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Cryptography News
Coindoo
1w
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Crypto Giant Ripple Applies for National Banking License in the U.S.
- Ripple has applied for a national banking license in the U.S. to operate across state lines.
- This move would subject its U.S. dollar-pegged stablecoin, RLUSD, to OCC supervision.
- The national charter would provide deeper transparency and risk management assurances in the stablecoin space.
- Ripple's ambitions with the banking license hint at expanding into additional crypto-based financial services beyond cross-border payments.
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Coindoo
1w
376
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Seattle Orcas Tap BlockDAG as Official Blockchain Partner for 2025 Season
- Seattle Orcas partner with BlockDAG Network for 2025 season, blending cricket and blockchain.
- Collaboration introduces blockchain tools for fan engagement with NFTs, tokens, and exclusive content.
- Partnership aims at enhancing fan interaction through blockchain technology in a strategic move.
- BlockDAG leverages Orcas' success and global appeal in cricket to expand its visibility.
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Coindoo
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372
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Bitcoin: $500 Bitcoin Bet Turns Into $10M Payday After 13-Year Hold
- Galt, a long-time member of Bitcoin Talk forums, sold a rare Casascius physical coin for $10 million after holding it for 13 years.
- The physical ingot contained real Bitcoin and was minted by Mike Caldwell in 2011, symbolizing the early days of cryptocurrency.
- Despite offers to auction the coin in the past falling short of its full BTC value, Galt finally decided to redeem the Bitcoin in May after it crossed the $100,000 mark.
- The Casascius coins and bars, discontinued in 2013, have become prized collector's items, with Galt's $500 initial investment turning into a life-changing windfall.
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Zycrypto
1w
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ADA Looks Primed for an 18,750x Increase Based on Historical Data with Cardano Eying an ETF
- Cardano (ADA) continues to attract attention as a proof-of-stake blockchain platform aiming for positive global impact.
- Market analyst Ali Martinez predicts an 18,750x price increase for ADA based on historical data.
- Renowned analysts believe Cardano is gearing up for a significant price rally in the near future.
- Grayscale filed for a Cardano ETF with the NYSE, signaling growing institutional interest in ADA.
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Coindoo
1w
312
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MicroStrategy Buys $531M in Bitcoin — Cardano Leads as Crypto Catalysts Strengthen
- MicroStrategy has purchased an additional 4,980 BTC, investing around $531 million at an average price of $106,000, bolstering its position as the largest corporate Bitcoin holder.
- The purchase by MicroStrategy has boosted bullish sentiment in the market, with Bitcoin's price hovering between $106,000 - $107,000, reinforcing confidence in Bitcoin's long-term viability.
- Cardano (ADA) maintains focus on long-term infrastructure growth, emphasizing progress on scaling solutions and secure client infrastructure, positioning itself for sustainable growth in the Web3 landscape.
- The current market divide is evident, with Bitcoin and Cardano representing long-term conviction plays, while retail investors are increasingly drawn to emerging tokens for faster upside potential amidst the growing trend of altcoin capital rotation.
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Zycrypto
1w
93
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US Treasury Sanctions $350k TRON Wallet Linked to BPH Service Provider Aeza Group
- The US Treasury has sanctioned a TRON wallet address linked to the Russian-based Aeza Group for enabling ransomware attacks and providing Bulletproof Hosting services.
- The TRON wallet contained $350,000 in funds and was used for criminal activities like hosting ransomware servers and phishing attacks targeting crypto holders.
- The US Treasury also sanctioned other entities and individuals related to Aeza Group, including Russian and UK firms, in efforts to combat cybercrime and disrupt criminal networks.
- OFAC's sanctions targeted key personnel and businesses affiliated with Aeza Group, aiming to prevent illicit activities that undermine economic health and national security.
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Bitcoinmagazine
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401
Investment Holding Company Belgravia Hartford Capital Completes Fourth Bitcoin Acquisition
- Belgravia Hartford Capital Inc. has completed its fourth Bitcoin acquisition, purchasing 9.35 BTC for $1 million at an average price of $106,918 per Bitcoin.
- The company's total Bitcoin holdings now stand at 15.75 BTC, valued at approximately $1.66 million with an average acquisition cost of $105,449 per BTC.
- The acquisition was made through a $5 million credit facility secured from Round13 Digital Asset Fund LP, enabling Belgravia to strengthen its balance sheet and support its long-term store-of-value strategy.
- Belgravia Hartford Capital emphasizes transparency in its treasury operations and insiders currently hold approximately 36% of the outstanding shares.
