November 8, 2024

Detroit to Introduce Cryptocurrency as Payment Option for Taxes and Fees

Detroit residents will soon be able to pay their taxes and other city fees with cryptocurrency as part of the city’s drive to modernize and attract blockchain businesses. According to the local Office of Treasury, when it launches in mid-2025, this new payment option will make Detroit the largest U.S. city to accept cryptocurrency payments....
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SEC Commissioner Mark Uyeda Urges End to Agency’s Crypto War

U.S. Securities and Exchange Commission (SEC) official Mark Uyeda has called for a shift in the agency’s handling of cryptocurrency regulations. The sentiment from the commissioner, a member of the Republican party, aligns with President-elect Donald Trump’s campaign promise to halt the Biden administration’s aggressive stance towards the digital asset industry. Pause in SEC’s Enforcement...
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Major Challenges Affecting Institutional Adoption of DeFi: IntoTheBlock

The decentralized finance (DeFi) sector has experienced explosive growth over the years, but several challenges are causing slower institutional adoption. With its total value locked above $100 million, DeFi has yet to remove the strongholds preventing institutions from getting involved in the sector. Crypto market intelligence platform IntoTheBlock believes these challenges are multifaceted; hence, DeFi...
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Celebrating the Success of Zircuit’s ZRC EigenLayer Fairdrop

[PRESS RELEASE – George Town, Grand Cayman, November 8th, 2024] Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem,...
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Liquid Lama Rolls Out DeFi Platform on ApeChain, Strengthening Security for Liquidity Providers

[PRESS RELEASE – Dubai, UAE, November 8th, 2024] Liquid Lama, a pioneer in decentralized finance (DeFi), is set to debut on ApeChain with an advanced DeFi platform that combines security and community support. This innovative platform is specifically designed to address key challenges for liquidity providers (LPs). Developed after a careful analysis of the evolution...
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Coinbase Expands cbBTC to Solana, Boosting DeFi Options for Bitcoin Holders

Coinbase has announced the expansion of its wrapped Bitcoin product, cbBTC, to the Solana blockchain. Originally launched in September, cbBTC was initially available only on Ethereum and Coinbase’s native Layer 2 Base blockchain. Now on Solana, it will exist as a Solana Program Library (SPL) token, which can represent both fungible and non-fungible assets. Coinbase’s...
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This Is How Much Crypto the Ethereum Foundation Holds

The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for...
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$9.3B ERC-20 Stablecoin Inflow to Exchanges Following Elections, Another Rally Coming?

Donald Trump’s win triggered massive gains for not just digital assets but also crypto-related stocks, and ETF flows on November 6 and 7 as stakeholders await potential regulatory clarity, legislative advancements, and expected shifts within the Securities and Exchange Commission. Following the results, data showed billions worth of ERC-20 stablecoins flowing into exchanges. This could...
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SingularityDAO, SelfKey and Cogito Finance Token-Holders Approve Merger to Form Singularity Finance

[PRESS RELEASE – Gros Islet, St. Lucia, November 8th, 2024] SingularityDAO, SelfKey, and Cogito Finance have agreed to form Singularity Finance after the communities approved the merger. SDAO and KEY token-holders voted overwhelmingly in favor of the proposal. The merger follows a governance vote in which the SingularityDAO (SDAO) community approved the proposal. Of more...
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Elizzarda Now Supports Solana Deposits and Withdrawals, Expanding Cryptocurrency Options for Players

[PRESS RELEASE – Nicosia, Cyprus, November 7th, 2024] Elizzarda announced the addition of the Solana (SOL) cryptocurrency to the list of available payment options. Players can now use Solana to access a variety of games on Elizzarda. Special promotions related to the use of Solana will also be launched soon, bringing additional benefits to players. Advantages...
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KuCoin’s KCS Token Price Surges 36%: Targets $16.31?

As the 10th biggest cryptocurrency centralized exchange on CoinMarketCap, based on traffic, liquidity, and trading volumes, KuCoin is back in the game. As the bull market begins, KuCoin registers a trading volume of more than $1B and a bullish comeback in its native token, KCS price.  The KCS price in the past week has increased...
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Institutional Investors Are Back With Record $1.4B Bitcoin ETF Inflow 

The eleven spot Bitcoin ETFs in the US saw a record inflow day as $1.37 billion in inflows entered the institutional investment products on Nov. 7. The massive inflow comes as Bitcoin notched a new all-time high just below $77,000 in the wake of Donald Trump’s presidential election victory this week and as the US...
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Bitcoin (BTC) $ 88,288.66 0.22%
Ethereum (ETH) $ 3,280.50 1.63%
Tether (USDT) $ 0.999731 0.36%
Solana (SOL) $ 212.80 3.04%
BNB (BNB) $ 627.94 1.57%
Dogecoin (DOGE) $ 0.378414 14.36%
XRP (XRP) $ 0.722066 17.35%
USDC (USDC) $ 0.999024 0.23%
Lido Staked Ether (STETH) $ 3,276.68 1.71%
Cardano (ADA) $ 0.577463 5.59%