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Nalezeno "Cryptocurrency News": 2937

Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison

8.6.2024
Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly...

Crypto mining regulation rules St. Petersburg International Economic Forum

7.6.2024
At this year’s St. Petersburg International Economic Forum (SPIEF), the regulation of cryptocurrency mining emerged as a central theme, capturing the attention of policymakers, industry leaders, and economic experts from around the world. As digital currencies continue to gain prominence,...

Semler Scientific Expands Bitcoin Holdings, Acquires 247 More BTC

7.6.2024
Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive of fees and expenses. As of June 6, the company’s total bitcoin holdings stood...

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...

‘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...

Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach

6.6.2024
The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that...

SHIB gains overwhelming attention due to hike in token burn rate

6.6.2024
Shiba Inu (SHIB) meme coin receives much attention owing to its overwhelming jump in its token burn rate to 3,900%. This is according to Shibburn, a platform meant for monitoring the burning of SHIB tokens. The pricing of SHIB, too, has seen a rise.  The increase in Shiba Inu’s burn rate...

Gensler asserts: Disclosures alone fail to shield crypto exchanges

6.6.2024
SEC Chair Gary Gensler has issued a stark warning to the cryptocurrency industry, asserting that disclosures alone are not enough to ensure the safety and integrity of crypto exchanges. Gensler’s remarks highlight the growing concerns among regulators about the adequacy of current oversight...

Stacks (STX) breaks a major resistance level

6.6.2024
Stacks ($STX) was trading within a confined range of $1.675 and $2.135. It has finally broken out of that range to mark a surge of 6.38% in the last 24 hours and 24.87% in the last 7 days. The token value is $2.37 at the time of writing this article. The community is speculating that …

Lift Dollar, a new stablecoin from Paxos International

6.6.2024
The new project exemplifies Paxos International’s dedication to supporting widespread stablecoin usage and industry expansion. The most notable advantage of the new offering is that investors will profit from the yield obtained on reserves. The new product introduction serves to solidify...

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

6.6.2024
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics...

Stake BNB & FDUSD to farm AI power on Binance IO.NET launch

6.6.2024
Binance, a leading market for cryptocurrency trading, recently introduced its new product, IO.NET (IO), in a Launchpool section. It is Binance’s 55th project to be featured in this section. The pre-sale of IO tokens is also a good opportunity for users to acquire tokens before they can be traded...

Celebrity crypto projects: A Vitalik Buterin critique

6.6.2024
Vitalik Buterin, the Ethereum founder, recently talked about celebrity involvement in the crypto market.  Several personalities have launched their crypto projects, but Buterin is not cheering them on. The founder went on to X/Twitter to express dissatisfaction with the star experimentation....

Key Cryptocurrencies to consider for investment in 2024

6.6.2024
The world of cryptocurrency has become so dynamic that it can lead to numerous opportunities and threats for investors. Understanding the main digital currencies to think about when investing in the future years of 2024 is vital. This article looks at the critical developments currently underway...

Tether invests $18.75 million in XREX to enhance the online asset space

6.6.2024
Tether has invested $18.75 million in XREX Group to improve the overall online asset space and initiate global payments with USDT. In addition, Tether plans to introduce inventive innovative regulatory technology.  For the uninitiated, Tether is known as the largest company in the online asset...

Shytoshi Kusama hints at upcoming developments in Shiba Inu

5.6.2024
Shytoshi Kusama, a pseudonym Founder of Shiba Inu, has hinted that developments are underway as he returns from the Middle East. He published a post on X and expressed his satisfaction of spending time in the region. The Shiba Army is speculating that it is because partnerships, collaborations,...

Worldcoin’s Spain prohibition prolonged until 2024

5.6.2024
Worldcoin’s Proof-of-Humanity project will soon halt operations in Spain, and the German business organization entrusted with analyzing Worldcoin’s compliance with the European Union’s data protection rule is auditing the project.  Sam Altman, the Chief Executive Officer of OpenAI, is...

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