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Exclusive: Mike Flood is shaking up Congress over cryptocurrency
26.6.2024
Mike Flood, a second-term lawmaker from Nebraska, has played central casting in the effort to make Congress move on crypto policy
Digital Euro Holding Limit: Debate Continues
26.6.2024
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal amount could be in the range of 1,500 to 2,500...
White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
25.6.2024
The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S....
Bitcoin price sees oversold bounce to $62K but will it hold?
25.6.2024
Bitcoin price snaps back above $62,000, but technical traders are unsure whether the BTC downtrend is over
Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand
25.6.2024
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand...
Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals
25.6.2024
According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin...
From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin
25.6.2024
According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was directed to the centralized cryptocurrency exchanges Kraken and Coinbase. Bitcoin Wallet Linked to German Police...
Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday
25.6.2024
At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC...
FTX Seeks Creditor Votes as Customers Object Repayment Plan
25.6.2024
Controversy and FTX, the defunct cryptocurrency exchange, have become two sides of the same coin since the course of its infamous bankruptcy claim. FTX is back in the headlines due to creditors’ dissension over the repayment plan set up by the exchange. According to a Reuters report, FTX...
Bybit surpasses Coinbase in market share after Binance's decline
25.6.2024
Bybit became the world’s second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues
Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market
25.6.2024
After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term...
No, Hamster Kombat is not illegal in Uzbekistan
25.6.2024
Uzbekistan authorities have not banned the Hamster Kombat game but warned against possible risks of withdrawing its tokens in the future
FBI Warns of Fake Firms Promising to Recover Lost Cryptocurrencies
25.6.2024
The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial...
German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken
25.6.2024
The added selling pressure from the German government could tank Bitcoin price below the key $60,000 mark
Former Soccer Star Ronaldinho: Time for Crypto to Go Mainstream
25.6.2024
In a now-deleted message posted on June 23 on X, former Brazilian soccer superstar Ronaldo de Assis Moreira, known as Ronaldinho, declared his support for crypto, stressing that it was time for this industry to reach more people. Ronaldinho stated: “Time for crypto to go mainstream, who’s...
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge
25.6.2024
Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of...
Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm
25.6.2024
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot...
Iran Officially Unveils Central Bank Digital Currency Project
25.6.2024
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline...
AI tokens rally as NVIDIA slumps 13% from market cap peak
25.6.2024
Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking
Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and Biden
25.6.2024
Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However...