Kazakhstan authorities have dismantled an illicit electricity supply scheme worth an estimated $16.5 million that powered cryptocurrency miners in violation of national regulations. Key Takeaways: Kazakh authorities shut down a $16.5M illegal power scheme. Mining firms received over 50 megawatt-hours of electricity in violation of rules. Kazakhstan is tightening mining regulations while advancing plans for…
T-RIZE Group, a worldwide pioneer in institutional-grade tokenization infrastructure, today announced the successful listing of its native utility token, $RIZE on Revolut. This crucial move furthers the company’s aim of providing regulated, safe access to tokenized real-world assets (RWAs) for both individual users and institutional investors. This integration with Revolut, a licensed European bank and…
Near Protocol (NEAR) has surged past Solana in daily active users, with the milestone putting the Layer-1 (L1) blockchain in the spotlight. While the NEAR price has been down by over 5% in the last 24 hours, analysts say it may be undervalued. Why NEAR Protocol’s Surge Might Be the Market’s Best-Kept Secret The Near…
Wisconsin legislators are making a renewed push to rein in cryptocurrency kiosks, filing a second bill in two weeks aimed at curbing fraud tied to the machines. Key Takeaways: Wisconsin lawmakers have introduced twin bills to regulate the state’s 582 crypto kiosks. FinCEN reported a 99% surge in kiosk-related scams in 2024, with losses reaching…
Heritage Distilling Holding Company, a US-based craft distillery, saw its stock (CASK) drop by 28.25% after revealing plans to create a $360 million Story (IP) reserve. With this move, Heritage becomes the first Nasdaq-listed company to make IP, the native token of Story Protocol, as its primary reserve asset. Story Protocol is a layer-1 blockchain…
ZORA, the native token powering the trending blockchain-based social creator platform, has continued its surge, posting an overnight 55% rally that pushed the price to a new all-time high of $0.1409. While the token has since pulled back to $0.126 at the time of writing, the latest momentum has propelled ZORA to gains exceeding 1,500%…
As the second week of August begins, the total crypto market capitalization has surpassed $4 trillion, officially setting a new all-time high. With trading sentiment improving, bullish expectations deepen the imbalance between long and short positions. As a result, some altcoins could face significant liquidations this week if prices move against the expectations of short-term…
Interest in the selective altcoin season is back. Traders are scanning for projects that pair liquid markets with visible usage. Ethena, Pump.fun, and Hyperliquid sit in that mix today. Each has an active token, steady volume, and a clear role in its corner of crypto. Ethena (ENA) Ethena’s token trades near the center of a…
According to reports, an Argentine Ethereum developer known online as “Fede’s Intern” was detained in Izmir after Turkish authorities said he helped people “misuse” the Ethereum network. He denies any wrongdoing and says his work is focused on building blockchain infrastructure. On Aug. 11 he told followers on X that authorities had informed his lawyer…
Chinese fintech heavyweight Ant Group has dismissed speculation that it is collaborating with the People’s Bank of China (PBoC) to issue a rare earth-backed RMB stablecoin. Key Takeaways: Ant Group denied working with the PBoC on a rare earth-backed RMB stablecoin. Regulatory restrictions keep Chinese firms’ stablecoin efforts focused on overseas markets. Authorities have tightened…