This past week has been a hot one for the crypto market. Now, let’s take a look at the most notable crypto news.
Crypto News of the Week
Tesla Transfers Entire $760 Million Bitcoin Holdings
Tesla has caused a stir by moving all of its $760 million worth of Bitcoin to anonymous wallets. This unexpected action has raised questions and concerns throughout the crypto community.
Binance to Rebrand KLAY Token as KAIA
Binance has announced it will rebrand KLAY to KAIA. This change will affect how users deposit, withdraw, and trade KLAY pairs on the platform, urging them to be prepared for the shift.
Italy Proposes Significant Crypto Tax Hike
Italy’s government plans to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%. This substantial rise could have far-reaching effects on Italian crypto investors.
Litecoin Spot ETF Filed by Canary Capital
Asset management firm Canary Capital has submitted an official application to the SEC to launch a Litecoin Spot ETF. If approved, this would bring Litecoin into the growing list of tradable crypto ETFs.
Bitnomial Raises $25 Million Led by Ripple Labs
Bitnomial, a crypto derivatives exchange, has raised $25 million in a funding round spearheaded by Ripple Labs. The funding aims to drive the platform’s expansion and innovation in the crypto sector.
Praxis Secures $525 Million for High-Tech City Project
Praxis has raised $525 million to build a futuristic tech city. This ambitious project will focus on integrating cryptocurrency, artificial intelligence, and biotechnology to create a “Networked Nation.”
Stripe Teams Up with PAXOS for Crypto Payments
Stripe has collaborated with Paxos to launch a new stablecoin payment solution. This initiative will make it easier for businesses and individuals to adopt crypto for everyday transactions.
SEC Files Charges Against UBI Blockchain Internet
The SEC has launched legal action against UBI Blockchain Internet, opening administrative proceedings against the company. This lawsuit continues the SEC’s strict stance on crypto regulation.
Dormant Bitcoin Whale Transfers $74 Million in BTC
A Bitcoin whale, who has held onto their funds since 2009, has moved over $74 million worth of BTC. This is the first activity from this address in over a decade, attracting attention from the crypto world.
Gotbit CEO Arrested for Market Manipulation Investigation
Gotbit has confirmed that its CEO was arrested in Portugal in connection with allegations of manipulating cryptocurrency prices. The case is now under investigation by authorities.
OKX to Delist Six Cryptocurrencies on October 24
OKX has announced that it will delist six cryptocurrencies, including BLOCK, UTK, AST, SIS, WXT, and WIFI. The delisting will occur on October 24, 2024, between 3:00 and 3:30 PM.
Binance Labs Backs Bitcoin Liquid Staking Project Lombard
Binance Labs has made a significant investment in Lombard, the developer of LBTC, a Bitcoin liquid staking protocol. The investment highlights the growing interest in liquid staking within the crypto space.
Address Book NFT – Simplify Crypto Trading
The Address Book NFT on KEYRING is a tool that links your crypto wallet to an email or nickname, making transactions easier and safer.
Why It’s Great for Users:
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Ease of Use: Link your wallet to familiar contact info, eliminating the need to remember complex addresses.
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Enhanced Security: Verifies your details on the blockchain, ensuring secure, legitimate interactions.
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Personalization: Customize your NFT with an avatar and unique details, personalizing your digital identity.
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Free and Accessible: Minting an Address Book NFT is free, making it accessible to everyone.
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Future-Proofing: This keeps you ahead with a streamlined, secure way to manage crypto transactions.
In essence, the Address Book NFT simplifies your crypto experience, making it safer and more personal.
With an Address Book NFT, your crypto experience is not only simplified but also personalized. Give Address Book NFT a go and watch as your trading becomes a breeze.
