Crypto news

Litecoin’s value has plummeted by 36% since peaking on April 1st. The crypto asset hasn’t been generating much buzz on social forums either, as per latest data. Meanwhile, a certain cohort of small LTC holders have been quietly exiting the market. However, this has ignited interest in a potential bullish reversal shortly. According to Santiment’s findings, there has been a sudden liquidation of 45.2k net wallets holding between 0.1-1 LTC which suggests that small traders are...

India’s CBDC has attracted 5 million users and 16 banks. The RBI is in no rush to launch a full-scale CBDC program yet. India’s CBDC program has onboarded at least 5 million users and witnesses participation from 16 banks, revealed Shantikanta Das, the Governor of the Reserve Bank of India, the country’s central bank. In his talk on Monday in the Indian city of Bengaluru, Das mentioned the magnitude the program has grown to, but made the RBI’s stance on taking it slow clear. “It is important...

Maker, one of the first and largest DeFi lending protocols on Ethereum, has rebranded to “Sky” following key upgrades to its decentralized stablecoin system. That stablecoin, previously known as DAI, has also rebranded to USDS, and the MKR governance token has been changed to SKY. From MKR to SKY: What’s New? As announced over Twitter on Tuesday, SKY is an “upgraded version” of MKR obtainable by supplying USDS token to the Sky protocol through Sky.money. 1 DAI can be...

[PRESS RELEASE – Singapore, Singapore, August 28th, 2024] The decentralized derivatives trading platform ELFi Protocol has recently launched a liquidation subsidy program. Prior to September 15th, 2024, 0:00 UTC, users who conduct contract trading on the ELFi Protocol and accumulate a trading volume of no less than 1,000 USDC equivalent will be eligible to receive a maximum of 100 USDC as a subsidy for their first-time liquidation losses. This subsidy program will be...

New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance. Non-compliance penalties include fines up to $6,200 for providers and $621 for users. On August 26, 2024, New Zealand’s Minister of Revenue, Simon Watts, proposed a significant legislation amendment to improve transparency in cryptocurrency transactions. The “Taxation Annual Rates for 2024-25, Emergency Response, and Remedial Measures” Bill, which includes the OECD’s Crypto-Asset Reporting Framework (CARF) and...

[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, August 27th, 2024] Minutes Network Token team are pleased to announce two new initiatives that significantly upweight their Node holder rewards program. First, the share of Epoch rewards allocated to Node holders has been increased from 60% to 70%, and this additional 10% is excluded from the algorithmic burn process. Second, all Node holders will share from a specific 37.5million MNT reward pool which will be...

French President Emmanuel Macron addressed the recent arrest of Telegram CEO Pavel Durov. He stated that it was not politically motivated but part of an ongoing judicial investigation. In a post on X (formerly Twitter) on Monday, Macron reiterated France’s commitment to freedom of expression, innovation, and entrepreneurship. He emphasized that in a state governed by the rule of law, freedoms are upheld within a legal framework. As a result, it protects citizens and respects their...

TL;DR A trader made a significant profit by buying and selling a new Telegram-related meme coin called DOGS. Earlier this month, though, another trader lost nearly $900,000 on a Trump-themed meme coin, highlighting the high-risk nature of the sector. The Substantial Profit The ever-evolving meme coin sector has been one of the highlights of the crypto industry in the past several months, spewing new tokens quite frequently. One of the latest is Dogs (DOGS), an asset...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Bitcoin layer-2 Stacks will receive a highly anticipated upgrade on Wednesday, augmenting its transaction confirmation time. The DeFi ecosystem built on Bitcoin is set to receive a massive boost from Stacks’ Nakamoto upgrade. Stacks—a layer-2 Bitcoin network—will receive its latest upgrade, called Nakamoto, on Wednesday, August 28. With that, the Bitcoin community can witness high execution DeFi use cases unknown to the Bitcoin network. That will occur due to the numerous capabilities this...