July NFT Sales Plummet for Second Consecutive Month
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July marked the second consecutive month […]
Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South Korea related to the $40 billion collapse […]
UBXS Token Launches Home Tokenization in Dubai, Confirming BlackRock’s Insights in the RWA Sector and Trump’s Positive Outlook on Crypto
PRESS RELEASE. Innovative crypto project UBXS Token is proud to announce a new home tokenization project in Dubai. This initiative aims to make real estate investments more accessible through the opportunities offered by blockchain technology. UBXS Token’s move aligns with predictions by BlackRock, the world’s leading investment management company, which has highlighted the significant potential […]
Ditobanx and ICP Hub Mexico Launch Initiative Promoting Cryptocurrency Use at Universities
Ditobanx and ICP Hub Mexico recently partnered to launch an initiative promoting the use of cryptocurrencies at Mexican universities. As part of this program, over 4,000 students received $5.42 (100 pesos) worth of Ckbtc, the so-called bitcoin twin, to use at campus cafes, restaurants, and copy shops. Boosting Cryptocurrency Usage at Mexican Universities Salvadoran fintech […]
Polymarket $3.8 Million Venezuelan Presidential Election Bet Still Undecided
Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]
Bitcoin.com’s First VERSE Airdrop Goes Live
Active users of the Bitcoin.com Wallet app can now claim their VERSE tokens. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that the initial airdrop of Bitcoin.com’s ecosystem token VERSE is now live. As approved by the results of a community-led proposal, active Ethereum users of the Bitcoin.com Wallet app are now […]
Bahamas Enacts Digital Assets and Registered Exchanges Act
The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […]
Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users
Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […]
Study: Surge in Popularity of Liquid Restaking Token Protocols Driven by Growing User Trust
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the total value locked, or […]
Ghana Launches Centralized Online Foreign Exchange Trading Platform
The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient operations in the foreign exchange market. As of August 1, 2024, all licensed Foreign Exchange Bureaux are mandated to use this platform for buying and selling foreign currencies. The system will improve oversight […]
