Month: August 2023

Vitalik Buterin throws shade at XRP centralization

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) co-founder Vitalik Buterin recently lashed out at XRP, and applauded his own community’s stance against regulatory measures. While Buterin admitted to not delving into the intricate specifics of the ongoing situation, he praised Ethereum’s stance against any measure that could unjustly privilege ETH. If they had restricted XRP I wouldn’t have said anything — DavidHoffman.eth🦇🔊 🏴 🔴 (@TrustlessState) August 17, 2022 Buterin’s tweets further ignited discussions about the decentralization of various cryptocurrencies, with his…

Trump reveals crypto and NFT holdings

Freshly uncovered documents revealed that former President Donald Trump is capitalizing on the non-fungible token (NFT) surge, with Ethereum holdings potentially reaching up to $500,000. Unveiled financial data reveals a substantial involvement in cryptocurrencies, intertwined with a thriving NFT venture. Financial disclosures indicate Trump’s Ethereum wallet boasts a substantial balance ranging from $250,000 to $500,000. This venture into the realm of NFTs materialized post-presidency. Notably, Trump enjoyed success with his limited edition $99 trading cards, portraying him in many scenarios — from hunting attire to superhero guise — early on.…

Want A Bitcoin Spot ETF? Then Prove BTC Is Not Manipulated, Says SEC

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With multiple applications for a spot Bitcoin ETF already filed, many have continued to speculate when the SEC is likely to give its approval or otherwise. To further add to speculations, Galaxy Digital CEO Mike Novogratz, citing his sources, stated that approval was likely to come within four to six months. However, recent developments seem to suggest that the wait could be longer.  SEC Stalling? In a release dated August 11, the US Securities and Exchange Commission (SEC) has moved to delay the ARK 21Shares Bitcoin ETF in a move…

Argentina criminalizes peso burning amid growing crypto use

Argentina has outlawed the burning or tearing of the country’s fiat currency, the peso, in Buenos Aires soccer stadiums. On Aug. 10, the Argentinian government issued a proclamation criminalizing any form of destruction of the peso (ARS), even as year-on-year inflation in the South American country surpassed 100%. Soccer fans from neighboring countries have been tearing and burning peso notes in stadiums to provoke their Argentine rivals. In response, the Agency for the Prevention of Violence in Sports has stated that law enforcement officers would arrest offenders, and they could…

Brazil’s Congress moves to levy higher taxes on cryptocurrencies

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Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against Brazil’s fiat currency, as well as foreign exchange rate fluctuations. According to congressman Merlong Solano, the revision seeks to promote equal tax treatment since crypto investments abroad currently receive lower tax breaks. The legislation places…

Bankrupt Voyager moves massive amount of crypto to Coinbase

Cryptocurrency firm Voyager transferred digital assets to Coinbase, as part of a significant stride toward finalizing its monetary obligations.  The Singapore-based company orchestrated the transfer of 1500 Ether (ETH), equating to a value of $2.77 million — alongside 250 billion SHIB tokens amounting to $2.7 million — to Coinbase. The move arrives amidst Voyager’s ongoing proceedings, which have seen the company strategically shifting its remaining tokens from auxiliary addresses to primary ones. • 1 小时前，#Voyager 将 1500 $ETH($2.77M)、2500 亿 $SHIB($2.7M) 转入 Coinbase。• 另外 Voyager 正在将旗下钱包地址里的剩余代币全部归集到主地址。 Voyager 用户的加密货币索赔已结束，现在应该已开启最后的法币赔付流程：将剩余加密货币出售后向用户赔付美元。（此前 Voyager 用户可以在… https://t.co/ToeE3cnr3A…

Tron, VeChain and Pomerdoge top crypto charts, bulls confident

Monitoring how crypto assets perform is crucial for making informed decisions. Tron (TRX), VeChain (VET), and Pomerdoge (POMD) are actively being monitored, considering their recent gains.  TRX falls on Huobi rumors, Justin Sun responds Huobi’s alleged insolvency and the arrest of its executive in China led to substantial withdrawals of around $64 million last weekend. Tron (TRX) fell 12% in the past week due to CEO Justin Sun’s affiliation with the exchange.  However, Sun later dismissed concerns, terming them futile attempts to create fear, uncertainty, and doubt (FUD) while urging…

Crypto Analyst Shares Bullish Insights on Chainlink As Users Accumulate 295 Million LINK

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Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments.  Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about…

THORChain (RUNE) 21% Charge Emerges As Top Weekly Gainer

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The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%. This resurgence has sparked intrigue and excitement among crypto enthusiasts and investors, prompting a closer examination of the factors contributing to this rapid upward movement. THORChain (RUNE) Has experienced a significant spike in the past week: Source @Tradingview The Catalysts Behind The Surge RUNE has made a resurgence…

Polygon’s on-chain activity surging as Borroe targets low fees, scalability

There is an uptick in on-chain activities, particularly in the Polygon ecosystem. This trend is evident as various projects, including those in decentralized finance (defi) and artificial intelligence (AI), like Borroe, position themselves on the Ethereum sidechain, tapping on improved scalability and reduced transaction fees.  This article examines Polygon, highlighting Borroe’s presale and its alignment with crypto trends. Borroe on Polygon Borroe has been attracting interest, especially in the ongoing presale. In the beta stage, the platform sold $250,000 of ROE in five days, highlighting its potential in crypto. In stage 1…