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Avalanche Foundation will begin purchasing meme tokens for “cultural heritage”
The Avalanche Foundation, a non-profit organization responsible for managing the development of the Avalanche Network solution, has announced its plans to acquire meme tokens as part of its incubator fund for NFT projects. On the popular social network X, the Avalanche ...
A New York court recognized the crypto assets LUNA and MIR as securities
The court ruling in the Southern District of New York favored the US Securities and Exchange Commission (SEC) in a case against the Terraform Labs platform and its former CEO, resulting in a significant victory for the regulatory agency. Summary judgment was granted by ...
Memcoins: hype scam vs the most successful crypto newbies of the year
Yes, the first memetic tokens appeared years ago - like Dogecoin (DOGE). However, in April 2023, the crypto market was blown up by Pepe the Frog. PEPE tokens are the starting point for the epidemic of hype memcoins, which snobbish investors call junk coins. Tokens whos ...
An unknown trader earned $5.7 million from 30 Solana coins
Researchers at the Lookonchain platform have discovered a mysterious trader who managed to amass an impressive fortune using just 30 Solana tokens. In a matter of six days, this user became a millionaire, earning an astounding $5.7 million.The trader swiftly purchased 1 ...
Sotheby's: digital art sales in 2023 amounted to $35 million
According to Sotheby's Vice President Michael Buanna, the auction house has had a tremendously successful year. The sales of digital art have soared to approximately $35 million, making it a standout year for Sotheby's."We are thrilled to announce that 2023 ...
New York regulator approves release of USDP stablecoin on Solana blockchain
As per Paxos' approved long-term development plan by the New York Department of Financial Services (NYDFS), the official launch of the USDP stablecoin on the Solana blockchain is scheduled for January 17, 2024. Walter Hessert, the head of strategy at Paxos, proudly stat ...
Elon Musk: Cryptocurrencies don't occupy much space in my thoughts
Renowned for his immense wealth and groundbreaking ventures like PayPal, SpaceX, and Tesla, American billionaire Elon Musk has revealed that he no longer dwells on the subject of cryptocurrency.Speaking to Ark Invest CEO Catherine Wood, Musk candidly admitte ...
CoinGecko: Crypto projects distributed tokens worth $26 billion using airdrops
Analysts from the company CoinGecko have determined that within a span of less than three years, the largest cryptocurrency projects have given away tokens for free, which are now collectively valued at $26.6 billion. Experts conducted an analysis of the top 50 airdrops ...
The Cardano Foundation will train employees of the energy company Petrobras on blockchain
The Cardano Foundation has recently unveiled an exciting collaboration with Petrobras, a government-backed energy company in Brazil. This partnership aims to implement educational programs on blockchain technology and promote its wider adoption.Through this collaboratio ...
Justin Sun withdrew over 577 billion SHIB tokens from Binance
In a recent development, the Tron blockchain's founder has taken a significant step by withdrawing over 577 billion SHIB tokens, amounting to $6 million, from Binance, the world's largest crypto exchange. Evidence of this can be found in two transactions made from a specially ma ...