Author: Lora

Grant Cardone has entered the realm of crypto real estate innovation by utilizing Propy’s decentralized title registry and escrow settlement protocol for listing his $42 million property. Propy, a blockchain-based platform facilitating real estate transactions, offers a secure and transparent environment. Cardone’s decision to list his mansion on Propy reflects the increasing adoption of blockchain technology in the real estate sector. “We believe in blockchain revolutionizing real estate. By leveraging cutting-edge technology, we aim to make transactions seamless and unstoppable. This is the future of real estate, and we’re at the forefront,” Cardone stated. Propy Propy has advanced its transaction…

Polkadot’s treasury holds just under $245 million in assets, providing around two years of operational runway at its current spending rate, according to a report from the blockchain. “Polkadot’s Treasury is becoming more complex and harder to grasp,” head ambassador Tommi Enenkel wrote in a June 28 treasury report for the first half of 2024. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.” Enenkel further explained that, given the current spending rate, the treasury has about two years of runway left. However, he cautioned that the volatile nature of…

Obinna Uzoije, a data and policy analyst from Nigeria, has commended the European Union’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules as a positive step. In an interview with Cointelegraph, Uzoije emphasized the importance of jurisdictions prioritizing their interests in crypto projects to safeguard local currencies. Uzoije shared insights on how the Economic Community of West African States (ECOWAS) could benefit from adopting regulations similar to Europe’s MiCA. He highlighted the potential advantages such a regulatory framework could offer ECOWAS member states in managing cryptocurrency activities. The stablecoin regulations under MiCA Uzoije noted that stablecoins represent the predominant use case…

The inaugural 2024 US Presidential election debate ended without any discussion on cryptocurrencies or Bitcoin, surprising the market given strong support from crypto political action committees (PACs). Coinbase expresses disappointment following the US Presidential debate. Held in Atlanta, Georgia, the debate featured current President Joe Biden and former President Donald Trump, moderated by CNN anchors Jake Tapper and Dana Bash. Lasting 90 minutes, the discussion covered topics ranging from the economy to foreign policy but notably omitted technology policy, including the crypto sector. The crypto community, anticipating acknowledgment, particularly from Trump known for his crypto-friendly stance, expressed disappointment. Following the…

Following its delisting from the Australian Securities Exchange (ASX) in 2020, Animoca Brands is now exploring listing options in either Hong Kong or the Middle East, regions known for their cryptocurrency-friendly regulations. Yat Siu, co-founder and executive chairman of Animoca Brands, revealed in an exclusive interview with BeInCrypto that the public offering could take place as early as 2025. The move aims to attract greater institutional interest and support the broader adoption of Web3. “Publicly listed companies can scale more effectively, and we believe that listing Animoca Brands in a suitable market will catalyze growth and expansion across the entire…

Bitcoin (BTC) faced selling pressure after the U.S. government transferred $240 million worth of cryptocurrency to a Coinbase Prime Address. According to Arkham Intelligence, the 3,940 BTC sent to Coinbase originated from Silk Road vendor and narcotics dealer Banmeet Singh, forfeited during a January trial. Silk Road, a dark web marketplace founded by Ross Ulbricht in 2011, was shut down by the Federal Bureau of Investigation (FBI) in 2013 following Ulbricht’s arrest. In 2022, U.S. law enforcement confiscated approximately 50,000 BTC, and Silk Road BTC has been seized multiple times since. On April 2, a wallet associated with U.S. authorities…

FTX has gained court approval to allow creditors to choose between receiving their recovered funds in cash under the current liquidation plan or in crypto at its current market value. Judge John Dorsey from the United States Bankruptcy Court for the District of Delaware sanctioned FTX’s voting plan on June 25. Many creditors have expressed dissatisfaction with FTX’s recent liquidation proposal, initially offered in May. This plan guarantees a 118% return for 98% of creditors with claims under $50,000, calculated based on asset values at FTX’s November 2022 bankruptcy filing. Some creditors are advocating for receiving payments in crypto, citing…

Florida Representative Matt Gaetz is proposing an amendment to the Internal Revenue Code of 1986 to allow federal income taxes to be paid in Bitcoin. The bill calls for the Treasury to enable taxpayers to pay any imposed tax using BTC. Gaetz argues that this move would promote innovation, increase efficiency, and provide more flexibility for American citizens. An excerpt from the proposed bill reads, “[Treasury to] develop and implement a method to allow for the payment with Bitcoin of any tax imposed on an individual.” South Carolina Representative Nancy Mace supports the bill, aligning it with her own proposal…

During the now-deleted livestream, which attracted over 30,000 viewers, viewers were directed to deposit Bitcoin, Ethereum, and Dogecoin at a fictitious website. Spanning five hours over the weekend, the stream featured semi-pixelated videos of Elon Musk, including segments where he appeared to host a live stream during a Tesla event. An AI-generated voice resembling Elon Musk encouraged viewers to visit a specified website and deposit their cryptocurrencies under the guise of a giveaway. The stream repeatedly urged donations in Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), promising to ‘automatically return double the amount of cryptocurrency deposited.’ The “@elon.teslastream” account impersonated…

CoinShares International, a European investment firm focusing on digital assets, has reported the successful sale of its FTX claim. The transaction, pending customary closing conditions, is expected to deliver a recovery rate of 116% after deducting broker fees, as stated in an official press release. This equates to a return of £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim. The successful sale of its FTX claim positions CoinShares to offer improved returns to shareholders and enhance services for clients. CEO Jean-Marie Mognetti highlighted the significance of this outcome, underscoring the diligence and expertise of the team in…