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American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions
7.6.2024
The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping sweep...
Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January
7.6.2024
Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners...
CoinGecko confirms email provider data breach, over 23,000 phishing emails sent
7.6.2024
The email platform's security breach occurred due to a compromised employee account
Bitcoin Technical Analysis: BTC Shows Promising Signs Across All Time Frames
7.6.2024
Bitcoin’s price currently stands at $71,347, showing an impressive rise within the 24-hour intraday range of $70,065 to $71,595. With a trading volume of $25.17 billion and a market capitalization of $1.4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4%...
Franklin Templeton eyes new crypto fund beyond BTC & ETH
7.6.2024
Reports state that Franklin Templeton, an American investment company managing over $1 trillion in assets, is allegedly considering venturing into cryptocurrency markets other than Bitcoin. Unnamed inside sources have revealed that Franklin Templeton is exploring the possibility of launching a...
HULK meme coin lost $15 million in market cap
7.6.2024
The HULK meme coin lost roughly $15 million in market capital. This happened after Hulk Hogan, a WWE wrestler, first allegedly promoted the Solana-based meme token and then deleted those posts. The market cap dipped in a matter of minutes, plummeting from $17 million to $2 million. HULK’s...
Crypto hacks increase in 2024, but smart contracts are not to blame
7.6.2024
Smart contracts are no longer the biggest concern, as hackers are vying for easier targets, such as private key leaks
Robinhood announces an official acquisition of Bitstamp
7.6.2024
Robinhood recently announced an official acquisition of Bitstamp. The development will allow Robinhood to bring Bitstamp’s acclaimed exchange to its user base. With the acquisition, Robinhood has expanded its reach outside the US. The platform will leverage Bitstamp’s ventures to deliver...
Bitdeer introduces energy-efficient Bitcoin mining chip
7.6.2024
This chip will enhance Bitcoin mining performance, minimize power consumption, lower costs, and reduce the environmental footprint
Gemini Taps Kaiko for Enhanced Cryptocurrency Derivatives Trading
7.6.2024
Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing Kaiko’s Benchmark Reference Rates to power...
AI-driven crypto crime is only just beginning — Elliptic report
7.6.2024
Elliptic’s 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning
Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa
7.6.2024
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer...
Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
7.6.2024
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response...
Cross Border CBDC Project Mbridge Enters MVP Stage
7.6.2024
Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network...
‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters
7.6.2024
The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer...
Worldcoin Agrees to Temporarily Stop Operations in Spain
7.6.2024
Worldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy...
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
7.6.2024
Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer...
Robert Kiyosaki Says His Prediction of Bitcoin Hitting $350K in August ‘Is Not a Lie’ — Also Bullish on Ethereum and Solana
7.6.2024
Rich Dad Poor Dad author Robert Kiyosaki has emphasized that his prediction of bitcoin hitting $350K on Aug. 25 “is not a lie.” He also expressed his bullish outlook for ethereum and solana, noting that he will keep buying the three cryptocurrencies because he is “quite certain...
SEC Chair Gensler: Spot Ether ETFs ‘Will Take Some Time’ to Begin Trading
7.6.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has stated that spot ethereum exchange-traded funds (ETFs) “will take some time” to commence trading, highlighting the necessity for a thorough disclosure process. Additionally, Gensler emphasized the lack of proper...
Report: Kraken Considers IPO Amid Renewed Investor Interest
6.6.2024
Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived...