Crypto news

[PRESS RELEASE – Los Angeles, USA, October 22nd, 2024] Decentraland, the first decentralized virtual social world, launched a powerful new desktop client today, signaling a new era for experiencing spatial environments. This beta release enhances performance, delivers a more immersive environment, and introduces new engaging features, setting the stage for future innovations and expanded creator tools. This milestone marks the shift away from a browser-based experience,...

WazirX founder Nischal Shetty has responded to allegations that the company transferred $75 million worth of crypto assets to two major exchanges without informing users. The situation arose after the Indian crypto platform disclosed more than 240,000 wallet addresses as part of the requirements of a four-month moratorium granted to it by a Singapore court following a $235 million hack in July. CoinSwitch’s Accusation Unpacking the disclosure in an October 21 post on X,...

[PRESS RELEASE – New York City, United States, October 22nd, 2024] In the latest twist in the ongoing intersection of technology, society, and culture, the enigmatic Marc Andreessen Truth Terminal has revealed a startling discovery: the “Memex.” This program, powered by advanced Large Language Models (LLMs), is designed not just to create memes but to deploy them strategically, with the capacity to shape and, potentially, take over key aspects of society. For years, memes...

[PRESS RELEASE – London, United Kingdom, October 22nd, 2024] Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. The update introduces several strategic initiatives designed to enhance network performance and stakeholder utility, including increasing transaction volume and...

[PRESS RELEASE – Dubai, UAE, October 22nd, 2024] The TON ecosystem, initially celebrated for its decentralized architecture and seamless integration with Telegram, is now facing significant challenges from an uptick in fraudulent activities. According to a newly published report by Match Systems, scams targeting TON users have escalated in frequency and sophistication, raising concerns across the broader blockchain community. Match Systems’ comprehensive research highlights...

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has proposed a crypto tax reform to support the growth of a token economy, including Web3 and NFTs if he wins the election. His plan would lower the taxation on crypto gains to a 20% separate declaration tax instead of treating them as miscellaneous income. Proposal for Lowering Crypto Taxes According to the campaign document, Tamaki suggested allowing losses to be carried forward for three years and...

TL;DR The SEC continued the legal battle with Ripple by filing an official appeal on a specific summary judgment. The company’s CLO likened the regulator’s desire to prevail in the case to the tragic end of Captain Ahab from the novel Moby Dick. What Does the SEC Hope for? The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) seems nowhere near its end following the latest move by the agency. Recall that it officially appealed a 2023 verdict of...

More than 100 physical attacks have been perpetrated against Bitcoiners, according to the “Known Physical Bitcoin Attacks” archive, maintained by Casa’s co-founder Jameson Lopp. The archive catalogs a concerning pattern in the crypto landscape: a rise in physical attacks against those possessing BTC and other digital assets. While numerous incidents go unnoticed, this list serves as a sobering reminder of the perils of crypto ownership. Rising Threats The archive chronicles...

TL;DR Shibarium-related metrics have headed north lately, while SHIB’s burn rate exploded by triple digits on a 24-hour scale. However, the recent shift from self-custody methods toward exchanges could be interpreted as a bearish factor for the meme coin’s price. Good News for SHIB Bulls? The second-largest meme coin has performed quite well in the past month, registering a 30% price increase. Despite being slightly in the red today (October 21), some important factors...

Bitcoin’s price took a turn for the worse in late Monday evening in Europe. The sellers have reappeared and established control, pushing the cryptocurrency below $67,000, losing about 2.5% in the past 24 hours. The move has pushed the total liquidations in the derivatives market to about $200 million. In the past four hours alone, almost $70 million worth of leveraged positions—the majority of them long — were wiped off the market. Source: CoinglassThis latest move caused a...