Dubai Court confirms legality of crypto salaries. Case with EcoWatt Tokens ($EWT) sets precedent, aligning with UAE’s progressive digital asset rules. This could drive broader crypto adoption in salary structures. Read more: https://hodl.press/dubai-court-approves-legal-crypto-salary-payments/ #Crypto #UAE
? Floki partners with @NFFC, boosting global reach via LED boards, social media, and matchday programs. Exclusive fan offers enhance engagement. The EPL’s 3.23 billion viewership amplifies Floki’s exposure. ?⚽ $FLOKI #Crypto #SportsNews
Source: hodl.press
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
$XRP lawsuit update: Ripple’s CLO Stuart Alderoty states the SEC has only a 10% chance of winning the appeal. Ripple aims to settle within 24 days and pay a $125M fine, paving the way for an XRP ETF. #CryptoNews
Kamala Harris’ crypto town hall, labeled a “clown show” by $TylerWinklevoss, drew criticism for her absence and lack of clear crypto policies. Participation from $ChuckSchumer and $MarkCuban failed to address core industry concerns. #Crypto #Regulation
Bitcoin options expiry eases market volatility. 24,000 $BTC options with a 0.83 put-call ratio signal balanced sentiment. $BTC price faces resistance at $61,300 and support at $54,000. $ETH options show similar trends. #CryptoNews @Bitcoin @Ethereum
Chinese national kidnapped in Malaysia; $1.1M Bitcoin ransom paid. Six suspects arrested, including the victim’s driver. They face 30-40 years in prison and corporal punishment. Incident highlights rising crypto-related kidnappings in Asia. Next court date: Oct 8, 2024.
? Binance ($BNB) resumes operations in India after registering with FIU-IND, enhancing digital asset services. CEO Richard Teng highlights commitment to AML standards. Binance paid a $2.25M penalty to secure its return. ?? #Crypto #India @binance
? Bitcoin ETF outflows hit $81.36M on Aug 14, while Ethereum ETFs gain $10.77M in inflows. Selective inflows seen in $IBIT and $EZBC. Shifting investor preferences highlight growing confidence in $ETH. #Cryptocurrency #ETF
“Fin+AI 2024 in Florida, Oct 2-4, to feature top AI and fintech speakers from @BankofAmerica, @EarnUp, and @RBI. Canadian delegation led by @TradeCan will showcase expertise. Chris Skinner to present ‘Intelligent Money’ on digital currency. #FinAI2024”
NYSE American withdraws Bitcoin ETF options proposal, joining Cboe, MIAX Pearl, and BOX Exchange in regulatory uncertainty. SEC delays continue to challenge crypto markets. $BTC #Bitcoin #CryptoNews
Wisconsin divests $64M from $GBTC, shifting to $IBIT for stability. SWIB’s strategic move reflects growing institutional confidence in more reliable Bitcoin ETFs. #Crypto #Investment #Bitcoin
Source: [link]
North Korean hackers steal $1.3M from crypto project by converting $SOL to $ETH. Funds laundered via Tornado Cash. Hackers linked to 25+ attacks since June 2024. Experts urge better vetting and security measures. #CryptoSecurity #CyberCrime
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
