31 jul 2024
California DMV Puts 42M Car Titles on the Avalanche Network in Digitization Push
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles on the Avalanche blockchain, aiming to streamline the title transfer process for California’s residents. The service, developed by Oxhead Alpha, will allow users to transfer vehicle titles in minutes without needing to visit an office. Read more
Anthony Pompliano: Bitcoin Will Be on U.S. Balance Sheet in ‘Next 10, 15 Years’ and Investing in Solana for Less Than a Dollar
Anthony Pompliano predicts that Bitcoin will be on the U.S. balance sheet within the next 10 to 15 years and discusses his early investments in Solana when it was valued at less than a dollar. Read more
DraftKings Dumps NFT Business, Citing Legal Developments
DraftKings has decided to exit the NFT business due to legal challenges, including a class action lawsuit that alleges its NFTs are securities. Read more
Move Language Developer Movement Labs Joins AggLayer
Movement Labs, developers of the Move programming language, have joined Polygon’s AggLayer to enhance blockchain interoperability and security. Read more
Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources
Circle, the issuer of the stablecoin USDC, is reportedly valued at around $5 billion as it plans its initial public offering (IPO), significantly lower than its previous $9 billion valuation. Read more
Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto
Blackbird, a Web3 startup, is enabling diners to pay for meals using its cryptocurrency $FLY, which also functions as loyalty points in its restaurant rewards system. Read more
Polychain, Lightspeed Lead $7M Fundraise for Math Olympian’s Blockchain-Based AI Platform
Polychain and Lightspeed have led a $7 million funding round for a blockchain-based AI platform developed by a Math Olympian, aiming to make AI more affordable for startups and researchers. Read more
Router Launches Mainnet, as More Projects ‘Abstract’ Away Blockchains
Router Chain has launched its mainnet, simplifying cross-chain interactions and making decentralized app (dapp) development easier. Read more
Bank of England to Carry Out CBDC, Digital Ledger Experiments
The Bank of England plans to conduct experiments with a central bank digital currency (CBDC) and distributed ledger technology to modernize its settlement system and ensure stablecoins are interchangeable with the pound. Read more
Dogecoin Pup Owner’s New Shiba Inu Ends Up in NEIRO Memecoin Drama
The owner of the dog that inspired Dogecoin has acquired a new Shiba Inu, leading to drama in the NEIRO memecoin community despite her distancing from these tokens. Read more
Ether ETFs Saw $340M of Negative Outflows in Their First Week
Ether ETFs experienced $340 million in negative outflows during their first week, largely due to exits from Grayscale’s high-fee Ethereum Trust. Read more
Why is ETH demand lacking post-Ethereum ETF?
Despite the launch of Ethereum ETFs, ETH demand has been lacking, with prices failing to break the $3,400 resistance level due to significant outflows from Grayscale. Read more
3 Ethereum price metrics point to further downside in ETH
Ethereum’s price continues to underperform compared to Bitcoin, with indicators pointing to further downside. Read more
Digital euro to be ‘most private electronic payment option’
The European Central Bank is working on a digital euro, which it claims will be the most private electronic payment option available. Read more
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