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ETF talks boost Shiba Inu burn rate by 3,000%
11.6.2024
Dips continue to happen across the Shiba Inu ecosystem. However, the market is increasingly paying attention to these dips. There are two reasons behind this: a massive spike in burn rate and discussions about ETFs. As the rate spiked to 2,955%, the community burned 7.5 million. This number...
Coinmetrics: Meme Coins Reshape Crypto Landscape Despite Centralized Token Holdings
11.6.2024
The meme coin sector has exploded to a staggering $60 billion market capitalization, reshaping the digital asset landscape and outperforming traditional crypto assets. Researchers Tanay Ved and Matías Andrade from Coinmetrics provide insights into the implications of this trend on networks...
Fidelity connects with the tokenized network of JPMorgan
11.6.2024
Fidelity connects with the tokenized network of JPMorgan, resting on Onyx Digital Assets, JPMorgan’s blockchain network perceived on Ethereum. The company took the initiative of tokenizing its shares via JPMorgan’s tokenized collateral network (TCN). The possibility of attaching...
Thai SEC revokes Zipmex’s licenses after failure to comply with orders
11.6.2024
Thailand’s Finance Minister determined the cryptocurrency exchange was “still in contravention” of orders imposed by the SEC in February
Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline
11.6.2024
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions. Bitcoin...
‘Not a classic VC’: Tether plans to invest up to $1B in one year
11.6.2024
Tether’s VC arm has already spent about $2 billion on tech like AI and alternative financial infrastructure over the past two years
Meme Coin Craze Drives Solana’s Token Issuance to New Heights
11.6.2024
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million tokens, specifically 549,386, were minted. Solana Blockchain Mints Over Half a Million Tokens in 30 Days Solana has recently been a major source of new tokens...
Shiba Inu, Dogecoin, and Ethereum are testing crucial levels
11.6.2024
Days are not precisely good for three tokens—Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH). Ether, for one, comes as a surprise considering the approval of the final forms of Spot ETF is right on the table, in front of the US Securities & Exchange Commission—that is, the SEC. DOGE...
Betting Odds Odds Suggest 24% Chance Joe Biden Will Exit 2024 Election Race
11.6.2024
According to a bet on Polymarket, a decentralized predictions platform powered by Polygon, there’s a wager on whether current U.S. President Joe Biden will exit the 2024 election race. Currently, the likelihood of Biden stepping down has grown over the past few months to a 24% probability,...
PancakeSwap integrates Zyfi for gas-free DeFi trading
11.6.2024
The simplified trading experience could help PancakeSwap attract a larger market share from centralized exchanges
UNI token scales new heights after the CTG acquisition of Uniswap
11.6.2024
Uniswap’s CTG acquisition paved the way for a notable increase in the UNI token’s price within a very short period. Merging CTG’s captivating on-chain experiences with the solutions of Uniswap is the byproduct of the new acquisition. Uniswap and CTG are working to improve CTG’s coming season...
FTC issues urgent warning over rising crypto romance scams
11.6.2024
The FTC asked users to report scammers to the government and warn their loved ones about the scam
Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover
11.6.2024
In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by...
Crypto alert for Doge (DOGE) and SHIB communities: Is this AI platform the only safe place?
11.6.2024
Almost the entire crypto market traded at losses on Friday, as a massive sell-off followed the US Labor Department reports. From a strongly positive start to the week, many top altcoins dipped considerably at the end, and the volatile meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) were most...
Indiana vows outage-free energy for crypto miners, data centers
11.6.2024
Indiana plans to become a hub for the data center and crypto mining industries by promising uninterrupted, low-cost energy
EU Innovation Hub criticizes privacy coins and crypto mixers in new report
11.6.2024
In its inaugural report on encryption, the EU Innovation Hub for Internal Security examined how privacy coins and mixing protocols are complicating regulatory efforts
Study: 14% of ‘Early Adopter’ Kiwis Own Cryptocurrency; Majority Favor It Over Real Estate
11.6.2024
At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings categorize New Zealanders as early adopters, indicating they were quick to recognize the potential of cryptocurrency. Survey data reveal that only 16% of respondents would...
FTC Warns of Crypto Scams From Online Love Interests
11.6.2024
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more...
HSBC China Introduces Digital Yuan Services for Corporate Clients
11.6.2024
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency...
South Korean Regulator Excludes Certain NFTs From Crypto Regulations
11.6.2024
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July...