19-08-2024

Author

Fernando Fierro
August 19, 2024

Howdy folks,

šŸ’”šŸ¢ Coloradoā€™s Blake Bush is revolutionizing his church by leveraging blockchain tech to raise $2.5 million to buy the historic Old Stone Church. Teaming up with REtokens, Bush is offering Stone tokens to accredited investors, allowing community members to become co-owners of the ministry.

This innovative move marks a significant step in combining faith and technology, raising intriguing questions about the future of funding religious institutions.

In other news:

šŸšØšŸ‘¤ Indian authorities have cracked down on a multimillion-dollar crypto extortion case, detaining Shailesh Babulal Bhatt in connection with kidnapping and extorting thousands of Bitcoins. Bhattā€™s arrest follows an investigation into his efforts to recover losses from the Bitconnect Coin scam by kidnapping Satish Kumbhaniā€™s employees and acquiring $144 million in illicit assets.

The ED has seized assets worth $53 million, and Bhatt is currently in ED custody pending further legal action.

šŸ“ˆšŸ’” Nigeriaā€™s FIRS is pushing forward with a plan to regulate cryptocurrencies as part of a broader tax system overhaul to enhance economic growth without harming development. FIRS chairman Zacch Adedeji emphasized the need for legislation to tap into the digital assets' full potential while mitigating risks.

Acting on President Tinubu's mandate, the SEC is also amending existing rules to align with current crypto market realities.

šŸ’°šŸ”„ Donald Trump has ventured into the crypto world, holding between $1 million and $5 million in an Ethereum-dominant wallet while earning $7.15 million from his NFT projects. Despite this, his election odds have dropped to 44%, with Kamala Harris leading at 54%.

Will Trumpā€™s crypto pivot impact his campaign, or is it merely a fleeting endorsement?

DailyCoin Daily Meme

Ripple Exec Doubts SEC Will Let XRP Ruling Go Uncontested

Rippleā€™s CLO, Stuart Alderoty, questions the SECā€™s motives and hints at a possible appeal despite Rippleā€™s win. Stay updated with DailyCoin.

Kamala Harrisā€™ Crypto Reset Meeting: Hereā€™s What We Learned

Crypto 4 Harris is a grassroots movement that came together a few weeks ago, consisting of tech-savvy individuals that want crypto to stay in the U.S.

Cardano Lite Wallet Lace Unveils Chang-Ready Features

Cardano's Lace wallet unveils Chang-ready features, paving the way for decentralized governance as the network awaits hard fork activation.

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