Month: August 2023

Bitso integrates Stellar, XLM rallies 20% lifting sentiment and bolstering Borroe presale

Strategic collaborations and partnerships play a pivotal role in shaping crypto. Bitso, a crypto exchange in Latin America, recently integrated Stellarโ€™s Anchor Network technology. The move aims to broaden the payments corridor between Latin America and the global cryptocurrency market, which has significant implications for projects such as Borroe (ROE) and its presale. Bitso partners with Stellarโ€™s Anchor Network Bitso partnered with the Stellar Development Foundation to integrate Stellarโ€™s Anchor Network technology. This collaboration aims to enhance connectivity between the Latin American crypto ecosystem and the global stage. The integration…

Reddit Collectible Avatars minting volume hits 20m

Despite the general market for non-fungible tokens (NFTs) slowing down in recent weeks, Redditโ€™s Collectible Avatars on the 0xPolygon platform has surpassed 20 million. According to Dune Analytics, more than 20 million Reddit Collectible Avatars have been minted since the collectionโ€™s launch in 2022. Some 16.1 million unique wallets hold the NFTs, with over 2.2 million having multiple avatars. By May 31, there were 13.9 million avatars held in about 10 million wallets. More than 6 million new NFTs have been minted in just over two months, and a similar…

Which European countries are the most ‘crypto-obsessed?’

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Slovenia is Europeโ€™s most crypto-obsessed country, based on searches as a percentage of the population. Luxembourg and the Netherlands take second and third, respectively. Thatโ€™s according to CryptoGambling.tv, a website that analyzes cryptocurrency trends, especially in the gaming and casino space. Over the past 12 months, there have been roughly 100,000 crypto-related searches in Slovenia each month, the site determined. In other words, there was an average of 4,789 crypto-related searches per 100,000 people โ€” the…

US Senator Files Amicus Brief Supporting Coinbase, Says Court Should Dismiss SEC Lawsuit Against Exchange

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A pro-crypto US Senator is filing an amicus brief in favor of Coinbase, saying that the court should discard the U.S. Securities and Exchangeโ€™s (SEC) lawsuit against the crypto exchange. In a new court filing, Republican Senator Cynthia Lummis of Wyoming asks the court to toss out the SECโ€™s lawsuit against Coinbase, which alleges that the top US crypto exchange sold unregistered securities. According to Lummis, the SECโ€™s enforcement actions are โ€œout of stepโ€ with the efforts of lawmakers to create a clear regulatory framework for the crypto industry. โ€œCrypto…

Quant, Bitcoin Cash, and Pomerdoge on demand, POMD presale in progress

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto investors frequently select various portfolios depending on the potential outcomes of different projects. In recent months, popular options for diversification include Quant (QNT), Bitcoin Cash (BCH), and Pomerdoge (POMD). Quant holds firm amid market shifts QNT is an ERC-20 token that primes the Quant Network. After the project launched in 2018, QNT rallied in 2021 but fell in 2022, and is currently stable. Even so, investors are bullish.ย  QNT is down 2% in the past…

SEC to appeal Ripple’s victory, Binance aims for growth, PayPal launches stablecoin

Amid ongoing regulatory efforts, the U.S. Securities and Exchange Commission (SEC) is poised to contest Rippleโ€™s recent victory. Binance captures attention with ambitious growth moves, while PayPal introduces its very own stablecoin.ย  Greater scrutiny in the U.S. This week, government agencies sought to establish clarity. The Federal Reserve introduced an innovative endeavor aimed at overseeing cryptocurrency operations within banking institutions. The Novel Activities Supervision program will diligently track activities pertaining to cryptocurrencies, encompassing trading and lending, with a particular emphasis on enhancing the security of stablecoins. The SEC deferred its…

Toncoin Throws Weight To Lead Weekend Top 20 With 15% Rally

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The dynamic and ever-evolving blockchain community has shown a great deal of interest in and enthusiasm for Toncoin (TON). Due to its technological underpinnings and innovative answers to the long-standing problems that have plagued the field of decentralized finance, this digital money has risen to popularity very quickly. At the time of writing, TON was trading at $1.46, registering an impressive 10.4% increase in the last 24 hours. Equally impressive is the cryptoโ€™s price rally in the last week, when it registered a 22% climb, data from crypto market tracker…

Brazil to tax crypto held abroad by citizens

The Brazilian Congress is pushing forward legislation allowing for the taxation of crypto assets held abroad by citizens of the South American country. According to the local press, Brazilian lawmakers on Aug. 11 approved amendments to a bill that defines cryptocurrencies as financial assets for the purpose of taxing foreign investments.ย  Brazilโ€™s Congress moves to levy higher taxes on cryptocurrencies If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. pic.twitter.com/yt0ik5j68o โ€” Trading Haber ๐Ÿ‡น๐Ÿ‡ท (@TradingHaber) August 12, 2023…

Shiba Inu Leaves Bitcoin Behind In A Week Of Price Surges

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The Shiba Inu (SHIB) coin has exceeded even the top 10 established cryptocurrencies this week, posting a solid 15% increase that has captivated the attention of the cryptocurrency community. The notable ascent in SHIBโ€™s price is closely associated with its current rate of burning, which has witnessed a significant upturn in the last 24 hours. Based on the Shibburn data, a total of 111,799,146 SHIB tokens have undergone incineration, leading to a substantial 57% surge as per the most recent update. Shiba Inu Gets Price Boost From Burn Rate Throughout…

Litecoin and Monero stumble, DigiToads retains bullish momentum

The crypto landscape is a dynamic interplay of volatility, where even established giants encounter hurdles while new entrants rise to prominence. Currently, Litecoin (LTC) and Monero (XMR) are grappling with downturns, while an emerging project, DigiToads (TOADS), is carving market share. Amid a broader market decline in July 2023, Litecoin and Monero suffered setbacks, falling by 40% and 30%, respectively. Their collapse reflects highlights the challenging crypto market conditions. Amidst increasing market interest, DigiToads is gaining popularity with its play-to-earn (P2E) gaming ecosystem.ย  The ongoing presale has already raised over…