Author: Deepshova

Deepshove is a crypto journalist at Bitmala, covering blockchain and cryptocurrency news with a focus on web3 trends and developments.

Bittensor $TAO Reaches New High; Market Analysts Predict Continued Uptrend

3rd September 2024,Wyoming

Bittensor (TAO) is all up with a new high of $516, with a 13% jump and surpassing the $500 mark. Over the past month, $TAO’s value has surged pushing its market cap to over $3 billion. The rise is loved with growing excitement around Biitensor’s decentralized AI technology.

Analysts are optimistic about BIttensor’s future. They are predicting that its value could keep rising with the use of AI technology. Market analysts also caution people that future trend depends on continued integration and the market conditions.

 While it has a noticeable uptrend, they are also suggesting that further price changes are shaped by how well the project meets the expectation in evolving AI and crypto sectors.

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Qatar Launches 2024 Digital Assets Framework

3rd September 2024, Wyoming

Qatar just dropped its 2024 Digital Assets Framework, aiming to build a secure and transparent crypto ecosystem. The Qatar Financial Centre (QFC) wants this move to attract both local and global players, setting the stage for a booming financial services sector.

Governor Sheikh Bandar Al Thani called it a big step toward their Third Financial Sector Strategic Plan. Yousuf Mohamed Al-Jaida, QFC’s CEO, hopes this clear, new framework will bring in more fintech and startups. Already, 20+ companies have joined since launching their Digital Assets Lab last year.

Now, companies can apply for licenses to provide token services. Qatar is ready to make waves in the digital finance world!

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BlockDAG x Inter Milan: Crypto’s Bold New Power Move

BlockDAG just teamed up with Inter Milan, one of the biggest football clubs in Europe. This collab is set to put BlockDAG into tier 1 crypto status, giving it a huge boost in visibility and solidifying its spot among the big names in crypto world.

With over 12.7 billion $BDAG coins sold and $69.3 million raised, BlockDAG is already on fire. Now, with this partnership with such a legendary football club, its going to raise a new high. The fans of both crypto and football can be seen merging together.

This move is certain to bring BlockDAG with a lot of opportunities and spotlight. It will easily be able to expand its community. It might open doors for new collaborations in future.

Wake Me Up When September Ends: Dogecoin Creator Reacts to Bitcoin Crash

Co-founder of Dogecoin, Billy Markus recently tweeted, ‘Wake me up when September ends’ after Bitcoin touched below $59k. It trended towards around $57k. This tweet gives a perfect feel of what investors are feeling at the moment. They are drained of the volatility in the market and wishing and praying for a better course.

September has not seemed to favor the Bitcoin because it has an average loss of about 6% through history. However, some analyst believe that this may not be as worse as people imagine it to be this time around. Nevertheless, they are convinced that the Bitcoin price may recover and will not decline as is common with most markets in the month of September.

Of course, investors are clearly stressed with this latest trend but many are still holding out for Bitcoin to prove us wrong this month. Who knows? Perhaps, September will not be that bad as it has been for the previous years.

Russia Tries Using Crypto to Dodge Sanctions, Experts Doubt It

Russia is all set to test crypto for cross-border payments next week, in the hopes of avoiding international sanctions. But experts have a doubt that it will work. Blockchain’s traceability and risk of tough sanction could make it tough.

Russia’s new law is all set to allow crypto for international payments, but regular payments in the country are still on the ban. Only information that we are made aware with is that Russian central bank is in charge of this experiment. The other details are super private. And not much is known about how it is going to develop further.

Russia is aiming to get crypto to help them to get their billions of euros out that are currently frozen by countries like U.S.A, U.K., AND EU. Russia have been criticized with 16,500 sanctions since the invasion of Ukraine in 2022. So, they are hoping that crypto will help them get around those barriers.

Do you think Russia’s plan will work in their favor or against them?

