El Salvador has made headlines in the cryptocurrency world recently after becoming the first country to adopt Bitcoin as legal tender. In line with this move, President Nayib Bukele has appointed Saifedean Ammous, author of the book “The Bitcoin Standard” and well-known Bitcoin maximalist, as an economic advisor to the National Bitcoin Office of El
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Paxful, a peer-to-peer bitcoin marketplace, has announced the appointment of Roshan Dharia as its interim CEO. In his new role, Dharia will focus on strengthening the company’s operations and exploring strategic alternatives. Dharia expressed his excitement about the opportunity, saying, “It’s a great honor to become CEO of Paxful. I look forward to hitting the
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NVIDIA, the multinational semiconductor and technology company, has reached a market capitalization of over $1 trillion, a value comparable to that of all cryptocurrencies combined. Following the release of strong quarterly earnings results, the company’s stock rose by 6%, reaching a 52-week high. Although share prices have since fallen slightly, the company’s value remains above
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Bitcoin blockchain has recorded over 10 million inscriptions using the Ordinals protocol, according to data from Dune Analytics. The majority of these inscriptions were recorded within the last month. Ordinals protocol allows users to embed data into a single identifiable satoshi, thereby opening up potential applications. Ordinals Inscriptions Ordinals inscriptions were first used for producing
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The highly controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill to tackle the Debt Ceiling crisis. The proposed 30% tax on energy costs for cryptocurrency miners drew widespread criticism from stakeholders within the crypto-mining sector and US lawmakers. The omission of the tax has been widely
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Fractional NFTs, or non-fungible tokens, have emerged as a new way to invest in high-value assets like real estate, fine art, luxury goods, and rare items. By splitting a single NFT asset into smaller pieces, fractionalization allows partial ownership of an NFT. This makes it possible for investors who wouldn’t be able to purchase the
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The Commodities Futures Trading Commission (CFTC) has taken action against five individuals for their involvement in promoting fraudulent bitcoin and cryptocurrency trading services. The CFTC claims that the defendants targeted Spanish-speaking investors and swindled them out of their funds. The five individuals are David Carmona, Juan Arellano Para, Moses Valdez, David Brend, and Marco A.
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Ethereum has recently undergone a historic Merge event in September, which has transformed it into a proof-of-stake blockchain. This entails validators staking their Ether (ETH) to confirm transactions. Ethereum’s March upgrade, known as Shanghai, has enabled stakers to withdraw their locked Ether. Ethereum’s investment themes include decentralized finance (DeFi), stablecoins, Bitcoin (via wrapped versions of
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DeeLance, a web3 freelancing and remote work metaverse platform, has secured a strategic investment of $1.12 million from Bitgert Ventures, a top venture capital (VC) investment firm. The investment will help fund the development of DeeLance’s blockchain-powered metaverse, which has been generating hype in web3 circles and is expected to disrupt the web2 platform-centric freelance/gig
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