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Experts say latest SCOTUS opinions will limit SEC power over crypto
1.7.2024
The conservative members of the U.S. Supreme Court sided with two majority opinions that could have lasting implications for federal agencies to enforce laws
Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand
1.7.2024
Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including...
US Marshals Service Taps Coinbase for Digital Asset Management
1.7.2024
The U.S. Marshals Service (USMS) has chosen Coinbase Prime to safeguard and trade its “Class 1” (large cap) digital assets. This decision by a division of the U.S. Department of Justice comes after a thorough evaluation process. What This Means for Coinbase and the Crypto Industry This...
Tether and Uquid Partner for Social Security Payments in the Philippines
1.7.2024
The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid...
Coinbase will custody digital assets for US Marshals Service
1.7.2024
The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets
Gemini and Peter McCormack’s football club sign a 5-year Bitcoin sponsorship deal
1.7.2024
Gemini has announced a five-year sponsorship deal with Real Bedford, a football club co-owned by Peter McCormack. The objective is to support football’s success while enhancing children’s education opportunities. The sponsorship agreement includes an investment of $4.5 million in April...
Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains
1.7.2024
On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin...
Shiba Inu price eyes higher ground after massive token burn
1.7.2024
Shiba Inu ($SHIB) is up 1.10% in the last 24 hours; however, it could be an understatement. The token is poised to inch a lot higher in the days to come. This stems from the recent revelation by Shibburn wherein the tracker stated that over 900 million SHIB tokens were burnt in June 2024. This...
Fetch.ai (FET) and SingularityNET (AGIX) extend gains, forecasting great news for crypto AI sector
1.7.2024
In the fast-growing application of artificial intelligence in the world of crypto, crypto AI tokens Fetch.ai (FET), SingularityNET (AGIX), and RCO Finance (RCOF) have been trending as their prices rose in expectation of a significant event: the creation of the Artificial Superintelligence (ASI)...
Sony Aims to Relaunch Crypto Exchange WhaleFin
1.7.2024
In this post Japan’s Sony Group will officially onset into the crypto industry with a new exchange/ The new exchange will focus on user experience The Japanese tech behemoth Sony Group will restart a cryptocurrency exchange it acquired back in 2023. WhaleFin, a Japanese crypto exchange...
Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance
1.7.2024
Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward...
Crypto whales dump Ethereum (ETH) to go all in on Blur (BLUR) and ETFSwap (ETFS)
1.7.2024
With major crypto assets currently experiencing a price downturn, Ethereum (ETH) has fallen below its major resistance level of $3,450 to trade at the $3,390 level as of writing. Consequently, crypto whales are dumping ETH to go all in on the ETFSwap (ETFS) ecosystem and BLUR. ETFSwap (ETFS)...
Arbitrum, Optimism in 2024: Rising transactions, falling values—why?
1.7.2024
In the ever-evolving crypto space, two Layer-2 Ethereum solutions to scale, Arbitrum (ARB) and Optimism (OP), have witnessed significant fluctuations in their transaction activities and fiscal performances thus far this year. However, despite a surge in transaction traffic within their ecosystems...
Charles Hoskinson shares concern about the ongoing AI Censorship trend
1.7.2024
Charles Hoskinson recently discussed a prevalent trend in AI and its implications. The Cardano founder believes that censorship is defeating AI’s purpose. In a recent X post, Hoskinson stated how AI censorship depletes its utility. AI is losing value because of alignment training. This means that...
Crypto hacks down by 54.2% in June, $176M lost in a month
1.7.2024
In 2024, May was the biggest month in terms of crypto losses and suffered nearly $385 million in net losses from crypto hacks
Sony subsidiary rebrands to S.BLOX, expands crypto trading
1.7.2024
S.BLOX aims to enhance WhaleFin’s user interface and features, reflecting Sony Group's growing crypto ambitions
Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation
1.7.2024
Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The blockchain and crypto industry is still...
Gamestop Whale Roaring Kitty Sued for Securities Fraud
1.7.2024
Keith Patrick Gill, also known as “Roaring Kitty,” an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, orchestrated a pump-and-dump scheme...
Blackrock’s Bitcoin ETF Starts Trading in Chilean Stock Exchange
1.7.2024
Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commission (SEC) will now allow Chilean investors...
Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms
1.7.2024
In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several...