Crypto Biz: Telegram and OpenSea on authorities’ radar

August 30, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.

The non-profit research organization Plasma Group announced in a Jan. 9 blog post that it would cease studying Ethereum scalability. Identifying funding of public goods as the next key challenge, it pledged to donate its remaining funds to Gitcoin.Plasma Group was founded in Jan. 2019 with the goal of pushing research toward Ethereum scalability solutions…

Analyst ‘wouldn’t be surprised’ if Ethereum outperforms Bitcoin in January

Ethereum’s relative strength to Bitcoin could climb in January, which an analyst says might trigger an Ethereum “altcoin run.”

Ripple CTO says community could force the company to burn 48 billion XRP

Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed. 2900 Total views 5 Total shares Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it…

Chingari integrates native token to advance Web3 social networking

Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain.Translating into the word ‘Spark’ in the languages of Urdu and Hindi — a branding visibly consistent with its flame icon —…

Tether, Kraken, Fabric Ventures back new MiCA-compliant stablecoins

Quantoz Payments has partnered with Kraken, Tether and Fabric Ventures to launch MiCA-compliant EURQ and USDQ stablecoins in the EU, aiming for secure, efficient digital payments.

Ethereum DeFi Broke Records in June, But Other Categories Are Suffering

Ethereum’s 2020 DeFi boom came at the cost of its gaming ecosystem. 318 Total views 10 Total shares Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi.Decentralized exchanges were at the frontlines of the rise as Compound token mining…

Bitcoin Falls Below $3,500 as Fresh Downturn Hits Cryptocurrency Markets

Monday, January 28 — Bitcoin (BTC) lost 3 percent and altcoins shed up to one tenth of their value as bearish moves returned to cryptocurrency markets.Market visualization from Coin360Data from Cointelegraph’s price tracker and Coin360 shows a downtrend at the start of the week, with BTC/USD losing support at $3,500.A sudden dip ended what had…

KuCoin to launch DeFi products in 2022 with fresh $150M raise

The global crypto exchange KuCoin expects to launch decentralized wallet products later in Q2 2022, also planning to roll out its NFT marketplace Windwave in the near future. 127 Total views 19 Total shares The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by…

CFPB proposes crypto firms refund users for funds lost to hacks

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

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