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dYdX faces security breach amid sale discussions and leadership changes
dYdX v3 compromised by a DNS attack; 2 smart contracts compromised. Exchange discussing the sale of its derivatives arm to Wintermute and Selini. Founder Antonio Juliano stepped down; Ivo Crnkovic-Rubsamen now leads the company. dYdX, a prominent decentralized exchange, is grappling with a significant security breach involving its v3 protocol. On July 23, it was…
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UAE Central Bank introduces new Stablecoin regulations
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs. The new framework is set to…
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Republic’s Flagship Digital Asset Dividend Pool Surpasses $1 Million
New York, USA, July 23rd, 2024, FinanceWire The Republic Note dividend pool is now over $1 million! As a reminder, the Note dividend pool grows when Republic is able to sell eligible investments it has made for cash, and places a portion of them into an interest-bearing account dedicated to the Note. Once the Note…
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dYdX faces security breach amid sale discussions and leadership changes
dYdX v3 compromised by a DNS attack; 2 smart contracts compromised. Exchange discussing the sale of its derivatives arm to Wintermute and Selini. Founder Antonio Juliano stepped down; Ivo Crnkovic-Rubsamen now leads the company. dYdX, a prominent decentralized exchange, is grappling with a significant security breach involving its v3 protocol. On July 23, it was…
Continue Reading dYdX faces security breach amid sale discussions and leadership changes
UAE Central Bank introduces new Stablecoin regulations
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs. The new framework is set to…
Continue Reading UAE Central Bank introduces new Stablecoin regulations
Republic’s Flagship Digital Asset Dividend Pool Surpasses $1 Million
New York, USA, July 23rd, 2024, FinanceWire The Republic Note dividend pool is now over $1 million! As a reminder, the Note dividend pool grows when Republic is able to sell eligible investments it has made for cash, and places a portion of them into an interest-bearing account dedicated to the Note. Once the Note…
Continue Reading Republic’s Flagship Digital Asset Dividend Pool Surpasses $1 Million
3 Russell Stocks to Buy Before the Potential Upcoming Rally
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Monday, Tom Lee, co-founder of Fundstrat Global Advisors and head of research, boldly predicted that Russell 2000 (RUT) small-cap stocks could see up to a 40% rally by the end of the summer.…
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WazirX $230M Crypto Hack Shakes India’s Crypto Scene: “Horrifying Situation”
A recent security breach at WazirX, resulting in a staggering $230 million loss, has sent shockwaves through India’s cryptocurrency ecosystem. This incident has led to intense scrutiny of current security practices and crucial discussions about safeguarding digital assets in an increasingly risky environment. Users are concerned about the ease with which fraudsters can manipulate exchanges.Dissecting…
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INX and Republic Strengthen Strategic Partnership to Drive Real World Asset Innovation
The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the “Company” or “INX”), is excited to announce the strengthening of its strategic partnership with Republic. This enhanced collaboration aligns perfectly with INX’s growth strategy and builds on the previous announcement made on February 15th, 2024.Under this expanded partnership, INX will refer prospective…
Stocks to Watch Today: UPS, PM, and MSCI
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. United Parcel Service (NYSE: UPS) disappointed investors with weaker-than-expected performance in Q2, failing to meet analyst expectations. Philip Morris International (NYSE: PM) raised its annual guidance based on strong demand for its nicotine pouch…
The Digital Chamber Wants Kamala Harris to Champion Digital Asset Innovations
The Digital Chamber group wants Kamala Harris to support digital assets The advocacy group has requested Harris pick a vice president who understands the industry They believe the digital asset industry is creating a “revolutionary shift” that Harris needs to champion The Digital Chamber has written a letter to Vice President Kamala Harris calling on…
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Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri Lanka
FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka.This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other high-visibility ground assets.Floki is the people’s cryptocurrency…
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Floki’s Valhalla Joins as Associate Sponsors for India’s Tour of Sri Lanka
Miami, Florida, July 23rd, 2024, Chainwire FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka. This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other…
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Dogecoin targets recovery as investors choose Poodlana
Poodlana presale has raised over $2.1 million in under a week as Dogecoin price struggles for momentum. The crypto-savvy are joining in as a fashion-centric Poodlana creates waves in Asia. Poodlana’ presale opportunity is only available for 30 days and ends on August 16. Dogecoin (DOGE) recently reached highs last seen in early June, and…
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General Motors Co. Beats Q2 Expectations with $47.9 B in Revenue
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. General Motors Co. (NYSE: GM) reported robust second-quarter results for 2024, showcasing significant financial growth and operational efficiency. The automaker posted a revenue of $47.9 billion, surpassing the expectations set for the quarter. Net…
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UPS Falls Short of EPS and Revenue Expectations in Q2
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. United Parcel Service, Inc. (NYSE: UPS) reported its second-quarter earnings for 2024, revealing a mixed performance. The company posted consolidated revenues of $21.8 billion, reflecting a slight decline of 1.1% from the previous year’s…
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Danaher Corporation Beats Q2 Expectations with $907 M in Net Earnings
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Danaher Corporation (NYSE: DHR) has reported its financial results for the second quarter of 2024, showcasing a solid performance despite a slight decline in revenues. The company announced net earnings of $907 million, or…
