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Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp
18.6.2024
The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions...
IOTA EVM endpoints are now part of Blast
18.6.2024
Incorporating IOTA EVM endpoints into Blast is a game-changing development, and IOTA can address the scalability and efficiency issues of conventional blockchain systems. Its Tangle architecture features parallel transaction validation without the usual drawbacks of blocks and chains....
Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower
18.6.2024
At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an efficiency rating of under 14 joules per terahash....
ZKSync’s ZK token airdrop has raised the hackles of investors
18.6.2024
ZKSync’s ZK token airdrop has ruffled the feathers of many an investor, as well as the overall crypto community. Towards this, Binance has jumped in with a rescue team and suggested a fresh way of approaching the allocation scheme for pacifying the heckled users. Incidentally, ZK has fallen by more...
Trump may launch $DJT token on Solana, rumors suggest
18.6.2024
Speculations are doing the rounds that Trump, a presidential candidate, has developed and will be releasing a token, $DJT on Solana. This bit of information has been shared on X by a media house, Pirate Wires, which goes on to add that it will be Trump’s son, Barron, who will be responsible...
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
18.6.2024
In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners...
Coinbase releases pre-launch markets on Coinbase exchange
18.6.2024
Coinbase has recently announced support for pre-launch markets on Coinbase Advanced and Coinbase International Exchange. The tools will be made available for users in eligible areas outside of Canada, the UK, and the US. Pre-launch markets allow traders to undertake futures contracts for tokens...
XRP and Notcoin (NOT) price to see boost from key development, but RCOF is set to trend higher
18.6.2024
The crypto market has experienced fluctuations recently, though key developments may soon enhance XRP, Notcoin (NOT), and the RCOF token. Crypto whales continue to watch for desirable changes in these cryptos, as huge growth is potential depending on the market condition. The bearish month has also...
What is an infinite mint attack, and how does it work?
18.6.2024
Learn about the devastating “infinite mint attack” in cryptocurrency. Understand how hackers exploit vulnerabilities to create unlimited tokens, causing massive inflation and price crashes
Tether launches Alloy: A Gold-backed revolution for digital assets
18.6.2024
Tether has introduced Alloy. It is an open platform for creating digital assets. Tether Gold will back these assets, which may alternatively be known as tethered assets. Alloy is being brought to the market to reimagine digital economy stability. Recognized as an innovative approach, Alloy will...
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
18.6.2024
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user...
Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’
18.6.2024
Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation...
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
18.6.2024
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The...
Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team
18.6.2024
Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven...
SEC’s Crypto Enforcement Chief Departs After 9 Years
18.6.2024
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges...
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
18.6.2024
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds...
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
17.6.2024
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have been affected by corruption cases involving crypto...
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
17.6.2024
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since...
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
17.6.2024
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit...
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...