About the process of distributing tokens, including initial coin offerings (ICO), security token offerings (STO), and other forms of token sales
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 $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
Bitcoin ETFs ($BTC) gain $11.11M on Aug 15, 2024, while Ethereum ETFs ($ETH) face $39.21M outflow. @Fidelity, @BitwiseInvest, and @Grayscale see Bitcoin inflows, but Grayscale’s Ethereum Trust hits $42.52M outflow. Potential market sentiment shift. #CryptoNews
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
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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“Terra Luna Classic ($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”
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
State Street Corporation is exploring the launch of a stablecoin and deposit token to boost cross-border payment efficiency using blockchain. This move marks a key shift in integrating digital assets with traditional finance. #Update #Blockchain @StateStreet
ZKX protocol, the first perpetual futures exchange on Starknet, has shut down due to low user engagement. Founded in 2021 and backed by $4.5M, it struggled to sustain itself despite innovative zk-rollup technology.
Pepe Unchained (PEPU) raised $6M in presale, debuting as the first Pepe memecoin with a layer 2 solution. Analysts predict up to 100x returns, making it a promising investment. Current price: $0.0087693. #Update
Grayscale’s Bitcoin ETF (GBTC) fell 11% to $52.87 amid outflows and the spinoff of the Bitcoin Mini Trust. Each shareholder will receive BTC shares, aiming to enhance market stability and transparency.
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.
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
Riot Platform has acquired Block Mining for $93 million, boosting its self-mining hashrate by one exahash per second, enhancing competitiveness and solidifying its position in the cryptocurrency mining sector.
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
