Crypto news

Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners. TDC is concerned that Nvidia’s lawsuit could lead to more crypto-related cases. The Digital Chamber (TDC), formerly known as The Chamber of Digital Commerce, has expressed concern about a US Supreme Court ruling that could restart a case against chipmaker Nvidia. According to an amicus brief filed by TDC on August 20, the case could lead to an increase in “frivolous securities lawsuits” in the cryptocurrency...

Fundstrat Head of Research Tom Lee believes hopes of a Trump election victory in November could boost asset prices – and that includes Bitcoin. “When the market becomes more convinced of that, you’ll see cyclicals, small caps, and bitcoin do better,” he told CNBC on Thursday, “because those are clear policy differences.” The Bitcoin Trump Trade According to Lee, the market currently believes that Trump has a higher likelihood of winning than the polls are showing, and it...

Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with monitors and officials, shared these hiring targets in an interview with Bloomberg News in New York on Wednesday. Focus on Compliance Bloomberg’s report revealed...

Bitcoin’s developer community has spent several months singing the praises of OP_CAT – a proposed soft fork change that many believe is Bitcoin’s next evolution. BitVM creator Robin Linus has his reservations, however, publishing an article on Thursday debunking perceived misconceptions about the widely touted change. Is OP_CAT the Future of Bitcoin? The developer’s post – titled “Prevent the CATastrophe” – argued that OP_CAT can introduce risks to Bitcoin that proponents...

According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $8.4 million in inflows, while Franklin Templeton’s EZBC and Invesco Galaxy’s BTCO received inflows of $3.5 million and $2.5 million,...

TL;DR Cardano’s ADA has risen by 33% since the August 5 crash, with potential for further growth depending on broader market trends and other factors. An upcoming Cardano hard fork focused on decentralization and community-driven governance could also boost ADA’s price. Is There a Chance? Cardano’s ADA has experienced a substantial resurgence lately, with its price rising by around 10% on a two-week scale. Currently, it trades at around $0.36 (per CoinGecko’s data),...

[PRESS RELEASE – Astana, Kazakhstan, August 22nd, 2024] 1MarketMakers are launching a new service – 1MM Startup Kit, which will assist startups entering the market. According to the team, to remain competitive in the market, blockchain startups must now adhere to traditional business principles. It’s not enough to simply activate a bot for automated liquidity maintenance. Long-term solutions are crucial: community support, marketing, a sound economic strategy, and tokenomics...

[PRESS RELEASE – San Francisco, United States, August 22nd, 2024] Topper stands out as the premier onramp solution in the crypto space due to its unique combination of ease-of-use, high approval rates, and broad asset support. Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, has announced a partnership with Argent, the leading smart wallet on Starknet, with over 2 million users. This collaboration expands global access to the Starknet ecosystem...

McDonald’s Instagram page was reportedly hacked on August 21, leading to a significant scam involving a Solana-based meme coin. The perpetrators exploited the fast-food chain’s social media account to promote a fraudulent token named “Grimace,” referencing one of McDonald’s fictional characters featured in its advertisements. Bubblemaps’ findings reveal that the hacker acquired 75% of the Grimace token’s total supply using the Solana meme coin deployer pump.fun. The attacker...

DBS Bank is implementing a blockchain pilot for government grant disbursements in Singapore. The pilot project initiatives to improve fund distribution and eliminate manual oversight. DBS Bank in Singapore has launched a ground-breaking solution that uses blockchain technology to enhance the disbursement of government funds, signaling a significant move toward efficiency and transparency. In a recent pilot, DBS teamed with Enterprise Singapore (ESG) and the Singapore Fintech Association...