Crypto News 07/29-08/02
Hey there, crypto enthusiasts! We’ve got a roundup of the latest happenings in the crypto world for you. From new meme tokens and innovative Web3 features to major moves by industry giants and quirky new products, there’s plenty to dive into. Grab your coffee and get ready to catch up on all the exciting updates from the past week!
CEO Nansen Drops a Free Meme Token on MakeNowMeme.
Nansen’s CEO has just unleashed a new meme token for free on MakeNowMeme! It’s a fun move to engage with the community and spread some crypto cheer. Read moreTelegram’s New Web3 Features: Browser, App Store, and Giftable Currency.
Telegram’s stepping up its game with a new Web3 browser, an app store, and the ability to gift its internal currency Looks like they’re aiming to become a big player in the Web3 space. Read moreByBit’s pulling out of France because of tough new regulations. French users can only close their positions and can’t open new ones or make deposits. Make sure to wrap things up and pull out your assets by August 13, and note that ByBit’s card services will also be shutting down. Read more
Tether’s Profits Soar to $5.2 Billion for H1 2024.
Tether has reported a massive profit of $5.2 billion for the first half of 2024. It’s a clear sign of their strong position in the crypto world and their continued dominance in the stablecoin market. Read moreMeta’s Metaverse Losses Top $50 Billion.
Meta’s metaverse project isn’t quite hitting the mark as expected, with losses exceeding $50 billion. It’s a huge number and raises questions about the future of their virtual world ambitions. Read moreDonald Trump’s Bitcoin Sneakers Are Up for Pre-Order.
Donald Trump has launched pre-orders for his new "Bitcoin sneakers." It’s a quirky crossover between politics and crypto fashion, and if you’re into both, these kicks might be worth a look! Read moreBitcoin’s Hashrate Growth Signals Strong Resilience.
Experts are optimistic about Bitcoin’s future as its hashrate continues to rise. The increased mining activity suggests Bitcoin is in a strong position and ready to weather future challenges. Read moreRussia Seems to Permit Crypto for International Transactions and Mining. Russia’s State Duma has approved two new crypto laws: one legalizing cryptocurrency mining from November 1, 2024, and another establishing a special regime from September 1, 2024, that lets the Bank of Russia authorize companies for cross-border digital currency transactions and trading. Read more
Bitwise CIO Says Politicians’ Views on Crypto Don’t Matter. According to Bitwise’s CIO, the opinions of politicians on cryptocurrency are less important than market fundamentals. It’s an interesting take on how political sentiments influence the crypto world. Read more
Ethena Labs Launches Alternative to Synthetic Dollar.
Ethena Labs has introduced a new alternative to the synthetic dollar, offering a fresh take on stablecoins. It’s an exciting development for those interested in diversifying their stablecoin holdings. Read more
