September 24, 2024 – Miami, Florida Floki is proud to announce that Valhalla, an innovative Web 3.0 play-to-earn game, is in a groundbreaking partnership with Alliance, a leading global esports organization. The partnership with Alliance allows Valhalla to tap into the vast esports audience, introducing gamers to the benefits of Web 3.0 while combining exciting …
Monthly archives: September 2024
Anthony Scaramucci Says Trump Pulling Democrats Into Centrist Position on Crypto Regulation: Report
SkyBridge Capital founder Anthony Scaramucci believes that former president Donald Trump is causing Democrats to shift away from their perceived anti-crypto position. In a new CNBC report, Scaramucci says that since Trump, the Republican nominee for US president, is embracing the crypto industry, Democrats are now starting to distance themselves from Capitol Hill’s harshest crypto …
Donald Trump Unveils Controversial Crypto Platform On Livestream
World Liberty Financial features controversial leadership and will need to navigate U.S. regulations carefully. Republican presidential candidate Donald Trump promoted World Liberty Financial in a livestream on Monday, Sept. 16, according to Fortune. World Liberty Financial is a decentralized finance (DeFi) service that allows peer lending and borrowing of crypto without the need for an …
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SEC Chair Gary Gensler Says Crypto Industry Rife With ‘Hucksters’ and ‘Grifters’: Report
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is reportedly highlighting what he thinks is wrong with the cryptocurrency industry. Gensler says the crypto industry is “rife with fraud and hucksters and grifters,” reports BBC. The report further cites Gensler saying that investors around the world have “lost too much money” …
Kraken expands European foothold with Dutch crypto broker acquisition
Kraken has announced its acquisition of Coin Meester (BCM), one of the Netherlands’ oldest registered crypto brokers, according to a Sept. 24 statement. This move aims to strengthen Kraken’s presence in the Dutch market and also expand its business reach with virtual asset service provider (VASP) licenses in France and Poland. Brian Grahan, Kraken’s managing …
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Bitcoin derivatives market shows immense growth potential, dwarfed 279x by traditional counterparts
Matthew Sigel, Head of Digital Assets Research at VanEck, has highlighted the significant potential for growth in Bitcoin’s derivatives market. In a recent post, he noted that equity and commodity derivatives are 279 times larger than Bitcoin’s relative to their underlying markets. A chart he shared showed that while equity and commodity derivatives are 12 …
SEC Gensler’s crypto crackdown under scrutiny as he testifies before Congress
US Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify twice this week before Congress. Gensler will appear before the House Financial Services Committee on Sept. 24 and was scheduled to meet the Senate Banking Committee on Sept. 25, but the second hearing has now been postponed. Eleanor Terrett from Fox Business said, “Capitol …
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Bybit unveils first Shariah-compliant Islamic crypto account
Crypto exchange Bybit has introduced an Islamic crypto account tailored to its Muslim users, according to a Sept. 24 statement. Bybit CEO Ben Zhou shared the update in a social media post on X, stating: “[The] World first Crypto Islamic account is now fully live on Bybit. Shariah-Compliant and Initial offerings include spot trading (limited …
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SocialFi super app Phaver launches SOCIAL token airdrop rewarding Lens, Farcaster users
SocialFi app Phaver launched its Phavercoin (SOCIAL) token today, initiating the Phairdrop event that marks the platform’s transition to a token-powered decentralized social ecosystem. The token generation event signifies Phaver’s move from the “DeSoc” era to the “SocialFi” era, integrating the SOCIAL token into its point economy and in-app functionalities. As of press time, SOCIAL …
US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant
According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to …
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Memebet Presale Gains Momentum as Analysts Call It the Next Big Meme Coin
Memebet (MEMEBET) is the new meme coin everyone’s talking about. This GambleFi project has already raised over $270,000 in presale, and it’s not slowing down. Some analysts are even calling Memebet one of the best meme coins to buy right now. Memebet – The Top Gambling Destination for Meme Coin Lovers If you love meme …
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Ethereum Users Face Higher Fees as Onchain Transaction Costs Rise
Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning. Ethereum Users …
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2009 Bitcoin Whale Moves 5 BTC to Kraken, Holds Over 1,200 BTC
An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today. Arkham: Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity …
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Bitcoin ETFs Boosted by Inflows, Ether ETFs Hit by $79.21M Outflow
According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs Spot bitcoin ETFs had a positive day on Monday as three funds attracted inflows during the session. Fidelity’s FBTC took …
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Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems
Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial institutions. These efforts have gained attention during Russia’s BRICS presidency, …
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