Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management…
SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from…
Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue Even ‘a Cent’ of Debt
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be…
BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy…
Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near…
SEC Fines Prager Metis $1.95M Over Negligent FTX Audits
The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights…
Bitcoin ETFs Rise With $12.9M Gains While Ether ETFs Struggle
According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss. Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground Leading…
Trump-Themed Meme Coins Spike Following Former President’s X Interview
After former President Donald Trump and his family introduced World Liberty Financial (WLF) during an X Spaces interview, meme coins inspired by Trump have enjoyed a notable rise in value over the past 24 hours when compared to the U.S. dollar…
Prediction Market Limitless Raises $3M in Pre-Seed Round Led by 1confirmation
PRESS RELEASE. Limitless Labs, the R&D network behind prediction market Limitless, has announced the successful closure of a pre-seed round. A total of $3M was raised in a round led by prominent venture capital firm 1confirmation, which has…
Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark
According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid…
Memebet Token GambleFi Presale Enjoys Successful First Week, Could it Give 500x Gains Like Rollbit?
A new meme coin is catching investors’ attention this week. Memebet (MEMEBET) is putting a crypto twist on online gambling, aiming to combine the popularity of meme coins with the buzz of digital casinos. And with nearly $250,000 raised in…
Trump’s World Liberty Financial Crypto Venture Reveals WLFI Token Structure
Former U.S. President Donald Trump has led the launch of World Liberty Financial, a new cryptocurrency venture, raising concerns about potential conflicts of interest. The project, featuring the WLFI token, allocates 20% to the founding team…
More Analysts Predict Gold Prices Could Reach $3,000 by 2025
The recent surge in gold prices to record highs has made analysts consider that the precious metal could register even higher levels during this and the next year. Some are even predicting that prices might reach the $3,000 mark, driven by even…
Bitcoin.com Selects MoonPay as Exclusive Payments Partner
Bitcoin.com, a pioneer in the cryptocurrency space since 2015, today announced an exclusive partnership with MoonPay to power payments for the platform’s 50+ million wallets. The agreement guarantees MoonPay as the only payments provider…
Experience A Gaming Experience Built By Gamers For Gamers At Thunderpick
Thunderpick is a crypto betting and casino platform created by gamers for gamers. Now a leading name in esports betting, it hosts an annual $1 million tournament and partners with top-tier team HEROIC. With hundreds of esports and sports markets to…
Capstone Technology Gets $5.4M for GAYA Blockchain Project
Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment. Capstone Technology…
USDT Reaches $1 Billion Authorized Issuance on TON
Tether’s USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However…
TaskBunny Releases Its Meme Token with Real Utility and Unstoppable Viral Power
PRESS RELEASE. Dubai, UAE – September 17, 2024 – TaskBunny is excited to announce its official launch and introduce a game-changing feature, the Proof of Post. The company proudly presents the world’s first meme token with tangible…
Police Warn of Bitcoin Scam Threatening to Expose Private Information
Hillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release…
Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by…
Latam’s Giant Mercado Libre Announces Expansion of Its Stablecoin Project
Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries. The token, developed in…
UN Chief: Unregulated AI Threatens Democratic Systems
UN Secretary-General António Guterres warned that unregulated artificial intelligence (AI) poses a risk to democratic systems, exacerbating disinformation and gender inequality. He urged countries to establish AI governance guidelines and promote…
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital…
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without…
Peter Schiff: Fed Is About to Make Major Policy Mistake That Will Crush US Dollar, Reignite Inflation
Economist and gold advocate Peter Schiff has issued a strong warning that the Federal Reserve is on the verge of repeating its past policy errors. He explained that the Fed’s anticipated actions, particularly interest rate cuts, “will be…
UBS Expects Higher Gold Prices as US Dollar Weakens — ‘Gold’s Rally Has Further to Run’
Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s…
Microstrategy Announces $700M Private Offering for Debt Buyback and Bitcoin Acquisition
On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase…
Bitcoin L2 BOB Launches ‘One-Click’ BTC Staking Solution
BOB (Build on Bitcoin), a hybrid layer two (L2) solution integrating Bitcoin and Ethereum, has launched BOB Stake, a new one-click bitcoin staking product. The platform allows users to stake bitcoin (BTC) and utilize Liquid Staking Tokens (LSTs)…
Qatar Financial Centre Activates Digital Assets Lab
Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association…
Analyst Claims Saudi Arabia Has Covertly Bought 160 Tonnes of Gold Since 2022
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been…
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