Author: Crypto Team

December 19, 2024 Abu Dhabi, UAE — Pioneer of blockchain-powered advertising transparency VeraViews has partnered transformatively with OnDemand, the creative artificial intelligence tool created by AIREV. This partnership will make use of On Demand’s sophisticated AI features to support VeraViews’ goal of eradicating ad fraud and promoting openness inside the digital advertising network. The innovative technologies of On Demand provide a range of tools that can help VeraViews to improve its ad fraud detection systems, including: Intelligent agents reduce the need for human interaction by autonomously completing difficult fraud detection chores, therefore streamlining processes. Advanced machine learning techniques examine large…

A California court has sided with Coinbase, permitting the exchange to proceed with its plan to delist Wrapped Bitcoin (wBTC) amid an ongoing legal dispute with BiT Global. The court’s decision came after BiT Global, a Hong Kong-based company linked to cryptocurrency entrepreneur and Tron founder Justin Sun, sought a restraining order to prevent the delisting. BiT Global argued that the move would cause “irreparable” harm to its business. U.S. District Judge Araceli Martínez-Olguín ruled that the delisting could go ahead as planned, stating that “self-inflicted wounds are not irreparable injury.” The judge suggested that the harm BiT Global claimed…

The cryptocurrency market experienced a significant shakeup in the past 24 hours, with a wave of liquidations sweeping through the trading landscape. A total of 278,219 traders found themselves on the wrong side of their positions, resulting in a staggering $806.28 million in liquidation. Breaking Down the Liquidations This massive liquidation event highlights the volatile nature of the cryptocurrency market and the risks associated with leveraged trading. The total amount liquidated represents a substantial sum, even for a market known for its price swings and sudden movements. Largest Single Liquidation The most notable casualty in this market turmoil was a…

With its creative Project Dama 2, Germany’s biggest lender, Deutsche Bank is causing stir in the blockchain scene. This ambitious project intends to create an Ethereum Layer 2 protocol addressing important issues in the junction of conventional finance and blockchain technologies. The origins of Project Dama 2 Deutsche Bank’s answer to the growing need for blockchain technologies able to satisfy strict financial sector regulatory needs is Project Dama 2. The bank aims to provide a platform that provides the advantages of blockchain while lowering the dangers connected with public networks by using the Ethereum network and including innovative Layer 2…

The Economic and Financial Crimes Commission (EFCC) in Nigeria recently detained 792 individuals connected to a large-scale crypto romance scam. Foreign Masterminds Behind the Scams The EFCC’s operation targeted a major fraud ring, with arrests made following a raid on a building in Lagos believed to be a base for scammers. These fraudsters tricked victims into investing in fake cryptocurrency schemes. Wilson Uwujaren, EFCC’s spokesperson, revealed that the suspects included 148 Chinese nationals and 40 Filipinos. The criminal group operated out of a high-end property in Lagos, and its victims were primarily from the U.S. and Europe. During the raid,…

Allegally caught in several memecoin scandals, a 34-year-old mechanical engineer turned pornstar finds herself in hot debate. Lover of Animals or Opportunity Builder? Best known as the owner of Peanut the squirrel, Mark Longo developed a reputation as a sympathetic animal activist wrongfully singled out by the New York State Department of Environmental Conservation (NYSDEC). Longo went viral after his house was raided on October 30, 2023 and his cherished animals, Fred the racoon and Peanut the squirrel, were taken and killed. The sad event sparked an online frenzy that inspired a set of memecoins among the Solana crypto community.…

According to a recent NFT Evening research, the ascent of Bitcoin (BTC) past the $100,000 mark has changed the financial scene and produced four new billionaires and 14,211 fresh millionaires. Bitcoin Investors Outpace Supermarket Titans The NFT Evening research shows that Bitcoin is the only asset that can create wealth; BTC investors reached millionaire status 22 times faster than those who bought blue-chip stocks. The results highlight how revolutionary Bitcoin is as an asset class. In terms of perspective, the study looked at the returns on a $4,000 Bitcoin investment against conventional stocks purchased in 2010. BTC investors watched their…

A senior Russian official has confirmed that plans to develop a BRICS payment system are actively advancing, signaling a significant step toward reducing reliance on the U.S. dollar. Russian Deputy Foreign Minister Sergey Ryabkov emphasized that the initiative is not merely theoretical but a concrete and actionable plan. In an interview with the Tass Analytical Center on Tuesday, Ryabkov outlined Russia’s objectives during its BRICS chairmanship, underscoring that the proposed payment system is a practical alternative designed to address the growing need for diversified financial mechanisms. Speaking on Russia’s collaboration with countries like Brazil and Iran, Ryabkov expressed confidence that…

Citing legal limitations, Federal Reserve Chair Jerome Powell discounted the likelihood of the central bank hoarding bitcoin in its reserves during a news conference following a recent rate cut. When asked about the U.S. government creating a bitcoin reserve, Powell underlined that the Federal Reserve Act controls what the organisation may acquire and bitcoin is not included. “We’re not allowed to own bitcoin,” Powell declared. “We are not seeking a legislative reform; the Federal Reserve Act specifies what we are allowed to acquire. Congress should take that into account, but at the Fed we are not looking for any legislative…

Binance has achieved a significant milestone with BNSOL, its Solana liquid staking token, as it surpasses $1 billion in total value locked (TVL). This remarkable achievement represents over 10% of the market capitalization of all Solana liquid staking tokens. The success of BNSOL can be attributed to the rapid expansion of Solana’s ecosystem, which has witnessed its liquid staking ratio more than double in 2024, reaching an estimated market valuation of $8 billion. BNSOL’s popularity among Binance users stems from its high returns and versatile applications, solidifying its position as a leading player in the liquid staking ecosystem. With over…