Category: Crypto

Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL (the upgrade to MATIC) to earn protocol rewards and transaction fees in POL,” said Polygon Labs in a July 18 blog post. SAVE THE DATE: MATIC → POL After community consensus, the long-awaited upgrade is…

Italy’s state-owned bank Cassa Depositi e Prestiti SpA has just completed a $27.2 million digital bond issuance with trillion-dollar investment bank Intesa Sanpaolo using Ethereum layer-2 Polygon. The transaction was part of a trial conducted by the European Central Bank to identify new solutions for central bank money settlement of wholesale transactions carried out on blockchains, Intesa Sanpaolo explained in a July 18 statement. It was the first transaction of its kind since Italy introduced its FinTech decree law, which governs the issuance and circulation of financial instruments in digital…

Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and will be processed in batches in the coming months. The firm added that eligible clients will receive repayment notifications through the email linked to their BlockFi accounts. Non-US Clients Restricted BlockFi mentioned that clients outside the US cannot receive funds…

Bitcoin (BTC) continued its fight to reclaim $65,000 on July 18 as the level became a key line in the sand for analysts. BTC/USD 1-day chart. Source: TradingView Bitcoin bulls seek to break crucial resistance hurdle Data from Cointelegraph Markets Pro and TradingView showed consolidatory BTC price action characterizing the Asia trading session and Wall Street open. Having reached $66,000 the day prior, BTC/USD returned to test the mettle of its recent gains as the short-term holder (STH) realized price came into play. As Cointelegraph reported, this bull market trendline,…

TL;DR The price of Shiba Inu (SHIB) surged substantially lately, but dropped 4.5% in the past 24 hours, with active Shibarium accounts and daily transactions significantly plunging. The broader meme coin market also saw declines, though some metrics suggest a potential SHIB resurgence due to reduced selling pressure. Losing Momentum The second-largest meme coin in terms of market capitalization – Shiba Inu (SHIB) – has been on a tear in the past two weeks, with its price jumping by almost 20%. However, its rally was intercepted in the last 24…

Artificial intelligence startup Anthropic, the firm behind AI chatbot Claude, has inked a deal with venture capital firm Menlo Ventures to launch a $100 million fund to support up-and-coming AI firms.  In a July 18 statement, Anthropic said it launched the Anthology Fund to support new AI startups innovating with generative AI technology. Source: Menlo Ventures Anthropic said the fund would provide support to AI entrepreneurs in five primary areas of development, including infrastructure: novel applications of AI in industries such as healthcare and education, consumer AI solutions, trust and…

Why are Silicon Valley venture capitalists suddenly supporting Donald Trump? Billionaire Mark Cuban – one of the politician’s staunchest critics – says “It’s a Bitcoin play.” The businessman’s analysis follows several Trump endorsements from wealthy crypto leaders who explicitly favor him because he promises to protect their industry. Silicon Valley, Trump, and Bitcoin According to Cuban, a Trump Presidency would be directly accretive to Bitcoin’s price – an asset that has grown more popular with tech investors over the last several years. “Not because the former President is a far…

The German government has confirmed a multi-billion emergency sale of Bitcoin (BTC) that began in June.  An official statement from the state of Sachsen acknowledged on July 17 the sale of approximately 49,858 Bitcoin between June 19 and July 12, 2024, in cooperation with the Federal Criminal Police Office. Proceeds from the sale amounted to 2.6 billion euros (~$2.8 billion) and have been temporarily held by the Leipzig Regional Court as part of the ongoing criminal proceedings in the “Movie2k case,” notes the statement. The funds are not yet considered…

[PRESS RELEASE – Washington, United States, July 17th, 2024] Ripmex Announces PreSale of Commission-Free RPX Tokens – The Native Token of Its Currency Exchange Market Ripmex is excited to announce the presale of its innovative real-time gross settlement token, RPX. Designed to transform global currency exchange, RPX facilitates secure, low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX enhances potential profitability and provides seamless, instant transfers across various networks. The presale offers a unique opportunity for early investors to engage with Ripmex’s cutting-edge…

Justice Emeka Nwite of the Federal High Court in Abuja issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a medical doctor at the Kuje Correctional Centre.  According to local media, the warrant was issued after Ehizojie failed to produce a medical report for Binance executive Tigran Gambaryan or appear in court as previously ordered. Bench warrant for prison doctor Justice Nwite had instructed the Nigerian Correctional Service to provide Gambaryan’s medical report, warning against noncompliance. At the recent court session, Gambaryan’s lawyer, Mark Mordi, revealed that the…