Debate shifts negative as Solana memecoin trading volume dips
A Messari data engineer has called it the “most extractive crypto phenomenon” since the ICO boom, but the jury’s still out on that one. Go to Source
Month: August 2024
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019. Go to Source
Seychelles Approves Bill on Virtual Asset Regulation
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task … Read more
Shaquille O’Neal may still be in hot water over Astral NFTs, says judge
A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law. Go to Source
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest … Read more
Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement … Read more
Optimism Finds Vulnerabilities in Fault Proof System, Proposes Upgrade to Patch Them
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade … Read more
Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts … Read more
Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT
Bitcoin’s price consolidation could convince traders that it’s time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph’s radar. Go to Source
Hash Ribbons signal end of miner capitulation: CryptoQuant
On Aug. 11, Bitcoin miners recorded the lowest levels of daily revenue in 2024, highlighting the profit squeeze miners are experiencing. Go to Source