News

POL to MATIC

Polygon Kicks Off MATIC to POL Token Migration: What You Need to Know

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Polygon’s Major Token Migration Begins Polygon, the Ethereum-based Layer-2 powerhouse, is set to initiate its much-anticipated migration from MATIC to POL tokens within hours. This upgrade is a key step in Polygon’s evolution, aiming to enhance token flexibility and bolster the network’s functions as part of its broader “Polygon 2.0” roadmap. Auto-Conversion for MATIC Holders …

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NVIDIA Plummets in Value Amidst DOJ Antitrust Probe

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The NVIDIA stock experienced a historic plunge, losing nearly $280 billion in market value in a single day due to the U.S. Department of Justice’s (DOJ) antitrust investigation. This 9.5% drop marks one of the most significant one-day losses in U.S. stock market history, sending shockwaves through the financial markets. DOJ Antitrust Investigation Sparks Market …

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Trump family scam

Trump family accounts hacked to pull off Solana scam

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Hackers have targeted the X accounts of Lara and Tiffany Trump, posting deceptive links to sham crypto projects. The official X accounts were compromised on September 4th, with the hackers promoting fake blockchain addresses for the upcoming World Liberty Financial (WLF) project. Eric Trump, Lara’s husband, confirmed the breach in a now-deleted post, urging users …

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Crypto Market Reacts to Economic Signals: Fed Rate Cuts and Manufacturing PMI in Focus

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The crypto market is currently experiencing heightened volatility, driven by key macroeconomic indicators and the ongoing debate over potential Federal Reserve rate cuts. Investors are particularly focused on the US ISM Manufacturing PMI, using it as a gauge for future monetary policy decisions. Mixed Sentiments Surrounding Fed Rate Cuts Recent discussions reveal a divided market …

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Qatar digital assets

Qatar brings regulatory framework for digital assets

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The Qatar Financial Centre (QFC) has introduced a comprehensive regulatory framework for digital assets, aiming to build a secure and transparent ecosystem that adheres to international standards. The new framework aligns with Qatar’s Third Financial Sector Strategy and is expected to attract both domestic and international players, bolstering the country’s financial services sector. The QFC’s …

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Coinbase AI

Coinbase Breaks Ground with First AI-to-AI Crypto Transaction: A Glimpse into the Future

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Coinbase Pioneers AI-to-AI Crypto Transactions In a remarkable development for the crypto and AI industries, Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction. This milestone showcases how artificial intelligence (AI) agents can now engage in digital transactions, marking a significant step forward in the intersection of AI and blockchain technology. The Transaction: …

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MakerDAO

Sky Ecosystem Emerges from MakerDAO, Introducing $USDS Stablecoin

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In a landmark development within the decentralized finance (DeFi) sector, MakerDAO has rebranded as Sky Ecosystem, effective September 2, 2024. This rebranding represents not just a change in name but a strategic shift aimed at enhancing innovation and accessibility in the DeFi space. Introducing $USDS and $SKY: New Tokens for a New Era Central to …

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Australia Bitcoin ATMs

Australia with highest growth in Bitcoin ATMs

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Bitcoin ATMs are rapidly proliferating in Australia, making it the fastest-growing market for these kiosks globally. Users of these ATMs can deposit cash to receive cryptocurrency in digital wallets or withdraw cash from crypto sales. The United States leads the market with around 32,000 machines, followed by Canada with 3,000. Australia has surged to third …

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Brazil X ban

Brazilian Supreme Court Bans X, Fines VPN Users: Crypto Community Impacted

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X Ban in Brazil: A Blow to Crypto Enthusiasts X has been banned across Brazil by the Supreme Court. This decision is a significant setback for crypto enthusiasts who rely on X for real-time information and discussions about various projects. The ban leaves millions without access to the platform, disrupting the flow of vital crypto-related …

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Blackrock outflows

BlackRock Bitcoin ETF sees $13.5M in outflows.

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BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, marking its first major loss in four months. This downturn follows similar outflows in May, where the fund saw losses totaling $36.9 million. The outflows are notable given the ETF’s popularity among retail traders seeking …

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