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The Rise of Liquid Staking Platforms in 2024
The emergence of Proof of Stake (PoS) blockchains has ushered in a new era for cryptocurrency investors to generate passive income through crypto staking. Liquid staking, a groundbreaking innovation, enables stakers to maintain liquidity while earning staking rewards. This article highlights the top 10 liquid staking platforms of 2024, with STAKING AI leading the pack. STAKING AI stands out as a revolutionary platform that merges blockchain technology with user-friendly staking solutions, cateri
Surge in Shiba Inu Burn Rate Sparks Bullish Sentiment
The Shiba Inu burn rate in the broader crypto market has surged by 2,296% in a single day, indicating a community-driven effort to reduce the token supply and potentially increase its value. This burn mechanism plays a crucial role in the deflationary strategy of Shiba Inu by permanently removing tokens from circulation. Recent data from Shibburn shows a significant increase in burn rates, resulting in 1.28 billion SHIB tokens being taken out of circulation. Community members, including prominen
Taiwan Accelerates Crypto AML Regulations
Taiwan has expedited the implementation of its regulatory Anti-Money Laundering (AML) framework for cryptocurrency businesses. The new rules, which will now come into effect a month earlier, mandate Virtual Asset Service Providers (VASPs) to register to avoid facing harsher penalties. The Financial Supervisory Commission (FSC) of Taiwan has moved up the deadline for crypto AML registration from January 1, 2025, to November 30, 2024. These regulations will enforce stricter AML measures for VASPs,
Exciting Christmas Giveaway Teased by Shiba Inu
Shiba Inu, a meme coin, is generating excitement among its community members as it hints at a forthcoming giveaway event during the holiday season. The token's marketing lead, Lucie, announced the upcoming 'Amazing Christmas Bone December' event, promising significant rewards for participants. Speculations suggest that the giveaway could involve Shibarium or Bone ShibaSwap tokens. While many community members eagerly anticipate the event, some question the choice of Bone over SHIB. Despite the l
Enhancing DeFi with USDtb Tokenization Proposal
Ethena Labs and Securitize have jointly proposed to introduce Ethena's new stablecoin, USDtb, in Spark's $1 billion Tokenization Grand Prix. The competition aims to bring real-world assets into DeFi by providing liquidity to chosen participants, expanding tokenized assets in decentralized ecosystems. Ethena's proposal includes a unique swap feature between USDtb and USDe, allowing Sky ecosystem participants to manage liquidity and risk dynamically. This innovation aims to improve financial flexi
Web3 Revolutionizes Black Friday Shopping with Crypto Deals
As the holiday shopping season begins, the Web3 community is embracing a unique Black Friday experience. While traditional retailers gear up for sales, Web3 platforms and crypto companies are reshaping seasonal shopping. U.S. holiday sales in 2024 are forecasted to hit $1 trillion, with online spending expected to rise by 12%. The recent U.S. presidential election outcome has notably impacted crypto markets, driving demand among users. Changelly, a leading instant crypto exchange, has launched a
Blockchain Adoption in Germany
A recent study by W3NOW reveals that while blockchain technology has the potential to revolutionize industries, German businesses are largely ignoring its benefits. The Hanseatic Blockchain Institute, in collaboration with the German Federal Ministry for Economic Affairs and Climate Action, conducted a report highlighting the significant underutilization of blockchain in Germany. Surveys of 9,000 German companies and 204 industry experts show that a large percentage consider blockchain irrelevan
Ensuring Crypto Payment Security in 2025
In the ever-changing world of cryptocurrencies, we reached out to Coinremitter, the leading crypto payment gateway, to understand the current trends. Most businesses prioritize low fees and fund security when accepting crypto payments. Coinremitter emphasizes the importance of fund security features, allowing users to safeguard their funds with complete control over withdrawals. They offer flexible and secure withdrawal options, including setting daily withdrawal limits to prevent large losses.
