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Unlocking Value: Fair Price Discovery, the Role of Market Makers
30.6.2024
Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases:...
Crypto ATM Installations Rise in 2024, Adding 2,564 New Machines Globally
30.6.2024
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end...
Crypto Exchange Binance Takes Action Against Account Misuse
30.6.2024
Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered...
Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin’
30.6.2024
Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and is following Warren Buffett’s strategy...
Court Dismisses SEC Claim on Secondary Sales of BNB
30.6.2024
The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However,...
Meme coins have an important role to play in crypto
30.6.2024
Meme coins have stolen the spotlight this Bitcoin halving cycle, and they've offered unparalleled opportunity to at least some participants
SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
29.6.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue...
Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’
29.6.2024
The Ethereum co-founder says we’d all be better off with either anarchy or tyranny but not both
Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President
29.6.2024
While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore...
Firm Behind Pudgy Penguin NFTs Acquires Frame to Build Abstractchain for Consumer Crypto
29.6.2024
Igloo Inc., the team behind the Pudgy Penguins non-fungible tokens (NFTs) has announced the acquisition of Frame, aiming to enhance the consumer crypto experience by developing Abstractchain. This move is expected to address limitations in current layer two (L2) solutions and expand cultural...
Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry
29.6.2024
The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector....
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
29.6.2024
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend...
Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’
29.6.2024
Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in...
NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week
29.6.2024
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This...
Spot Ethereum ETF launch delayed by SEC comments
29.6.2024
The SEC provided some feedback on the S-1 forms submitted by the spot Ethereum ETF issuers and has requested they be resubmitted by July 8
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
29.6.2024
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks...
FTC Warns: Social Media Investment Scams on the Rise
29.6.2024
The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers...
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
29.6.2024
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting...
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
29.6.2024
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans...
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...