Ripple, a leading blockchain company, has announced that it is testing its new stablecoin, RUSD, on both Ethereum and XRP Ledger. This development aims to expand the usability and accessibility of RUSD, which is designed to provide a more stable and secure alternative to traditional fiat currencies. With this move, Ripple is further solidifying its position as a key player in the global blockchain industry.
Source: https://decrypt.co/243970/ripple-usd-rlusd-testing-ethereum-xrp-ledger
As cryptocurrency markets continue to evolve, investors are weighing the potential of two prominent digital assets: XRP (Ripple) and MPEPE. Ethereum's dominant position has led many to question which coin will bring life-changing profits. While both have their unique use cases, it's essential to consider factors like adoption rates, regulatory environments, and market demand before making an investment decision.
Source: https://www.newsbtc.com/altcoin/xrp-or-mpepe-which-crypto-will-bring-more-life-changing-profits/
Midnight Society, a popular gaming community, is moving forward after the shock departure of Dr. Disrespect, a renowned gamer and entertainer. The community has been left reeling from his sudden exit, with some members expressing disappointment and others looking to new opportunities. As the community navigates this change, it's unclear what the future holds for Deadrop, the game that was at the center of their activities.
Source: https://decrypt.co/243967/how-midnight-society-move-deadrop-forward-dr-disrespect
A significant investment in Ethereum (ETH) has sparked debate among market experts. A $1.5 billion stake from an anonymous "Ethereum whale" has led to comparisons with the performance of Mpeppe, another popular cryptocurrency. Industry analysts are weighing in on which option is the better investment.
While some argue that Ethereum's market capitalization and widespread adoption make it a more stable choice, others point to Mpeppe's potential for growth and limited supply as reasons to consider it. As the crypto market continues to evolve, investors must carefully weigh their options.
Recent market movements have sparked interest in Dogecoin (DOGE), with some investors experiencing significant gains. The cryptocurrency's price has surged, reportedly reaching 100x returns for some early adopters. This development is attributed to strategic moves by influential investors, potentially signaling changes in market dynamics.
A prominent cryptocurrency investor has added a presale option for MPEPE, a token predicted to surge in value by 240 times. This development comes as the crypto market continues to evolve, with investors seeking new opportunities. While some may view this move as a promising investment opportunity, others might be cautious due to the inherent risks involved in cryptocurrency investments.
A significant investment by an Ethereum (ETH) whale has sparked excitement in the crypto community, with some predicting a new all-time high (ATH) for ETH in August. Meanwhile, a new Initial Coin Offering (ICO) built on ETH is experiencing rapid growth. This development highlights the growing confidence in the emerging market and the potential for further growth.
The US Internal Revenue Service (IRS) has released an updated draft of the Form 1099-DA, a tax reporting form for crypto brokers and investors. The new form is more streamlined and requires less data reporting than the initial version. Starting in 2026, crypto investors who use brokers will receive the 1099-DA to report certain transactions as taxable events.
The updated form removes spaces for investors to write in wallet addresses and transaction IDs, which raised privacy concerns. Additionally, the form no longer asks filers to identify their broker type or include transaction times.
The IRS has invited industry input on the proposed form, with a 30-day comment period. The public can provide feedback on the new tax reporting requirement.
Cryptopolitan's article "10 Best Bitcoin Live Casino Sites" seems to be experiencing technical issues. The website is being protected from online attacks by a security service, which has blocked access to the page. Visitors are advised to contact the site owner if they were blocked.
The decentralized autonomous organization (DAO) space has reached a significant milestone, with DAOs holding $17.9 billion in value. As these organizations prepare for governance wars, the question remains: what's at stake? On one hand, DAOs offer a democratic and transparent way to make decisions, empowering community members. On the other hand, governance disputes can lead to costly and time-consuming conflicts. As the decentralized space continues to evolve, it's essential to strike a balance between innovation and effective decision-making processes.
Source: https://www.cryptopolitan.com/daos-value-governance-wars/
The cryptocurrency market is facing a crucial decision regarding token distribution. A recent opinion piece by Ethan Luc, head of community at Lava Network, suggests that the industry needs to rethink its approach to token launches. The current focus on inflated valuations and speculative price action must shift towards long-term utility and transparency.
Luc argues that the prevailing "low float, high fully-diluted value (FDV)" strategy is unsustainable and artificial. This approach involves releasing a small percentage of tokens while assigning a high price, creating a deceptively inflated FDV. Many projects have adopted this model, leading to short-lived benefits that disintegrate in the long-term.
The alternative approach suggested by Luc involves a market-derived FDV through decentralized exchange (DEX) trading, designed to reduce speculation and organically foster a community of believers and long-term network participants.
Crypto Critiques by NYT and WaPo Misguided, Says Paradigm VP
Perfect World has announced RMR (Regional Major Ranking) and Qualifier invites for the upcoming Shanghai Major in Dota 2. This move aims to provide more opportunities for teams to participate in the prestigious tournament. The RMR will feature a new format, with teams battling it out in a series of matches to determine their ranking.
Source: https://www.cryptopolitan.com/perfect-world-rmr-and-qualifier-invites/
Analysts at Cryptopolitan have highlighted MoonTaurus (MNTR) as a top pick for Q4 2024. According to their analysis, MNTR has shown promising growth and development in recent quarters, making it an attractive investment opportunity for those looking to diversify their portfolios.
Source: https://www.cryptopolitan.com/analysts-highlight-moontaurus-mntr-as-top-pick-for-q4-2024/
Ripple has begun testing its stablecoin, Ripple USD (RLUSD), on both Ethereum's mainnet and the XRP Ledger. The beta phase aims to ensure the token meets high standards for security, efficiency, and reliability before its wide availability after regulatory approval. RLUSD is backed by short-term US Treasuries, dollar deposits, and cash equivalents, with audited reserves and monthly attestations planned.
Breaking news! A leading ETF provider, VanEck, believes that Solana ETFs are "inevitable" in the US market after Brazil's approval. This move could pave the way for greater adoption and mainstream recognition of cryptocurrencies like Solana. What do you think? Is this a game-changer for the crypto industry?
Source: https://decrypt.co/243964/solana-etfs-inevitable-us-brazil-approval-vaneck-exec
The Kanpai Pandas NFTs floor price has taken a significant hit, dropping by 45% following a scandal involving token endorsements. Despite the initial hype surrounding the project, concerns over authenticity and transparency have led to a sharp decline in value.
Source: https://www.cryptopolitan.com/kanpai-pandas-nfts-floor-price-dives-45/
The City of Santa Monica's Bitcoin Office is set to host an Open-Source Bitcoin Festival in October. The event aims to promote education, collaboration, and innovation within the Bitcoin community. This initiative aligns with the city's efforts to foster a supportive environment for blockchain technology development.
Near Protocol, a leading blockchain platform, has introduced Chain Signature technology for secure cross-chain transactions. This innovation enables seamless interactions between different blockchain networks, promoting interoperability and scalability in the decentralized space. The new tech aims to address existing limitations and increase trust among users.
Source: https://www.cryptopolitan.com/near-protocol-chain-signature-tech/
California Partners with NVIDIA to Enhance AI Education Initiative
California has announced a new AI education initiative in collaboration with NVIDIA, aimed at equipping universities and community colleges with generative AI skills. The partnership aims to provide educators with the necessary resources to develop skills in generative AI, including certification through the NVIDIA Deep Learning Institute University Ambassador Program.
Source: https://Blockchain.News/news/california-partners-nvidia-enhance-ai-education