Grayscale, a leading digital asset manager, announced the launch of the MakerDAO investment fund on August 13, 2024. MakerDAO was founded in 2014 with an aim to create a decentralized stablecoin. Now, the DAO has DAI and MKR as significant tokens. There are 101,159 addresses that MKR tokens, leading to 100 addresses collectively holding 75.59%…
SHIB price hike has gained the focus of the crypto whales, as the on-chain statistics below depict a whopping 240% rise in this critical parameter. Bigger transactions have increased noticeably, indicating that bigger investors or whales are holding and accumulating their investments in Shiba Inu as this memecoin aims for another attempt at rallying to…
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate,…
Abu Dhabi Global Market has observed a growth of 31% in the registration of leading companies’ offices, as per a report. Ray Dalio, a centi-billionaire and the founder of hedge fund Bridgewater Associates, inaugurated his family office in ADGM in 2023. In March 2023, Dubai Multi Commodities Centre signed affiliation agreements with South Korean companies. …
Since August 02, 2024, till writing, Bitcoin price seems tumbling between $58,000 and $60,500. Recent fluctuations have also made it difficult for experts to analyze the peak points of the crypto assets. A crypto analyst has however, posted an analysis on X claiming a massive BTC price hike in the coming months. This analysis is shedding…
As per recent information, the state government of Lagos is planning to associate real estate with blockchain and other decentralized products. Bitcoin, Ethereum, USDT, and USDC are some of Nigerian traders’ favorite crypto assets. In 2023, the trading volume of the Nigerian crypto market grew 9%, reaching $56.7 Million. The state government of Lagos extended…
Banking giant Goldman Sachs was “not believer” into crypto until their recent SEC filing. In a 13F filing at the U.S SEC (Securities and Exchange Commission), the banking firm disclosed owning Bitcoin ETFs (Exchange Traded Funds) investments. The humongous crypto investment holdings of Goldman Sachs present a contrasting image of the organization’s previous beliefs. The…
Iran announced a reward of $20 to one who tips the authorities of an illegal crypto mining operation. Power grids in Iran are failing to fulfill the skyrocketing demand for electricity, as per a national media outlet. According to a power grid official, the nation’s power consumption reached 80,000 MW by August 2024. Several nations…
Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis…
A half dozen Malaysians were charged with kidnapping a Chinese resident for $1 Million in USDT. The Malaysian group kidnapped a Chinese resident on July 11, 2024, near the exit point of an expressway, according to the filed charges. Scammers are leveraging AI to loot innocent investors in the crypto space, as per a recent…
Stealing funds and ransomware have been constantly growing, as per Chianalysis’s recent. The average amount that the industry lost per heist grew more than 75% YTD (year to date). Between early 2023 and mid-June 2024, cybercriminals increased the median ransom payment from approximately $200k to $1.5 million. In 2024, the broader cryptocurrency market mirrored dozens…
Donald Trump made some stunning revelations about his financial holdings on Thursday. The Republican Presidential candidate and former US President has declared about owning over $1 Million in crypto. Out of this amount, he is said to have earned $300,000 by selling branded Bibles. “The Greenwood Bible” is the branded Bible sold under Trump’s business…
The Dubai Court ruled favoring the payment of salaries in cryptocurrencies. Salary payments in crypto are valid under employment contracts, per the court’s ruling. (VARA) is leading the way in crypto regulation, providing a clear framework for businesses to operate. The United Arab Emirates (UAE) actively explores digital assets and blockchain technology possibilities. The region…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes…
The recent “Exposure Draft” of the Bank of Ghana aims to regulate digital assets in the region. Market watchers claim that the draft came following the growing popularity of Bitcoin and USDT in Ghana. As per the Bank’s findings, Digital assets can improve financial inclusion and promote economic development in Ghana. In the August 2024…
The International Monetary Fund (IMF) has recently declared that increasing the taxes for electricity usage in crypto-mining could help to curb the global carbon footprint. The IMF has proposed an 85% tax hike to cut on global carbon emissions. The agency came up with thought-provoking revelations in its recent blog post. The International Monetary Fund…
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original…
According to recent information, the contender of Shiba Inu and Baseball United UAE partnered for upcoming 2024-25 events. Market watchers claim that the partnership came following the surging adoption of cryptocurrency globally. As of writing, Dogwifhat (WIF), a treading memecoin, is trading at $1.42, with an all-time growth of 748.51%. Memecoins came into existence as a joke,…
Nigerian law enforcement agencies have traced cryptocurrencies worth $50 Million. These digital assets could possibly fuel nationwide protests. As per the local media, the Nigerian authorities have already managed to extract cryptocurrencies worth $38 Million from the crypto wallet freeze. This amount was sent from a foreign source to instigate protests across the country against…
A Cybersecurity research firm discovered the crypto-clipping Styx Stealer. Developer’s mistake exposed the malware’s creators, financial and operations details. Styx Stealer is linked to the Phemedrone Stealer family and Agent Tesla. Check Point Research (CPR), a cybersecurity solution provider and research firm, has discovered a new malware named the Styx Stealer. This malware can carry…
Traditional gaming has dominated the gaming industry for a long time. These gaming models involve an engagement with the digital world to win financial and in-game rewards. Regardless, the advancement in blockchain technology has brought a whirlwind of transformation in the gaming industry. Just evolved crypto gaming is a strong contender to traditional gaming. This…
US President Joe Biden is focusing on crypto investors and stated that he will not support any deal that shields wealthy tax evaders and crypto traders. During the G7 summit, President Joe Biden mentioned that prior to his departure, he had discussions with all four congressional leaders. They reached a consensus that the only viable…