General category for all types of news related to the cryptocurrency world.
Pepe Unchained, a new Layer 2 memecoin, raised over $5M in presale, including $1M last week. Priced at $0.0086304, it promises 100x faster, cheaper transactions and 369% APY staking. Analysts predict 10x-100x returns. #CryptoNews
MonoSwap was hacked after a developer fell for a scammer posing as a venture capitalist. Users are urged to withdraw staked funds to avoid losses. The team is investigating and planning refunds. #CryptoSecurity #Update
Kamala Harris, backed by Joe Biden, aims to mend ties with the crypto community amid regulatory backlash. With 3,107 delegates, Harris may pivot from Biden’s stance as Donald Trump emerges as a “crypto candidate.” #Crypto #Update
Pepe ($PEPE) surged 8.2% to $0.00001308, its highest since June, with 24h volume at $1.6B, outpacing $DOGE and $SHIB combined. Open interest hit $155M, driven by whale accumulation. Holders now exceed 264K. #Update
Senator @CynthiaMLummis opposes a 30% energy tax on Bitcoin miners, arguing it risks pushing the industry overseas and stifles innovation. Up to 52.6% of Bitcoin mining is emissions-free, and the tax targets even off-grid sources. #CryptoNews
Polymarket partners with MoonPay to add bank transfers, credit cards, and more crypto options for betting amid surging volumes. Trading hit $260M in July, driven by the US presidential elections. Despite growth, @PolymarketHQ remains unavailable in the US due to regulations. #CryptoNews
Backed and @LiskHQ partner to boost real-world asset adoption in emerging markets. Leveraging @Backed’s RWA expertise and Lisk’s $LSK blockchain tech, the collaboration includes up to $100K grants for African entrepreneurs. #Update
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Rollblock, in stage 4 of presale, is stirring excitement with its web3 GambleFi platform, surpassing $1.2M. Investors are optimistic about its potential and passive income via staking. $RBLK $SHIB $ADA #Crypto #Update
Decentralized computing is overtaking centralized providers like AWS, offering cost-efficient AI development by using global unused GPUs. This democratizes access for smaller businesses while improving data privacy through techniques like federated learning. #AI #Update
South Korea’s FSS summons 5 major crypto exchanges, including Upbit & Bithumb, over fee hikes post new crypto laws. This July 24, 2024 meeting aims to ensure fair competition and user protection. #CryptoRegulation #Update
AI investment could hit $1 trillion, but experts are divided. MIT’s Daron Acemoglu sees minimal impact, while Goldman Sachs’ Joseph Briggs predicts significant gains. Bitcoin miners pivot to AI amid rising computational demands. #Update #AI #Crypto
Franklin Templeton highlights Solana as a key player to propel crypto forward, hinting at a possible Solana-based ETF. Solana’s resilience and adoption are noteworthy, with its price at $177 on Binance. Community reactions to the ETF are mixed. #CryptoNews #Update
Hex Trust receives approval from the Monetary Authority of Singapore to offer Digital Payment Token services, enhancing regulatory clarity for institutional clients’ digital asset management. This follows their 2023 Dubai license and $104M funding. #CryptoRegulation
