Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment. Santiment says that the address activity is on the rise for Render (RNDR), the graphics processing unit (GPU) rendering blockchain, Aave (AAVE), a money market protocol, and decentralized finance (DeFi) protocol Maker (MKR). “Render, Aave and …
Monthly archives: July 2024
BlackRock CEO Larry Fink Says Bitcoin (BTC) a Legitimate Financial Instrument Offering Uncorrelated Returns
The co-founder and CEO of giant asset manager BlackRock, Larry Fink, is saying that there is a “role for Bitcoin” in today’s investment portfolios. Fink says in a new interview on CNBC that even though he was once a “proud skeptic” of Bitcoin (BTC), he now believes that the flagship crypto asset is worthy of …
Donald Trump’s VP Pick JD Vance Is First Bitcoin Owner On A Presidential Ticket
Former US President Donald Trump has named Bitcoin-owning Ohio Senator JD Vance as his running mate, which means America will have its first crypto vice […] Go to Source
SEC Likely To Approve Ethereum ETF Applications From BlackRock, VanEck and Franklin Templeton on Monday: Report
The U.S. Securities and Exchange Commission (SEC) is primed to greenlight at least three Ethereum (ETH) exchange-traded funds (ETFs) for trading next week, according to multiple reports. A Reuters report, citing three “industry sources,” indicates the regulator has provided preliminary approval to ETH ETF applications from asset management giants BlackRock, VanEck and Franklin Templeton. The …
EEA Releases DeFi Risk Assessment Guidelines v1
17 July 2024 EEA Introduces Enterprise Standard for Assessing DeFi Protocols EEA today published the DeFi Risk Assessment Guidelines, Version 1 <https://entethalliance.org/specs/defi-risks/>. This is a pioneering document compiling risks for DeFi protocols, along with mitigation strategies. The guidelines also cover the documentation and data a project should have available to help investors assess and manage …
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Bitcoin ETFs surpass $1 billion in inflows over last 3 trading days
Spot Bitcoin ETFs in the US have recorded substantial inflows over the past three trading days, amassing over $1 billion, with significant contributions to BlackRock’s IBIT ETF. Data from Farside Investors shows that, on July 12, 15, and 16, 2024, the total inflows amounted to $1.032 billion with zero outflows across the board. Date IBIT …
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Former President Trump hints at new NFT series, stresses need for US leadership in crypto
Former US President and Republican Presidential Candidate Donald Trump has hinted at the possibility of launching a new NFT collection, following the success of his previous ones. In an interview with Bloomberg Businessweek, Trump highlighted the strong demand from his supporters for more digital assets. This demand could influence his decision to release a new …
US debt nears $35 trillion, Bitcoin key to surviving ‘catastrophic’ collapse – Voorhees
In a heated US political climate, financial analyst Michael A. Gayed recently remarked that the rising national debt exceeding $35 trillion is a more significant threat to democracy than political leadership. Gayed emphasizes that the increasing rate of debt outpaces both tax revenues and inflation, creating a precarious fiscal environment. The US federal debt-to-GDP ratio, …
Crypto-Friendly VC Andreessen Horowitz Backs Trump Campaign
Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described lifelong Democrat, explained his reasoning on the latest episode of “The Ben & Marc Show” …
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Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program …
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Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances …
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UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more …
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Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises …
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South Korea Considers Deferring Crypto Taxation Until 2028
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea …
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Analyst Says Major Trend Shift Happening Now for Bitcoin, Predicts 2017-Style Parabolic Rally
A closely followed crypto strategist believes that Bitcoin (BTC) is gearing up to witness its third parabolic run this cycle. In a new video update, analyst Kevin Svenson tells his 78,700 followers on YouTube that Bitcoin appears to be mirroring its 2017 price action when BTC witnessed three parabolic phases before ending its bull market. …