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Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares
17.6.2024
Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance...
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services
17.6.2024
According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional...
Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime
17.6.2024
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining...
Crypto-Sec: $11M Bittensor phish, UwU Lend and Curve fake news, $22M Lykke hack
17.6.2024
UwU Lend exploited twice and the “10% CRV burn” story invented by a scammer, TAO holder phished for $11M, Lykke hack cover-up: Crypto-Sec
Bitwise predicts the potential of Crypto and AI growth
17.6.2024
According to the report, the integration of crypto and artificial intelligence will have a big impact on the economy. The American spot Bitcoin ETF provider made the forecast at an annual conference in Austin. The conference witnessed the exchange of innovative ideas like the future of blockchain...
Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
17.6.2024
The Australian Securities Exchange (ASX), which accounts for 90% of Australia’s equity market, has approved its first spot-bitcoin {BTC} exchange-traded fund (ETF), according to a blog from the issuer VanEck
Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses
17.6.2024
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto...
Crypto chief bids SEC farewell after 9 years of service
17.6.2024
David Hirsch has worked as an enforcement attorney for the SEC since 2015 and started his post as the chief of the crypto asset division in 2022
TXSE ‘upstart’ stock exchange could become a crypto-friendly challenger
17.6.2024
While there are many challenges for a new stock exchange in the U.S., many observers are optimistic about what it could mean for the crypto industry
U.S. SEC's Crypto Enforcer David Hirsch Quits
17.6.2024
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday
Ethereum Technical Analysis: ETH Faces Mixed Signals Amid Short-Term Downtrend
17.6.2024
On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased...
Crypto whale nets $7M from WBTC & ETH investments!
17.6.2024
One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase...
First Mover Americas: Crypto Majors Subdued After Fed's Hawkish Stance
17.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Coinbase says 56% of Fortune 500 execs are testing crypto projects – Here are the top picks
17.6.2024
A recent survey by Coinbase reveals that 56% of Fortune 500 execs are delving into several on-chain projects as blockchain technology adoption rises. Novel crypto projects like ETFSwap (ETFS) are some of the top model projects that align with institutional investment goals. Some of the major...
Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Waka Flocka Flame token launch faces insider trading allegations
17.6.2024
Around 40% of the coin’s total supply was scooped up before Waka Flocka Flame announced the launch
South Korea devises law for constant scrutiny of 600 crypto tokens
17.6.2024
South Korea is set to implement the virtual asset user protection law, which will come into force by July 19
South Korean crypto exchanges may deregister up to 600 altcoins
17.6.2024
South Korea based crypto exchanges are contemplating the deregistration of hordes of altcoins, with financial bodies clamping down on the altcoin space. As per the news reports put forth by Daehan Kyungjae, the newly introduced Virtual Asset User Protection Act will be duly implemented soon....
Remilia hacker moves $4.3M to Tornado Cash
17.6.2024
Nonfungible tokens and Ether worth millions were stolen on March 16 from the Remilia DAO and transferred to an unknown wallet address
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
17.6.2024
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies