VanEck Launches $30 Million Fund to Support Crypto and AI Startups
VanEck, a prominent issuer of spot Bitcoin exchange-traded funds (ETFs) in the United States, has announced the launch of VanEck Ventures, a $30 million fund dedicated to investing in early-stage cryptocurrency and artificial intelligence (AI) startups. The initiative aims to support fintech innovations that are shaping the future of payments.
Bitcoin’s $62K Consolidation Signals Imminent Major Move, Say Analysts
Bitcoin’s recent price consolidation around the $62,000 mark is raising expectations of a major move in the near future, according to market analysts. While the direction of this move remains uncertain, traders are watching two key events closely: potential further interest rate cuts by the US Federal Reserve and the
Ether Staking Soars as 28.9% of Supply Now Staked, Signalling Long-Term Confidence
Onchain data provider IntoTheBlock has revealed that 28.9% of all Ether (ETH) is now staked, highlighting tokenholders’ growing confidence in the long-term potential of the crypto asset. On October 8, the platform reported that an additional 5.1% of ETH had been staked in the past 10 months, up from 23.8%
Crypto Markets Brace for $500M Token Unlock Wave
Around $500 million worth of cryptocurrency tokens are expected to be released into the markets in the coming week, according to data from TokenUnlocks. These unlocks, which increase the circulating supply of the tokens, are a key event in a project’s development and often impact market sentiment. Types of Unlocks:
UAE Exempts Crypto Transactions from VAT, Retroactive to 2018
The United Arab Emirates (UAE) has announced a significant change in its value-added tax (VAT) regulations, exempting transactions involving virtual assets, including cryptocurrencies. The amendments, retroactive from January 1, 2018, will come into effect on November 15, 2024, according to the UAE’s Federal Tax Authority (FTA). Key Amendments in VAT
TON-Based Wallet Drainer Shuts Down, Targets Bitcoin Instead
A wallet-draining service based on The Open Network (TON) has announced its closure, citing a lack of high-value targets, or “whales,” within the network. The operators behind the scam shared their decision on 7th October via Web3 anti-scam platform Scam Sniffer, declaring that the relatively small size of the TON
US Agency Issues Warning on Crypto-Driven Trinity Ransomware Attacks on Healthcare Sector
The United States Health Sector Cybersecurity Coordination Center (HC3) has raised alarms about the rising threat of the Trinity ransomware, which targets sensitive data and demands cryptocurrency payments. According to HC3, at least one US healthcare entity has fallen victim to this emerging ransomware. Trinity ransomware targets critical infrastructure On
LEGO Removes Crypto Scam from Homepage Following Hack
Toy manufacturer LEGO Group has reportedly taken down a scam promoting a fraudulent “LEGO Coin” token that appeared on its official homepage after hackers gained access on Oct. 5. The scam, which falsely promised “secret rewards” to those who purchased the so-called LEGO Coin, was visible for approximately 75 minutes
XRP Price Drops 15%: Will Ripple’s Legal Setback Signal the Bottom?
XRP has experienced a significant decline, falling nearly 15% in October 2024. The downturn has largely been driven by the United States Securities and Exchange Commission’s (SEC) renewed appeal in the ongoing Ripple lawsuit. Despite the setback, some analysts suggest that XRP’s recent drop may present a buying opportunity rather
Ripple Partners with Mercado Bitcoin to Boost Brazil Payments
Ripple, the global blockchain-based payment provider, has partnered with Mercado Bitcoin, Latin America’s largest crypto exchange, to improve cross-border payments in Brazil. Announced on 3rd October, the collaboration will utilise Ripple’s blockchain-powered payment solution, focusing on institutional transactions between Brazil and Portugal. Streamlining Treasury Operations This partnership will initially focus
