The outcome of this case could have significant implications for the future of cryptocurrency in Nigeria. Source: https://cointelegraph.com/news/nigerian-activist-sues-government-protect-crypto-rights?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Andrena Raises $18 Million to Develop Solana-Based Depin Broadband Protocol Dawn
Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena Raises $18 […] Source: https://news.bitcoin.com/andrena-raises-18-million-to-develop-solana-based-depin-broadband-protocol-dawn/
Now Pump.fun Will Pay You to Create a Successful Meme Coin
Meme coin factory Pump.fun has released an update that will pay users who launch successful tokens on the platform. According to a tweet by Pump.fun, the update, currently in beta, will also no longer charge users a fee in order to launch a token. Today we’re introducing 2 HUGE changes to the pump fun mechanism (in beta) 1) Coin creation…
Justin Sun Delivers Keynote and Fireside Chat at ABS2024, TRON DAO Featured as Title Sponsor
PRESS RELEASE. Geneva, Switzerland, August 9, 2024 – The Asia Blockchain Summit 2024 (ABS2024), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of “Currency Wars”. The summit convened leaders from Web3, and various […] Source: https://news.bitcoin.com/justin-sun-delivers-keynote-and-fireside-chat-at-abs2024-tron-dao-featured-as-title-sponsor/
WazirX Restoring Account Balances to What They Were Before the $230 Million Hack
Indian cryptocurrency exchange WazirX announced plans to restore all user account balances to their state as of July 18, 2024, at 1 PM IST, when the exchange lost $230 million to attackers. According to the Aug. 8 announcement, this measure is in response to a severe cyberattack that occurred that day, causing significant disruptions to the platform’s operations and user…
Kanpai pandas NFTs plunge 45% amid Trump token controversy
Kanpai Pandas NFTs saw a 45% floor price drop amid allegations that the team promoted a Trump-themed token which was later disavowed by the Trump family. Source: https://cointelegraph.com/news/kanpai-pandas-nft-floor-price-drop-trump-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum Price Jumps 10% as Grayscale ETF Outflows Slow
Ethereum jumped by double-digits Friday morning to over $2,700, outpacing Bitcoin and Solana as the crypto market continued to recover ground lost during Monday’s crash. The price of Ethereum is currently around $2,664, up 9.6% on the day, per data from CoinGecko—though it remains down by over 15% on the week. Volume is up by 5% in the past day,…
New platform tracks Bitcoin rollup performance in real time
Bitcoin Heartbeat by BVM offers a unique, real-time glimpse into Bitcoin’s L2 and L3 rollup projects, enhancing transparency and verifiability. Source: https://cointelegraph.com/news/bitcoin-heartbeat-real-time-rollup-analytics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […] Source: https://news.bitcoin.com/federal-reserve-cracks-down-on-customers-banks-crypto-strategy/
Turkey sees surge in crypto license applications amid new regulations
Turkey’s crypto economy is poised for growth as local and international companies show keen interest ahead of new legislation. Source: https://cointelegraph.com/news/turkey-crypto-license-surge-regulations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound