Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its […]
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PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution – Branded Spotlight Bitcoin News
Family fears for detained Binance exec's declining health in Nigeria
The family of Tigran Gambaryan, the Binance executive detained in Nigeria, reported that he is being denied proper access to his legal team, and his health is rapidly declining, according to an Aug. 12 statement shared with CryptoSlate.
Gambaryan, who traveled to Abuja for a meeting with Nigerian officials in February, has been in custody since Feb. 26, when the authorities confiscated his American passport. Since then, he has not seen his family—his wife and two young children.
The situation worsened when the Abuja court began its summer recess on July 16, with the next hearing set for Oct. 11. The family stated that Tigran’s legal team had been denied access to him since July 26 in violation of the Nigerian constitution.
Worsening health
The family stated that Gambaryan’s health situation was deteriorating at the Kuje prison.
CryptoSlate previously reported that Gambaryan’s health was declining after he made his last court appearance in a wheelchair. At the time, the Judge issued a bench warrant for the arrest of Abuja prison doctor Abraham Ehizojie for failing to produce the medical report and directed that Gambaryan be admitted to a hospital for proper treatment.
However, the family statement revealed that this order has yet to be implemented as the prison authorities continue to withhold his medical records.
According to the family, Gambaryan is suffering from a herniated disc that requires complex and risky surgery. He has also experienced multiple throat infections, pneumonia, and malaria while in custody, leading to the need for additional surgery to remove his tonsils.
The family continued that he is currently on blood thinners to prevent clots.
Yuki Gambaryan, Tigran’s wife, appealed to the Nigerian government to release him to receive the urgent medical care he needed. She warned that his worsening condition could result in permanent damage and impair his ability to walk.
She also highlighted the emotional impact Gambaryan’s detention has on the family. She said:
“Life is becoming harder and harder every day for all of us because of Tigran’s absence.”
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Bybit and DMCC extend partnership to bolster Dubai's crypto ecosystem – CoinJournal
- Bybit extended its DMCC partnership, transitioning to an advisory role from August 2024.
- Bybit and DMCC to co-organize a global hackathon and a flagship conference.
- Over 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem last year.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with the Dubai Multi Commodities Centre (DMCC). The collaboration has already seen significant achievements over the past year and its extension marks a new phase as Bybit transitions from a key ecosystem partner to an advisory role.
We are excited to announce the renewal of @dmcccrypto‘s partnership with @Bybit_Official, a key ecosystem partner accelerating the development and mass adoption of the #crypto and #Web3 industries. This partnership will see major events and educational initiatives bringing… pic.twitter.com/AjCJ6DTWY7
— DMCC (@DMCCAuthority) July 31, 2024
The extended partnership will run from August 2024 to July 2025 and aims to further strengthen Dubai’s position as a global hub for cryptocurrency and Web3 innovation.
Bybit will be DMCC’s ecosystem and advisory partner
In its new capacity as a DMCC Ecosystem and Advisory Partner, Bybit will provide strategic guidance to the DMCC Crypto Center and its members.
Acknowledging the new advisory role, Chief Operating Officer at Bybit, Helen Liu, said that the company is honoured to be the first organization appointed to this advisory role by DMCC and that they are excited to leverage their expertise to drive innovation and support the growth of the industry in Dubai.
This shift underscores Bybit’s commitment to fostering the growth and development of the region’s crypto industry.
By leveraging its deep industry expertise, Bybit aims to shape the future of Dubai’s burgeoning Web3 sector.
To enhance Dubai’s standing as a leading global crypto hub, Bybit and DMCC have planned two major industry events this year.
A global hackathon will be organized to nurture innovation by supporting developers in building Web3 projects. Additionally, a flagship conference will bring together industry experts and key opinion leaders, positioning Dubai as a centre for thought leadership in the crypto space.
Over the past year, Bybit has played a crucial role in Dubai’s crypto ecosystem, actively supporting and advising over 20 startups.
Their initiatives included a $100,000 prize pool hackathon, a masterclass for aspiring entrepreneurs, and a high-profile side event at Token 2049. These efforts have helped numerous startups establish a foothold in Dubai’s dynamic crypto landscape.
Just-In: El Salvador Announces $1.6B Investment in Bitcoin City
El Salvador has announced a $1.6 billion investment in its Bitcoin City garnering new momentum across crypto spaces. Turkish company, Yilport Holdings will invest $1.6 billion in two ports at Acajutla and La Union, the home of the proposed Bitcoin City. Dubbed a Bitcoin city infrastructure investment by crypto enthusiasts, the port development will drive investment to the metropolis.
El Salvador Discloses $1.6 Billion Investment
Turkish firm Yilport Holdings will invest over $1.6 billion in El Salvador for the improvement of two ports in locations that include the proposed Bitcoin City. According to the country’s announcement on X (formerly Twitter), it is the largest private investment rolled out in the country.
President Nayib Bukele shared a video on X explaining the move to citizens. “The company Yilport Holding Inc. will allocate more than $1.615 billion to the Pacific Port Union. Here we will modernize the port of Acajutla and activate, finally, the port of La Unión.”
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David Pokima
David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity – Markets and Prices Bitcoin News
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a […]
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Kamala Harris Pulls Well Ahead of Trump on Polymarket
“Yes” shares for Harris were trading at 52 cents on the crypto-based betting platform Monday during U.S. morning hours, meaning the market sees a 52% chance she will win the presidency. Each share pays out $1 in USDC, a stablecoin, or cryptocurrency that trades at par with the U.S. dollar, if the prediction comes true, and zero if not. Trump shares were changing hands at 45 cents.
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Breaking: Marathon Digital To Buy Bitcoin From $250M In Convertible Notes
Marathon Digital has announced plans to offer $250 million aggregate amount worth of convertible senior notes. The company intends to use the new raise to fund more Bitcoin (BTC) acquisition plans and general corporate purposes. This year, firms continue to add Bitcoin to their balance sheet for several reasons.
Marathon Digital To Offer $250M Convertible Notes
Marathon Digital disclosed plans to offer $250 million $250 million in senior convertible notes based on market conditions. The notes which will be offered to qualified institutional buyers will become due in 2031. This will fund the company’s Bitcoin acquisition plans as multiple firms continue to purchase the asset amid increased demand this year.
“MARA intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of debt and other outstanding obligations. The notes will be offered and sold to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act.”
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David Pokima
David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.