Category: News
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DAO Rejects $XCHNG Burn Proposal Amid Community Debate
Voting Results Announced on XCHNG Burn Mechanism Proposal The Chainge DAO Snapshot platform recently held a vote on a proposed $XCHNG Burn Mechanism, and the results are in. After three days of voting, the proposal was rejected, with 73% of participants opposing the suggested changes. Background and Proposal Overview The proposal, introduced by a DAO…
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Dormant whale wallet moves 174 Bitcoin
A dormant whale Bitcoin wallet that had been inactive since 2014 suddenly became active, moving over 174 bitcoins valued at more than $102 million. Blockchain data reveals that this wallet, which received 174.88 BTC on January 8, 2014, transferred funds for the first time on August 16, 2024. According to blockchain explorer Blockchair, the wallet’s…
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Grayscale vs. Blackrock: The Battle for Crypto Supremacy
Blackrock Challenges Grayscale’s Dominance in Crypto Holdings Recent data from Arkham Intelligence reveals that Blackrock is closing in on Grayscale in terms of onchain crypto assets. As of Friday, Grayscale’s assets are valued at approximately $21.33 billion, with Blackrock’s portfolio close behind at around $21.02 billion. Grayscale Faces New Rival as Blackrock Gains Ground Blackrock’s…
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Dubai Recognizes Crypto as Legal Form of Salary Payment
In a landmark ruling, Dubai’s Court of First Instance has officially recognized cryptocurrency as a valid form of salary payment, marking a significant shift in the UAE’s financial landscape. This decision, revealed on August 16, 2024, positions Dubai as a global leader in the adoption of digital currencies for everyday transactions. Case 1739 of 2024:…
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Donald Trump owns more than $1M in crypto
Former US President Donald Trump owns over $1 million in cryptocurrency and up to $250,000 in gold bars, along with a portfolio of golf courses and real estate properties that contribute to his billionaire status, according to newly released financial disclosures. These details come from documents Trump filed as part of his Republican presidential bid,…
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Malaysia Chooses Worldcoin for Digital Identity Verification
In a significant step toward digital innovation, Malaysia has chosen Worldcoin as its partner for integrating advanced iris scan technology into the nation’s digital identity verification process. This collaboration, announced today, marks a pioneering effort to use biometric data for establishing “proof of humanness” and enhancing the country’s digital infrastructure. Source : Worldcoin Worldcoin and…
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Defiance ETFs Launches Leveraged Microstrategy ETF
Defiance ETFs has rolled out MSTX, the first-ever leveraged single-stock exchange-traded fund (ETF) centered on Microstrategy. This innovative product offers 175% long daily exposure, targeting investors who seek to capitalize on Microstrategy’s dynamic performance. Introducing the MSTX ETF The newly launched MSTX ETF by Defiance ETFs offers 175% long daily targeted exposure to Microstrategy, a…
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Binance resumes operations in India after 8 months
Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month suspension imposed by local authorities for allegedly operating “illegally” in the country. The exchange announced on Thursday that it has registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a government agency responsible for monitoring financial transactions.…
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Nvidia’s Correction and Impact on AI-Based Crypto Projects
Nvidia, a dominant force in the artificial intelligence (AI) sector, has recently experienced a significant market correction. This downturn resulted in the company’s stock losing $430 billion in value, driven by: This correction has raised concerns about the broader implications for AI-related industries, particularly AI-based cryptocurrency projects. We saw how the boom of Nvidia helped…
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UEFA Champions League Welcomes Crypto.com as First Cryptocurrency Partner
UEFA has announced Crypto.com as the official sponsor of the UEFA Champions League for the 2024–27 commercial cycle, marking a historic partnership as the first cryptocurrency partner of the prestigious club football competition. Crypto.com to Sponsor UEFA Champions League In a groundbreaking move, UEFA has partnered with Crypto.com for the upcoming UEFA Champions League seasons,…