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MANTRA launches its mainnet, enabling tokenization of real-world assets on-chain

October 24, 2024 1 min read

MANTRA has officially launched its mainnet, a pivotal advancement in the world of blockchain aimed at integrating real-world assets (RWAs) onto the chain. This launch not only enhances the functionality of its OM token, which has transitioned from the ERC-20 standard to the MANTRA Chain, but also allows users to stake their OM tokens and earn rewards in the burgeoning RWA ecosystem. The introduction of MANTRA’s mainnet underscores its ambition

Decentraland Launches Revamped Virtual World with Enhanced Features

October 22, 2024 2 mins read

Decentraland has just unveiled an exciting new desktop client, marking a significant advancement in how users can engage with this pioneering decentralized virtual world. This beta version enhances performance and immerses users in a richer environment, while also introducing innovative features that pave the way for future developments and improved tools for creators. Transitioning from a browser-based platform to a more robust, Unity-powered desktop experience, Decentraland is aligning itself with

US attorneys ask President Biden to intervene in the detention of Binance executive by Nigerian authorities

October 22, 2024 1 min read

A group of 18 U.S. state attorneys general is urging President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance executive who has been detained in Nigeria for over seven months. Gambaryan, a U.S. citizen, was arrested in February while addressing regulatory matters related to the cryptocurrency exchange. His colleague managed to leave Nigeria, but Gambaryan faces serious charges, including money laundering and tax evasion, which the

The US is lagging in stablecoin adoption due to regulatory challenges

October 19, 2024 1 min read

In 2024, the growth of stablecoins in the United States has hit a snag, even as Bitcoin gains traction following the introduction of spot Bitcoin exchange-traded funds. Recent studies indicate a drop in transactions on US-regulated platforms, primarily due to regulatory hurdles and limited adoption domestically. In contrast, stablecoins from emerging markets are experiencing a surge in usage. Around the world, stablecoins are increasingly being utilized for value transfers and

Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%.

Italy plans to raise the capital gains tax on crypto from 26% to 42%

October 17, 2024 1 min read

Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%. This announcement came from Vice Economy Minister Maurizio Leo during a press conference about the country’s 2025 budget, where he outlined new measures aimed at generating funds to support families, youth, and businesses. This tax overhaul represents a major departure from the existing framework that has been in place

Tesla moves 11,500 BTC worth $765 million in October 2024

October 16, 2024 2 mins read

Elon Musk’s Tesla has recently made headlines in the crypto world by transferring around 11,500 Bitcoin, valued at around $765 million, marking its first major Bitcoin activity in over two years. This transaction, which took place on October 16, 2024, involved multiple smaller transfers to new, unidentified wallets, none of which are linked to cryptocurrency exchanges. This has led to speculation that Tesla might not be looking to sell its

Second Edition of SuperBridge Summit 2024 kicks off today with the participation of 70 speakers

October 15, 2024 5 mins read

Dubai, United Arab Emirates, 15, October 2024: The second edition of SuperBridge Summit kicked off today (October 15, 2024), at the One&Only One Za’abeel Hotel in Dubai with Trip.com, NICE, Laix Inc., Dubai Chambers, MVGX and METACOMP, sponsors of this year’s edition. Organized by the Dubai World Trade Centre (DWTC) and SuperBridge Council, the SuperBridge Summit featured an opening remark by Hadi Badri, CEO of Economic Development of Dubai Economy

South African tax authorities require citizens to declare crypto assets under new rules

October 15, 2024 1 min read

The South African Revenue Service (SARS) has recently urged taxpayers to declare their cryptocurrency holdings as part of its Voluntary Disclosure Programme (VDP). This move comes in light of the increasing popularity of digital currencies like Bitcoin and Ripple’s XRP among South Africans. With the rise in crypto transactions, SARS’ announcement was anticipated, especially after the Financial Sector Conduct Authority (FSCA) classified cryptocurrencies as financial instruments. A recent survey indicates

SuperBridge Summit 2024, organised by the Dubai World Trade Centre (DWTC) and the SuperBridge Council, is set to kick off tomorrow (Tuesday, October 15, 2024) at the One&Only One Za’abeel Hotel

SuperBridge Summit 2024 kicks off tomorrow to ‘Innovate for the Next-Gen’

October 14, 2024 5 mins read

– Visionary insights from global leaders on pioneering solutions across Economic Power, Technology and Leadership to be showcased Dubai, United Arab Emirates, 14, October 2024: SuperBridge Summit 2024, organised by the Dubai World Trade Centre (DWTC) and the SuperBridge Council, is set to kick off tomorrow (Tuesday, October 15, 2024) at the One&Only One Za’abeel Hotel, Dubai, under the theme ‘Innovate for Next Gen’. The second edition of the highly

Arkham Intelligence intends to launch its own crypto derivatives exchange next month

October 14, 2024 1 min read

Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has sparked a notable 12% increase in the value of its native token, ARKM, which has been on the rise alongside the broader market recovery. Currently, ARKM is trading at $1.51, reflecting a 16% gain in just 24 hours. The new exchange will be based in

AVAX surges by over 16% in the last 48 hours as Avalanche Foundation plans to repurchase 1.97M tokens

October 12, 2024 1 min read

AVAX, the crypto associated with the Avalanche blockchain, has experienced a remarkable 16% increase in value within just 48 hours. This surge follows the announcement that the Avalanche Foundation plans to buy back 1.97 million tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. The deal is awaiting approval from a bankruptcy court. After a minor dip on October 10, AVAX’s price rebounded from a support level

Defunct crypto exchange Mt. Gox pushes its repayment deadline to October 2025