave of speculation and concern across…
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Cardano’s Chang Hard Fork: A New Era in Blockchain Governance
Cardano, a leading blockchain platform renowned for its academic rigor, is set to launch the much-anticipated Chang hard fork on September 1, 2024. This pivotal update marks the beginning of Cardano’s Voltaire era, ushering in a new phase of decentralized governance. The Chang Hard Fork and Decentralized Governance The Chang hard fork introduces a revolutionary…
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Only certain Palestinian accounts frozen by Binance: Richard Teng
Binance has come under scrutiny after blocking a limited number of Palestinian user accounts linked to illicit funds. This action, clarified by Yi He, Binance’s co-founder and chief customer service officer, followed accusations that the company had seized all Palestinian assets at the request of Israeli authorities. Yi He responded to these claims on X,…