Binance returns India as registered crypto exchange following 7-month ban
Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone. Go to Source
Month: August 2024
Memecoin ‘mastermind’ Sahil likely made $3M from ‘Celeb meta’ — ZachXBT
Sahil Arora is estimated to have netted around $3 million dollars this year for his efforts in launching memecoins with celebrities. Go to Source
California AI bill aimed at preventing disasters draws ire from Silicon Valley
Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.” Go to Source
Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races
A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates … Read more
Tokenized US Treasurys expected to surpass $3B by end of 2024
Increased crypto adoption and high treasury yields could push tokenized US Treasurys toward a $3 billion market cap by the end of 2024. Go to Source
Boomer says ETH fundamentals at all-time high, price is ‘lagging’
Ether’s current price doesn’t reflect the true performance of the network’s fundamentals in recent times, according to an investment manager. Go to Source
Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid. Go to Source
Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2
44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief. Go to Source
Crypto influencers on notice after FTC bans fake likes and followers
New rules from the FTC mean crypto influencers will face stiff fines for fake followers and likes, while celebrity testimonials are also in the firing line. Go to Source
Fed rate cuts are not a sure thing — What does this mean for Bitcoin?
A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks. Go to Source