Web3 - Crypto News And Market Updates

Illustration showing the impact of the Upbit hack on the Solana network and related market volatility.

Over 8.6K Solana Wallets Linked to $21M DEXX Hack

November 29, 2024 Gonzalo

Over 8.6K Solana wallets linked to the $21M DEXX hack as losses near $30M. Recovery, security upgrades, and negotiations continue to aid users.

Banking and crypto illustration showing a secured loan concept, representing Sberbank-related discussions around crypto-backed lending.

Russia Officially Recognizes Crypto as Property With New Tax Law

November 29, 2024 Gonzalo

Russia’s new law recognizes crypto as property, imposes taxes on sales and mining, and introduces strict regulatory measures for mining operations.

Bitcoin positioned as a global store of value, shown alongside gold bars, cash reserves, and a world map, symbolizing Bitcoin’s role in the global financial system and capital preservation.

Vancouver Mayor Aims to Transform City into Bitcoin Hub

November 28, 2024 Gonzalo

Vancouver Mayor Ken Sim plans to make the city Bitcoin-friendly, incorporating Bitcoin into investment portfolios to drive financial innovation.

Illustration showing Amundi tokenizing a €5 billion fund on Ethereum, highlighting institutional blockchain adoption.

Hong Kong Proposes Tax Breaks to Attract Crypto Hedge Funds and Investors

November 28, 2024 Gonzalo

Hong Kong plans tax exemptions on crypto gains for hedge funds, family offices, and private equity, competing with Singapore and Switzerland.

Former U.K. Minister Steve Baker Joins Axiom Venture Capital as Adviser

November 28, 2024 Gonzalo

Former U.K. minister Steve Baker approved for an advisory role at Bitcoin-focused Axiom Venture Capital, with restrictions to ensure propriety.

Illustration showing Bitcoin accumulation imagery with stacked coins and network effects.

US Judge Halts Arkansas Crypto Mining Laws in Chinese Ownership Case

November 27, 2024 Gonzalo

A US judge temporarily halted Arkansas laws targeting Chinese-owned crypto mining, citing potential constitutional violations and legislative overreach.

Russia’s Central Banker Behind CBDC Initiative Steps Down

November 26, 2024 Gonzalo

Olga Skorobogatova, key architect of Russia’s digital ruble and Mir system, resigns as deputy governor, signaling a shift in the nation’s CBDC strategy.

Illustration showing Rumble platform with Bitcoin tipping and digital payment symbols.

Rumble to Invest $20M in Bitcoin as Treasury Strategy Gains Momentum

November 26, 2024 Gonzalo

Rumble plans to invest up to $20M in Bitcoin, marking a major move in its treasury strategy to embrace cryptocurrency. Shares spiked after the announcement.

Stellar blockchain illustration showing mobile payments in an island setting, representing blockchain-based financial infrastructure in the Marshall Islands.

Morocco Central Bank to Legalize All Cryptocurrencies

November 26, 2024 Gonzalo

Morocco’s central bank is drafting laws to legalize cryptocurrencies, inspired by Europe’s MiCA framework, aiming to boost financial inclusion.

Bitcoin price range illustration with stablecoin liquidity flows, representing sideways market structure and liquidity dynamics.

Singapore Gulf Bank Seeks $50M for Stablecoin Firm Acquisition

November 25, 2024 Gonzalo

Singapore Gulf Bank plans to raise $50M by selling a 10% equity stake, funding product growth and acquiring a stablecoin payments firm by 2025.