Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
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.
USDT’a Market Caps Reaches New High
Reading Time: < 1 minute
The total market value of Tether (USDT) has reached a new record at $83.4 billion, surpassing its previous record from May 2022 of $83.2 billion.
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.
TON Foundation Makes Proposal to Burn Half of Network Fees
Reading Time: < 1 minute The TON Foundation has put forward a proposal to introduce a burn mechanism on the TON network, aiming to destroy 50% of all transaction fees.
dWallet Labs Finds $500M Vulnerability in TRON Multisig Accounts
Reading Time: < 1 minute Cybersecurity team 0d from dWallet Labs has recently identified a critical multi-signature vulnerability in the Tron network that has affected approximately $500 million in assets.
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.
Ede Finance Developers Confess Price Manipulation as a Result of Hack
Reading Time: < 1 minute The project team admitted to their manipulation and promised to return the stolen funds to the hacker, minus 10%.
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.
Trading Volume on Exchange Minswap Rises to Record High Due to Meme Coins
Reading Time: < 1 minute Daily trading volume on the Cardano-based decentralized exchange Minswap spiked to $20.93 million in late May, up from around $1-2 million previously.
ExCoinbase Employee to Cooperate in Future SEC Investigations
Reading Time: < 1 minute Ishan Wahi, a former Coinbase employee, has reached a settlement with the US Securities and Exchange Commission (SEC) over insider trading charges related to the front-running of token listings.
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.
$500 Million at Risk Due to Tron Vulnerability
Reading Time: < 1 minute The cybersecurity research team 0d at dWallet Labs identified a critical vulnerability on the Tron blockchain network that threatened $500 million, and the issue was quickly and effectively resolved.
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.
USDC Dominance Index Falls to 23% in a Year
Reading Time: < 1 minute USDC’s dominance plummeted from 34.88% to 23.05% over the 12-month period.
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.
Former Greek Finance Minister: Banking Sector is “Fairly” Afraid of CBDCs
Reading Time: < 1 minute Economist and former Greek Finance Minister Janis Varoufakis has observed that banks in the US, such as JPMorgan, are fearful of the potential implications of central bank digital currency (CBDC) on their businesses.
Norway to Develop its Own Digital Currency Market Regulation Model
Reading Time: < 1 minute The Bank of Norway released last week a report focusing on the advancement of the state’s monetary system.
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.
JPMorgan: Bitcoin Will Hit $45,000
Reading Time: < 1 minute Analysts at JPMorgan Chase concluded that a troy ounce of gold currently valued at $2,000 is equal to $45,000 in Bitcoin.
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.
Sam Altman’s Worldcoin Attracts $115M
Reading Time: < 1 minute Tools for Humanity has recently raised $115 million in a Series C funding round.
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.
Binance Launches NFT Loans on its Marketplace
Reading Time: < 1 minute The NFT marketplace of cryptocurrency exchange Binance has just added the possibility of borrowing cryptocurrencies using NFTs as collateral.
