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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...
Crypto Mainstream Adoption Has Increased in Recent Months, Canaccord Says
10.6.2024
The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating
UwU Lend hit by $20 million crypto hack
10.6.2024
The ongoing exploit has already netted the attacker nearly $20 million in digital assets
Solana cracks down on validator sandwich attacks
10.6.2024
Sandwiching occurs by placing one order before the transaction and another immediately after, which ensures that retail always gets the worst possible price
Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition
10.6.2024
Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which...
Legendary cryptographer David Chaum on revolutionizing money to combat global inequality — Yat Siu
10.6.2024
Animoca Brands co-founder and chairman Yat Siu believes mass adoption is closer than one may think, and that blockchain gaming will be the catalyst
Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind
10.6.2024
Crypto lending firm Ledn survived the crypto winter by being "boring, slow and safe," according to a co-founder
Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M
10.6.2024
CoinShares believe the turnaround is due to "weaker than expected macro data in the U.S."
Robinhood’s Acquisition of Bitstamp Expands Its Global Reach: Architect Partners
10.6.2024
Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said
Payrolls-Led Bitcoin, Ether Price Swoon Is 'Buy the Dip' Opportunity, Crypto Trading Firm Says
10.6.2024
Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said
South Korea labels mass-produced NFTs as virtual assets
10.6.2024
NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
10.6.2024
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE)...
‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction
10.6.2024
Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this infrastructure proposal for Bitcoin City in November...
6 US Banks Face Moody’s Downgrade
10.6.2024
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with...
Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages
10.6.2024
A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate a surge in tokens...
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
9.6.2024
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would...
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
9.6.2024
CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
9.6.2024
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark...
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
9.6.2024
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin...
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
9.6.2024
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season;...