Layer-1 modular blockchain Celestia (TIA) is soaring after the project’s foundation raised $100,000,000 to support the ecosystem. According to the Celestia Foundation, the nonprofit group set up to support the TIA network, the $100 million fundraising was led by Bain Capital Crypto. Other groups contributing to the funding included Syncracy Capital, 1kx, Robot Ventures and …
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The founders of analytics firm Glassnode believe that the time is getting close for when altcoins will start to outperform Bitcoin (BTC). Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that altseason may arrive once Bitcoin breaks out of its all-time high …
SEC Chair Gary Gensler faced criticism during yesterday’s congressional hearing over the agency’s approach to regulating cryptocurrencies despite omitting any mention of digital assets in his written testimony. Lawmakers and SEC commissioners questioned the effectiveness and clarity of current strategies, highlighting concerns about “regulation by enforcement” and the absence of explicit guidelines. House Financial Services …
Economists and philosophers have discussed the role of money in society and its impact on human relationships for centuries. Karl Marx, for example, was wrong about many things, but his ideas on modern money and how it distorts modern life are worth reading. Consider these two quotes: “Money is the alienated essence of man’s labor …
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Research by _checkonchain analyst, Checkmate, and dpuellARK highlights a refined approach to evaluating Bitcoin’s active realized price, offering a more precise perspective on the cost basis of active market participants. The approach looks at Bitcoin’s realized price metrics, adjusted for lost and long-dormant supply, are shedding new light on market valuation trends. The novel metric …
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Entrepreneurs navigating today’s fast-paced digital world know all too well the challenges of managing both fiat and crypto assets effectively. Whether it’s accepting crypto payments, exchanging money at favourable rates or something as crucial as opening …
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The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore …
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The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted …
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North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent …
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The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator Charges Crypto Companies Trusttoken and Truecoin According to the SEC’s complaint released on Tuesday, Truecoin and Trusttoken …
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A popular crypto analyst thinks historical trends indicate Bitcoin (BTC) could be on the verge of a breakout. The pseudonymous trader known as Rekt Capital tells his 501,400 followers on the social media platform X that BTC has historically broken out from its re-accumulation range 154-161 days after its halvings. “It is 157 days after …
HodlX Guest Post Submit Your Post The exponential surge in demand for AI-powered applications in recent years has necessitated a new approach to data center design, configuration and management. Wall Street Journal estimates around 20% of the global data center capacity is currently used for AI purposes. However, with over 77% of companies already using …
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The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement. TrueCoin and TrustToken agreed to settle the SEC’s charges without admitting or denying fault. They also consented to injunctions …
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The US Securities and Exchange Commission (SEC) has delayed its decision to allow options trading for BlackRock and Bitwise’s spot Ethereum (ETH) exchange-traded funds (ETFs) until mid-November, according to Sept. 24 filings. The new deadlines for BlackRock and Bitwise are Nov. 10 and Nov. 11, respectively. The SEC stated it needed more time to consider …
Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will demonstrate Mitroplus Labs’ ability to develop utility tokens. The token will be integrated with educational seminars and …
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