Author: Tony Pearce
Bloomberg Strategist: BTC Will Go Through Difficult Period
Reading Time: < 1 minute Mike McGlone, a Bloomberg strategist, has cautioned that June 2023 will be a challenging period for bitcoin.
Bitcoin’s Volatility is Tower than Meta and Amazon Stocks
Reading Time: < 1 minute The yearly volatility of Bitcoin has dropped from its all-time average of 71% to 32% on the 30D-MA.
SEC Sues Crypto Exchange Binance
Reading Time: < 1 minute The US Securities and Exchange Commission instituted a lawsuit against the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao.
Sui Network Becames Partner of Red Bull Formula 1 Team
Reading Time: < 1 minute Sui Network, a Tier 1 blockchain developer, has recently announced a “multi-year partnership” with Formula 1 racing team Red Bull.
Binance Will Delist Anonymous Tokens in Several European Countries
Reading Time: < 1 minute On June 26, Binance will delist 12 privacy coins in France, Italy, Poland and Spain. The platform sent email notifications to users from these countries.
Bitcoin Lost 8% of its Value Last Month
Reading Time: < 1 minute Bitcoin experienced a loss of 8% in May, marking a decrease of 64% from the beginning of the year.
Bybit Leaves the Canadian Market
Reading Time: < 1 minute Bybit has made the difficult decision to stop providing its services and products in the Canadian market.
Tenet and LayerZero Team Up to Enhance Omnichain Adoption of LSDs
Reading Time: < 1 minute Tenet has just entered into a partnership with blockchain messaging protocol LayerZero.
Genesis and Crypto Exchange Gemini Dispute SEC Lawsuit Against Joint Earn Program
Reading Time: < 1 minute Genesis Global Holdco and Gemini have filed a motion to dismiss the SEC lawsuit against their joint Earn program.
EU: Companies Must Disclose Regulatory Status of Cryptocurrencies
Reading Time: < 1 minute The ESMA has recently reminded investment firms to lay out the regulatory status of their products, specifically emphasizing digital assets, amid the pending adoption of applicable laws.
Binance Freezes $4.4M in Crypto at Request of US Authorities
Reading Time: < 1 minute US and other authorities have imposed sanctions against the Lazarus group, the most extensive cybercrime organization.
Ripple Says it Bought Bitstamp to Diversify its Business
Reading Time: < 1 minute Monica Long, the president of fintech company Ripple, has stated that the acquisition of a stake in crypto exchange Bitstamp will assist in Ripple’s expansion of its global presence and venturing beyond payments.
Synthetix Founder Proposes 12 Suggestions to Improve Project
Reading Time: < 1 minute Kain Warwick, the founder of the Synthetix DeFi platform, has proposed twelve new suggestions in his blog to bring the project to the next level of development.
Core Scientific Asks Court to Extend Restructuring Until September
Reading Time: < 1 minute Core Scientific has submitted a revised plan of reorganization for approval to the bankruptcy court, scheduled through to September 20 2023.
ARK Invest: The US Will Lose Leading Position in Crypto Industry
Reading Time: < 1 minute The United States is at risk of losing its leading position in the cryptocurrency industry to the likes of the UAE, South Korea, Australia and Switzerland.
Robert Kiyosaki Recommends Buying BTC and Gold
Reading Time: < 1 minute Robert Kiyosaki has shared his plans for further investments in gold and Bitcoin, citing them as the safest assets to hold amid an approaching global economic crisis.
STEPN Adds Apple Pay Payments
Reading Time: < 1 minute The developers of the M2E project STEPN have added the possibility of direct Apple Pay payment for users of iOS devices when purchasing NFT Sneakers.
US Senator Cynthia Lummis Is Against Imposing Taxes on Crypto Miners
Reading Time: < 1 minute Cynthia Lummis, a Republican Senator, has spoken out against the proposed cryptocurrency mining tax proposed by the Joe Biden administration.
BitDAO to Merge with Mantle and Rebrand Itself
Reading Time: < 1 minute BitDAO has announced a merger with the L2 project Mantle Network.
Binance Australia Halts Australian Dollar Deposits
Reading Time: < 1 minute The Australian division of Binance has suspended deposits in local dollars due to an issue with its payment provider, the PayID AUD instant bank transfer service.
Eco-miner Soluna Attracts $14M in Latest Funding Round
Reading Time: < 1 minute Soluna Holdings, a green data center provider for mining, has raised $14 million in investment from Navitas Global, according to a press release.
Cryptocurrency Exchange OKX to Add Support for BTC’s Ordinals
Reading Time: < 1 minute Over the next two weeks, OKX will be introducing new features that will enable customers to buy, sell, and trade Ordinals and BRC-20 tokens through a crypto exchange wallet.
Bitcoin Startup River Financial Attracts $35M in Funding Round
Reading Time: < 1 minute River Financial, a Bitcoin-focused startup based in Columbus, Ohio, has raised $35M in a Series B funding round led by Kingsway Capital.
North Korean Hackers Steal $720M in Digital Assets from Japanese Investors
Reading Time: < 1 minute Japanese investors were among those who were most affected by the North Korean hackers, having lost over $720 million of virtual currencies since 2017.
Changpeng Zhao Plans to Reduce its Control Over Binance.US
Reading Time: < 1 minute Binance.US and founder Changpeng Zhao are seeking to reduce Zhao’s stake in the platform due to tight scrutiny from US regulators.
