How DePin is shaping the future of crypto — Polygon Labs exec
Real-world tokenized assets returned an average of roughly 213% this year, making the sector one of the highest-performing in the industry. Go to Source
Month: August 2024
UK’s FCA provides more guidance on crypto promotion compliance
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October. Go to Source
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around … Read more
Atari’s ‘onchain’ game hacked, Notcoin to launch story-driven Lost Dogs game: Nifty Newsletter
Developer Kautuk Kundan claimed to have hacked Atari’s “onchain” game and said that it’s not really on the blockchain. Go to Source
EU watchdog sues Elon Musk’s X over alleged AI data violations
As recently as July 25, the DPC seemed to believe the matter would be resolved without court actions. Go to Source
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low Hashprice … Read more
Gov. Tim Walz accepted — and returned — $4K donation from FTX exec
Nishad Singh and Sam Bankman-Fried contributed to the campaigns of two Minnesota policymakers mere days before FTX’s collapse in 2022. Go to Source
Price analysis 8/7: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s recovery bounce is losing steam, indicating that the bears remain active at higher levels. Go to Source
Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’
Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” … Read more
Morgan Stanley advisers can officially pitch Bitcoin ETFs
For now, the advisory platform is only recommending ETFs from BlackRock and Fidelity. Go to Source