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Which cryptocurrency to invest in June 2024: BlockDAG presale hits $52.2M, XRP prices remain undervalued, & Cosmos faces outage
20.6.2024
Despite Ripple (XRP) achieving regulatory clearance, it still trades under $0.5, leaving its advocates disheartened. Cosmos encountered a significant setback with a nearly four-hour downtime during its v17 upgrade, showcasing some vulnerabilities. Conversely, BlockDAG is pioneering new frontiers...
Ethiopia Approves CBDC Launch Draft Proclamation
20.6.2024
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow...
Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty
20.6.2024
Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner...
ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued
20.6.2024
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
20.6.2024
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of...
Unlicensed Crypto Business Leads to Indictments in Utah
20.6.2024
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal...
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
20.6.2024
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said....
Binance to appeal $4.4M fine from Canadian regulator
19.6.2024
The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators
Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees
19.6.2024
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White...
Unique Residential Bitcoin Mining House in Dallas Listed for $2.4M
19.6.2024
According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas...
German Law Enforcement Transfers $425M in Bitcoin From Seized Funds
19.6.2024
Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities...
CertiK identified Kraken exploit, claims exchange ‘threatened’ its team
19.6.2024
The security firm said it was transferring the digital assets obtained in the exploit of Kraken back to the exchange, but many crypto users questioned its motives
BTC, SHIB, and XRP see fluctuating movements on the price chart
19.6.2024
Bitcoin is down to a crucial level. Shiba Inu is still on the verge of recovery. XRP is expected to gain momentum as time passes. The crypto market, in a macro sense, is affected by several factors. This includes economic conditions, Federal Reserve decisions, regulatory compliance, recognition...
QCP Capital Cites ‘Lack of News Flow’ for Bitcoin’s Price Decline Amid Market Doldrums
19.6.2024
On Wednesday at 11 a.m. EDT, bitcoin hovered just around the $65,000 mark. QCP Capital published its market commentary, attributing the downturn in the crypto economy to a lack of news flow and stagnant markets. In such a market, with minimal positive news to spur buying, existing crypto holders...
Martin Shkreli claims to co-create controversial DJT token
19.6.2024
DJT, the Solana-themed token based on Donald Trump, has been in the news for a bit. The token is gaining precedence once again but because of some controversial claims. Martin Shkreli, the problematic entrepreneur recently claimed to have co-created the DJT token. The news was shared by ZachXBT...
Hedera wallet snap now supports smart contract service
19.6.2024
The team at Tuum Technologies has announced the release of an updated version of the Hedera Wallet Snap. The Token Service and Smart Contract Service of Hedera are now completely integrated with the wallet snap. The most recent update to MetaMask unlocks a plethora of opportunities. The latest...
Moody’s assigns ‘A-bf’ rating for OpenEden’s tokenized fund
19.6.2024
OpenEden’s TBILL received an ‘A-bf’ rating from Moody’s Ratings on June 19, as more T-Bills are going onchain
Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest
19.6.2024
Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million...
The Sandbox purchases a diverse array of popular memecoins
19.6.2024
The Sandbox is an international community dedicated to encouraging virtual artists and creators. The top executives of the Sandbox believe that the culture of creativity is a foundational stone of the open metaverse. The purchase of the coins above will help support specific communities. The...
Controversial Figure Martin Shkreli Allegedly Behind New Trump-Themed Crypto Token DJT
19.6.2024
Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump. The revelation comes as the token’s association with the Trump campaign remains unverified, stirring significant speculation...