Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report. Source: https://cointelegraph.com/news/institutional-investments-solana-dapps-54-percent-q3?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
From Sidechain to ZK: Merlin Chain Pioneers Transformation in the Bitcoin Ecosystem
PRESS RELEASE. Since its inception, Merlin Chain has adeptly leveraged its technical strengths and flexible strategies to foster innovation within the Bitcoin ecosystem. With a robust community foundation spanning areas such as BRC-20, BRC-420, Blue Box, and Bitmap Game, Merlin is evolving from a Bitcoin sidechain to a ZK Layer 2 solution, unlocking significant potential […] Source: https://news.bitcoin.com/from-sidechain-to-zk-merlin-chain-pioneers-transformation-in-the-bitcoin-ecosystem/
DOJ Alleges Gotbit Founder Made ‘Tens of Millions’ on Wire Fraud in Indictment
The U.S. Department of Justice (DOJ) has indicted the founder and CEO of cryptocurrency “market maker” Gotbit on charges of wire fraud and conspiracy to commit market manipulation and wire fraud. According to a DOJ press release, Aleksei Andriunin was charged in a superseding indictment, which also charged Gotbit and his fellow co-founders Fedor Kedrov and Qawi Jalili, who were…
Tether to launch dirham-pegged stablecoin on TON
Tether’s senior strategic partnership manager, Alessandro Giori, said that TON is the fastest blockchain to reach 1 billion USDT since its launch. Source: https://cointelegraph.com/news/tether-dirham-stablecoin-launch-ton?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
NFT Developers Plead Guilty to $400,000 ‘Rug Pull’, Laundering and Wire Fraud
One NFT developer has been found guilty and another has pleaded guilty to a U.S. court to conspiracy to commit wire fraud as well as money laundering, in relation to a NFT “rug pull” worth $400,000. This comes following the sale of three NFT collections on Solana called “Undead Apes,” “Undead Lady Apes,” and the partial sale of “Undead Tombstone.”…
TON Foundation launches new Society DAO governance model
The newly launched Society DAO aims to address a wide range of issues related to decentralization and fair access to capital in the TON ecosystem. Source: https://cointelegraph.com/news/ton-foundation-new-governance-model-society-dao?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Is Toncoin Ready for a $20 Rally? Key Upgrades Spark Bullish Hopes
The TON blockchain team has taken a significant step toward enhancing its network by addressing critical vulnerabilities, sparking fresh optimism among investors. A recent update, v2024.10 along with FunC 0.4.5, aims to improve network efficiency, reliability, and overall performance. With these improvements, speculation is rising that Toncoin may be poised for a bullish rally, with some analysts suggesting a target…
Coinbase Pledges Millions to Crypto PAC War Chest, Rejects Illegality Allegations
Coinbase has committed to donating $25 million to Fairshake, a crypto PAC funded by crypto-linked companies that supports the aspirations of crypto-friendly candidates. The move was criticized by contrarians who alleged Coinbase’s moves are illegal under U.S. laws. Coinbase Pledges $25 Million to Fairshake Crypto PAC Coinbase, the largest U.S.-based cryptocurrency exchange, is moving to […] Source: https://news.bitcoin.com/coinbase-pledges-millions-to-crypto-pac-war-chest-rejects-illegality-allegations/
Bitcoin ETFs Overtake Half of Gold’s Assets – What It Means for Investors
In a significant achievement, U.S.-listed Bitcoin exchange-traded funds (ETFs) have quickly amassed over 50% of the total assets held by gold ETFs, despite gold ETFs being available for nearly two decades. This rapid growth reflects the accelerating adoption of digital assets in mainstream investment portfolios. Since their launch in January 2024, Bitcoin ETFs have attracted substantial inflows, reaching a total…
M2 crypto exchange hacked for $13M, user funds already restored
The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago. Source: https://cointelegraph.com/news/m2-crypto-exchange-hacked-13-m-funds-restored?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound