Ethereum

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

Polymarket trading volume surges to over $530 million in September as US election nears

October 6, 2024 1 min read

In September 2024, the blockchain-based prediction platform Polymarket experienced a significant surge in trading activity, driven by heightened interest in the upcoming 2024 US presidential election and ongoing geopolitical events in the Middle East. The trading volume reached $533.51 million, marking an increase of $61.51 million from August’s $472 million, as reported by Dune Analytics. The platform also saw a notable rise in active users, with a 41% increase from

Vitalik Buterin endorses SuperchainERC20 for enhanced Ethereum interoperability

October 5, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has recently endorsed a major update to the SuperchainERC20 protocol, as outlined in a GitHub pull request by Optimism. This redesign introduces a new cross-chain interface aimed at enhancing collaboration among Ethereum infrastructure entities and creating a more cohesive ecosystem. The update focuses on revamping the SuperchainERC20 standard by incorporating the SuperchainERC20Bridge and the ICrosschainERC20 interface, which are expected to significantly improve Ethereum’s scalability and

The Solana (SOL) Coins Ready To Take The Fight To Ethereum (ETH)

October 2, 2024 4 mins read

As October begins, crypto investors are hoping for a favorable month as past records show a positive market in the last quarter of every year. As Per DeFi Llama, DEX networks on the Solana blockchain show a 40% recovery. This shows the growing interest of investors in Solana-based meme coins, which could translate to an upcoming market rally.   However, Cutoshi, the new Ethereum-based meme coin, could challenge the status quo

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

Skygate Token Launches Presale, Aims to Digitalize Global Aviation

October 1, 2024 4 mins read

The Skygate Token is positioned as a utility-focused cryptocurrency designed to offer real-world applications in the aviation sector, moving beyond the realm of speculative assets. With a structured financing model, clear development strategies, and practical use cases, Skygate Token aims to contribute to the digital transformation of aviation. Who is Behind the Skygate Token? The Skygate Token is issued by Skygate Network Holding GmbH, a company based in Salzburg, Austria. The company is

MetaVirus (MVT) IEO Launches on ProBit Global: Transforming GameFi with the NexGami Platform

September 30, 2024 3 mins read

ProBit Global is excited to announce the Initial Exchange Offering (IEO) of MetaVirus (MVT), the innovative gaming token powering the first Web3 game on the NexGami platform. MetaVirus combines immersive gameplay with rewarding incentives and blockchain integration, creating a distinct experience that differentiates it from traditional mobile games. The IEO has now entered Round 2, offering a 5% bonus on MVT purchases made with PROB. This round will end on October 2, 2024, at 03:00 UTC, following the

Ethereum spot ETFs see their best performance since August

September 27, 2024 2 mins read

This past Tuesday marked a notable comeback for Ethereum spot ETFs, showcasing their best performance since early August after a rough patch that left investors feeling a bit underwhelmed. September was particularly tough for these crypto investment products, which struggled to gain traction even amidst some positive market movements. The previous week had seen Ethereum ETFs grappling with their sixth straight week of negative flows, with a staggering $26.26 million

PayPal now allows US business accounts to buy, sell, and store crypto

September 26, 2024 1 min read

PayPal is stepping up its game in the crypto world! As of September 25, US business accounts can now buy, sell, and store cryptocurrencies directly, making it easier for merchants to use digital assets in their operations. However, New York merchants are left out due to regulations. This move is part of PayPal’s mission to help both individuals and businesses manage cryptocurrencies. With this new feature, merchants can handle cross-border

The SEC postpones its decision on options trading for several Ethereum ETFs

September 25, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRock’s spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November 10 and 11, 2024, in accordance with Section 19(b)(2) of the Securities Exchange Act. In

Institutional investors are pulling out of Ethereum ETFs

September 25, 2024 1 min read

Institutional demand for Ethereum is diminishing, as spot Ethereum ETFs are witnessing considerable outflows, notwithstanding the recent price rebound following the Federal Reserve’s interest rate reductions. Grayscale’s Ethereum ETF has experienced the most substantial decrease, with outflows totaling $80.6 million, signifying diminished interest from institutional investors. Bitcoin ETFs have experienced inflows, signifying a preference for Bitcoin over Ethereum among investors. Notwithstanding a 15% resurgence in Ethereum’s price, the demand for

LO:TECH Launches New MMaaS Platform for Token Liquidity with Unprecedented Transparency and Control

September 24, 2024 4 mins read

New MMaaS platform empowers token projects and protocols with real-time visibility, flexible liquidity management, and enhanced exchange relationships. Digital asset trading firm Low Observable Technology (LO:TECH) announced the launch of an innovative new Market Making Service (MMaaS) platform today.  Backed by leading venture capital firm Lightspeed Faction, LO:TECH’s new platform delivers unparalleled transparency, control, and flexibility for token projects, protocols, and crypto foundations in managing their liquidity across global exchanges.