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Grayscale to Launch MKR-Based Trust

Grayscale to Launch MKR-Based Trust

Digital asset manager Grayscale Investments has announced the launch of a closed-end fund for MakerDAO (MKR). We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale MakerDAO Trust $MKR. Available to eligible accredited investors. Read the press release: https://t.co/hOOWHk3bqO pic.twitter.com/5pIMaLUHwI — Grayscale (@Grayscale) August 13, 2024 […]

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Brock Pierce's Legal Battles in Puerto Rico Unveiled by NYT

Brock Pierce’s Legal Battles in Puerto Rico Unveiled by NYT

Bitcoin industry veteran Brock Pierce aimed to revitalise Puerto Rico’s economy through cryptocurrencies, yet found himself entangled in legal disputes and conflicts with business partners. This was reported by The New York Times. After relocating to the island in 2017, Pierce, along with other enthusiasts, joined the Puertopia project—an initiative to create a hub for […]

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Huawei Prepares to Launch AI Chip Amidst US Sanctions

Huawei Prepares to Launch AI Chip Amidst US Sanctions

Huawei is on the verge of launching a new AI chip in a bid to challenge Nvidia in China amidst US sanctions, according to WSJ, citing sources. In recent weeks, Chinese telecommunications and internet companies have been testing the Ascend 910C processor, the newspaper reports. Huawei has informed potential clients that it is comparable to […]

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Arthur Hayes Predicts Bitcoin Surge to $100,000 by Year-End

Arthur Hayes Predicts Bitcoin Surge to $100,000 by Year-End

The value of the leading cryptocurrency is expected to recover from a yen-induced decline and rise to $100,000. This forecast was presented by former BitMEX CEO Arthur Hayes. In a new essay, the expert explained the impact of U.S. Treasury borrowing and the monetary policy of the Fed on the amount of available liquidity for […]

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Turkish Firm to Invest in El Salvador's Bitcoin City Infrastructure

Turkish Firm to Invest in El Salvador’s Bitcoin City Infrastructure

El Salvador is set to receive $1.615 billion in investments from the Turkish company Yilport Holding, with a portion allocated to the Bitcoin City project. Ülkemizin tarihindeki en büyük özel yatırım ???? pic.twitter.com/2cmn8T3g5p — Nayib Bukele (@nayibbukele) August 12, 2024 The funds will be used to upgrade two of the country’s ports—Acajutla and La Unión. […]

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Founder of ezBtc Misappropriated User Funds for Gambling

Founder of ezBtc Misappropriated User Funds for Gambling

The Canadian cryptocurrency platform ezBtc and its founder, David Smillie, misappropriated approximately 13 million CAD (~$9.5 million) of client funds, using part of it for gambling. This was reported by the British Columbia Securities Commission (BCSC). The company, which ceased operations in September 2019 and was liquidated in 2022, claimed to store all user investments […]

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Trump's Interview with Musk Omits Cryptocurrency, Meme Token Market Declines

Trump’s Interview with Musk Omits Cryptocurrency, Meme Token Market Declines

On August 13, Donald Trump, the Republican presidential candidate, gave an interview to entrepreneur Elon Musk on the platform X. Prior to the interview, the social network was subjected to a massive DDoS attack, according to Musk. The broadcast attracted around 1.3 million viewers. Listen live! https://t.co/BmsfJto4sW — X (@X) August 13, 2024 The conversation […]

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SEC Accuses NovaTech of Operating a $650 Million Ponzi Scheme

SEC Accuses NovaTech of Operating a $650 Million Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) accused the founders and promoters of NovaTech of orchestrating a Ponzi scheme that amassed over $650 million in crypto assets. According to the statement, NovaTech Ltd., led by the couple Cynthia and Eddy Petion, raised funds from more than 200,000 investors worldwide. Charges were also brought against Martin […]

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3AC Liquidators Demand $1.3 Billion from Terraform Labs

3AC Liquidators Demand $1.3 Billion from Terraform Labs

The bankruptcy managers of the cryptocurrency hedge fund Three Arrows Capital (3AC) have demanded at least $1.3 billion from Terraform Labs, the entity behind the Terra ecosystem, according to Bloomberg. Court documents reveal that the company “encouraged” 3AC to purchase native LUNA tokens and the algorithmic stablecoin TerraUSD (UST), manipulating markets to “artificially inflate asset […]

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Expert Warns of Bitcoin Correction Risks Amid 'Death Cross' Formation

Expert Warns of Bitcoin Correction Risks Amid ‘Death Cross’ Formation

A bearish ‘death cross’ has formed on the Bitcoin chart. The launch of BTC-ETF has increased the risk of heightened volatility over the weekend. Outflows from Grayscale’s ETHE have paused. The formation of a ‘death cross’ on the Bitcoin chart signals a potential new wave of sell-offs, despite the current rebound. This was highlighted by […]

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Tether to Challenge Tech Giants in AI Sector

Tether to Challenge Tech Giants in AI Sector

Tether plans to invest in the AI sector by promoting decentralization and Bitcoin ethics, such as freedom of speech and access to technology and finance. This was revealed by the company’s CEO, Paolo Ardoino, in an interview with WIRED. “The concept of decentralization can be applied to various fields, such as artificial intelligence. We see […]

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Bitcoin Developer Unveils Anonymous DAO to Safeguard Freedom

Bitcoin Developer Unveils Anonymous DAO to Safeguard Freedom

Amir Taaki, an early Bitcoin developer, has introduced the first fully anonymous DAO with token-based governance. We created the world’s first and only fully anonymous on-chain DAO with token-weighted voting. Everything about the DAO is anonymous. DAOs are meant to be political and subversive. • The DAO cannot be seen on-chain. It’s looks like random […]

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