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News related to
crypto

The cryptocurrency market witnessed a surge in altcoin prices on Wednesday, with Ton (TON) experiencing a particularly significant rise. TON, the native token of the Telegram Open Network blockchain platform, jumped by an impressive 10% in the last 24 hours. This price increase propelled TON into the coveted position of 10th largest cryptocurrency by market capitalization, surpassing established players like Polkadot (DOT) and Chainlink (LINK). Analysts attribute […]

JOHANNESBURG, SOUTH AFRICA – Media OutReach Newswire – 5 June 2024 – Africa’s financial sector gears up for IT News Africa‘s highly anticipated Digital Finance Africa 2024 conference, scheduled for July 4th at the prestigious Maslow Sandton. Under the theme “Empowering Africa’s Financial Future: FinTech Innovations for Inclusive Growth,” this year’s event promises a day of strategic insights and networking opportunities. Abe Wakama, CEO of IT News […]

Fidelity Digital Assets, the cryptocurrency custody arm of financial services giant Fidelity Investments, has been hit by a significant decline in revenue in 2023. According to documents filed with Companies House, the business experienced a 60% drop in revenue compared to 2022, bringing in just £545, 000 ($695, 000) over the past year. This financial slump comes alongside a rise in operating expenses of 32% year-on-year, reaching […]

Russia’s Ministry of Finance has taken a significant step towards integrating cryptocurrency mining into the country’s economic landscape. In a recent announcement, the ministry officially recognized the practice, potentially paving the way for its classification as an industrial activity. This shift in stance could have major ramifications for the future of crypto mining in Russia, potentially ushering in a new era of regulations and taxation. Previously, the […]

Google’s ability to safeguard its platform from crypto scams utilizing deepfakes is under scrutiny following a recent incident. The controversy centers around a fabricated video featuring Elon Musk, the CEO of Tesla and a prominent figure in the cryptocurrency world. The deepfake, which appeared on YouTube Live, showed a manipulated Musk endorsing a giveaway where viewers could supposedly multiply their Bitcoin holdings. The scam amassed hundreds of […]

The Ethereum community descended upon Brussels, Belgium, for the seventh iteration of EthCC, a conference dedicated to exploring the future of the Ethereum blockchain platform. This year’s gathering focused on three key areas:the evolving regulatory landscape in Europe, potential solutions to blockchain scalability challenges, and the burgeoning phenomenon of Layer 3 (L3) scaling solutions. The European Union (EU) has taken a proactive approach towards regulating the cryptocurrency […]

Bitcoin’s price has captivated investors for years, with its wild swings and potential for immense returns. Now, as the dust settles from the recent halving event – a pre-programmed reduction in the issuance of new bitcoins – analysts are offering their outlooks on the future. The question on everyone’s mind:will Bitcoin repeat the stellar bull runs witnessed after previous halvings? The sentiment among many analysts leans bullish. […]

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LONDON, UK – Media OutReach Newswire – 3 June 2024 – Money20/20, the world’s leading fintech show, and the place where money does business, is set to commence its Europe show in Amsterdam next week on 4-6 June with a packed agenda focused on the increasingly crucial theme of ‘Human x Machine’. A key topic running through the agenda is ‘The Age of Atomic Finance’ which will […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 May 2024 – With the current capitalisation of 468.42 billion USD, Ethereum (ETH) is the second-largest cryptocurrency network by market capitalisation after Bitcoin. As many experts point out, Ethereum is well-positioned to remain a crypto powerhouse for many years to come. What makes this digital asset so unique, and what drove its robust growth over the recent years? […]

The winners of the TII McEliece Challenges, a competition designed to test the security of a promising post-quantum cryptography system, have been revealed. Launched by the Technology Innovation Institute (TII) in Abu Dhabi, the challenges invited participants to break various cryptographic puzzles based on the McEliece cryptosystem. This system is considered a frontrunner in the race to develop encryption methods secure against the growing threat of quantum […]

The meme world has crowned a new champion. Pepe, the cryptocurrency inspired by the ubiquitous frog meme, has seen a meteoric rise in May, solidifying its position as the most profitable major memecoin available. Fueled by a staggering 90% price surge this month, Pepe has propelled over 96% of its holders into profitability. This stands in stark contrast to other prominent memecoins, many of which have seen […]

Payments giant PayPal is making waves in the cryptocurrency space with the introduction of a novel feature for its PYUSD stablecoin. Launched recently on the Solana blockchain, PYUSD will now offer “confidential transfers, ” a mechanism designed to strike a balance between consumer privacy and regulatory compliance. Previously available only on Ethereum, PYUSD is a dollar-pegged stablecoin, meaning its value is directly tied to the US dollar. […]

