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Zimbabwe seeks public input to shape crypto regulations
12.6.2024
In a news release by Bloomberg, Zimbabwe has declared its agenda to embark on consultation on the functioning of cryptoassets. This move comes when the government puts measures to regulate this sector. In a statement published in the state-owned Herald Newspaper, all players in the cryptocurrency...
12-Month Crypto Gainers: Meme Coins Take 7 of Top 10 Spots
12.6.2024
Over the past 12 months, bitcoin (BTC) has appreciated more than 168% against the U.S. dollar, a notable performance compared to other asset classes globally. However, seven out of the top ten gainers in the past year have been meme coins, with the crypto assets TRUMP, WIF, BOME, BONK, MOG,...
Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem
12.6.2024
Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since...
Burn rate of Shiba Inu (SHIB) soars to more than 3000%
12.6.2024
The burn rate of Shiba Inu has surpassed 3000% as of June 12, 2024. The 24-hour duration saw more than 232 million SHIB tokens being incinerated. Shibburn’s data revealed that the burn rate was up by 3010.53% to eliminate 232.64 million tokens. The move positively influences the price of $SHIB...
MEW places itself as a competitor for SHIB and DOGE
12.6.2024
Dubbed as cat in a dog’s world, the MEW token is poised to eventually dethrone the likes of Shiba Inu ($SHIB) and Dogecoin ($DOGE). The Solana cat meme coin has established itself as a competitor based on its characters, supporting characters, and storyline. The community believes that dog-themed...
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
12.6.2024
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within...
Ripple Completes Acquisition of Standard Custody & Trust Company
12.6.2024
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio...
BNB rebounds from 2023 lows with record highs
12.6.2024
Within a year of settling with the US Department of Justice, BNB has managed to reach its all-time high. The native token of the Binance exchange recently hit the $700 mark. At the start of the year, Binance was worth $312. The coin rallied to $600 in mid-March, thanks to improving crypto market...
Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting
12.6.2024
The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%....
Artificial Superintelligence Alliance postpones token merger to July
12.6.2024
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and the Ocean Protocol, is currently in the formation of the ASA. It has declared a new date for the ASI token merger. The date has been changed from June 13, 2024, to July 15, 2024, as a result of technological...
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
12.6.2024
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among...
Ripple CEO unveils RLUSD stablecoin at XRP Ledger Apex Summit
12.6.2024
At the XRP Ledger Apex event, Brad Garlinghouse, the CEO of Ripple, revealed the name of the much-discussed stablecoin. The future digital currency, RLUSD, will introduce a revolutionary change in the Ripple network by providing a safe and stable way of executing trades. This exciting announcement...
US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million
12.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction. Spot Bitcoin ETFs Lose Ground Spot bitcoin ETFs have recorded...
OKX investigates multi-million account thefts after SIM swap attacks
12.6.2024
According to SlowMist, despite the two similar phishing incidents, OKX’s two-factor authentication mechanism was not the main vulnerability point
Ripple Adds Ethereum Virtual Machine Compatibility to XRP Ledger
12.6.2024
The XRP Ledger (XRPL) will now be compatible with the Ethereum Virtual Machine (EVM) thanks to the launch of the XRPL EVM Sidechain by the Ripple team. This new product will enable EVM compatibility and unlock opportunities for decentralized finance (DeFi) and real-world asset tokenization (RWA)...
DePINs are a proven path to crypto mass adoption — XYO co-founder
12.6.2024
XYO co-founder Markus Levin argues that DePINs can make AI more trustworthy, empower users and businesses alike, and usher in blockchain mass adoption
Iggy Azalea’s MOTHER meme coin opens Pandora’s Box, Ethereum founder joins the conversation
12.6.2024
Iggy Azalea, a top celebrity Australian rapper and founder of the viral meme coin Mother Iggy (MOTHER), which rallied 1000x, is reported to have opened Pandora’s Box after challenging Ethereum (ETH) founder Vitalik Buterin on the X platform over personal financial gains from transaction fees...
Crypto market witnesses 270.4M selloff in the form of liquidations
12.6.2024
Bitcoin, the largest cryptocurrency by market cap, showed a downward trajectory very recently. Ethereum also showed a similar trend, and the selloff resulted in around $270.4 million liquidation. Binance is the top crypto exchange that featured $99.7 million in total liquidations, and the GMCI...
Zimbabwe consults crypto firms on virtual asset regulation needs
12.6.2024
The Zimbabwean government hopes to create a regulatory structure tailored to country’s specific needs and conditions
Binance integrates Curve (CRV) on Arbitrum One and Optimism
12.6.2024
The exciting news for the DeFi community is that Binance has easily integrated Curve Finance’s token, CRV, into Arbitrum One and Optimism. This strategic decision is expected to significantly enhance Curve Finance’s liquidity and transactional efficiency for those who employ these...