🟠 CRYPTO DISPLAY NEWS

Stellar (XLM) has been closely mirroring the price gains of its counterpart, XRP, ever since the U.S. Securities and Exchange Commission (SEC) partially won its legal battle against Ripple on July 13. Following the court ruling, XLM experienced a remarkable surge, rising by over 60%. However, recent market indicators suggest that caution may be warranted, as the token faces the risk of a potential 30% price decline by September.

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🟠 CRYPTO DISPLAY NEWS

Russia is taking significant strides towards establishing its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, as indicated by an official government document. The legislation is set to come into effect on August 1, 2023, with all but one rule ready for implementation.


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🟠 CRYPTO DISPLAY NEWS

The NFT-optimized Palm Network is set to undergo a transformative journey as it transitions into a Polygon ZK Supernet. Palm Network, which is currently operating as an Ethereum sidechain, will progress in two stages. On August 23, it will implement a proof-of-stake (PoS) consensus mechanism, followed by a full-fledged transition to a ZK-based layer 2 network using Polygon’s zero-knowledge protocol by 2024.

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🟠 CRYPTO DISPLAY NEWS

Former Federal Reserve policy analyst Brendan Malone, on behalf of Paradigm, released a policy paper stating that stablecoins present a lower risk compared to bank deposits. The paper highlights that stablecoins should not be equated with traditional bank deposits or money market funds. Instead, they offer distinct advantages in terms of risk exposure.

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🟠 CRYPTO DISPLAY NEWS

Animoca Brands, a prominent player in the blockchain gaming and Web3 space, has entered a strategic partnership with Hi, a Web3 neobanking app that offers cryptocurrency exchange services, digital banking, and unique NFT-styled debit cards. As part of this collaboration, Animoca Brands’ co-founder and executive chairman, Yat Siu, is investing $30 million in Hi’s Neobank platform.

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🟠 CRYPTO DISPLAY NEWS

Japanese blockchain developer HashPort has successfully raised 1.2 billion Japanese yen (approximately $8.5 million) in a Series C funding round. The funding was led by prominent investors, including Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Japanese billionaire entrepreneur Yusaku Maezawa. With this latest investment, HashPort’s total funding now stands at 2 billion yen (around $14.2 million).

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In an open letter, tech giants GitHub and Hugging Face, along with other prominent firms like Creative Commons, are urging the European Union to reconsider its approach to upcoming regulations governing open-source artificial intelligence (AI) models.

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©️ Introducing DIA (DIA)

DIA is a decentralized cross-chain oracle platform that offers its users a variety of transparent oracle products and solutions. DIA enables the developer community to build their own data feeds for Dapps, monitor various systems in real-time, and participate in community governance. Additional Information

👨‍💼 Category: METAVERSE, ORACLE, DEFI

✔️ Audit: Chainsulting

📊 Exchanges: Binance, CoinBase, Kucoin, Gate.io, etc.

📍 Listed On: CoinMarketCap, CoinGecko

💸 Ticker: DIA, Network: ERC20 Additional Token Information

🌐 Website I Whitepaper I Telegram Group I Twitter I Github I Discord I Reddit I Medium I Other Links

Disclaimer: Prior to getting involved in any cryptocurrency investment, campaign, etc., all participants are strongly recommended to conduct their own research and due diligence. Crypto Display disclaims all liability.

🟠 CRYPTO DISPLAY NEWS

Binance CEO Changpeng “CZ” Zhao recently issued a warning to the crypto community regarding an emerging and deceptive scam that has been increasingly preying on unsuspecting users during transactions. The scheme involves creating fake wallet addresses that closely mimic the original addresses of users, tricking them into unknowingly sending funds to scammers.

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Nomura’s crypto subsidiary, Laser Digital, has achieved a significant milestone by securing an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). This move highlights Nomura’s ambitions to make its mark in the digital asset arena.

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🟠 CRYPTO DISPLAY NEWS

CoinShares, an European digital asset manager, saw a large gain in revenue during the second quarter of 2023, with a 33% increase over the same period the previous year. The surge in revenue was primarily driven by the success of their proprietary trading activities. As a prominent manager of Bitcoin, Ethereum, and various altcoin crypto exchange-traded products (ETPs) in Europe, CoinShares reported a total revenue of 20.3 million pounds ($25.9 million) in Q2 2023.

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🟠 CRYPTO DISPLAY NEWS

The much-anticipated Litecoin halving event has recently concluded, causing block rewards to be reduced to 6.25 LTC per block. Occurring at block 2,520,000 on the Litecoin blockchain, the halving has reset the clock for the next occurrence, expected in approximately four years. Litecoin miners are now receiving half the rewards they were before the event, which is an automated process designed to control the supply of LTC over time.

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🟠 CRYPTO DISPLAY NEWS

The Sandbox, a popular metaverse platform, has announced the implementation of Know Your Customer (KYC) verification for its staking processes in a statement made on August 3. This move comes as part of the platform’s efforts to enhance user security and ensure compliance with regulatory requirements.


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🟠 CRYPTO DISPLAY NEWS

Coinbase’s Base network, a platform designed to expand the capabilities of Ethereum’s layer 1, has taken a significant step towards onboarding general users with the introduction of a user interface (UI) for its official bridge. The announcement made on August 3 revealed that end users can now access the network without having to rely on complex developer tools. The team behind Base has also set August 9 as the platform’s official launch date.

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🟠 CRYPTO DISPLAY NEWS

A recent report from crypto exchange Bitget has shed light on the preferences of different generations when it comes to investment strategies, particularly in the realm of copy trading or social trading. The study unveiled a striking trend, showing that nearly half of all copy traders on the platform are from Generation Z.

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