Japan’s Metaplanet Teams Up with Ripple’s SBI for Bitcoin Boost

Metaplanet, aka Japan’s MicroStrategy, linked up with Ripple’s partner SBI VC Trade to supercharge Bitcoin trading, custody and management. This collab is giving metaplanet some huge advantage. It has access to SBI’s next level custody services and the option to use Bitcoin for financing.

This partnership could easily hype up Bitcoin in Japan more than ever. It shows hints of crazier collabs along the line. This link up could indicate big things ahead for both companies.

At the given time, BTC’c at $57,807 down by 0.60%. but the trading volume is up 77%. That’s a clear indication of it being talk of the town.

Shiba Inu Now Used as Collateral on Kraken for Futures Trades

Shiba Inu ($SHIB) is soaring up in crypto world. Kraken Pro recently announced that $SHIB can be used as collateral for future tradings. This place $SHIB with popular cryptocurrencies such as Bitcoin, Ethereum, and others.

SHIB’s lead developer, Shytoshi Kusama responded to the news with a simple angel emoji on Twitter. This very move could rocket SHIB’s presence in the crypto world.

Adding to that, the burn rate of $SHIB soared up by a massive 139,10% in just 24 hours, with over 96 million tokens burned. The burning of the tokens reduces the circulation of the number of coins, adding more value to $SHIB.

With all these happenings around $SHIB, known investors are also showing interest with large transactions over $100,000 rising by 64%. Increment in community involvement was seen by 14% in daily active SHIB addresses.

With SHIB being used as collateral and tokens being burned at record rates, we can see the level up of $SHIB in crypto world.

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US Judge Dismisses Dogecoin Lawsuit Against Elon Musk

Elon Musk just steered clear of a huge legal battle. A U.S. judge tossed away a $258 billion lawsuit accusing Musk and Tesla of influencing Dogecoin.

The lawsuit, filed by investors in June 2022, just cleared up in 2024. The lawsuit claimed Musk was manipulating his twitter following to pump up Dogecoin prices (it spiked over 36,000%) and then let it crash. This manipulation was named “Dogecoin Pyramid Scheme,” pointing to tweets where Musk joked about being Dogecoin’s CEO and even sending it Mars via SpaceX.

On august 29, Chief Judge Alvin Hellerstein stated that Musk’s tweets to be jokes and not financial advice. He cleared it out saying no reasonable investor would take them seriously.

Musk’s lawyers called the claims pure fantasy and the judged agreed and dismissed the case.

OKX to List Hamster Kombat’s $HMSTR Token

A huge news for gaming buddies and crypto enthusiasts!

$HMSTR token from the blockchain game Hamster Kombat is dropping on OKX Exchange on September 26, 2024. And yes it is hitting the spot market.

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What makes it more exciting is that some cool $HMSTR-related campaigns is also getting launched by OKX. To get in on the action, you can check out the countdown on OKX’s platform.

Another best thing is that before the public can buy $HMSTR during the ICO, eligible users can trade $HMSTR futures with double the leverage.

So, all the enthusiasts you can get tokens and make profits before they even hit the market.

If you are new to Hamster Kombat world, then let me tell you what Hamster Kombat is. Hamster Kombat is a fun game where you can run crypto exchanges owned by cute hamsters and use the $HMSTR token as in-game currency.

$HMSTR token listing on OKX could level up the game and token both in the crypto world.

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US SEC Threatens to Sue NFT Marketplace OpenSea

OpenSea, one of the growing NFT marketplaces, is in trouble with the US SEC.

On August 29, CEO of OpenSea Devin Finzer took to social media to share that the SEC sent them a Wells notice, indicating that they may get sued soon.

Reason? The SEC thinks some NFTs on the OpenSea platform could be considered securities. This highlighted the drama between the SEC and the crypto world over whether digital assets like NFTs should be treated as securities.

Fizner is not happy, but he says OpenSea is ready to stand up for creators and artists. Crypto companies debate that the current rules don’t abide by digital assets. They feel that SEC is being unrealistic and getting too involved. While, the SEC claims it’s just trying to protect investors

It is not sure if the SEC is officially investigating OpenSea , but the hit is real.

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