Author: Chris Smith
Market Update July 3
Reading Time: < 1 minuteThe crypto market is seeing a subdued day on July 3, 2024. The overall market cap sits at $2.24 trillion.
Standard Chartered: Bitcoin Will Reach a Record Level Next Month
Reading Time: < 1 minuteAccording to Standard Chartered’s head of forex and digital assets research, Geoffrey Kendrick, the price of Bitcoin may reach a new record high in August and could potentially hit $100,000 by the time of the US presidential election in November.
Ethereum Set to Outperform Bitcoin After ETH-based ETFs Start Trading: Report
Reading Time: < 1 minuteAccording to analysts at K33 Research, the upcoming launch of Ether exchange-traded funds (ETFs) in the United States could lead to the cryptocurrency outperforming Bitcoin in the weeks to come.
Market Update July 2
Reading Time: < 1 minuteThis morning, the crypto market displayed mixed signals, with Bitcoin experiencing a slight decline while some altcoins saw moderate increases.
Bahamas Will Require Banks to Support its CBDC
Reading Time: < 1 minuteThe Bahamas government is taking steps to boost the use of its “Sand Dollar” central bank digital currency (CBDC) by introducing a new law that will require commercial banks to support it.
Philippines Adds USDT As Payment Method for Social Security Payments
Reading Time: < 1 minuteTether has announced a new option for citizens of the Philippines to pay their Social Security System (SSS) contributions using USDT.
Internal Revenue Service Releases Latest Broker Rule Guidance
Reading Time: < 1 minuteOn Friday, the Internal Revenue Service (IRS) released the latest version of its controversial guidance on the “broker rule.”
SEC Sues Consensys
Reading Time: < 1 minuteIn a complaint filed on Friday in the U.S. District Court in the Eastern District of New York, the U.S. Securities and Exchange Commission accused Consensys of violating the law by not registering as a broker for its MetaMask swaps service and its staking service.
Coinbase Teams Up with Stripe
Reading Time: < 1 minuteA partnership has been formed between the cryptocurrency exchange leader Coinbase and the payment company Stripe.
Animoca Brands to Go Public in 2025
Reading Time: < 1 minuteAccording to Yat Siu, the chairman of Hong Kong-based gaming and metaverse company Animoca Brands, the company is considering going public sometime next year.
Worldcoin Plans to Build a Blockchain Infrastructure
Reading Time: < 1 minuteAlchemy and Worldcoin have joined forces to build the necessary infrastructure for the World Chain ecosystem.
South Korea-based Crypto Firm Hashed to Expand to Abu Dhabi
Reading Time: < 1 minuteSeoul-based crypto venture capital firm Hashed Ventures has recently partnered with Hub71, a technology ecosystem in Abu Dhabi, and plans to open a local office in the UAE.
German Government Transfers $24M in Bitcoin to Major Crypto Exchanges
Reading Time: < 1 minutea wallet linked to the German Federal Criminal Police Office (BKA) has recently transferred $24 million in Bitcoin.
VanEck Will Waive Fees for its Ethereum ETF
Reading Time: < 1 minuteAccording to a recent statement by Matthew Sigel, the head of digital assets research at VanEck, the company is planning to waive fees for its potential Ethereum exchange-traded fund to remain competitive.
Tether to Stop Minting USDT on Algorand and EOS Blockchains
Reading Time: < 1 minuteTether has announced its decision to stop producing the USDT token on the Algorand and EOS blockchains.
Bitcoin ETFs Lose $1.3B in 2 Weeks
Reading Time: < 1 minuteDuring the past two weeks, outflows from United States-based Bitcoin exchange-traded funds (ETFs) have reached a total of $1.3 billion due to the declining price of Bitcoin.
Standard Chartered to Launch a Spot Bitcoin and Ether Trading Desk
Reading Time: < 1 minuteStandard Chartered is venturing into the buying and selling of Bitcoin and Ether through the establishment of a spot trading desk.
Japanese Firm Metaplanet to Sell 1B Bonds to Acquire Additional Bitcoins
Reading Time: < 1 minuteMetaplanet Inc., a Tokyo-based investment and consulting firm, has announced plans to issue 1 billion yen ($6.26 million) worth of bonds to fund the purchase of Bitcoin.
3iq Files Application to Launch a Solana ETP in Canada
Reading Time: < 1 minute3iQ is seeking approval to launch the first Solana exchange-traded product (ETP) in Canada.
US Judge Greenlights a Lawsuit Against Ripple Labs in California
Reading Time: < 1 minuteA judge in a United States federal court has approved a lawsuit against Ripple Labs alleging their CEO violated California securities laws.
India Imposes $2 Million Fine in Binance
Reading Time: < 1 minuteBinance has been fined around $2.2 million (equivalent to 18.82 crore INR) by India’s anti-money laundering unit for not following the country’s laws on preventing money laundering.
The Central Bank of Iran Will Launch a Public CBDC Pilot This Month
Reading Time: < 1 minuteThe Central Bank of Iran (CBI) is initiating a public pilot for a national digital currency, focused on domestic micropayments.
Transak Launches a Fiat-to-crypto Onramp for PayPal USD
Reading Time: < 1 minuteTransak has introduced a way for users to convert PayPal USD into crypto through fiat-to-crypto onramp, with the goal of making digital asset payments more mainstream.
T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin
Reading Time: < 1 minuteTelecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.
MicroStrategy Increases Convertible Note Offering to $700M
Reading Time: < 1 minuteTech company MicroStrategy has increased its convertible note offering by 40% to $700 million and has set a 2.25% annual yield.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc