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Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down

20.6.2023
The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he "like[s] crypto" in December 2021

Billion Dollar Crypto Payments Firm Wyre to Shut Down Amid Market Conditions

20.6.2023
Crypto-based payments firm Wyre is shutting down its business, citing “market conditions” and a need to protect the interest of stakeholders and customers. The news of the shut-down came in the form of a tweet published on Friday, where the company stressed that the decision was purely...

Why is Cardano price down today?

19.6.2023
Cardano price is down today, continuing its decline for a fourth week in a row amid rate hike fears, SEC crackdown and a recovering U.S. dollar

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

19.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating...

Today in Crypto: IMF Will 'Pursue Relentlessly' CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

Crypto Payments Firm Wyre Shuts Down — Users Told to Remove Assets From Platform

18.6.2023
Wyre, the San Francisco-based crypto payments firm, has said it is winding down operations “in order to protect the best interests” of its users and stakeholders. The firm urged users with assets on its platform “to continue to withdraw them via Wyre’s dashboard until Friday, July...

Kenyan President Ruto Doubles Down on De-Dollarization Call — ‘We Just Want to Trade Much More Freely’

17.6.2023
Kenyan President William Ruto has repeated his call on African countries to consider ditching the U.S. dollar when settling cross-border trades. The Kenyan leader claimed that the African continent already has a mechanism that enables the seamless settling of transactions between traders. Further...

Blackrock Files for Bitcoin Trust — Analyst Calls It a ‘Real Deal’ Spot Bitcoin ETF Filing

17.6.2023
Blackrock, the world’s largest asset manager, has filed to register a bitcoin trust that some believe is actually a spot bitcoin exchange-traded fund (ETF) in disguise. Blackrock is seeking to launch a bitcoin product despite the U.S. Securities and Exchange Commission’s (SEC) efforts...

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

16.6.2023
According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion...

NFT activity is down over 90%; will DigiToads spark demand?

15.6.2023
The blockchain industry has recently seen a significant decline in the activity surrounding non-fungible tokens (NFTs). However, this narrative could be on the verge of a drastic change. This change could come from an unexpected corner of the crypto-sphere, embodied by an amphibian king of...

Ookie DAO is compelled to shut down shutters

14.6.2023
Ookie DAO was compelled to shut down its shutters and withdraw from all internet activity. This was due to the lawsuit that was duly filed against it by the CFTC. As per the allegations of the CFTC, they believe that the DAO was built to transfer the ownership of a non-compliant trading platform...

AWS went down in the US, but Ethereum kept humming

14.6.2023
Ethereum hummed along through the latest AWS outage but one commentator said its reliance on Lido for staking could cause issues in the future

NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains

13.6.2023
After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain. This...

Reddit Goes Down As Communities Protest Wildly Unpopular Changes [UPDATE]

12.6.2023
As we reported earlier in the month, Reddit, one of the most popular forums for gaming communities, is planning to make some changes under the hood that will essentially kill off every third-party app. Given the state of the official app and its heavy reliance on huge ads, it’s a deeply unpopular...

Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B

12.6.2023
The trading platform recently delisted three tokens that were classified as securities in the SEC's lawsuit against Coinbase and Binance

Cardano's worst week since May 2021 is over — Will ADA price rebound 40%?

12.6.2023
The price of Cardano lost 30% over the past week as it gets delisted from popular trading platforms such as Robinhood following the U.S. SEC intervention

European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok

11.6.2023
BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors....

Pepe fades out of relevance, & activity has dropped by 80%, but DigiToads gets started

10.6.2023
There’s a lot that has been keeping the crypto market abuzz, and on top of the list is the declining popularity of Pepe. Not too long ago, the meme coin was among the best cryptocurrency to buy in the market, but its bull run has finally ended. According to market reports, analysts see Pepe...

Biggest Movers: ADA, MATIC Plunge by Nearly 25%, Following Robinhood Delisting

10.6.2023
Cardano fell by over 25% on Saturday, as traders continued to react to the token being delisted from the Robinhood platform. The global cryptocurrency market cap is currently down by nearly 6%, following these developments. Polygon, which was also delisted, dropped to a one-year low to start...

Ooki DAO to shut down after 'precedent setting' court battle with CFTC

10.6.2023
The CFTC highlighted that “critically, in a precedent-setting decision” the Ooki DAO was held in court as “‘person’ under the Commodity Exchange Act.”