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U.S. SEC's Crypto Enforcer David Hirsch Quits
17.6.2024
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday
Ethereum Technical Analysis: ETH Faces Mixed Signals Amid Short-Term Downtrend
17.6.2024
On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased...
Crypto whale nets $7M from WBTC & ETH investments!
17.6.2024
One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase...
First Mover Americas: Crypto Majors Subdued After Fed's Hawkish Stance
17.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Coinbase says 56% of Fortune 500 execs are testing crypto projects – Here are the top picks
17.6.2024
A recent survey by Coinbase reveals that 56% of Fortune 500 execs are delving into several on-chain projects as blockchain technology adoption rises. Novel crypto projects like ETFSwap (ETFS) are some of the top model projects that align with institutional investment goals. Some of the major...
Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Waka Flocka Flame token launch faces insider trading allegations
17.6.2024
Around 40% of the coin’s total supply was scooped up before Waka Flocka Flame announced the launch
South Korea devises law for constant scrutiny of 600 crypto tokens
17.6.2024
South Korea is set to implement the virtual asset user protection law, which will come into force by July 19
South Korean crypto exchanges may deregister up to 600 altcoins
17.6.2024
South Korea based crypto exchanges are contemplating the deregistration of hordes of altcoins, with financial bodies clamping down on the altcoin space. As per the news reports put forth by Daehan Kyungjae, the newly introduced Virtual Asset User Protection Act will be duly implemented soon....
Remilia hacker moves $4.3M to Tornado Cash
17.6.2024
Nonfungible tokens and Ether worth millions were stolen on March 16 from the Remilia DAO and transferred to an unknown wallet address
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
17.6.2024
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies
How to generate passive income with cryptocurrency airdrops
17.6.2024
Hunting for crypto airdrop opportunities and cashing in on airdrop rewards can be a thrilling way to bag some extra coins, but beware, not every “drop” is gold
Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange
17.6.2024
The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having...
ZkSync defends Sybil measures as Binance offers own ZK token airdrop
17.6.2024
ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
17.6.2024
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities...
Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects
17.6.2024
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their...
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
17.6.2024
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized...
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
17.6.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether...
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
17.6.2024
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing...
Crypto Sector Secures $317M in Venture Capital Deals in Early June
16.6.2024
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather...