Author: Roland Guirdonan

Article written by Roland Guirdonan

Vitalik Buterin donates 100 ETH to support Tornado Cash developers in their legal fight

October 8, 2024 2 mins read

Vitalik Buterin, the co-founder of Ethereum, has recently made headlines for his generous donation of 100 ETH to aid the legal defense of Tornado Cash developers, Alexey Pertsev and Roman Storm. This significant contribution comes on the heels of Buterin selling off various memecoins from his personal collection, including Neiro, MOONDENG, DEGEN, and KABOSU, as well as USDT tokens from the CATE project, which he converted into ETH. Buterin’s support

The UAE exempts crypto transactions from VAT starting November 15

October 8, 2024 1 min read

Starting November 15, 2024, the UAE will eliminate Value Added Tax (VAT) on cryptocurrency transactions, a strategic move designed to invigorate the sector and enhance the nation’s appeal to crypto businesses and investors. This policy shift, announced by the Federal Tax Authority (FTA), removes the previous 5% tax that posed challenges for market entry, thereby reinforcing Dubai’s status as a global crypto and blockchain hub. The UAE’s proactive approach to

Tether (USDT) celebrates its 10th anniversary

October 7, 2024 1 min read

On its 10th anniversary, Tether, the issuer of the USDT stablecoin, announced the release of a documentary highlighting the role of USDT in combating inflation. The trailer features interviews with users from countries like Argentina, Turkey, and Brazil, showcasing how they have utilized the stablecoin to navigate high inflation rates. Notably, the teaser emphasizes that USDT accounts for 90% of Brazil’s daily transactions, with 80% of the country’s cryptocurrency transactions

Cardano founder applauds Sui’s fast growth and unique approach

October 6, 2024 1 min read

Charles Hoskinson, the founder of Cardano, recently commended the Sui Network for its impressive advancements and innovative contributions to the blockchain industry. He particularly recognized George Danezis, co-founder of Mysten Labs, for his pivotal role in developing Sui, which has the potential to achieve notable success in the sector. Launched in 2023, Sui is a Layer-1 blockchain designed to streamline and improve the development of Web3 applications. It employs the

Brazil’s Central Bank is integrating DeFi elements into its Drex CBDC project

October 5, 2024 1 min read

Brazil’s Central Bank is making significant strides in its Drex central bank digital currency (CBDC) project by incorporating decentralized finance (DeFi) elements. Currently in its second pilot phase, the initiative aims to boost financial inclusion and enhance transaction efficiency in Brazil’s digital economy. The pilot will test various applications, including the tokenization of real estate and the establishment of liquidity pools for public securities trading, utilizing smart contracts and decentralized

BlackRock’s IBIT and Fidelity’s FBTC are the top-performing Bitcoin ETFs of the decade

October 4, 2024 1 min read

BlackRock’s IBIT and Fidelity’s FBTC are emerging as leading Bitcoin ETFs, each surpassing $10 billion in assets under management despite recent market volatility. IBIT has shown remarkable growth, achieving $1 billion in trading volume shortly after receiving SEC approval for options trading, which is expected to attract institutional investors. In contrast, FBTC has faced challenges, including significant outflows, indicating investor uncertainty. Bloomberg’s Senior ETF Analyst Eric Balchunas noted that IBIT

A former Chinese finance official urges the government to rethink its strict crypto ban

October 3, 2024 1 min read

In a recent forum in Beijing, former senior finance official Zhu Guangyao urged China to reconsider its stringent ban on cryptocurrencies, highlighting their potential role in bolstering the nation’s digital economy. His remarks come at a time when the U.S. is adopting a more crypto-friendly approach, igniting discussions within China about the implications of its current policies. Since its initial crackdown on crypto in 2017, which included banning initial coin

Bitcoin miners are struggling as profits hit a record low due to recent halving

October 2, 2024 1 min read

Bitcoin mining companies are facing significant challenges as profitability reaches an all-time low, according to a report by JPMorgan Chase. In September, miners experienced a 6% drop in daily block reward gross profit, marking three months of declining revenue, despite a slight rise in Bitcoin prices. The primary cause of this downturn is the recent Bitcoin Halving, which occurred in April and reduced miners’ rewards by 50%, potentially leading to

Taiwan’s financial regulator approves foreign crypto ETFs for professional investors

October 2, 2024 1 min read

Taiwan’s Financial Supervisory Commission (FSC) has taken a bold step by approving foreign crypto exchange-traded funds (ETFs) for professional investors, a move announced on September 30, 2024. This decision allows institutional investors, including high-net-worth individuals and specific investment firms, to access these ETFs through a regulated re-entrustment process, which involves delegating investment management to third parties for enhanced oversight. The FSC’s approval comes after thorough discussions with the Securities Business

Crypto investment inflows hit $1.2 billion in a week

October 2, 2024 1 min read

In a recent report by CoinShares, global crypto investment products experienced a significant boost, with net inflows reaching $1.2 billion over the past week, marking the third consecutive week of positive growth. This surge is attributed to increasing investor confidence in digital assets, fueled by expectations of lenient U.S. monetary policies and favorable price trends. Bitcoin was the standout performer, drawing in $1.1 billion, largely due to the approval of

US platforms are regaining Bitcoin dominance

September 29, 2024 2 mins read

In a notable turn of events, the landscape of Bitcoin holdings is witnessing a resurgence of US-based platforms, signaling a potential shift in the dynamics of the crypto market. Recent on-chain data reveals that American exchanges and funds are increasingly accumulating Bitcoin, a trend that could significantly influence the cryptocurrency’s price trajectory. This movement is tracked through the “US to The Rest Reserve Ratio,” which gauges the proportion of Bitcoin

SEC announces it settled with Mango Markets over sale of unregistered tokens in $70 million coin offering

September 28, 2024 1 min read

On September 27, 2023, the US Securities and Exchange Commission (SEC) made headlines by charging Mango DAO and the Blockworks Foundation for their involvement in the sale of unregistered crypto assets. The focus of the SEC’s complaint was on MNGO, the governance token associated with Mango Markets, which the SEC claims was sold without proper registration, thereby violating US securities laws. The SEC’s legal action, filed in the Southern District