MEW, WIF and Solana memecoins soar amid increasing network activity
Memecoins in the Solana ecosystem continue to outperform the wider crypto market by generating double-digit weekly gains. Go to Source
Month: July 2024
Ferrari Launching Crypto Payment System for European Market
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better serving client needs. By the end of … Read more
Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
The device, called a ‘Bitaxe,’ successfully mined a block even though its chances were only 1 out of 1 billion every ten minutes. Go to Source
Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency … Read more
Nigeria to Train 1,000 Residents Annually in AI and Blockchain Technologies
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims to position Nigeria as a leader in digital transformation in Africa. The government is partnering with Gluwa, a … Read more
Stand With Crypto PAC has received $14K since launch, not $179M
Money from cryptocurrency advocates could play a role in the 2024 election cycle, so why does the Stand With Crypto PAC seem to be obfuscating its numbers? Go to Source
OpenAI could lose $5B this year and run out of cash in 12 months: report
The ChatGPT maker reportedly will spend some $7 billion on AI testing this year. Go to Source
Bitcoin Rewards App Fold to Become Publicly Traded Company Through Merger
Fold Inc., a bitcoin financial services firm, is set to go public through a merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC). The transaction, expected to close in the fourth quarter of 2024, will see Fold listed on Nasdaq under a new ticker symbol. Fold to Go Public Through Merger with … Read more
Bitcoin traders back in profit even as price slows alongside spot BTC ETF inflows
Despite this week’s Bitcoin price sell-off, the rally to $68,000 put short-term traders back in profit and onchain metrics remain bullish. Go to Source
Wyoming Senator to Propose Bill for US Central Bank to Hold Bitcoin, Report Says
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, … Read more