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Coindoo
1w
338
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Metaplanet Crushes Q2 Estimates as Bitcoin Income Business Booms
- Metaplanet reported a 42% quarter-over-quarter jump in earnings from its BTC income operations, surpassing the projected growth rate for the S&P 500.
- The company now holds 13,350 BTC, ranking fifth among global public companies holding Bitcoin, thanks to its structured income model tied to Bitcoin derivatives.
- Metaplanet's strategy involves selling cash-secured Bitcoin put options to generate revenue and expand its holdings in a disciplined and risk-managed approach.
- The firm is well on track to meet its full-year revenue forecast of ¥3.4 billion, with significant revenue expected from its Bitcoin income division alone, showcasing its success in accumulating BTC and ensuring cash flow.
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Zycrypto
1w
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7 Mistakes Blockchain Games Made and How They’re Getting Smarter
- Blockchain games are evolving, but encountering hurdles like considerable user outflows.
- Common mistakes include overemphasis on technology, lacking asset ownership appeal, and flawed tokenomics.
- Developers are learning from errors, prioritizing gameplay, and enhancing user experience.
- Efforts are being made to streamline gaming infrastructure, improve transparency, and balance tokenomics.
- Long-term player satisfaction is crucial, leading to a shift towards player-centric designs.
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Zycrypto
1w
114
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Oasis Protocol Foundation Announces the Official Mainnet Launch of Runtime Offchain Logic (ROFL)
- Oasis Protocol Foundation has officially launched Runtime Offchain Logic (ROFL) to assist Web3 developers in building efficient applications off-chain while maintaining blockchain-level trust and privacy.
- ROFL leverages Trusted Execution Environments (TEEs) to enable developers to create privacy-preserving consumer and finance applications, supporting tasks like AI model training and data analysis.
- With the ability to execute resource-intensive operations off-chain within secure enclaves, ROFL facilitates connecting results to smart contracts on-chain, unlocking new possibilities in the AI and blockchain domains.
- ROFL is being adopted by projects like Zeph and WT3, offering solutions for maintaining data confidentiality and enabling decentralized trading strategies. It aims to become a versatile infrastructure for various AI applications and services.
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Coindoo
1w
262
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Standard Chartered Sees Bitcoin Surging Past $135K in Q3
- Geoff Kendrick, head of digital assets research at Standard Chartered, predicts Bitcoin could surpass $135,000 in Q3 driven by growing institutional interest.
- Standard Chartered had earlier projected a $500,000 target for Bitcoin by the end of Trump's presidency, citing market shifts and increased adoption.
- Despite Bitcoin trading around $107,000 currently, the bank is optimistic for future quarters due to rising flows into spot ETFs and corporate BTC accumulation for treasury reserves.
- Kendrick argues that the current Bitcoin cycle has deviated from past patterns as institutional demand counteracts post-halving declines, with recent data showing firms adding significant BTC to their treasuries.
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Bitcoinmagazine
1w
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Tech Billionaires Launch Erebor Bank to Serve Bitcoin and Crypto Startups
- A group of tech billionaires, including Palmer Luckey, are launching Erebor Bank, a U.S. bank to serve Bitcoin and other crypto startups.
- The bank would be backed by tech investors like Joe Lonsdale and Peter Thiel.
- Erebor aims to provide traditional banking products and virtual currency-related services for businesses and individuals.
- The bank will focus on serving companies in the U.S. innovation economy and individuals working or investing in those companies.
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Coindoo
1w
317
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Judge Clears Celsius Lawsuit Against Tether to Move Forward
- Crypto lender Celsius accuses Tether of mishandling collateral during its 2022 collapse, leading to a controversial liquidation.
- The core issue is a margin call in June 2022, where Tether sold BTC below market value to pay off Celsius's debt.
- The judge allowed the lawsuit to proceed, citing enough alleged misconduct on U.S. soil.
- Major charges upheld include breach of contract, fraudulent transfer, and preferential treatment in Celsius's bankruptcy.
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Coindoo
1w
338
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Chainlink Rises with AI Policy Buzz, AVAX Slows Down, BlockDAG’s $0.0016 Entry Ahead of U.S. Deal Draws Strong Interest
- Chainlink's rise is tied to AI policy focus, gaining trust for real-world application.
- Avalanche sees recovery signs, faces resistance. BlockDAG aims to strengthen U.S. market trust.
- BlockDAG secures U.S. sponsorship, draws attention with $0.0016 entry before U.S. deal.
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Cryptoticker
1w
368
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Worldcoin Crash Coming? Key Levels To Watch
- Worldcoin (WLD) price facing selling pressure after peaking near $1.80.
- Concerns over universal digital identity system and privacy issues may trigger downward pressure.
- Technical analysis indicates potential breakdown below key support levels near $0.80.
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