Crypto

California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This initiative, in collaboration with software development firm Oxhead Alpha, aims to streamline the state’s title transfer process. By allowing users to claim their digital titles through a new application, the
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Nader Al-Naji, the co-founder of the social media platform BitClout, has been charged by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for his involvement in a fraudulent crypto asset scheme. According to the SEC’s complaint, Al-Naji raised over $257 million through unregistered offers and sales of BitClout’s native token,
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Toronto-based Bitcoin mining company Bitfarms has been making significant strides in increasing its operational hash rate. By the end of July, the company’s hash rate had reached an impressive 11.1 EH/s, representing a remarkable 109% year-over-year increase. This growth is even more striking when considering the 7% rise in hash rate on a month-over-month basis.
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Futu Securities International, the largest online broker in Hong Kong, has recently ventured into retail cryptocurrency trading in the city-state. This move aims to attract investors by offering shares of popular companies like Alibaba Group Holding and Nvidia. This development allows residents of Hong Kong to easily trade bitcoin and ether using either Hong Kong
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Recently, the price of XRP has experienced a significant drop from $0.66 to around $0.56. This decline has raised concerns within the cryptocurrency community, with many speculating about the potential for further downtrend. The bearish pattern observed on the XRP/BTC pair has added to the pessimism, indicating a possible continuation of the negative trend. Veteran
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