Venezuela promotes a new payment system to enhance de-dollarization
The government of Venezuela has recently announced its integration of Mir, a Russian payments system, into its point-of-sale network as part of a national de-dollarization initiative initiated by President Nicolas Maduro. This move aims to reduce reliance on the U.S. dollar and circumvent the economic sanctions imposed on the country. Calixto Ortega, the president of […]
ECB executive predicts a dark future for cryptocurrencies
In a recent address at the Bank for International Settlements Annual Conference, Fabio Panetta, an executive board member of the European Central Bank (ECB), painted a somber picture of the future of cryptocurrencies. Panetta suggested that digital assets might find themselves relegated to mere instruments of gambling among investors, lacking the attributes necessary to be […]
Binance Brazil faces probe as parliament asks its director to testify
Congressman Alfredo Gaspar, a member of the Parliamentary Commission of Inquiry (CPI) on Financial Pyramids, has formally requested the summoning of Guilherme Haddad, the Director of Binance Brazil, to appear before the Brazilian parliament. The inquiry aims to investigate alleged pyramid schemes operating in the country. Gaspar’s request, published on Wednesday, June 21, awaits the […]
PSG Coin Price Prediction 2023-2032: How high can the PSG Price Rise?
PSG Coin Price Prediction 2023-2032 The Paris Saint – Germain Fan Token (PSG) is a token with robust utility that allows Paris Saint-Germain Football Club supporters (“Paris Saint – Germain “) to have a tokenized portion of power on club operations via the Socios platform and software. The token functions as a participation key, allowing […]
Ava Labs launches AvaGPT on its platform
Ava Labs, the company behind the Avalanche network, has unveiled AvaGPT, a new addition to the growing number of blockchain companies adopting OpenAI’s ChatGPT technology. This move aims to provide quick answers to general questions from Avalanche users while still allowing access to the support team. Ava Labs enters collaboration with Kapa AI AvaGPT was […]
BlackRock’s spot Bitcoin ETF filing sparks optimism
The race for spot Bitcoin exchange-traded funds (ETFs) has intensified as two investment firms recently filed applications, following BlackRock’s move to seek approval for its spot Bitcoin ETF on June 15. BlackRock leads other firms in filing their spot Bitcoin ETF application WisdomTree, an asset management fund based in New York, is the latest firm […]
Elon Musk’s legal team undergoes changes amid market manipulation lawsuit
In a recent development, it has been revealed that Tesla’s founder and CEO, Elon Musk, has experienced a change in his in-house legal team. According to a document filed in federal court, one of the company’s leading litigators, Adam Gabor Mehes, has motioned to withdraw counsel in Musk’s $258 billion lawsuit relating to an alleged […]
Bitcoin dominance jumps above 50% as market cap enters $1.1 trillion
Bitcoin, the leading cryptocurrency, has crossed a significant milestone as its dominance in the overall crypto market cap exceeded 50%. According to TradingView data, on June 19 at 6 pm UTC, The asset’s dominance reached just above 50%, settling at 49.9% at the time of publication. This means that the asset alone accounts for half […]
Bank of France governor backs the regulation of crypto conglomerates
In a speech delivered at the Vivatech technology conference in Paris, Francois Villeroy de Galhau, the Governor of the Bank of France, emphasized the necessity of international collaboration to regulate crypto conglomerates. The Bank of France Governor stressed that it is insufficient to regulate individual entities within a single jurisdiction, using U.S. crypto companies as […]
CryptoPunks NFT symbolically tied to Ordinals Inscription
In a striking and symbolic move, a valuable Ethereum-based non-fungible token (NFT) from one of Web3’s prominent PFP (Profile Picture) collections, CryptoPunks, has been permanently removed from circulation and linked to an Ordinals inscription on the Bitcoin network. The burning of CryptoPunk #8611, which was sold for approximately 55 Ethereum or $95,000, garnered attention as […]
Coinbase seeks clarity amid an ongoing legal battle with SEC
In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. […]
Elon Musk denies mystery DOGE cache amid lawsuit
Billionaire entrepreneur Elon Musk has refuted claims of owning Dogecoin (DOGE) wallets amid an ongoing class action lawsuit that accuses him of market manipulation and securities fraud related to the meme-based cryptocurrency. Elon Musk denies involvement in market manipulation The lawsuit, amounting to $258 billion, alleges that Musk was involved in a Dogecoin pyramid scheme. […]
Nike teases the launch of its NFT sneakers on Fortnite
Nike, the renowned footwear and apparel giant, has recently hinted at an upcoming release of a collection of sneaker non-fungible tokens (NFTs) within the immensely popular online game Fortnite, developed by Epic Games. This move has the potential to be a significant milestone in the adoption of Web3 technology among traditional gamers, considering Fortnite’s massive […]
Binance inks metaverse collaboration with The Weeknd
Cryptocurrency exchange giant Binance and pop artist The Weeknd have joined forces to introduce a unique online space called the “Metaverse Dimension,” as part of their ongoing collaboration. This new venture aims to offer users an immersive experience, combining elements of gaming, art, and exclusive rewards, and bringing The Weeknd’s creative world to life in […]
