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ECOWAS urged to adopt crypto rules like Europe’s MiCA
30.6.2024
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity
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,...
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...
Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value
28.6.2024
According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter Thiel, the renowned billionaire and co-founder...
Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000
28.6.2024
American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at...
21Shares files application for spot Solana ETF
28.6.2024
The proposed fund would be called the 21Shares Core Solana ETF and would not participate in staking SOL
Crypto platform Yield App shuts down citing FTX losses
28.6.2024
Yield App halts operations, citing losses from FTX exposure, despite previous assurances of no significant impact
Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform
27.6.2024
Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims...
Steady Above $60K: Bitcoin Weathers Government Sell-Offs, Says QCP Capital
27.6.2024
Despite a brief dip below $60,000 on June 23, bitcoin has demonstrated formidable resilience by closing above this pivotal level for 118 days in 2024. According to QCP Capital, the cryptocurrency continues to hold strong against various market pressures, including substantial governmental...
Are celebrity tokens good or bad for Web3? Execs weigh in
27.6.2024
Cointelegraph approached professionals across Web3 to get their thoughts on the emergence of celebrity-backed meme tokens in crypto
South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report
27.6.2024
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi
Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud
27.6.2024
In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices...
UAE regulations may ban crypto payments, warns lawyer
26.6.2024
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a “less favorable environment” for crypto in the UAE
Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday
25.6.2024
At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC...
54% of institutional investors in Japan plan to invest in crypto: Survey
25.6.2024
54% of Japanese institutional investors plan to invest in crypto over the next three years, citing portfolio diversification and high return potential as key drivers
Crypto investment products see $584M outflow as Bitcoin descends to $60K
24.6.2024
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
24.6.2024
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific
Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend
24.6.2024
Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3%...
Bitcoin miner Hut 8 lands $150M investment amid AI boom
24.6.2024
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing
Why are traders shorting Michael Saylor’s MicroStrategy?
24.6.2024
Short sellers are targeting MicroStrategy stock, but what is the reasoning behind it?