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Thailand’s SEC Approves Bitcoin ETF Fund for Wealthy Investors
5.6.2024
The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged Fund Not For Retail Investors...
Bybit Report Shows Growing Popularity of Meme Coins Among Institutional and Retail Investors
5.6.2024
A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold...
Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching $150,000
5.6.2024
Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that...
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
5.6.2024
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay...
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
4.6.2024
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some...
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...
VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency
4.6.2024
Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin...
Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’
4.6.2024
On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took...
Bitcoin Surpasses $70,000, Reaches Intraday High of $71,031
4.6.2024
The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin’s Price Stabilizes Above $70,000 Bitcoin remains...
Hong Kong Police sound alarm on rising digital asset-linked crime wave
4.6.2024
In recent months, the Hong Kong Police Force’s Advisory Group has raised alarms over a significant increase in crimes related to digital assets. This surge in illegal activities involves cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-based financial instruments....
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
4.6.2024
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining...
Claudia Sheinbaum elected, Mexico’s crypto policy to continue
4.6.2024
Recently, Mexico witnessed a historical moment when the former mayor of Mexico City, Claudia Sheinbaum, became the country’s first female president. This achievement is significant not only for advancing gender equality in Mexico but also implies that Mexico’s current government...
FLOKI and DOGE mark gains for a rebound
4.6.2024
Top meme coins, including FLOKI, have seen decent gains in recent times. The majority of this pertains to a rise in the market cap since there has been a considerable decline in token value. June has just started, and the month could later turn around for the meme coin segment. It has so far surged...
Shiba Inu (SHIB) could break past June trends this year
4.6.2024
Previous June trends don’t necessarily depict an optimistic picture for Shiba Inu ($SHIB); however, the market believes that 2024 could be different. Previous records show that SHIB has always declined in June. For example, it fell by 4.75% in 2021 and 12% in 2022. This year, the differentiating...
Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology
4.6.2024
Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could support global daily transactions. Starkware Announces Plan to Enhance Bitcoin...
Solana token launch last month was roughly half a million
4.6.2024
As the desire to create a successful memecoin and the reduced barriers to entry became more prevalent, creators launched nearly half a million tokens on the Solana blockchain in May. The previous month saw the development of 455,000 tokens on Solana. In comparison, there were 177,000 tokens...
RACA formally introduces the RACA AI
4.6.2024
RACA officially introduces RACA AI, which is designed to serve as a hardware foundation for blockchain-AI-GPU computation platforms and is backed by the World GPU endless upgrading framework. In RACA’s case, it serves as a governance coin and base for RACA AI. It will play a crucial role...
Deutsche Bank and Bitpanda Collaborate Amid Crypto Banking Challenges
4.6.2024
Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly banks. Deutsche Bank will...
Crypto.com App now offers a new payment facility
4.6.2024
Crypto.com users have the ability to initiate a Strike or UpDown options trade by converting their crypto to American dollars. The new payment facility makes use of any token available in the user’s balance, which is a notable attraction. Another exciting news for crypto enthusiasts is that...
Watford FC Partners With Republic to Offer 10% Stake to Fans and Investors
4.6.2024
The English football team Watford FC has partnered with the digital asset investment firm Republic to sell 10% of the club to fans and investors. Although fans won’t receive voting rights, the stake will provide dividends to holders. Watford FC Collaborates With Republic to Sell 10% Stake...