General category for all types of news related to the cryptocurrency world.
? Base unveils Basenames subdomains on Ethereum! Utilizing ENS for seamless on-chain interactions, auctions start at 100 ETH, dropping to 0 ETH over 3 days. Unlimited subdomains available, requiring wallet connection by Aug 21, 2024. #CryptoNews $ETH
Base Network surges to 4M active users amid Onchain Summer campaign, peaking at 858,850 daily addresses on Aug 17, 2024. ENS subdomains enhance digital identity, while a 600 ETH prize pool boosts engagement and developer interest. #crypto #blockchain
? Fabric Cryptography secures $33M in Series A funding to accelerate development of its Verifiable Processing Unit (VPU), aiming for Q4 2024 release. Backed by @BlockchainCapital and @1kxnetwork, the VPU promises enhanced speed and cost-efficiency for cryptographic workloads.
SEC Chair Gary Gensler allegedly sparked rumors of becoming Treasury Secretary if @KamalaHarris wins in 2024, says @CustodiaBank CEO Caitlin Long. The crypto community remains skeptical, with bipartisan consensus suggesting these rumors lack credibility.
? Solana ($SOL) users targeted by malicious Chrome extension ‘Bull Checker.’ Discovered by Jupiter platform, it modifies transactions to steal funds. Users should delete immediately to protect assets. Cybersecurity threats in crypto remain high, with $1.9B lost last year.
? Malicious Chrome Extension “Bull Checker” Drains $SOL DeFi Tokens! Jupiter Exchange reveals “Bull Checker” steals tokens from Solana users by appearing legitimate but transferring assets to a malicious wallet. Users urged to review browser extension permissions for security. #crypto #Solana #DeFi
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
Crypto adoption surged 6.4% in H1’24, with Bitcoin ($BTC) and Ethereum ($ETH) leading. Bitcoin ownership hit 314M, boosted by spot ETFs and the fourth halving, while Ethereum saw a 9.7% rise to 136M, driven by the Dencun upgrade.
Ex-SEC Crypto Chief David Hirsch joins McGuireWoods as partner, boosting their securities enforcement and regulatory counseling in D.C. Hirsch’s extensive experience in crypto asset registration and cybersecurity enforcement strengthens the firm’s capabilities in navigating complex cryptocurrency regulations. #Regulation #Crypto
China tightens anti-money laundering laws, classifying cryptocurrency transactions as money laundering methods. New guidelines from the Supreme People’s Court and Procuratorate take effect August 20, 2024, amid a 28.4% rise in money laundering prosecutions in early 2024.
$BITWISE acquires ETC Group, pushing AUM past $4.5B. This move includes Europe’s largest physical Bitcoin ETP and bolsters Bitwise’s European market presence, enhancing product offerings and expertise. #Crypto #Bitcoin
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
? Cybersecurity Breach: @AvaLabs COO Luigi D’Onorio DeMeo’s X account hacked, promoting $PIKA meme coin. Market cap surged to $388,570 before crashing 99%. Phishing links for Avalanche token giveaways also posted. No official statement yet. #Crypto #Cybersecurity
Colorado Chapel @HouseOfPrayer launches $2.5M blockchain initiative to purchase Old Stone Church. Pastor Blake Bush cites divine inspiration for using Stone Coin tokens ($500 each, $1500 minimum investment) via Retokens. #Blockchain #RealEstate #Innovation
