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Russia Set to Recognize Bitcoin Mining as Economic Activity
10.6.2024
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would...
Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports
10.6.2024
Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations. Record-Breaking Week...
Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge
10.6.2024
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised...
Over 200 BTC From 2013 and 2012 Wallets Awaken, Now Valued at Over $14M
10.6.2024
Over the past weekend, 211.51 dormant bitcoins valued at $14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series...
Trump promises to become the ‘crypto president’ — Law Decoded
10.6.2024
The former United States president is intensifying his cryptocurrency advocacy as part of his 2024 presidential campaign
OKX feels the pinch from a breach affecting its users
10.6.2024
OKX’s SMS notification safety feature was compromised by a miscreant who whacked crypto amounts, leaving the users high and dry. The company is engaged in going into the crux of the matter, assuring its users of complete compensation. As per SlowMist, the information began trickling in, with...
With the price of BRETT skyrocketing, how high can it go?
10.6.2024
At its current trade price of $0.1581, the meme coin Brett—which is inspired by the Matt Furie Boys’ Club comic—has grown more than 327%. BRETT has been a segment of the crypto space for a period of only three months and yet has become highly sought after by the masses. Its market...
Solana set for a breakout: Momentum builds for major surge
10.6.2024
Solana (SOL), a high-performance blockchain known for its fast transaction speeds and low fees, is currently experiencing a surge in momentum that could soon lead to a significant price explosion. As the broader cryptocurrency market shows signs of recovery, Solana is emerging as a standout...
Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North
10.6.2024
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency...
The people of New Zealand prefer crypto to real estate
10.6.2024
Many New Zealanders want to build wealth with cryptocurrency instead of real estate. They are switching to crypto due to their disinterest in conventional financial systems. Crypto is more accessible than real estate investment, mainly due to the high costs involved with getting into the market....
Privacy Coin XMR Rebounds After Mid-April Low Climbing 37% in 30 Days
10.6.2024
The privacy coin monero (XMR) has experienced a 7.7% increase in the last 24 hours and a 16.5% rise over the past week. Monero Trading Volume Doubles in 24 Hours After a prolonged decline and hitting a significant low in mid-April, monero (XMR) has recovered in value. For instance, on April 13,...
Dogecoin’s performance this week
10.6.2024
Dogecoin ($DOGE) had a pretty impressive performance in April. It has now returned to $0.1452 in the last 7 days. That is a dip of 10.60%. The price remains near the All-Time High (ATH) of $0.17, attained in April 2021. If it triggered a spike once more, there would be the potential to surpass...
Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover
10.6.2024
Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62%...
Crypto King reveals an exciting future for Shiba Inu!
10.6.2024
SHIB faced major criticism for being down by -73.84% since its all-time high three years ago, and many critics believe the token will lose its thirteen billion dollar value. Amid the market divide surrounding Shiba Inu last week, Crypto King took to social media X to refute claims of Shiba...
Onchain Alerts Uncover $19 Million Siphoned From Defi Protocol Uwu Lend
10.6.2024
On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have experienced a potential exploit. Arkham and Cyvers reported that more than $19 million had been siphoned from the lending protocol. Over $19M Drained From Uwu Lend The defi...
Sky Mavis extricates $5.7M, stolen from Ronin Bridge
10.6.2024
Sky Mavis has successfully managed to retrieve $5.7 million about the stolen amount from Ronin Bridge in 2022, with $40 million remaining. This was made possible with the assistance of the Norwegian official bodies. Regarding the balance amount, the strategy for retrieving it is awaited....
Double-Digit Gainers and Losers Define a Turbulent Week in Crypto
10.6.2024
At press time on Monday, the global cryptocurrency market is valued at $2.53 trillion, reflecting a 0.89% decline over the last day. In the past week, six tokens have experienced double-digit gains, with the meme coin brett (BRETT) increasing by 65.8%. Meme Coin BRETT Leads Weekly Gains Amidst...
Cardano’s Voltaire era nears with June hard fork milestone
10.6.2024
Chang will be the first hard fork in the final era of Cardano’s roadmap, introducing community-run governance and on-chain community consensus
Australia follows the US and Hong Kong with the launch of its first spot Bitcoin ETF
10.6.2024
Australia has joined the United States (US) and Hong Kong to launch its first Spot Bitcoin ETF. This development is seen as a major milestone for the crypto industry, as it exposes investors in Australia to Spot Bitcoin ETFs and democratizes access to the digital asset globally. ETFSwap (ETFS)...
Social Media Influencer Dan Bilzerian Contemplates Cryptocurrency Venture
10.6.2024
In a recent social media post that garnered over a million views, Dan Bilzerian, the American poker player and businessman known for his high-stakes games and lifestyle brand Ignite International, expressed interest in creating his own cryptocurrency. Bilzerian, who has distanced himself from...