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Aleph Zero Launches zkOS-Powered Ethereum Layer 2 Mainnet

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Aleph Zero, a blockchain ecosystem focused on privacy and efficiency, has launched its new Ethereum-compatible layer-2 solution on its mainnet. This launch integrates Arbitrum Orbit technology and zkOS tools to revolutionize blockchain privacy and speed. Mainnet Features and Implications The Aleph Zero EVM L2, built in collaboration with rollup-as-a-service (RaaS) provider Gelato, uses Arbitrum Orbit …

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Record $28.7 Million Monthly Income for Pump.fun

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In an impressive milestone, Pump.fun has achieved record monthly agreement income, totaling $28.73 million in July. This achievement highlights the growing retail interest in Solana-based memecoins, such as WIF and BONK. Pump.fun Income hits Record According to an August 13 post by Entropia Intel news aggregator, Pump.fun, a memecoin creation platform on the Solana blockchain, …

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Bitcoin and crypto not mentioned in Musk-Trump conversation

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During a Monday evening interview with X CEO Elon Musk, former President Donald Trump did not address bitcoin (BTC) or crypto. The conversation, which spanned over two hours, touched on various subjects such as illegal immigration, the economy, AI, and global warming. The interview, which drew in over a million listeners, experienced a delay of …

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Bitcoin Mining Rewards Hit Record Low in 2024

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In a surprising development, Bitcoin mining rewards are facing a significant decline, reaching rock bottom in 2024. On August 11th, daily Bitcoin mining rewards plummeted to a mere $2.54 million worth of BTC, marking the lowest earnings since October 2023. The Impact of Bitcoin Mining Rewards The recent Bitcoin halving event, which occurred in April …

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Binance Altcoins Delist

Binance to Delist 6 Altcoins: Action Required by August 26, 2024

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Binance, one of the world’s largest crypto exchanges, has announced the delisting of six altcoins: Loom Network (LOOM), Reef (REEF), PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), and VGX Token (VGX). These tokens experienced sharp declines in value, dropping by double digits immediately following the announcement. Users Must Take Action Before Delisting Effective August 26, 2024, …

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Russia brings law to advance crypto payments in international trade

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Russian President Vladimir Putin has enacted a new law to create experimental legal frameworks aimed at advancing digital technologies, with a strong emphasis on cryptocurrencies in international trade. This legislation permits adjustments to existing laws to enable cryptocurrency transactions, particularly for cross-border trade, and designates the Bank of Russia to oversee pilot projects related to …

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Nigeria’s SEC Eyes Bitcoin Rules Amid Crypto Lawsuit

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In a potential shift in the country’s stance on digital assets, the Nigeria Securities and Exchange Commission (SEC) has indicated a cautious willingness to regulate Bitcoin. This comes as a prominent Nigerian Bitcoin advocate files a lawsuit challenging the government’s restrictions on cryptocurrency. Nigeria SEC Considers Crypto Regulation Dr. Momotimi Agama, the SEC’s Director General, …

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Coinbase calls CFTC’s definition of gaming vague in proposed prediction market policies

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Coinbase has responded critically to the CFTC’s proposed rules on prediction markets, particularly challenging the definition of “gaming.” The crypto exchange insists that the CFTC should regulate prediction markets on an individual contract basis, arguing that the current broad definitions could unjustly restrict event contracts that offer significant public interest value. Coinbase contends that the …

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The Celsius and Tether Legal Clash: Unfolding Allegations

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Celsius Network, a well-known crypto lender, had a significant loan agreement with Tether Ltd. dating back to 2020. This arrangement allowed Celsius to borrow stablecoins like USDT and Euro Tether (EURT), with Bitcoin used as substantial collateral. At its peak, the loan reached nearly $2 billion in USDT, secured by tens of thousands of BTC. …

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