Author: Roland Guirdonan

Article written by Roland Guirdonan

BlackRock invests over $1 billion in Bitcoin (BTC)

October 30, 2024 1 min read

BlackRock has recently made headlines with its substantial investment in Bitcoin, reportedly acquiring over $1 billion worth in just one week. According to Arkham Intelligence, the investment giant has been consistently purchasing Bitcoin daily, often in batches of 600 BTC. A notable transaction included a $300 million investment that added 4,369 BTC to their portfolio, bringing their total holdings to an impressive 399,525 BTC. While they are significant players in

Aark Digital Offers Bounty for Hacker Return

October 27, 2024 1 min read

Aark Digital recently faced a significant security breach where an unauthorized individual managed to access and steal around 1.4 million USDC and over 24 ETH. In response to this incident, the company has initiated round-the-clock recovery efforts and is enhancing its security protocols to prevent future breaches. To encourage the return of the stolen assets, Aark Digital is offering a 15% bounty, which translates to 225,000 USDC, to the person

Ripple Labs files a major appeal against the SEC, challenging key definitions

October 25, 2024 2 mins read

Ripple Labs is taking a stand against the SEC by filing a Civil Appeal Pre-Argument Statement in their ongoing legal battle. This document, submitted on October 24, outlines the key points Ripple plans to argue in their appeal, which will be reviewed from scratch by the court. The appeal focuses on four main issues. First, Ripple challenges the SEC’s definition of an “investment contract” as outlined in the Securities Act

GOAT meme token jumps buy over 20% following Binance listing

October 25, 2024 1 min read

Binance, the leading cryptocurrency exchange globally, has exciting news for meme coin enthusiasts. On October 24, 2024, they will introduce a futures contract for the popular meme coin, Goatseus Maximus (GOAT). This new GOATUSDT perpetual contract will allow traders to leverage their positions by up to 75 times, making it an enticing option for those looking to maximize their potential gains. The announcement has already sparked interest, with GOAT’s price

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 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