Pro-Trump MAGACOIN crypto launch marred by website data breach

The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach. According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the project’s website. The crypto is dubbed MAGACOIN after former President Trump’s “Make America Great Again” slogan. The project’s website claims that MAGACOIN was “created by America First Conservatives out of frustration with “Losing the Election” (the site has it in quotes) and “a desire to fight back by…

iM Intelligent Mining Raises $2.5M to Launch First Facility in Arkansas

Share this article iM Intelligent Mining is headed to Arkansas. iM Intelligent Closes Funding Round iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, has announced the conclusion of a $2.5 million financing round. iM didn’t name entities involved in the growth funding round, but the list of investors included several prominent individuals and crypto funds. Looking to seize on the moment, iM revealed plans to launch its first mining facility in Arkansas. The company has already completed its newest prototype for the…

Arsenal FC to launch AFC Fan Token on Socios

English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability to influence club decisions and access team-related content.  The partnership makes Socios the main digital meeting place for Arsenal’s fanbase, according to a Monday announcement from Chiliz, the exclusive cryptocurrency of the Socios platform. By holding AFC Fan Tokens, Arsenal fans will have “countless engagement opportunities” with the club, Chiliz said, including “the chance to influence the club in a series of interactive polls across a variety of decisions…

Dolce and Gabbana to launch of an exclusive NFT collection

Fashion and Luxury brand Dolce and Gabbana has announced the launch of an exclusive NFT collection in collaboration with UNXD — a digital marketplace powered by the Polygon Network which hopes to become an exclusive marketplace for digital luxury and culture. The fashion brand’s debut NFT collection will be named Collezione Genesi, or Genesis Collection. Dolce and Gabbana will feature the collection at it’s upcoming shows for Alta Moda, Alta Sartoria, and Alta Goilleria in Venice at the end of August. The collection focuses on the deep-rooted artistic traditions of…

Phantom raises $9M to launch multi-chain crypto wallet

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help decentralized finance (DeFi) users access decentralized applications (DApps) across multiple blockchains.  The raise comes on the heels of a successful beta launch in April of this year that saw 40,000 new Phantom users. The company also secured $500,000 in grants from Serum and Solana during the beta phase.  Brandon Millman, Phantom’s co-founder and CEO, said his platform enables users to easily access decentralized exchanges (DEXs) and nonfungible token (NFT) platforms,…

UAE to experiment and launch an in-house digital currency

The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE, or CBUAE, intends to stand among the top 10 central banks across the world. CBUAE’s strategy involves seven objectives to help drive the country’s digital transformation ambitions, primarily focused on financial services. Gulf News reported that this transformation will be heavily dictated by the latest iterations of artificial intelligence and big…

Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday. A flurry of technical and fundamental factors contributed to the sudden market demand for Synthetix tokens, including founder Kain Warwick’s update on the project’s much-awaited layer 2 solutions. A new synthetic exchange underway Layer 2 refers to the techniques for scaling blockchains by taking computation and…

Synthetix Jumps 25% on Ethereum Layer 2 Launch News

Key Takeaways Sythetix Network’s native token has surged 150% since hitting a bottom last month. The most recent surge of 25% came over the weekend after the team confirmed it would launch on Optimism this month. SNX is aiming for over 100% gains, pending a bullish consolidation around current resistance levels at $12. Share this article Synthetix Network’s native token SNX jumped 25% following an announcement that it would launch on Ethereum Layer 2 solution Optimism in the last week of July.  Synthetix Rises on Optimism Announcement Kain Warwick, the…

How to launch an STO? Report predicts market to reach $3B valuation by 2025

Security tokens may be poised for exponential growth as security tokenization industry players reveal optimistic forecasts based on surging demand. With that, the market size by 2025 could reach the $3 billion mark, according to the area2invest report, a security token marketplace. The study by the Liechtenstein-based security token marketplace also suggests a market compound annual growth rate (CAGR) of 56.9%.  As Bernhard Thalhammer, head of issuer relations at area2invest, told Cointelegraph: “Every day, we receive several requests, not only from blockchain or crypto companies but also from more traditional…