The largest United States cryptocurrency exchange, Coinbase, has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with information requests in closed crypto cases. According to filings at the United States District Court for the District of Columbia, Coinbase seeks to compel the SEC...Read More
[PRESS RELEASE – New York, New York, June 27th, 2024] Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a...Read More
The U.S. government has transferred $240 million worth of Bitcoin (BTC) to a Coinbase Prime address. According to Arkham Intelligence, the 3,940 BTC sent to Coinbase were originally forfeited from Silk Road vendor and narcotics dealer Banmeet Singh during his January trial. Seizures and Legal Actions In late 2021, the U.S. Department of Justice (DOJ)...Read More
The US spot Bitcoin ETFs appear to be slowly recovering as the collective inflows reached $21.52 million on June 26th, continuing with the positive momentum that began on Tuesday. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments for the past four days. This isn’t its highest streak, though, as in April,...Read More
[PRESS RELEASE – Fairfield, CT, USA, June 27th, 2024] Uses blockchain and Web3 to incentivize users to participate and share essential threat data Interlock today announced a Web3, incentivized crowdsourced internet security community that aims to make the internet safer for everyone, from individuals to global enterprises. Today the company also announced the worldwide general...Read More
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is in its trial phase. And although this is technically the point of the lawsuit where it is supposed to get resolved, there’s no telling when it might actually end. That said, here’s what’s been going on lately as of June...Read More
According to data shared by Lookonchain, the German government has transferred an additional 750 BTC, valued at approximately $46.35 million. Around $15.41 million or 250 BTC of this amount was sent to crypto exchanges Bitstamp and Kraken. Despite these transfers, the entity still maintains a significant Bitcoin reserve, currently holding 45,609 BTC, which has an...Read More
Ethereum’s status as an ultrasound money system becomes increasingly questionable as the days go by, especially as its supply keeps increasing at a high rate. Since mid-April 2024, about a month after the Ethereum network underwent the Dencun upgrade, more than 112,000 ether (ETH) has been added to the market at the fastest daily rate...Read More
Julian Assange’s Bitcoin wallet received $500,000 worth of Bitcoin from a mystery donor on Tuesday, on-chain data shows. The donation follows the whistleblower’s release from the United Kingdom’s high-security Belmarsh prison on Monday, after reaching a plea deal with U.S. authorities following five years behind bars. Bitcoin Brings Assange Home According to blockchain data, a...Read More
Creditors of the bankrupt cryptocurrency exchange FTX are now faced with the option of receiving their assets in cash or crypto. A filing in the United States Bankruptcy Court for the District of Delaware revealed that Judge John Dorsey had approved the solicitation packages and ballots needed for the exchange’s customers to communicate their preferences....Read More
Stablecoins have witnessed significant growth this year. Among them, USDT remains a leader, but other ones, such as Circle-backed USDC, are also seeing considerable activity. As such, USDC’s recent deposits to centralized crypto exchanges could signal investors buying the dip amidst several market corrections in recent weeks. USDC Deposits Surge According to IntoTheBlock’s Head of...Read More
Ripple chief executive officer Brad Garlinghouse has slammed Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), for his recent slander about most crypto executives going to jail. Garlinghouse stated in a tweet that Gensler and his approach to crypto regulation would cause U.S. President Joe Biden to lose the upcoming...Read More
Ethereum spot ETFs will accumulate over $15 billion in net inflows within their first 18 months of hitting the U.S. market, predicted crypto asset manager Bitwise on Wednesday. The firm’s year-and-a-half-long forecast would roughly match the net haul from Bitcoin ETFs ($14.4 billion) since their launch five months ago – from which excitement has helped...Read More
American entrepreneur and Rich Dad Poor Dad author Robert Kiyosaki has revealed that he made his first Bitcoin (BTC) purchase when the asset was worth $6,000 due to encouragement from former Goldman Sachs executive Raoul Pal. According to Kiyosaki, his first 30 BTC purchase has incurred substantial returns over the years; hence, he believes Pal’s...Read More
