Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone. Source: https://cointelegraph.com/news/binance-india-relaunch-fiu-registration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Memecoin ‘mastermind’ Sahil likely made $3M from ‘Celeb meta’ — ZachXBT
Sahil Arora is estimated to have netted around $3 million dollars this year for his efforts in launching memecoins with celebrities. Source: https://cointelegraph.com/news/memecoin-mastermind-sahil-likely-made-3m-from-celeb-meta-zachxbt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.” Source: https://cointelegraph.com/news/california-ai-bill-aimed-preventing-disasters-draws-ire-silicon-valley?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races
A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates […] Source: https://news.bitcoin.com/pro-crypto-fairshake-pac-funds-democrats-in-key-senate-races/
Tokenized US Treasurys expected to surpass $3B by end of 2024
Increased crypto adoption and high treasury yields could push tokenized US Treasurys toward a $3 billion market cap by the end of 2024. Source: https://cointelegraph.com/news/tokenized-us-treasurys-expected-to-surpass-3b-by-end-of-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Boomer says ETH fundamentals at all-time high, price is ‘lagging’
Ether’s current price doesn’t reflect the true performance of the network’s fundamentals in recent times, according to an investment manager. Source: https://cointelegraph.com/news/ethereum-fundamentals-price-eth-cryptocurrency-onchain-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid. Source: https://cointelegraph.com/news/iran-giving-24-dollars-snitch-on-illegal-crypto-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Confiction Labs Launches ‘Proof of Exposure’ to Combat Rising Bot Activity in Web3 Gaming
Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed “Proof of Exposure,” integrates non-fungible tokens into the game’s lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3…
Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2
44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief. Source: https://cointelegraph.com/news/two-thirds-institutional-bitcoin-etf-holders-held-bought-more-q2?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto influencers on notice after FTC bans fake likes and followers
New rules from the FTC mean crypto influencers will face stiff fines for fake followers and likes, while celebrity testimonials are also in the firing line. Source: https://cointelegraph.com/news/ftc-bans-influencers-faked-social-media-likes-views-reviews?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound