Crypto News

Sui to Make Native USDC Available Through NAVI Protocol

October 9, 2024 1 min read

The Sui Foundation has recently unveiled its support for native USDC on the Sui network, marking a significant development in the decentralized finance (DeFi) landscape. NAVI, the leading DeFi and liquidity protocol on Sui, is set to integrate Circle’s USDC from day one, boasting an impressive $120 million in USDC liquidity—making it the third-largest supply of USDC in the industry, following Aave and Compound. This integration is poised to enhance

PepeCoin Announces Burn Event for BasedAI Network Integration

October 9, 2024 1 min read

PepeCoin is on the verge of a major evolution by introducing a deflationary burn event aimed at reducing its supply. This strategic move is expected to create a supply shock, enhancing the coin’s rarity and potentially increasing its value. During this burn event, holders of PEPECOIN will have the opportunity to exchange their tokens for Brain credits, which can be utilized to acquire BasedAI Brains—key components of the innovative BasedAI

Founder of IcomTech sentenced to 10 years for running a crypto Ponzi scheme

October 9, 2024 1 min read

David Carmona, the mastermind behind the fraudulent IcomTech Ponzi scheme, has been sentenced to 10 years in prison by a US court for deceiving investors in a cryptocurrency scam. This decision was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. IcomTech, which began operations in 2018, falsely marketed itself as a cryptocurrency mining and trading company, enticing investors with promises of high

Binance launches $10M traders league

October 9, 2024 1 min read

Binance has unveiled the Binance Traders League, an exciting new trading competition featuring a staggering prize pool exceeding $10 million. This event is designed to engage traders of all skill levels, allowing retail participants to join by achieving a minimum trading volume of $500. The Traders League aims to enhance the trading experience through a variety of challenges that cater to individual preferences. It includes both team contests, which foster

Digital asset firm Canary Capital files for spot XRP ETF with the U.S. SEC

October 9, 2024 1 min read

Canary Capital, a digital asset investment firm, has made waves by filing for a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC), following closely on the heels of Bitwise’s similar move. This filing comes amid the ongoing legal tussle between Ripple Labs and the SEC over XRP’s classification, highlighting a growing interest in cryptocurrencies beyond the traditional giants like Bitcoin and Ethereum. Founder Steven McClurg emphasized that

Crypto exchange Crypto.com files a lawsuit against the US SEC

October 8, 2024 1 min read

In a bold move, cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the receipt of a Wells notice, which indicates the SEC’s intention to pursue legal action over alleged securities violations. The company, known for its user-friendly platform for buying and selling crypto and its popular debit card that allows users to spend digital assets, has gained significant visibility through high-profile sponsorships,

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

FTX to repay 98% of its users around 119% of their claim value

October 8, 2024 1 min read

In a significant development for the beleaguered crypto exchange FTX, a US judge has greenlit a bankruptcy plan that will allow the company to repay users nearly two years after its dramatic collapse. Judge John Dorsey of the US Bankruptcy Court for the District of Delaware approved the plan, which aims to return 98% of users’ claims, translating to approximately 119% of their claim value as of November 2022, when

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

The Open Network (TON) launches Memelandia, a decentralized hub to expand its meme coin ecosystem

October 7, 2024 1 min read

The Open Network (TON) is making waves in the meme coin arena with the launch of Memelandia, a decentralized hub designed to engage and expand its community of meme coin enthusiasts. This innovative platform integrates seamlessly with Telegram, leveraging its massive user base of 900 million to enhance interest and participation in the meme coin market. Memelandia is not just another platform; it’s a vibrant ecosystem where communities can thrive

A crypto strategist believes Bitcoin (BTC) can witness an abrupt rally to $68,000

October 7, 2024 1 min read

In the ever-evolving world of cryptocurrency, a prominent strategist known as Credible Crypto is stirring excitement among followers with predictions of a potential Bitcoin (BTC) rally. He suggests that Bitcoin could surge to $68,000 in the near future, sparking a wave of optimism across the altcoin market. However, he cautions that this upswing may be fleeting, as he anticipates a return to bearish trends shortly after. Credible Crypto, who boasts

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