CryptoX – Cryptocurrency Analysis and News Portal Laser Digital, the digital asset asset subsidiary of financial services giant Nomura, has received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), the final stage of the licensing process, the company said in a statement Tuesday. Original Source The post Laser Digital, Nomura’s Crypto Arm, Receives Operating License From Dubai’s VARA appeared first on CryptoX. CryptoX Portal
Day: August 1, 2023
Dogecoin vs Bitcoin: Key Differences and Similarities
What is Dogecoin? Dogecoin is an alternative coin — more commonly known as an Altcoin — that was established by co-founders Jackson Palmer and Billy Markus in 2013. It was initially created as a joke — based on the well-known “Doge” meme. Each coin has its own blockchain infrastructure and operating system. Dogecoin runs on the same blockchain infrastructure and uses similar proof-of-work operating systems — a mathematical security system used to verify transactions and approve task execution — as Litecoin and Ethereum, with small modifications. How is Dogecoin different…
Nigeria’s SEC warns against trading on Binance
The Nigerian Securities and Exchange Commission (SEC) has warned local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular issued against a fraudulent company illegally using the Binance brand. On July 28, the SEC issued a warning against investing with Binance. The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal. It also reminds the public about the high level of risk and potential total loss of investments: “Any member of…
New meme coin raises over $6.5 million and could dethrone Shiba Inu
DigiToads, a new meme coin project, has raised over $6.5 million in its ongoing presale, drawing the attention of investors and enthusiasts. Its non-fungible token (NFT) staking platform and trading competitions set it apart from other meme coins. For this reason, investors can explore the project as they diversify their portfolios. Experts predict DigiToads’ gaming technology will likely continue supporting prices in 2023, even dethroning Shiba Inu (SHIB). DigiToads presale surpassing expectations DigiToads has raised over $6.5 million in its presale. The platform is gaining traction as a potential rival to…
Bitcoin dips below vital $29k mark as volatility hikes
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has dropped from the $29,000 mark for the first time since June 22. The downward movement comes as the broader crypto market witnesses a $21 billion fall. The flagship cryptocurrency is down by 1.5% in the past 24 hours, trading at around $28,930 when writing. Its total market capitalization is $562.6 billion. Total crypto market cap | Source: CoinMarketCap Along with Bitcoin’s fall, the global crypto market cap has also declined by 1.7%, according…
Meta to launch AI chatbots with personalities to retain users: Report
Meta, the parent company of Facebook and Instagram, plans to release artificial intelligence (AI) chatbots with human-like personalities as it focuses on user retention efforts, according to a report from the Financial Times. On Aug. 1 the FT reported that people close to the matter said prototypes of the chatbots have been underway with the final products being able to hold discussions with users at a human level. The range of chatbots will be able to display different personalities and are expected to be released as early as next month,…
FTX’s Draft Reorganization Plan Offers Hope for Recovery with Offshore Exchange Proposal
FTX, the beleaguered cryptocurrency exchange, has filed a draft plan of reorganization. According to the proposal submitted on Monday, FTX aims to create a “rebooted” offshore exchange accessible only to non-U.S. users. The plan seeks to categorize claimants into distinct groups, with FTX.com offshore exchange users referred to as “dotcom customers,” while FTX US users are labeled “U.S. customers,” media reports said. Under this proposal, each holder of a dotcom customer entitlement will be entitled to a pro-rata share of the proceeds from a pool of assets linked to the FTX.com…
Curve Concerns Threaten Major Market Crash
The Ethereum DeFi space is currently experiencing a rough few hours. All major DeFi coins are posting deep red numbers in the last 24 hours: Compound (-18%), Aave (-10%), Curve (-10%), Frax (-6%), and Synthetix (-6%). The reason? Curve Finance, a flagship decentralized exchange specializing in stablecoin swaps, recently suffered a significant exploit. The resulting aftershocks are being felt across the DeFi ecosystem, inciting fears of a broader Ethereum DeFi massacre. The exploit, causing a damage of around $100 million, sets off potential domino effects threatening the stability of the…
BALD meme coin surges 40,000% in 48 hours and then plunges
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recently launched meme coin, BALD, grew to a $50 million market capitalization from zero in one day. The coin experienced 40,000% growth in 48 hours before encountering a free fall. At the time of writing, BALD is down by over 95%. Moons and dumps Launched recently on Base, Coinbase’s layer-2 chain over Ethereum (ETH), BALD has appeared out of the blue and reached heights many coins only dream of attaining. However, like all meme coins with…
Bald (BALD) Token Gobbled Millions of Dollars From Investors, But Does it Have Connections to Alameda?
“Given the track record and the lack of contacts with other players (even 3AC actively interacted with BlockFi, Genesis, etc.), then we can point the finger toward someone from Alameda,” he tweeted, “And let’s try to answer probably the most critical question, SBF or Sam Trabucco?” Source