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Sindhu

Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.

Posts by Sindhu

Samara AG to Invest €30 Million in Bitcoin Through Nordic Bond

Samara AG to Invest €30 Million in Bitcoin Through Nordic Bond

Germany’s Samara Asset Group (AG) has announced plans to invest up to €30 million in Bitcoin. This move is part of a broader strategy to increase its exposure to the cryptocurrency market. Samara AG is following a similar path to that of MicroStrategy, a company known for its significant Bitcoin

October 14, 2024 2 mins read
Monochrome Unveils Australia’s First Spot Ethereum ETF on Cboe

Monochrome Unveils Australia’s First Spot Ethereum ETF on Cboe

Monochrome Asset Management is poised to make history with the launch of the world’s first Ethereum exchange-traded fund (ETF) on Cboe Australia. Furthermore, the company’s Ethereum ETF, known as the Monochrome Ethereum ETF (IETH), is likely to attract significant attention. Investors seeking exposure to Ethereum can benefit from this option,

October 14, 2024 2 mins read
Will Shiba Inu's 1436% Burn Rate Surge Spark a Bullish Breakout?

Will Shiba Inu’s 1436% Burn Rate Surge Spark a Bullish Breakout?

Shiba Inu ($SHIB) is showing strong momentum, with price indicators hinting at a potential rally. Over the past 24 hours, $SHIB has surged by over 4.78%, bringing the price to $0.00001789, according to CoinMarketCap data. This comes in the wake of an increased burn rate and ongoing developments in the

October 12, 2024 2 mins read
Ethereum (ETH) Faces Critical Test at $3K Support Level

Are Bulls Ready to Drive Ethereum (ETH) to $2,500?

Ethereum is currently trading at $2,463.82, marking a 2.13% increase over the past day. Despite this upward momentum, trading volumes decreased by 16.84%, reflecting a drop to $12.53 billion. Ethereum’s market cap now sits at $296.6 billion, contributing to the broader crypto market’s recent recovery. A trader bought 8.41 billion

October 12, 2024 2 mins read
Avalanche to Buy Back 1.97M AVAX from Luna Foundation Guard

Avalanche to Buy Back 1.97M AVAX from Luna Foundation Guard

The Avalanche Foundation has successfully negotiated an agreement to repurchase 1.97 million AVAX tokens from the Luna Foundation Guard (LFG). This repurchase is significant, as it aims to reclaim tokens that were originally sold to LFG in April 2022. However, the deal is currently pending approval from the bankruptcy court

October 12, 2024 2 mins read
Nigerian Court Denies Bail for Binance's Compliance Chief

Nigerian Court Denies Bail to Binance Compliance Chief Despite Health Issues

A Nigerian court denied bail to Tigran Gambaryan, Binance’s Compliance Chief, despite his worsening health condition.The decision was handed down on October 11, 2024, following Gambaryan’s second bail plea. His legal team highlighted his medical condition, arguing that he requires urgent attention, but the court rejected the request. Gambaryan faces

October 11, 2024 2 mins read
Tezos Stakers Sue IRS in Federal Court Over Staking Tax Rewards

Tezos Stakers Sue IRS in Federal Court Over Staking Tax Rewards

On October 10, 2024, Josh and Jessica Jarrett, Tezos network stakers, again filed a lawsuit against the IRS, challenging its taxation of block rewards from staking on the Tezos network. This case, now in federal court in Tennessee, asserts that tokens generated through staking should be classified as property. It

October 11, 2024 2 mins read
Trump’s World Liberty Financial to Raise $300M via New Token Sale

Trump’s World Liberty Financial to Raise $300M via New Token Sale

Donald Trump’s new venture, World Liberty Finance (WLFI), is gearing up to raise $300 million through its upcoming token sale. This initiative, co-founded by Trump and his three sons, aims to establish a decentralized finance (DeFi) platform designed to enhance the mass adoption of digital assets. The project seeks to

October 11, 2024 2 mins read
Dubai VARA Charges Against 7 Unlicensed Crypto Entities

Dubai VARA Charges Against 7 Unlicensed Crypto Entities

Dubai’s Virtual Assets Regulatory Authority (VARA) has taken significant action by issuing cease-and-desist orders against seven cryptocurrency entities. These firms operated without the necessary licenses and violated marketing regulations. As a result, VARA imposed fines ranging from AED 50,000 to AED 100,000 (approximately $13,600 to $27,200) on each entity. This

October 10, 2024 2 mins read
Is EigenLayer (EIGEN) Dipping 11% Amid Whale Moves a Red Flag?

Is EIGEN Dipping 11% Amid Whale Moves a Red Flag?

EigenLayer (EIGEN) is currently trading at $3.52, reflecting a 12.57% decrease over the past 24 hours. The market capitalization stands at $657 million, positioning EIGEN at #96 among cryptocurrencies. Trading volume has also dropped significantly, falling by 45% to $253 million, which ranks it at 25 in daily volume. This

October 10, 2024 2 mins read