Category Archives: Blockchain

River Protocol acquires Llama to power decentralized governance

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River, an on-chain encrypted messaging protocol, has successfully acquired Llama, a smart contracts platform supported by Founders Fund that focuses on decentralized governance. This acquisition is expected to strengthen River’s governance framework across its ecosystem, as the protocol will integrate Llama’s open-source smart contracts technology into its various platforms. A blog post detailing the transaction […]

UAE and Switzerland lead as premier locations with no crypto tax, research finds

A recent research report produced by Coincub in collaboration with Blockpit provides valuable insights into how the varying tax policies implemented across different countries—from the absence of taxes in the United Arab Emirates to the significantly high tax rates found in the United States—have a substantial impact on the investment strategies adopted by cryptocurrency investors. […]

SingularityDAO to merge with Cogito Finance and SelfKey following community approval

singularitydao-to-merge-with-cogito-finance-and-selfkey-following-community-approval

SingularityDAO is poised to merge with Cogito Finance and SelfKey, resulting in the creation of Singularity Finance, a new layer-2 tokenization platform. This strategic decision comes after a successful governance vote, in which the SingularityDAO (SDAO) community overwhelmingly endorsed the merger proposal. Over 15 million SDAO tokens were cast during the voting process, with an […]

Whale panics amid Bitcoin dip, sells 2,019 BTC

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The recent decline in Bitcoin’s price, which has fallen below the $70,000 mark, has provoked a wave of panic among certain investors, particularly one notable whale who has chosen to sell off a significant portion of their holdings, amounting to 2,019 BTC, amidst rising concerns regarding the possibility of further downward movements in the market. […]

Sonic SVM partners Solayer, Adrastea to expand Solana restaking

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Sonic, a layer-2 blockchain specifically designed for gaming applications within the Solana ecosystem, has recently announced a series of strategic partnerships with both Solayer and Adrastea Finance, with the primary goal of expanding and enhancing the Solana restaking ecosystem. The Sonic SVM team made this significant announcement on October 31, emphasizing that the platform has […]

UBS launches first tokenized investment fund on Ethereum

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UBS Asset Management has launched its inaugural tokenized investment fund on the Ethereum blockchain, named the “UBS USD Money Market Investment Fund Token,” or ‘uMINT.’ This innovative fund is designed for various authorized distribution partners in Singapore, as stated by UBS. Tokenization is the process of converting traditional assets, such as stocks and bonds, into […]

Here’s why Bitcoin and altcoins could rise after weak NFP data

heres-why-bitcoin-and-altcoins-could-rise-after-weak-nfp-data

Cryptocurrencies and stocks experienced heightened volatility following the release of disappointing nonfarm payroll data from the U.S., which suggests a potentially dovish stance from the Federal Reserve. Bitcoin (BTC) retraced from around $72,500 to approximately $70,000, while Ethereum (ETH) saw a decline of over 3% in the past 24 hours, dropping to $2,500. The overall […]

Tether breaks total assets record high with $134.4b in Q3 2024

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In its third quarter report for 2024, Tether announced several record-breaking achievements, including significant increases in total assets, group equity, and cumulative profits. According to the report published on October 31, the stablecoin issuer achieved a net profit of $2.5 billion for the quarter, contributing to a remarkable consolidated profit of $7.7 billion for the […]

OPSEC crashes over 78% after devs fail to deliver OPSEC V2 upgrade

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OPSEC experienced a dramatic decline of over 78% on October 31 after the AI-driven cloud security platform failed to release its highly anticipated OPSEC V2 update, which was scheduled for October. As of the latest update, OPSEC was trading at $0.005141, a level not seen since January. The project’s troubles began when rumors of a […]

BlackRock’s IBIT has seen inflows of $318.8 million, even as Bitcoin dipped below the $69k mark

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On October 31, BlackRock’s spot Bitcoin ETF, IBIT, achieved impressive net inflows of $318.8 million, despite Bitcoin experiencing a 4% decline in price to around $68,800. Data from Farside Investors highlights that this latest surge in capital followed a record-breaking day on October 30, when IBIT attracted an astounding $872 million, surpassing its previous high […]