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UK’s crypto manifesto to lead in fintech, online assets & tokenization
14.6.2024
UK has come out with its Stand with Crypto manifesto, suggesting the island country to be projected as a top player in fintech, online assets, and tokenization for increasing investments, impacting productivity, as well as overall growth and the UK economy in general. This is taking place at...
Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days
14.6.2024
According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05...
Shiba Inu makes history as first meme coin for Web3 food delivery
14.6.2024
The Shiba Inu community has been in awe from the time the members learned that they could leverage their holdings to pay for Web3 food delivery. The first order has already been placed and settled using SHIB. The order was placed via DevourGO with the mechanism backed by Coinbase Commerce...
Bitcoin Technical Analysis: BTC Faces Downward Pressure Amid Market Uncertainty
14.6.2024
Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical analysis across multiple time frames indicates...
Concerns remain over buying Bitcoin amid fear of inflation elevation
14.6.2024
The demand for Bitcoin via Spot ETF is fluctuating. This stems from the fear of inflation elevation despite the number indicating a soft decline in May 2024. The inflation figure for the US in May stands at 3.3%. Economic projections estimate that the number may go further down but the pace will...
Solana introduces its scaled version of Solana Pay for Shopify
14.6.2024
Solana has delivered its scaled version of Solana Pay plugin, boosted by Helio and targeting Shopify, with added features for more convenient processing of payments. Over and above that, is the introduction of attractive loyalty schemes, along with a simplified way of connecting with one’s Shopify...
Lil Pump and dump: Rapper tattoos ‘Solana’ on forehead after selling SOL tokens
14.6.2024
Lil Pump’s new Solana tattoo sparked mixed reactions from fans and the crypto community, with some criticizing and others celebrating the move
South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
14.6.2024
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick...
Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round
14.6.2024
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used...
Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto
14.6.2024
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The...
Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court
14.6.2024
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits...
Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds
14.6.2024
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed...
Coinbase CEO Engages US Senators to Push Clear Crypto Regulations
13.6.2024
Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the cryptocurrency industry and enhancing consumer...
Taiwan establishes association to help crypto firms self regulate
13.6.2024
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison
Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects
13.6.2024
On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia...
Solana Labs Launches Bond, a Blockchain Digital Customer Engagement Platform
13.6.2024
Solana Labs announced the launch of Bond, a platform that uses blockchain and cryptocurrency structures to establish links between brands and their customers. Bond will offer different features, including digital collectives, authentication of luxury goods, and digital passports for products,...
Okx Acknowledges Security Incident Involving Judicial Documents Forgery
13.6.2024
Okx, a Seychelles-based cryptocurrency exchange, clarified the information regarding a recent security incident that allowed unidentified criminals to take control of the accounts of a few customers, draining these. In a statement, Okx stressed that a third party had forged judicial documents...
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
13.6.2024
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining...
Fortune 100 companies set record high in blockchain and crypto initiatives in Q1 2024
13.6.2024
Fortune 100 companies have stepped up their involvement in cryptocurrency, blockchain, and web3 initiatives by 39% from the corresponding period of last year in the first three months of 2024. This increase signifies a new record in corporate participation that enhances these advanced technologies....
Suku partners with Chainlink BUILD to expand Blockchain payment solutions
13.6.2024
Suku links up with the Chainlink BUILD program for speeding up the expansion of the ecosystem and acceptance of blockchain related money transfers, internationally. This is made possible through receiving connectivity with Chainlink’s oracle solutions and technical backing. In return, SUku will...