[PRESS RELEASE – Monaco City, Monaco, June 26th, 2024] Memereum, a rising blockchain insurance, nears 25M tokens sold despite Bitcoin’s market movement to below $60,000 level. Memereum’s Presale Success Despite market’s uncertainty, Memereum’s presale continues to be in demand, recently breaking a record of 1M tokens sold in just a few hours, nearing 25M total...Read More
The crypto market is about to be taken over by AI, just as the experts predicted. Most of the top DeFi coins have started incorporating AI in their features, and even the new tokens are leaning towards offering more AI solutions. An anonymous Shiba Inu developer has endorsed some top crypto AI tokens that could...Read More
Bitcoin whales are quietly scooping up BTC, according to the latest analysis by IntoTheBlock. There has been a shift in Bitcoin accumulation patterns with a surge in net inflows to the largest wallets despite the prevailing market sentiment of FUD. Bitcoin Whales Increase Holdings By 7,130 BTC The data revealed that holders with control of...Read More
[PRESS RELEASE – Hamilton, Bermuda, June 26th, 2024] HashKey Global achieved profitability within its first two months of launch and has entered the top 10 of global exchanges on CoinGecko’s rankings at the time of this release, becoming one of the fastest-growing licensed exchange globally in 2024. HashKey Global has seen significant growth in trading...Read More
[PRESS RELEASE – Dubai, UAE, June 26th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced the proposal of BEP-341: Governance-Enabled Consecutive Block Production. This proposed enhancement aims to significantly improve the transaction processing capacity of BNB Smart Chain (BSC) by enabling validators to produce consecutive blocks....Read More
US spot Bitcoin ETFs finally reversed their streak of net outflows, bringing in $31 million in net inflows. This positive shift followed a seven-day period of continuous net outflows across almost all funds. Three funds attracted inflows, two experienced outflows, and the rest recorded no flows for the day. US Bitcoin ETFs Break Week-Long Outflow...Read More
[PRESS RELEASE – New York City, New York, June 25th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, today announces the launch of the PlayFi Airdrop Platform, which is now officially live. As PlayFi gears up for the launch of its $PLAY token later in 2024, this platform will serve...Read More
[PRESS RELEASE – London, United Kingdom, June 25th, 2024] Minutes Network is pleased to announce a ground-breaking collaboration that is set to bring 1.2 billion users to Minutes Network over the next 24 months. In a strategic move that leverages Minutes Network`s rapid scaling technology with SEW´s AI-driven customer and workforce experience platforms, the extensive...Read More
Ethereum core developer Tim Beiko reported that the Ethereum Foundation’s mailing list was leaked due to a vulnerability in SendPulse, the email automation service used by the foundation. An attacker exploited this to send phishing emails from updates@ethereum.org to subscribers. The foundation has since restricted access to the mailing list, according to the latest update...Read More
Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst...Read More
Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto...Read More
A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an...Read More
The Singapore-based cryptocurrency exchange Bybit has overtaken its rival, the U.S.-based Coinbase, to become the second-largest digital asset trading platform after Binance. According to a press release citing a report from crypto analytics platform Kaiko, Bybit’s market share has surged from 8% to 16% since October 2023, while Coinbase’s share increased by 1% over the...Read More
Despite Bitcoin’s recent decline towards the $58K level, the meme coin sector has maintained its momentum. Many top meme coins preserved their volatility during the sharp market drop, as they are generally less affected by market declines. Notably, Dogecoin’s price has rebounded from its recent low due to increased accumulation. Currently, DOGE is targeting a...Read More
[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Cega, a leader in DeFi structured investment products, is thrilled to announce the launch of its latest offering—Shark Fin vaults. Cega aims to address a gap in the market for conservative investors and DeFi lenders that want to outperform existing lending rates, while protecting their principal and...Read More
Julian Assange, the founder of the non-profit media organization and publisher of leaked documents WikiLeaks, has been released from a United Kingdom prison after five years of staying behind bars. According to a tweet from the official WikiLeaks account, a high court in London granted Assange bail. The authorities released him at the Stansted airport...Read More
