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  • Aug 07, 2024

Another Trump Meme Coin Has Pumped and Dumped—Here's What Happened

Yet another Trump-themed memecoin has soared and cratered—and no, it isn’t officially tied to the actual Trump family. Yet that’s what people seemed to think of the “Restore the Republic” (RTR) token, whose market capitalization ripped to over $100 million within an hour of its launch on Thursday. As of writing, however, its value has plummeted back to $9.2 million, according to DexScreener, which is a more than 90% reversal. Another Solana-based RTR token launched at roughly the same time and f...

  • Aug 07, 2024

Blast Memecoin Pacmoon Migrates to Solana, Rebrands to ARMY

Blast meme coin Pacmoon (PAC) is migrating to Solana, less than four months after launching on the Ethereum layer-2 scaling network. The move will see the token renamed ARMY, as revealed by a promotional Twitter video. As per Pacmoon’s official site, users are encouraged to connect their Blast wallet, enter their Solana address, then burn their PAC tokens in order to be airdropped ARMY tokens—at an exchange rate of 1 PAC for 10 ARMY.  WE ARE MIGRATING TO SOLANA pic.twitter.com/UGoocA1V3U — PACM...

  • Aug 07, 2024

OneCoin ‘Cryptoqueen’ Ruja Ignatova’s Assets Frozen by UK Court

London’s High Court has issued a worldwide freeze order for the assets of alleged OneCoin fraudsters, including those of the infamous ‘Cryptoqueen’ Ruja Ignatova. According to an announcement shared with Decrypt, the case—initiated by over 400 victims of the OneCoin Ponzi scheme—resulted in a freeze order on the assets of Ignatova and OneCoin co-founder Sebastian Greenwood, along with Christopher Hamilton, and Robert MacDonald. Hamilton and MacDonald allegedly helped launder the funds on behalf...

  • Aug 07, 2024

Solana ETF Approved by Brazilian SEC

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF). According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3. The ETF will reference the CME CF Solana Dollar Reference Rate, created by CF Benchmarks and the Chicago Mercantile Exchange (CME). Speaking to exame, QR Asset manager and c...

  • Aug 07, 2024

Kamala Harris Presidential Odds Tie With Trump’s on Polymarket

Vice President Kamala Harris is now tied with former president Donald Trump at 49% among bettors looking to predict the next occupant of the White House on crypto prediction platform Polymarket. The wager is the single largest betting pool on the site, with over $541 million riding on the contest. The milestone comes the day after Harris announced Minnesota Gov. Tim Walz as her running mate—a development that confounded Polymarket users that had heavily favored Pennsylvania Gov. Josh Shapiro. K...

  • Aug 07, 2024

Franklin Templeton’s Blockchain Fund Launches on Ethereum Layer-2 Arbitrum

Global asset manager Franklin Templeton’s blockchain-based money market fund has launched within the Arbitrum ecosystem, as real-world asset (RWA) tokenized funds gain traction among investors. Arbitrum is a popular scaling solution for Ethereum. Franklin Templeton’s Nasdaq-listed OnChain U.S. Government Money Fund, FOBXX, became accessible in digital wallets on the Arbitrum network on Thursday, the firm said in a statement. FOBXX’s launch on Arbitrum is part of its issuer’s efforts to widen acc...

  • Aug 07, 2024

Putin Signs Bill to Green Light Crypto Mining in Russia

Russian President Vladimir Putin has signed a law allowing cryptocurrency mining in the country, state-owned media has reported, as lawmakers brainstorm how to skirt sanctions in the pariah state.  The law establishes regulations for the previously outlawed crypto mining industry in the country, limiting the activity to legal entities and individuals who register with the Ministry of Digital Development. Entities and entrepreneurs who do not register will be allowed to mine only if they do not e...

  • Aug 07, 2024

AI Firm Synthesia Unveils Digital Video Avatars—Here's How They Work

Have you ever wanted a digital twin? Or dreaded having to re-record a series of videos? Like a sci-fi storyline, London-based synthetic media generation developer Synthesia has launched a service that gives customers the ability to create digital video representations of themselves that they can use on social media and in marketing campaigns. Synthesia first announced the launch of its Personal Avatars during a livestream on Wednesday. These avatars, Synthesia claims, can be generated using as l...

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