Weekly Crypto Price Analysis: BTC, ETH, BNB, ADA, XRP, And SOL
Weekly crypto analysis for 17th June 2023 reveals that most of the cryptocurrencies in the past week have been trading in range-bound action. Though BTC has observed a slight pullback, with the bulls and bears battling near the 25,000 mark. Even BlackRock’s filing for a Bitcoin spot exchange-traded fund failed to lift prices, which worries […]
Texas regulator accuses lending firm Abra of committing fraud
In recent developments, Abra, a prominent crypto lending firm, has come under scrutiny as Texas regulators accuse the company of securities fraud and claim it has been insolvent since March 31. The Texas State Securities Board issued an emergency cease and desist order against Abra and its founder, William Barhydt, while alleging deceptive practices related […]
Treasury official proposes privacy feature for CBDCs
The design of a potential digital dollar should take into account privacy and the ability to transact anonymously, according to a United States Treasury official. Graham Steele, the Assistant Secretary for Financial Institutions at the Treasury Department, emphasized this point during a recent conference focused on payments in Texas. He addressed the Federal Reserve’s FedNow […]
ICP price analysis: ICP maintains bullish momentum at $3.995
ICP price analysis on June 14, 2023, revealed a prominent bullish trend, suggesting a favorable trajectory for the cryptocurrency due to advantageous momentum within the market. During a series of hours, ICP exhibited consistent and elevated price levels, followed by an abrupt surge from $3.595 to $4.017. Furthermore, there were discernible indications of continued growth […]
Ankr Price Prediction 2023-2032: Will the ANKR price go up?
Ankr Price Prediction 2023-2032 As the internet matures, decentralized systems provide new possibilities for businesses to outsource specific processes. ANKR is one such platform seeking to profit from the growing field of cloud computing blockchain nodes and provides a way for firms to reward themselves. Look at this Ankr Price Prediction to see the potential […]
Gary Gensler’s old video on digital assets resurfaces
A recently circulated video featuring Gary Gensler, the current chair of the United States Securities and Exchange Commission (SEC), has sparked discussions within the crypto community. The video, believed to be from a 2018 event hosted by Bloomberg, shows Gensler stating that several cryptocurrencies are “not securities.” Gary Gensler says BTC and ETH are not […]
ICP price analysis: ICP shows bullish potential at $3.891
ICP price analysis on June 13, 2023, an analysis of the price of Internet Computer (ICP) indicated a noticeable bullish trend, implying an upward trajectory for the cryptocurrency as a result of favorable momentum in the market. Over the span of several hours, the price of ICP demonstrated consistently high levels and experienced a sudden […]
Monero price analysis: XMR recovers $140, can the bulls continue the motion?
TL;DR Breakdown The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $140.00 level and seems to be recovering further. The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative […]
VeChain price analysis: VET gradually enters bullish trend at $0.0157
VeChain price analysis shows that the price of VET/USD has followed a strong upwards trend in the last 24 hours. The price of VeChain has exhibited a consistent upward trajectory, demonstrating significant growth and approaching the critical threshold of $0.016. The prevailing market sentiment is optimistic, as VeChain exhibits a favorable upward trend. Over the preceding […]
Former SEC chair discusses crypto regulation amid crackdown
Jay Clayton, the former boss of the U.S. Securities and Exchange Commission (SEC), has shared his insights on the agency’s recent enforcement actions against cryptocurrency exchanges. During a joint panel discussion with Dan Morehead, founder of Pantera Capital, the former SEC chair expressed his support for the SEC while also suggesting alternative approaches to enforcement. […]
Ava Labs launches Arcad3 to help gaming companies enter the Web3 space
Ava Labs, the crypto firm supporting the Avalanche blockchain, has introduced Avalanche Arcad3, a collaborative program aimed at traditional game developers seeking to explore blockchain game integrations. The initiative has already garnered early partnerships with Japanese metaverse and entertainment companies Gree and Gumi, both of whom are eager to delve into blockchain gaming through the […]
SEC crackdown causes ALGO and FLOW to hit all-time lows
The recent enforcement actions taken by the U.S. Securities and Exchange Commission (SEC) against leading cryptocurrency exchanges have had a significant impact on the market. Alongside the actions, the agency also identified several cryptocurrencies, including Algorand (ALGO) and Flow (FLOW), as unregistered securities, resulting in a sharp drop in their value. Other prominent altcoins such […]
MATIC tokens worth millions were moved before its massive drop
Amidst a notable price drop, blockchain data reveals that key market makers, Jump Trading and Cumberland, sent millions of dollars worth of Polygon (MATIC) to various crypto exchanges on Friday night. Analytics firm Lookonchain reported the transactions, stating that Cumberland deposited 9 million MATIC, valued at over $6.3 million, to Binance, and 5 million MATIC, […]
