SOON, the Ethereum Layer 2 utilizing the Solana Virtual Machine, has successfully raised $22 million through an NFT sale in preparation for its mainnet launch. This project, which aims to enhance scalability across blockchains, has garnered support from notable figures in the Solana ecosystem and plans to allocate 51% of its SOON tokens to the community. Users from several countries, including the U.S. and China, are restricted from participating in the sale.
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News from CUB
Generated 0 posts last week Cuban Government Linked to Solana Meme Coin Incidents Speculation
Speculation has arisen regarding the Cuban government’s potential involvement in recent incidents related to the Solana meme coin. This development has sparked discussions within the cryptocurrency community about the implications of state influence on digital assets.
read moreSeven Exceptional Cigars to Celebrate New Year’s Eve in Style
As New Year’s Eve approaches, cigar enthusiasts can elevate their celebrations with seven exceptional selections. From the prestigious Cohiba Esplendidos Gran Reserva to the exclusive Davidoff Oro Blanco Special Reserve, each cigar offers a unique experience, blending rich flavors and craftsmanship. Other notable choices include the Partagás Línea Maestra Rito, Arturo Fuente Opus X Double Corona, and the Plasencia Alma del Fuego Ometepe, catering to diverse palates and preferences for a memorable night.
read moredTRINITY Launches Innovative Subsidized Lending Protocol on Fraxtal Layer-Two
dTRINITY has launched its subsidized lending protocol on the Fraxtal layer-two network, aiming to reduce borrowing costs and enhance yields for stablecoin users. The protocol utilizes dUSD, a stablecoin backed by an on-chain reserve, to provide interest rebates for borrowers, potentially leading to negative interest rates. With strategic partnerships and plans for expansion to Ethereum and other blockchains, dTRINITY seeks to optimize liquidity and user incentives in the DeFi space.
read moreStand with Crypto PAC Endorses John Deaton Against Elizabeth Warren in Senate Race
John Deaton has received the endorsement of the Stand with Crypto PAC in his challenge against Senator Elizabeth Warren, highlighting a significant divide in crypto policy approaches. While Deaton advocates for the crypto industry and criticizes regulatory overreach, Warren emphasizes national security concerns and proposes stricter regulations. The Massachusetts Senate race is emerging as a key battleground for differing views on digital asset regulation.
read moreTrump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session
Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.
read moreVenezuela’s Political Turmoil and the Role of Bitcoin in Economic Recovery
Venezuela’s political and economic instability, exacerbated by allegations of election fraud, raises questions about the control of national reserve assets. Advocates suggest that adopting Bitcoin could enhance transparency and trust in public fund management, but significant political stability is essential for effective implementation. While Bitcoin may offer some relief against inflation, it cannot resolve the underlying issues of fiscal mismanagement and unchecked money printing.
read moreSamourai Wallet Founder Denied Bail Remains Under House Arrest
Keonne Rodriguez, founder of Samourai Wallet, remains under house arrest after a judge deemed his handwritten “bug out prep” notes indicative of an escape plan. Charged with operating an unlicensed money transmitter, Rodriguez and co-founder William Lonergan Hill face allegations of facilitating over $100 million in money laundering through their cryptocurrency mixer. Their defense argues that the notes were merely part of an emergency plan, while U.S. Senators have criticized the DOJ’s interpretation of non-custodial crypto services as unlicensed.
read moreBRICS Advances Blockchain Payment System Amid De-Dollarization Efforts
The BRICS bloc is advancing a blockchain-based international payment system aimed at de-dollarization, focusing on currencies like the Ruble and Yuan. Despite misinformation about 159 nations joining, the initiative is still in development, with Russia’s SPFS integrating over 160 foreign participants. Speculation surrounds the potential role of cryptocurrencies, as Russia legalizes crypto mining and India works on a regulatory framework for digital assets.
read moreBRICS Payment System Gains 159 Participants Amid De-Dollarization Efforts
A Russian official clarified that the BRICS payment system has gained 159 participants from 20 countries, not 159 countries as previously reported. This development marks a significant step in the bloc’s de-dollarization efforts, with an alternative financial system set to launch soon. The initiative includes a financial messaging system akin to SWIFT and potential integration of cryptocurrencies to facilitate international payments.
read moreThe Rising Trend of Vintage Cigars as Investment Collectibles
A recent event in Zurich showcased the growing intersection between vintage watches and cigars as collectible investments. Dörte Herold from Beyer presented 31 classic watches, while guests enjoyed rare cigars, highlighting the craftsmanship and potential value in both categories. The evening revealed a significant overlap in enthusiasts, particularly from the financial sector, as cigars gain recognition as investment goods, especially Cuban varieties.
read moreDominican Republic Sees Growth in Cryptocurrency Acceptance Among Businesses
The Dominican Republic now boasts 41 businesses accepting cryptocurrencies, primarily in Santo Domingo and popular tourist spots like Punta Cana. This growth, supported by Bitcoin Dominicana, positions the country ahead of others in the Caribbean, fostering a circular economy and enhancing economic stability through digital currency adoption.
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