November, 2024

November, 2024

Detroit will become the largest US city to accept crypto to pay taxes and fees
Beginning in mid-2025, Detroit residents can pay taxes and other city fees using crypto through a platform managed by PayPal....

The Daily: BlackRock’s IBIT sees record $4 billion trading volume following US elections, CZ received offers for Binance stake and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Just four entities account for nearly all the votes to keep MakerDAO’s rebranding to Sky
Sky's USDS is now the third-largest stablecoin, replacing the original DAI which held that position for years on the charts....

Coinbase’s stock surge following Trump election win leads to a massive day for a leveraged ETF counterpart
GraniteShares leverage play on Coinbase closed the session up 62%, possibly setting a record one-day return for an ETF....

Crypto firm WonderFi’s CEO kidnapped then released after paying $1 million ransom: report
Dean Skurka was abducted after being forced in a vehicle in downtown Toronto on Wednesday, the report said....

US Federal Reserve cuts interest rates by 25 basis points
Bitcoin's price spiked higher immediately after the U.S. Federal Reserve cut interest rates by 25 basis points on Thursday....

Caroline Ellison begins serving two-year prison sentence in Connecticut for her role in the collapse of FTX
Ellison was the co-CEO of Alameda Research and also the ex-girlfriend of former FTX CEO Sam Bankman-Fried....

Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May
Jito Labs recorded $78.92 million in monthly fees for October, doubling its previous record of $39.45 million set in May....

Crypto-AI startup Pond raises $7.5 million in seed funding
Pond, developing a decentralized AI model layer for the crypto space, has raised $7.5 million in seed funding....

Supercharging AI Coding Assistants with Gemini Models' Long Context
Sourcegraph's Cody AI assistant, integrated with Google's Gemini 1.5 Flash, can evaluate the advantages of using long-context windows in AI models for code generation and understanding....

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