Unveiling the Serpent: A Fortnite Pro Turned Crypto Scammer
ZachXBT, a blockchain investigator, has accused a former professional Fortnite player known as Serpent of defrauding investors of over $3.5 million through memecoin scams. Serpent allegedly orchestrated fraudulent cryptocurrency projects using hacked social media accounts and misleading investment opportunities. The esports star was ousted from Overtime in 2020 for cheating and has since delved into illicit finance. ZachXBT's investigation revealed Serpent's involvement in meme coin scams target
Transforming the Crypto Landscape in Nigeria with Prestmit
Cryptocurrency, hailed as the future of money due to its decentralized nature, is gaining popularity in Nigeria. The country ranks second in global crypto adoption, receiving $59 billion in crypto value. Despite regulatory challenges, the market is thriving with various exchanges like Prestmit leading the way. Prestmit, a digital asset marketplace, offers trading of popular cryptocurrencies and gift cards with over 800,000 trusted customers. It simplifies trading with a user-friendly interface,
Incentivizing Tokenised Bonds in Hong Kong
The Hong Kong Monetary Authority (HKMA) is introducing financial incentives to promote the adoption of tokenised bonds. Through the Digital Bond Grant Scheme, grants of up to HK$2.5 million will be offered to eligible issuers, aiming to reduce costs and drive innovation in Hong Kong's financial sector. Tokenised bonds have shown benefits like cost savings and efficiency improvements, attracting interest globally. The HKMA's initiative seeks to position Hong Kong as a leader in blockchain-based f
Coinbase Ends USDC Rewards in Europe Due to MiCA Regulations
Crypto exchange Coinbase is discontinuing its USDC Rewards program for customers in the European Economic Area (EEA) on December 1, 2024, to comply with the EU's Markets in Crypto-Assets (MiCA) regulations. The decision follows MiCA's stricter rules on stablecoins, categorizing them as electronic money tokens (EMTs) and prohibiting interest-earning features. Impacted users will receive final payments by early December. Despite dissatisfaction among customers, Coinbase had previously hinted at th
Hyperliquid Launches Native Token Without Venture Capital
Hyperliquid, a decentralized perpetuals exchange, is defying the norm by launching its native token without relying on venture capital. The Hyper Foundation, overseeing development, announced a token generation event scheduled for early Friday, along with an airdrop. The exchange has evolved into a comprehensive financial system, boasting liquidity comparable to top exchanges. In October, Hyperliquid outperformed competitors, achieving a record $1.39 billion in daily trading volume. The HYPE gen
Ethereum Co-Founder's $72 Million ETH Transfer to Kraken Sparks Concerns
Ethereum co-founder Jeffrey Wilcke recently moved 20,000 ETH, valued at over $72 million, to Kraken. This marks his fourth transfer to the exchange in 2024, totaling over $147 million. The Ethereum Foundation and co-founders have faced scrutiny, with concerns raised over large ETH transfers. Wilcke's previous transfers to Kraken include 4,300 ETH worth $10.6 million in February, followed by 10,000 ETH worth $27.2 million and another 10,000 ETH worth $37 million in May. The EF's transfer of 35,00
The Rise of Meme Coins in 2024
Meme coins have seen significant growth in 2024, driven by the current crypto bull market and FOMO. Pepe coin, in particular, has stood out as one of the top-performing cryptocurrencies, soaring by 1,472% since January. This article delves into the reasons behind Pepe's upward trajectory and the increasing interest in iDEGEN among crypto analysts. With over 330,000 holders, Pepe coin continues to attract strong demand, indicating further potential for price appreciation. Technical analysis sugge
Promising Future for IntelMarkets in the Crypto Market
Analysts are optimistic about the crypto market's correction, predicting a rise in Binance Coin (BNB) to $700 and Bitcoin Cash (BCH) to $555. However, IntelMarkets (INTL), a new AI coin, is gaining attention from crypto whales due to significant investor accumulation. The coin is expected to experience a major breakout soon. Binance Coin is poised for a bounce at the $606 support level, with potential to reach $700. On the other hand, Bitcoin Cash is showing gains and could rise to $615 in the s
Make-A-Wish International Calls for Crypto Donations
Make-A-Wish International is urging cryptocurrency holders to contribute to their cause, emphasizing the impact of crypto beyond financial gains. The charity, which grants wishes to children with critical illnesses globally, has welcomed crypto donations for three years through The Giving Block. Despite initial hesitance from charities due to risks like token volatility and fraud, more organizations are now embracing cryptocurrency donations. The Giving Block Co-Founder Pat Duffy highlights the
Coinbase's Decision Impacts Celo's Token Value
Celo's native token experienced a 5% drop as Coinbase decided not to support its transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem. This move caused uncertainty and criticism within the community, with Tether confirming its continued support for the network post-transition. The CEO of Celo's developer cLabs expressed disappointment with Coinbase's stance, while Kraken's Inkchain founder assured support for the migration. Despite the setback, there are suggestions t
XT Exchange Assures Users After $1.7 Million Asset Theft Disrupts Services
XT Exchange has halted all coin withdrawals following the confirmation of an unusual asset transfer from its platform, resulting in approximately $1 million worth of assets being affected across 12 different currencies. The incident, first reported by blockchain security platform Peckshield, involved a $1.7 million exploit, with the attacker exchanging the stolen assets for 461.58 ETH. Despite the breach, XT reassured users that their assets were secure, emphasizing their commitment to user-cent
Ethereum DeFi Sector Surges with Uniswap and Aave Milestones
Ethereum's DeFi sector is witnessing a resurgence, driven by increased market interest post Donald Trump's election win. The total value locked in Ethereum's DeFi ecosystem has surpassed $80 billion, the highest in over two years. Key players like Aave and Uniswap have achieved significant milestones during this bullish trend. Uniswap set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38 billion in November. Aave, the largest DeFi lending platform, saw deposits s