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Breaking Down Grayscale’s Decentralized AI Fund
The world’s largest crypto asset manager, Grayscale Investments, has announced the launch of a new fund focusing on decentralized artificial intelligence projects. Over the past couple of years, AI popularity has exploded, and as a result, the global AI market size has grown past $184 billion in 2024. It is further projected to surpass $826bln…
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What to Expect from Alphabet’s Upcoming Q2 Results
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Tuesday, July 23rd, Alphabet (NASDAQ: GOOGL) is scheduled to release Q2 2024 earnings ending June. Year-to-date, GOOGL shares are up 31%, sandwiched between its main competitors, Microsoft (NASDAQ: MSFT) (up 19%) and Meta…
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Etherfuse Raises $3M to Bring Emerging Market Debt On-chain
Mexico City, Mexico, July 22nd, 2024, Chainwire Etherfuse, a pioneering platform for the issuance of tokenized real-world assets, announced today that it has successfully raised $3 million in a seed funding round. The round was co-led by White Star Capital and North Island Ventures, with participation from The Department of XYZ, The Stellar Development Foundation,…
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Stocks to Watch Today: Nvidia, Tesla, and CrowdStrike
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In today’s market, three tech giants are making headlines for very different reasons. Nvidia (NASDAQ: NVDA) received a boost from analyst upgrades, Tesla (NASDAQ: TSLA) unveiled plans for humanoid robots, and CrowdStrike (NASDAQ: CRWD)…
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More Pain for CrowdStrike as IT Outage Damages Estimated to Top $1 Billion
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In what experts are calling potentially the “largest IT outage in history,” cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ: CRWD) is facing mounting pressure following a catastrophic software update that wreaked havoc across global industries.…
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Verizon’s Q2 Revenue Falls Short of Expectations, EPS in Line
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported a solid second-quarter performance for 2024, marked by notable growth in wireless service revenue and broadband subscriber additions. The company’s total wireless service revenue reached $19.8 billion,…
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Bank of Hawai‘i (BOH) Reports Mixed Q2 2024 with $0.81 EPS
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Bank of Hawai‘i Corporation (NYSE: BOH) reported its second-quarter financial results for 2024, showcasing a mixed performance. The company achieved diluted earnings per common share (EPS) of $0.81, reflecting a decrease from $0.87 in…
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SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks
Hong Kong, Hong Kong, July 21st, 2024, Chainwire SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing social app…
Investing In Aerodrome Finance (AERO) – Everything You Need to Know
Aerodrome Finance (AERO) is a fourth-generation decentralized finance (DeFi) ecosystem. The platform combines an advanced Automated Market Maker (AMM) with liquidity-generating features, providing traders with unique opportunities. Here’s what you need to know about Aerodrome Finance. Aerodrome serves a vital role as the central liquidity hub for the BASE blockchain economy. This positioning and its…
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Decoding Crypto Investment: The Scientific Strategy for Venture Capitalists
The cryptocurrency market has been on a remarkable rise since the beginning of 2024, fueled by several factors such as the approval of a spot Bitcoin ETF by the SEC, Bitcoin halving that happened recently in April, the increased institutional interest and demand, and the innovation and adoption of various blockchain projects and platforms. The…
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Is GameStop Legend Roaring Kitty About To Ignite The Crypto Bull Run? Whales Are Scooping Up These 2 Altcoins
After years of inactivity, the legendary trader Keith Gill, known as Roaring Kitty on X, came to life last week. The resurgence of Roaring Kitty, known for making bank on GME (Gamestop) stocks in 2021, triggered a massive surge in Gamestop shares. The recent rally comes after Gill posted a screenshot showing that he holds…
Bitget Enriches VIP Access with Expanded Services and Perks
Victoria, Seychelles, June 8th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is excited to announce significant upgrades to its VIP levels and perks, aimed at providing more flexible, considerate, and exclusive benefits for a broader range of users. These enhancements are part of Bitget’s commitment to fostering a more equitable future…
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Investors target Injective, ORDI gains ahead of Bitbot launch
Injective and ORDI soared in intraday trading today, leading the market as analysts predict the altseason is loading. Bitbot has wrapped up its token sale just as crypto sentiment flips bullish. Injective (INJ) and ORDI (ORDI) are among altcoins to see decent gains this week as market anticipation for an altseason rises. INJ and ORDI…
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3 High-Risk, High-Reward Stocks to Consider in June 2024
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Outpacing the erosion of money via inflation is not enough for some investors. Among many candidates in this category, from dividend to growth and blue-chip stocks, they typically involve safe, slower growth. But what…
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Nike Shares Gain Amid Cost-Cutting Measures, Europe Layoffs
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Nike Inc. (NYSE: NKE) recently implemented a significant cost-cutting measure: it laid off staff at its European headquarters in Hilversum, the Netherlands. This move is part of a larger plan to reduce costs by…
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BEVM Visionary Builders (BVB) Program Launches a 60 Million Ecosystem Incentives Program
HongKong, China, June 7th, 2024, Chainwire BEVM has announced a new incentive program, the BEVM Visionary Builders (BVB), following its recent partnership with Binance wallet for an airdrop event. Introduction to BEVM Visionary Builders Launched by BEVM, the “Visionary Builders” ecosystem incentive program aims to promote the development of 17 tracks, including DEXs, lending, stablecoins,…
