Category: News
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US govt sends $594m Bitcoin to Coinbase
The U.S. government transferred Bitcoin worth $593.5 million to its favored crypto brokerage, Coinbase Prime, on August 14, as reported by Arkham Intel. This transfer involved a 10,000 BTC tranche sent to the wallet “bc1ql” two weeks prior. The U.S. government has accumulated a total of approximately 69,370 BTC from the Silk Road seizure. This…
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MetaMask and Mastercard Unveil Crypto Debit Card in Europe
MetaMask has partnered with Mastercard and Baanx to introduce a new debit card, allowing users to spend their crypto assets directly from their self-custody wallets. This innovation, championed by ConsenSys, marks a significant step toward integrating digital currencies into everyday life. MetaMask and Mastercard Collaborate on Crypto Debit Card The new MetaMask Card empowers users…
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Injective Integrates with TON Blockchain: A New Era in Web3 Finance
Injective has officially integrated with the TON blockchain ecosystem, marking a historic moment for both communities. This integration allows Injective assets, particularly $INJ, to be bridged and utilized across the TON network while enabling $TON to be leveraged in Injective decentralized applications (dApps). Uniting Two Vibrant Ecosystems This partnership opens up exciting opportunities for both…
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Coinbase opens operations in Hawaii
Coinbase, the largest publicly traded crypto exchange in the U.S., has officially expanded its services to Hawaii, following recent regulatory changes by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions. These changes have provided more clarity for crypto firms operating within the state. Coinbase also offers staking services, allowing users to…
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Aleph Zero Launches zkOS-Powered Ethereum Layer 2 Mainnet
Aleph Zero, a blockchain ecosystem focused on privacy and efficiency, has launched its new Ethereum-compatible layer-2 solution on its mainnet. This launch integrates Arbitrum Orbit technology and zkOS tools to revolutionize blockchain privacy and speed. Mainnet Features and Implications The Aleph Zero EVM L2, built in collaboration with rollup-as-a-service (RaaS) provider Gelato, uses Arbitrum Orbit…
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Record $28.7 Million Monthly Income for Pump.fun
In an impressive milestone, Pump.fun has achieved record monthly agreement income, totaling $28.73 million in July. This achievement highlights the growing retail interest in Solana-based memecoins, such as WIF and BONK. Pump.fun Income hits Record According to an August 13 post by Entropia Intel news aggregator, Pump.fun, a memecoin creation platform on the Solana blockchain,…
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Bitcoin and crypto not mentioned in Musk-Trump conversation
During a Monday evening interview with X CEO Elon Musk, former President Donald Trump did not address bitcoin (BTC) or crypto. The conversation, which spanned over two hours, touched on various subjects such as illegal immigration, the economy, AI, and global warming. The interview, which drew in over a million listeners, experienced a delay of…
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Bitcoin Mining Rewards Hit Record Low in 2024
In a surprising development, Bitcoin mining rewards are facing a significant decline, reaching rock bottom in 2024. On August 11th, daily Bitcoin mining rewards plummeted to a mere $2.54 million worth of BTC, marking the lowest earnings since October 2023. The Impact of Bitcoin Mining Rewards The recent Bitcoin halving event, which occurred in April…
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Binance to Delist 6 Altcoins: Action Required by August 26, 2024
Binance, one of the world’s largest crypto exchanges, has announced the delisting of six altcoins: Loom Network (LOOM), Reef (REEF), PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), and VGX Token (VGX). These tokens experienced sharp declines in value, dropping by double digits immediately following the announcement. Users Must Take Action Before Delisting Effective August 26, 2024,…
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Russia brings law to advance crypto payments in international trade
Russian President Vladimir Putin has enacted a new law to create experimental legal frameworks aimed at advancing digital technologies, with a strong emphasis on cryptocurrencies in international trade. This legislation permits adjustments to existing laws to enable cryptocurrency transactions, particularly for cross-border trade, and designates the Bank of Russia to oversee pilot projects related to…