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Fantom Foundation Allocates $120 Million to Accelerate Migration to Sonic
21.6.2024
The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class...
Neo and Phoenix Join Forces: Skynet to Power New Era of AI-Enhanced Blockchain Technology
21.6.2024
Neo has announced a partnership with Phoenix, a decentralized Artificial Intelligence (AI) infrastructure provider. This collaboration aims to blend AI with Neo’s blockchain infrastructure, marking a significant advancement in decentralized AI technology. The partnership will focus on...
Javier Milei Reiterates Several Currencies, Including Bitcoin, Will Compete in Argentina
21.6.2024
President Javier Milei took to social media to re-explain the currency plans for Argentina. Answering a post mentioning bitcoin, Milei stated that anyone wishing to use bitcoin will be able to do so, given that there will be currency competition in the country. “You can also use other units...
Coinbase Investor and Openai Veterans Unite to Launch Safe Superintelligence
21.6.2024
In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert...
Layerzero’s ZRO Token Listed on Major Exchanges, Boosting Cross-Chain Communication Potential
21.6.2024
Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various...
Italy Proposes Stringent Measures to Tackle Crypto Market Manipulation
21.6.2024
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses...
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
21.6.2024
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating...
Iran Launches Digital Rial Pilot on Kish Island
21.6.2024
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting...
UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust
21.6.2024
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets...
Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player
21.6.2024
India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold...
Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty
20.6.2024
Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner...
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
20.6.2024
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of...
CRV Price Hits $0.35, Rebounding 41% From Recent Low Post-Founder Crisis
19.6.2024
Curve DAO’s (CRV) price increased over 10% early Wednesday, hitting $0.35 and marking a 41% increase from its low since a recent liquidation crisis involving its founder. On-chain data revealed significant accumulation of CRV by whales this week, with reports indicating a particular increase...
Metamask Updates Privacy Policy, Explains When It May Process Users’ IP Addresses
19.6.2024
Metamask, the popular Ethereum wallet, has updated its privacy policy. The update provides users with greater transparency and control over their personal data, specifically concerning IP address processing. According to the new policy, Metamask may temporarily process a user’s IP address...
Arkham Offers a $150,000 Bounty for the Identity of Alleged Donald Trump’s DJT Token Creator
19.6.2024
Arkham, a cryptocurrency analytics platform, has put a bounty of 100,000 ARKM, valued at $150,000, for information leading to the reveal of the creator of DJT, a Solana token linked to the former President and current Republican presidential candidate Donald Trump. While the token was issued with...
SEC Closes Ethereum 2.0 Investigation
19.6.2024
Consensys has announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0. This decision implies that the SEC will not allege that sales of ETH are securities transactions. The announcement follows a request from Consensys to the SEC...
Stand With Crypto Endorses 18 New House and Senate Candidates
19.6.2024
Stand With Crypto, a crypto and blockchain-focused political action committee (PAC), has decided to endorse 18 additional House and Senate candidates from both parties to get crypto-friendly allies to achieve positive results in the upcoming elections. Among the favored are Kirsten Gillibrand, Rick...
Ripple CEO: Pro-Crypto Stance Will Win Votes in Upcoming Elections
19.6.2024
Ripple CEO Brad Garlinghouse expressed his view on the political landscape in the U.S. regarding cryptocurrency regulation on social media platform X on Monday. “You’ll hear this a lot more in the next few months in the U.S. — candidates will only gain votes for being pro-crypto,...
Bank of America Predicts Bullish Trend for Silver, Prices to Hit $35/oz by 2026
18.6.2024
Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of $29.19/oz. This optimistic outlook is driven...
Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp
18.6.2024
The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions...