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FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
9.6.2024
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to...
Bitcoin volatility hovering within 6% of record low levels
9.6.2024
Before the June 7 price decline, Bitcoin's volatility over the previous 15-day period sat within "the bottom 6% of occurrences."
Ripple Teams Up With Clear Junction for GBP and EUR Payouts
9.6.2024
Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment...
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
9.6.2024
Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among...
Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National
9.6.2024
India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits...
China Halts Gold Buying in May, Ending 18-Month Buying Spree
9.6.2024
The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank...
Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour
9.6.2024
Former U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, emphasizing that their...
Standard Chartered Predicts Bitcoin to Hit $100K Pre-Election, $150K if Trump Wins
9.6.2024
Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank’s head of digital asset research cites Trump’s perceived crypto-friendly stance as key for this...
Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year
8.6.2024
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after...
Bitmex Founder Arthur Hayes Advises to ‘Go Long on Bitcoin’ as G7 Central Banks May Slash Rates
8.6.2024
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex...
Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH
8.6.2024
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process....
Blackrock’s IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows
8.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S....
Roaring Kitty Livestream Draws 700,000 Viewers Despite Gamestop’s Plunge
8.6.2024
On Friday, the prominent investor Keith Gill, known by his online alias “Roaring Kitty,” conducted a livestream, arriving 25 minutes late and covered in bandages. Gamestop shares tumbled 39.38% on Friday after being halted multiple times during his broadcast. Keith Gill’s Late Appearance...
Rising NFT Sales Highlight Market Recovery: $133M in Weekly Sales Recorded
8.6.2024
During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51% increase after several weeks of decline. The seven-day...
Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations
8.6.2024
Amid Friday’s downturn, following bitcoin’s decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin. Bitcoin Faces Bearish Sentiment From Hedge Funds...
BTC’s ‘Strange’ Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital
8.6.2024
Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days...
Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack
8.6.2024
Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will...
Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other
8.6.2024
The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between...
Bitcoin return to $71K would wipe $1.38B shorts
8.6.2024
If Bitcoin returns to the price it has been hovering around for the previous two days before the slight dip, it would wipe a considerable amount of short positions
BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest
8.6.2024
Bitcoin lingers lower following a "doubly strange" U.S. trading session, with BTC price support in question