CryptoNews

Moscow Exchange Opts out of Russia's Crypto Trading Program

September 9, 2024
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the…
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Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

September 3, 2024
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL)…
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Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

September 2, 2024
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency scam business. The scam resulted in individual losses ranging from 1.2 million to 250 million won. After failing to appear at a…
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CryptoNews

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

September 2, 2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to…
CryptoNews

Coinbase Reports Its First AI-to-AI Crypto Transaction

September 2, 2024
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI crypto transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources…
CryptoNews

Layer 2 Protocol Stacks Completes Nakamoto Upgrade With Defi Features

August 30, 2024
The Bitcoin layer two (L2) network Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV) opportunities, and improves network resilience. Additionally, the upgrade prepares the network for the…
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