Blockchain tokens experience decline amid SEC lawsuit
In the past 24 hours, tokens of major blockchain networks have witnessed a substantial slide of over 20%. This decline comes in the wake of recent allegations that 13 tokens are securities, as filed by the U.S. Securities and Exchange Commission (SEC) in a lawsuit against popular crypto exchanges Binance and Coinbase. Blockchain tokens experience […]
Strike announces transition to its in-house crypto custody
Strike, a prominent digital payments company, has announced that it has completed the migration of all customer assets, including bitcoin (BTC) and U.S. dollars (USD), to its in-house infrastructure. The move, which has been in progress for two years, is aimed at reducing counterparty risk and enhancing the performance and reliability of Strike’s products and […]
VeChain price analysis: VET obtains positive momentum at $0.0157
VeChain price analysis shows that the price of VET/USD has followed a strong upwards trend in the last 24 hours. The price has maintained an upward trajectory, experiencing substantial growth and coming close to reaching the $0.016 threshold. The market sentiment is optimistic, with the cryptocurrency displaying an upward trend. Over the past 48 hours, the […]
Monero price analysis: XMR trades at $136, as bulls struggle to climb past $137.00
TL;DR Breakdown The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $138.00 level and seems to be recovering further. The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative […]
SEC lawsuits cause $4 billion exodus from affected exchanges
U.S. Securities and Exchange Commission (SEC) lawsuits against cryptocurrency exchanges Binance, Binance.US, and Coinbase have triggered a significant outflow of approximately $4 billion in deposits, as reported by blockchain data. SEC lawsuit causes $4 billion in outflows Data from blockchain analytics firms Nansen and Glassnode reveal that between Monday and Thursday, the three exchanges collectively […]
Bitget registers influx of Latam users amid SEC’s regulatory clampdown
In the wake of legal actions taken against major cryptocurrency exchanges Binance and Coinbase by United States regulators, Bitget, a prominent crypto exchange, has experienced a significant increase in new accounts from Latin America. This surge in user sign-ups has been particularly notable in Brazil and Argentina, leading to substantial market share growth for Bitget […]
Minecraft still yet to implement planned ban on NFTs
In July 2022, the announcement that Minecraft intended to ban the use of NFTs (non-fungible tokens) on player-run servers caused a significant stir in the Web3 community. However, nearly a year later, the anticipated action is yet to be enforced, though it remains on the horizon. Minecraft says the decision is awaiting confirmation Mojang, the […]
BNB recorded millions in sell orders before SEC lawsuit
In the world of trading, timing can make or break an investment strategy. Recent data indicates that some traders successfully executed well-timed sell orders for Binance Coin (BNB) tokens just before the U.S. Securities and Exchange Commission (SEC) unleashed a massive crackdown on crypto exchange Binance on June 5. BNB sell orders were more than […]
Monero price analysis: bulls defend $135 as the price recovers towards $145
TL;DR Breakdown The Monero price analysis shows that the XMR price action has found support at the $135.00 mark. Currently, the price action has risen to the $138.00 level and seems to be recovering further. The broader cryptocurrency market observed a negative market sentiment over the last 24 hours as most major cryptocurrencies recorded negative […]
Defi volumes surge following SEC lawsuit against centralized exchanges
The volumes on Defi has been on the rise over the last few days following a series of events involving centralized exchanges. In recent developments, the United States Securities and Exchange Commission (SEC) has been making headlines with its lawsuits against prominent centralized crypto exchanges such as Binance.US and Coinbase. However, it is important to […]
OECD proposes new tax standards for crypto worldwide
The Organization for Economic Cooperation and Development (OECD) has introduced a new tax standard specifically targeting cryptocurrencies. As an international organization focused on creating guidelines for various global issues, the OECD’s standards are not mandatory but serve as a reference for regulators shaping domestic and international policies. OECD wants a uniform tax rate A framework […]
VeChain price analysis: VET crashes at $0.0149
VeChain price analysis reveals that there has been a persistent downward trend in the VET/USD pair over the past 24 hours. The price has exhibited a contrasting movement, undergoing a significant decrease after initially being valued at $0.054. Between June 9th and June 10th, 2023, the price experienced a substantial crash, leading to a depreciation […]
NEAR Protocol price analysis: NEAR falls to $1.20, as the $1.40 support level crumbles
TL;DR Breakdown The NEAR Protocol price analysis shows that the NEAR price action has crumbled to the $1.20 mark after the bulls failed to maintain support at the $1.40 price level. Currently, the price action has fallen to the $1.20 level and seems to be moving further down. The broader cryptocurrency market observed a negative […]
