Crypto News by Satoshi Club

2024-06-21 02:43:10 Gemini crypto exchange founders donate 30.94 Bitcoin worth $2 million to Donald Trump to "put an end to the Biden Administration's war on crypto"

The Winklevoss brothers, founders of the Gemini cryptocurrency exchange, have donated $1 million in Bitcoin to Donald Trump’s campaign.

They criticized the Biden Administration for its regulatory stance on crypto, claiming it has targeted the industry. This donation aligns with Trump’s recent comments at a San Francisco fundraiser, where he positioned himself as a supporter of cryptocurrency and criticized Democratic regulatory efforts. Open / Comment

2024-06-19 19:47:32 Arkham Intel posted a $150,000 bounty for the DJT token founder

Arkham Intelligence has announced a $150,000 bounty to identify the creator of the Trump-themed DJT token.This initiative is part of Arkham's broader efforts to enhance transparency and accountability in the cryptocurrency space by leveraging community-driven investigations.

The DJT token has gained significant attention due to its association with former President Donald Trump and its notable market activity.

By offering this substantial reward, Arkham aims to uncover the identity behind the token, highlighting the importance of transparency in blockchain projects and the effectiveness of crowd-sourced intelligence in achieving it. Open / Comment

2024-06-19 01:18:00 Fox Partners With Time to Employ its Blockchain Protocol for Content Verification

Fox Corporation and Time have partnered to utilize Fox's Verify protocol, which leverages blockchain technology to combat misinformation and ensure the authenticity of journalistic content.

Verify, initially launched on Polygon’s proof-of-stake network, will transition to its own zero-knowledge blockchain, enhancing security and enabling provable content projects. Open / Comment

2024-06-18 00:03:38 Tether unveils gold backed synthetic dollar

Tether, the issuer of the dominant stablecoin USDT, just launched Alloy, a platform for creating new tokens backed by their existing gold-backed token XAUT. The first product is aUSDT, a synthetic dollar "supported" by real gold stored in Switzerland.

Unlike traditional stablecoins pegged to the US dollar, aUSDT derives its value from gold. Users can mint aUSDT by depositing XAUT as collateral, with a maximum limit of 75% of the collateral value. This marks Tether's foray into tokenization and offering innovative financial instruments within the crypto ecosystem. Open / Comment

2024-06-15 18:32:27 CZ, the founder and CEO of Binance, holds approximately 64% of the circulating supply of Binance Coin BNB

This large ownership stake has significantly contributed to his substantial wealth, positioning him among the world's richest individuals with an estimated net worth of $61 billion. His dominant share in BNB, alongside his 90% equity stake in Binance, underscores his influential role in the cryptocurrency market.

BNB, initially launched through an ICO in 2017, has grown to become the fourth-largest cryptocurrency by market capitalization. Open / Comment

2024-06-11 00:09:12 Arbitrum DAO approved $215 million gaming ecosystem fund

The Arbitrum DAO has approved a $215 million gaming ecosystem fund proposed by the Arbitrum Foundation. This fund aims to boost the development of blockchain-based gaming projects on the Arbitrum network.

It will provide grants, investments, and other financial support to developers and gaming startups, encouraging innovation and growth in the sector.

This strategic move is expected to attract a wide range of gaming applications and enhance the overall Arbitrum platform. Open / Comment

2024-06-07 20:30:36 Binance allows crypto purchase with credit cards again

Binance announced that users can now purchase cryptocurrencies using Mastercard and Visa directly on its platform.

This move aims to make crypto transactions more accessible and user-friendly by allowing the use of widely accepted payment methods. However, Binance clarified that it has no plans to issue a Binance-branded credit card at this time.

This integration with Mastercard and Visa is part of Binance's ongoing efforts to enhance its service offerings and improve the overall user experience. Open / Comment

2024-06-06 16:21:49 Trading platform Robinhood has agreed to buy U.K.-based crypto exchange Bitstamp for $200 million in cash

This acquisition is part of Robinhood broader plan to enhance its global footprint and diversify its service offerings in the cryptocurrency market. Bitstamp, one of the oldest crypto exchanges, is known for its robust security measures and user-friendly interface, supporting a range of fiat currencies and offering competitive fees.

By integrating Bitstamp's capabilities, Robinhood aims to offer a wider array of crypto services and trading pairs, making it a more attractive platform for international users. This acquisition will also help Robinhood leverage Bitstamp's established market base in Europe and beyond, providing its customers with a more comprehensive and secure trading experience. Open / Comment

2024-06-05 10:12:39 Bitcoin ETFs record $2.4 billion inflows in 3 weeks

Bitcoin ETFs have seen a surge in positive flows, with up to $105 million recorded on June 3, bringing the cumulative inflows to nearly $2.40 billion in the last three weeks.

The spike in inflows coincides with an increase in global liquidity, which can be attributed to broader market sentiment and economic conditions.

Bitcoin's price usually reacts positively to increases in the money supply and inflation concerns, as investors see BTC as a hedge against traditional fiat currencies. Bitcoin ETF inflows for the last two weeks have averaged $136 million per day, indicating that Bitcoin is in an accumulation phase. Open / Comment

2024-06-02 18:07:36 Tap Protocol – Brining DeFi to Bitcoin

TAP is a protocol that makes the creation of NFTs, dApps, and tokens possible directly on Bitcoin.

With its new features, the world's oldest and most popular blockchain could match Ethereum in functionalities, becoming the ultimate DeFi tool.

Here are just some of its features:

Smart Contracts: TAP introduces the first native smart contracts on Bitcoin. Known as Primises, these smart contracts allow for more complex and trustless interaction within the ecosystem.
Fractionalized Ordinals: TAP brings a new level of accessibility to unique digital art. With TAP, micro-ownership of these assets is now possible, making them more accessible to a wider audience.
Token Swaps and Liquidity Pools: TAP enhances the market depth and user empowerment by facilitating seamless exchanges and liquidity provision.
Borrowing, Lending, and Staking: Users can borrow against their holdings, lend to earn interest, and stake tokens to gain rewards and enhance network stability.

For more information about the project, tune into our Space held tomorrow at 1 PM UTC on Satoshi Talks!

P.S.: We’re giving away WL spots for the Tap Protocol Coinlist sale

#NFA #DYOR Open / Comment