Korean Prosecutors View XRP as a Positive Development
South Korean prosecutors’ pursuit of fraud charges against Do Kwon and Terraform Labs faces complications after the XRP trial verdict. Key Points The recent ruling in the XRP trial has raised concerns among South Korean prosecutors who are seeking to convict Do Kwon and Terraform Labs of fraud and securities violations. The ruling by a US court, which declared that …
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Russian Banks Demand Answers on Digital Ruble
Russian banks seek clarity from the Central Bank on the digital ruble, raising questions about its implementation and impact. Key Points Russia’s Association of Russian Banks (ARB) has sent a letter to the Central Bank of Russia, requesting clarification on the country’s plans for a Central Bank Digital Currency (CBDC) known as the digital ruble. The ARB expressed concern over …
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Curve Finance Offers Bounty to Identify Exploiter
Curve Finance offers $1.85 million bounty to identify hacker after $60 million exploit; some funds returned voluntarily, security concerns raised in DeFi ecosystem. Key Points Curve Finance, the decentralized finance (DeFi) platform that suffered a devastating exploit resulting in a loss of over $60 million, has announced a bounty of $1.85 million to anyone who can identify the exploiter. In …
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Airdrop Announced by Environmentally-Friendly Cryptocurrency
Chimpzee, an eco-crypto initiative, combines blockchain and environmentalism, attracting eco-conscious investors and contributing to conservation efforts Key Points Climate change is no longer a distant, future threat; it is here, altering our world with rising sea levels, catastrophic wildfires, and record-breaking heatwaves. The urgency of this crisis calls for more than just acknowledgment—it demands robust climate activism. This pressing need …
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KPMG Study Reveals Bitcoin Mining’s Ability to Reduce Carbon Footprints
Bitcoin miners are cutting costs by relocating near affordable sources of renewable energy, as per KPMG’s analysis. Key Points KPMG’s recent analysis sheds light on the strategy employed by bitcoin miners to cut down on costs by relocating near affordable sources of renewable energy like solar and wind. In today’s digital era, cryptocurrencies have taken the financial world by storm. …
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Shiba Inu Surges Despite Market Decline
Shiba Inu (SHIB) stands out with a bullish trend, defying the broader crypto market, fueled by whale buying and technical analysis. Key Points Despite a lackluster performance in the broader crypto market, Shiba Inu (SHIB), a leading meme coin, stands out with its bullish trend. With an influx of over $150 million in trading volumes over the past 24 hours, …
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HAIRY Coin Joins BALD Coin in Coinbase’s Layer 2 Blockchain
The meme coin BALD on Coinbase Layer 2 Blockchain experiences a massive price surge, and its new partner, HAIRY coin, shows significant growth potential. Key Points The BALD coin price has skyrocketed, making it the first meme coin on the Coinbase Layer 2 Blockchain to go viral. And now, it has found a partner in the form of HAIRY coin. …
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Wall Street Grapples with Crypto Custody
Nasdaq’s shelving of crypto custody plans leads US firms to reconsider crypto push, while Societe Generale receives a crypto custody license. Key Points A decision by the Nasdaq stock exchange to shelf its plans to launch a crypto custody service has led other US firms to also reconsider their planned push into crypto. Following the Nasdaq news, major investment bank …
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Twitter Owner Elon Musk Reveals Rebranding Plans for Social Media Platform
Elon Musk plans to rebrand Twitter as a new super-app called “X” with a global marketplace and potential cryptocurrency integration. Key Points Twitter owner Elon Musk has announced plans to rebrand the social media platform as a new super-app called “X.” The rebranding aims to create a global marketplace for ideas, goods, services, and opportunities, with a focus on unlimited …
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Latest Analysis Reveals the Bright Future of Blockchain Gaming
DappRadar’s Q2 2023 analysis highlights blockchain gaming’s shining potential and its significant growth in the industry. Key Points DappRadar’s recent analysis for Q2 2023 highlights the shining potential of blockchain gaming. This exciting industry has surpassed expectations, showcasing its value beyond finance. With a 36% industry engagement and remarkable increases in active wallets for Klaytn and Oasys, blockchain gaming is …
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