Friday, September 6, 2024

Ethereum & L2's

MakerDAO Rebrands as Sky Ahead of USDS Stablecoin Launch

MakerDAO, the pioneering decentralised finance (DeFi) platform, is undergoing a rebranding to Sky, introducing a new stablecoin, USDS, and a governance token, SKY.

Regulation

Qatar Crypto Regulation: Unveiling an Ambitious Digital Assets Framework

Qatar unveils its 2024 Digital Assets Framework, a key component of its Qatar Crypto Regulation initiative. This regulatory blueprint by the Qatar Financial Centre (QFC) aims to establish a transparent, secure ecosystem for digital assets, reinforcing Qatar's position as a global leader in cryptocurrency and financial innovation.

Web3 Security

Bitcoin

Bitcoin Surges and Tech Stocks Poised for Impact

Bitcoin has surged to over $64,000 this week, driven by Federal Reserve signals on potential interest rate cuts. As the tech sector braces for Nvidia's crucial earnings report, which is expected to bolster tech stocks, Bitcoin’s performance may be closely linked to these developments. With the possibility of a rate cut and shifting economic factors, the coming weeks could be pivotal for both Bitcoin and the broader market.

Bitcoin Breaks Through $69k to Set New All-Time High, Followed by Sharp Pullback

Bitcoin momentarily climbed past its previous record high to reach over $69,000 at around 3 PM UTC on Tuesday, surpassing the previous peak of $68,990.90 recorded in November 2021.

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The MAGA coin has witnessed a staggering 500% surge in its value over the past month, boasting a market cap exceeding $400 million. This astonishing growth has not only captured the attention of investors and political enthusiasts alike but has also sparked a broader conversation about the role of meme coins in the digital economy.

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