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Altcoins signal buy after taking it ‘on the chin’ since March
14.6.2024
The altcoin crypto market may present “some opportunities” for investors after “taking it on the chin” the last four months
Trader claims to lose $310K on dodgy exchange pitched in LinkedIn request
14.6.2024
The investor said they learned about the exchange from a “random friend request on LinkedIn.”
Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round
14.6.2024
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used...
Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto
14.6.2024
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The...
Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court
14.6.2024
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits...
Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds
14.6.2024
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed...
US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions
14.6.2024
U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires U.S. taxpayers to report crypto transactions...
Swiss regulator forces crypto-friendly FlowBank into bankruptcy
14.6.2024
The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance
Coinbase CEO Engages US Senators to Push Clear Crypto Regulations
13.6.2024
Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the cryptocurrency industry and enhancing consumer...
Taiwan establishes association to help crypto firms self regulate
13.6.2024
The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison
Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects
13.6.2024
On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia...
Paradigm raises $850M for third crypto fund
13.6.2024
Paradigm has been discussing its new crypto fund for the past few months as markets rebounded
Curve founder repays 93% of $10M bad debt stemming from liquidation
13.6.2024
The DeFi protocol's native token plunged by 28% in a single day due to liquidations stemming from a hack attempt
Solana Labs Launches Bond, a Blockchain Digital Customer Engagement Platform
13.6.2024
Solana Labs announced the launch of Bond, a platform that uses blockchain and cryptocurrency structures to establish links between brands and their customers. Bond will offer different features, including digital collectives, authentication of luxury goods, and digital passports for products,...
Okx Acknowledges Security Incident Involving Judicial Documents Forgery
13.6.2024
Okx, a Seychelles-based cryptocurrency exchange, clarified the information regarding a recent security incident that allowed unidentified criminals to take control of the accounts of a few customers, draining these. In a statement, Okx stressed that a third party had forged judicial documents...
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
13.6.2024
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining...
Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market
13.6.2024
SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer
Crypto for Advisors: Advisors and Crypto
13.6.2024
In today's Crypto for Advisors newsletter, Adam Blumberg shares the key highlights and trends from the recent FA/RIA at the Consensus 2024 conference
Fortune 100 companies set record high in blockchain and crypto initiatives in Q1 2024
13.6.2024
Fortune 100 companies have stepped up their involvement in cryptocurrency, blockchain, and web3 initiatives by 39% from the corresponding period of last year in the first three months of 2024. This increase signifies a new record in corporate participation that enhances these advanced technologies....
Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process
13.6.2024
FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”