News and information regarding cryptocurrency wallets, including hardware and software solutions for storing crypto assets
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
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
Phantom Wallet resolves balance display bug after user concerns. Despite the issue, user funds remained secure. Launched in 2021, Phantom now boasts over 7M monthly active users, ranking third in July for crypto wallet downloads. #Crypto #PhantomWallet
Ledger ($LEDGER) and @RevolutApp team up to streamline crypto purchases and boost security. Verified Revolut users in select EEA countries can now buy crypto via Ledger Live using their Revolut accounts or cards. #Crypto #Fintech
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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Breaking: StakeKit integrates TRON Stake 2.0 with Ledger Live, enabling seamless staking in three taps. Benefits include partial unstaking and enhanced token control. TRON boasts 244M+ user accounts and $20B in total value locked. $TRX #Update
Ripple teams up with Dubai’s DIFC Innovation Hub to accelerate blockchain adoption in the Middle East. The partnership aims to leverage Dubai’s crypto-friendly regulations and foster innovation. Plans for an independent XRPL Foundation are also underway. $XRP #Blockchain #Update
? A fake Phantom wallet app in the Apple Store is draining users’ funds when they recover accounts with a private key. Promoted by Meta Voxify, it has led to over $100K in losses. Stay vigilant! #CryptoSecurity
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
? The $XRP Ledger backed by @Ripple is seeing a surge in activity, identified as a DDOS attack. Since Dec. 28, the network averages 5M daily transactions, affecting speed and functionality. Experts link it to fraudulent trading. #CryptoNews #Update
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
Trust Wallet partners with The Open Network (TON) to integrate with Telegram, enhancing GameFi and dApps with token swaps, cross-chain exchanges, and NFT support. TonKeeper wallet integration and Bitcoin bridge launch planned for 2024.
Bitget has integrated The Open Network (TON) into its wallet, enabling trading of native assets and Toncoin (TON) via cross-chain venues. TON mainnet transactions on Bitget Wallet surged, making it the most transacted network on the platform, outpacing Arbitrum and others. #CryptoNews
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
