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Trump Based Memecoins Stumble as Harris Leads in New Poll

Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against

August 16, 2024 2 mins read

South Korea’s NPS Acquires $33.75M Worth MicroStrategy Stocks 

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has made a significant investment in the cryptocurrency sector. By acquiring 245,000 shares of MicroStrategy (MSTR) during the second quarter of this year. This investment is valued at approximately $33.75 million, highlighting NPS’s growing interest in cryptocurrency. MicroStrategy, a

August 16, 2024 1 min read

IMF Proposes Tax Hike on Crypto Mining and AI Data Centers

On August 15, 2024, the International Monetary Fund (IMF) recommended a major increase in electricity taxes for cryptocurrency miners and AI data centers to address their carbon footprint. The IMF’s proposal suggests raising the electricity cost for crypto miners by 85%. They propose a tax of $0.047 per kilowatt-hour, potentially

August 16, 2024 2 mins read

Circle Launches New Platform to Simplify USDC Payments for Businesses

Circle, a leading issuer of stablecoins, has announced the launch of AcceptUSD.com, a new platform developed to simplify cryptocurrency payments for businesses. The service aims to facilitate seamless integration of USD Coin (USDC) transactions, enabling merchants to accept stablecoin payments with ease.  According to the website, by partnering with Coinbase,

August 16, 2024 2 mins read

Can Bitcoin Reclaim $60K Amid Market Volatility?

Bitcoin, the leading cryptocurrency, continues to struggle under bearish conditions, despite recent attempts at recovery. After briefly falling below $56,100, Bitcoin has rebounded slightly and is currently trading at $58,000, reflecting a modest decline. Notably, trading volume is up by 11%. And, over the past seven days, Bitcoin has experienced

August 16, 2024 2 mins read

ZachXBT Uncovers Major North Korean Network Targeting Crypto Firms

Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT

August 16, 2024 2 mins read