The fight against climate change demands innovative financial instruments to propel the transition towards a sustainable future. Enter renewable asset-backed cryptocurrencies, a novel concept merging the power of blockchain technology with the tangible value proposition of renewable energy projects. These digital tokens hold immense potential to benefit both the renewable energy sector and environmentally conscious investors. At the heart of this concept lies the tokenization of real-world […]

Blum, a cryptocurrency platform founded by former Binance executives, has achieved a significant milestone, surpassing 8 million users. This rapid growth is attributed to the platform’s innovative features and robust customer support system, which has fostered widespread adoption among both seasoned crypto traders and newcomers to the digital asset space. Launched in late 2022, Blum has carved a niche for itself in the ever-growing cryptocurrency market by […]

Mastercard is making a move to streamline cryptocurrency transactions with the launch of its “Crypto Credential” program. This new initiative introduces usernames as an alternative to the long and complex wallet addresses that have been a barrier to wider crypto adoption. Traditionally, sending or receiving cryptocurrency requires sharing a lengthy string of alphanumeric characters, a cumbersome process prone to errors. Mastercard’s Crypto Credential replaces these addresses with […]

The Ethereum NFT market, once a red-hotbed of frenzied activity, has undergone a dramatic shift, with the number of traders plummeting by a staggering 85% over the past two years. This sharp decline, fueled by a confluence of factors, raises questions about the long-term viability of the NFT market and its underlying technology. The initial boom of Ethereum NFTs was characterized by a surge in popularity, with […]

Blockchain company Ripple injected another $25 million into FairShake, a political action committee (PAC) backing pro-crypto candidates in the U. S. This donation doubles Ripple’s contribution to FairShake, making them the group’s biggest donor by a wide margin. FairShake, a super PAC that can raise and spend unlimited amounts of money on political campaigns, has now secured over $110 million from cryptocurrency industry giants. This influx of […]

The Indian Institute of Technology Delhi Abu Dhabi (IIT Delhi-Abu Dhabi), the international branch of the prestigious Indian Institute of Technology Delhi, has unveiled its inaugural Bachelor of Technology (BTech) programs. These programs aim to cultivate the next generation of tech talent who will address crucial challenges in the energy and digital sectors. The first offerings include BTech degrees in Energy Engineering and Computer Science and Engineering. […]

Japanese financial services giant Nomura Holdings and its digital asset subsidiary, Laser Digital, are joining forces with GMO Internet Group to delve into the issuance of stablecoins pegged to both the Japanese yen (JPY) and the United States dollar (USD) within Japan. This collaborative effort signifies a growing interest in stablecoin technology from established financial institutions in the Asian nation. The announcement, made on May 27, 2024, […]

The value of altcoin (alt), a prominent player in the decentralized finance (DeFi) space, experienced a dramatic plunge over the weekend following controversial statements by its founder during an online forum. The price of alt, which reached an all-time high of nearly $30 per coin in early March, nosedived by over 70% within a 24-hour period, currently hovering around the $8 mark. This sudden downturn is being […]

The Normie project team, reeling from a recent exploit, has come to a surprising agreement with the responsible party. In a move that prioritizes user compensation, the team has accepted the exploiter’s offer to return 90% of the stolen Ethereum (ETH). This decision comes after a critical vulnerability in the Normie token protocol allowed unauthorized access to a significant amount of ETH. The exploit sent shockwaves through […]

NEW YORK, USA – Media OutReach Newswire – 24 May 2024 – Recently, ZUHYX, a leading global crypto asset exchange, announced a $200 million investment fund for venture investments and innovation incubation in the Web3 domain. This fund will support startups focused on increasing crypto adoption, emphasizing project incubation, early-stage development, and later-stage growth, thereby promoting the widespread adoption of blockchain technology and cryptocurrencies. “We aim to […]

SINGAPORE – Media OutReach Newswire – 24 May 2024 – AIRDROP2049 successfully concluded its maiden season on May 23rd after a five-week run, attracting over 1 million users from 190 countries and regions, alongside the participation of more than 50 partners. Notably, over 60% of users engaged in the activity through social invitations, underscoring the project’s widespread appeal and virality. In light of this achievement, the project […]

Hong Kong’s burgeoning cryptocurrency industry faces a setback as major exchange OKX announced its withdrawal from the market. The decision, effective May 31, 2024, comes after OKX opted to forgo its application for a Virtual Asset Service Provider (VASP) license – a key regulatory requirement for operating in the region. OKX’s announcement underscores the evolving regulatory landscape for cryptocurrency exchanges in Hong Kong. In 2023, the city […]

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Just in:
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