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TON Foundation Announces Plans to Widen Access to USDT on Ton
8.6.2024
The TON Foundation has announced a partnership with Tether to broaden the access of global crypto communities to USDT on the TON blockchain. The foundation has outlined plans to integrate TON-based USDT into at least a hundred exchanges and payment processors in both established and emerging...
70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
8.6.2024
A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they...
New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants
8.6.2024
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly...
South African Police Nab Alleged Mastermind of Metaverse Ponzi Scheme
8.6.2024
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant,...
Vitalik Buterin Criticizes Celebrity Crypto Projects — Offers Blueprint for Respectable Ventures
7.6.2024
Ethereum co-founder Vitalik Buterin has expressed his dissatisfaction with the current wave of celebrity crypto projects, emphasizing their lack of meaningful societal contributions. He highlighted projects like Stoner Cats, which actually fund real initiatives, as more commendable. Buterin also...
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
7.6.2024
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving
Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million
7.6.2024
Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals...
Bitcoin Dips Below $70K, Reaches $68,450 Low, $86M in BTC Longs Liquidated
7.6.2024
The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy Wipes Out $454M in Longs Bitcoin (BTC) plummeted to...
US Authority Seizes 70 Crypto Scam Sites Targeting Russian Community
7.6.2024
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam...
Are Bitcoin traders losing hope? Top traders' metric hits two-week low
7.6.2024
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk?
Big Friday Crypto Selloff Pulls Bitcoin Below $70K
7.6.2024
Ideas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto
European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead
7.6.2024
The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend...
Bitcoin whales accumulate BTC worth a billion dollar
7.6.2024
Bitcoin ($BTC) has breached the milestone of $70,000. When writing this article, it is way above $71,000, exchanging hands at $71,156.02. This reflects a growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it is a surge of 11.97% in a single month. Many factors are painting...
Bitcoin network transaction fees temporarily soar to nearly $52
7.6.2024
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning
Ethereum ETFs remain behind spot Bitcoin items
7.6.2024
Although the Ethereum ETFs have received consent, they remain behind spot Bitcoin items, awaiting their formal registration. In this matter, the top financial institutions such as BlackRock and Fidelity are waiting to get the consent from the Securities and Exchange Commission (SEC) for registering...
Semler Scientific makes another substantial purchase of Bitcoin
7.6.2024
Semler Scientific, a medical manufacturer, has made another substantial acquisition of Bitcoin, valued at $17 million. There is a high likelihood that the company will make additional purchases. For the fresh purchase, the company intends to acquire $15 million in funding. On June 6, Semler...
Crypto Exchange Bybit Announces Trading Support for Overseas Chinese
7.6.2024
Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny. “This move is in response to the growing demand...
Bitcoin ETF flows will send BTC price into ' parabolic run,' traders say
7.6.2024
BTC price remains steady above $69,000; analysts say increased spot Bitcoin inflows could take the price higher
Penguiana’s $PENGU Token Soars Following CoinMarketCap Listing, Preparing for Exciting GUIANA NFT Mint
7.6.2024
PRESS RELEASE. Penguiana, the penguin-themed meme coin on the Solana blockchain, with an upcoming play to earn game has witnessed a staggering 70% surge in its market valuation after its recent listing on CoinMarketCap. This significant achievement underscores growing investor confidence and marks...
Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years
7.6.2024
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this...