Total Liquidity Pledge to HTX DAO Hits $42.5M After 2nd Round – Bolstering Decentralized Ecosystem
PRESS RELEASE. HTX DAO has announced its receipt of the second Ecosystem Liquidity Pledge took place on July 16, 2024. Through this pledge, 80,223,880 TRX and 9,631,105,301,954.7 $HTX (worth 21,500,000 USDT) have been allocated to SUN.io to enhance…
Billionaire Mark Cuban Connects Silicon Valley’s Trump Support to Bitcoin
On Wednesday, billionaire investor Mark Cuban shared on X about Silicon Valley’s growing backing for former President Trump, labeling it a “bitcoin play.” He argued that reduced tax rates and tariffs are likely to boost bitcoin…
Grayscale Launches Decentralized Crypto AI Fund for Accredited Investors
Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, aimed at providing exposure to blockchain-based artificial intelligence (AI) protocols. The fund, available to accredited investors, includes a basket of…
Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days…
Plonky3, the Polygon Zero-Knowledge Proving System, Is Production Ready
Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or…
OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest
The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in…
Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. This comes after the development team announced they’re locking up investors’ and team members’ coins for much longer than planned. Now, the big question onâ
Ethereum’s Year-End Price Forecasted by 9 Distinct AI Chatbots: $3,800 to $6,000
During the past year, our newsdesk has explored using generative artificial intelligence (AI) chatbots to predict bitcoin prices and further extended this approach to forecasting the price of an ounce of fine gold. As part of this experiment, this…
Financial Expert’s Contrarian View: Lower Oil Prices, Weaker US Dollar Under Trump
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s…
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single…
HTX Unveils June Performance Report: Achievements Across Diverse Sectors, Highlighting a Forward-Thinking Approach
PRESS RELEASE. Recently, HTX released their June performance report, sharing their key achievements and milestones with users. June was a month of breakthroughs and harvests. The report updates both new and existing users on HTX’s…
US Spot Bitcoin ETFs Attract $422 Million in Single-Day Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC…
AI Preparedness Index: South Africa Best Prepared African Country; Nigeria Ranks Outside the Continent’s Top 7
The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of…
Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and…
Man Pleads Guilty in Meijer Loyalty Program Fraud Case, Forfeits Crypto
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his…
Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international…
UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework…
Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC…
South Korea Considers Deferring Crypto Taxation Until 2028
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing…
Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of…
Bitso Integrates Lightspark for Bitcoin Lightning Network
Bitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin…
Crypto Market Cap Drops 14.4% in Q2 2024, Report Shows
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%…
Ripple Donates $1 Million to New Super PAC Seeking to Unseat Senator Elizabeth Warren
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed…
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its…
Erik Voorhees Warns of Financial Apocalypse — Advises Best Thing Trump Can Do
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin…
Tanzania Seeks to Shore up Local Currency With Directive Mandating Tourists to Use Shillings
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement…
Argentina Defines Rules for Normalization of Previously Undeclared Assets, Including Cryptocurrency
Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to…
Craig Wright’s Web Portal Removes False Claims, Site States He is Not Bitcoin’s Founder
As news emerged about British High Court Judge James Mellor’s referral to prosecute Craig Wright for perjury, Wright’s website, craigwright.net, now displays a legal notice stating he is not Satoshi Nakamoto, the creator of bitcoin. The main…
Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1
Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi…
Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches
According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the…
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