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Crypto clicker games need real token use cases to be sustainable
18.6.2024
As Notcoin and Hamster Kombat continue to amass millions of users, experts question the long-term viability of crypto clicker games
Solana gaming studio Mirror World raises $12M in funding
18.6.2024
The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects
Polymarket gambler face charges after Taiwan election bet
18.6.2024
A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections
First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected
18.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
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...
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets
18.6.2024
FTX's victims are seeking a court hearing to rule on their claim that all the failed crypto exchange's forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate
Most popular crypto of 2024: NEAR Protocol & Arbitrum price surges, but investors pick BlockDAG as presale hits $50.6 million
18.6.2024
NEAR Protocol and Arbitrum are attracting significant inflows, with NEAR Protocol Holders and Arbitrum (ARB) Price showing strong performance and no major stress factors. Amidst these developments, BlockDAG, a layer 1 project, has become a preferred destination for investments. With a stellar...
BlockDAG asserts its dominance as the top long-term crypto, outshining BNB & Polygon with innovative Low Code/No Code platform
18.6.2024
As the week kicks off, BNB has hit a new all-time high, boosting its market cap and leading to bullish BNB price predictions. Simultaneously, Polygon is experiencing a boom in NFT sales, with collections such as Moon Girl gaining traction. Amidst these developments, BlockDAG is turning heads with...
Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K
18.6.2024
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said
41% of top ZK airdrop wallets have already sold everything: Nansen
18.6.2024
The data covered the “top 10,000 addresses” that received zkSync’s new ZK token, though that only makes up 1.4% of the total wallets eligible for the ZK airdrop
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...
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
18.6.2024
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such...
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...
Crypto Super PAC spends $2M on attack ad targeting NY lawmaker
17.6.2024
Democratic Representative Jamaal Bowman in New York’s 16th Congressional District has voted against three pro-crypto bills in the last 30 days
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...