President of Jump Crypto steps down
Kanav Kariya announced his resignation amid reports of a pending investigation into Jump Crypto’s activities and several incidents dating back to 2022. Go to Source
Month: June 2024
Kaiko Research: Latam Crypto Traders Prefer Stablecoins Over Bitcoin
Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether’s USDT. This preference exists even though Bitcoin’s proposition includes protection against the currency debasement processes … Read more
RWA Tokens $TOKEN And $ONDO Show Resilience Amid Market Decline
The market has revealed its preferences, showing strong interest in leading Real World Asset (RWA) tokens $TOKEN and $ONDO. Despite a general market decline today, both tokens have maintained stable trading charts, indicating robust support from institutional investors and crypto enthusiasts. $ONDO, in particular, demonstrated notable resilience, rising by 2% despite challenging market conditions. Earlier … Read more
Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion
As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million, suggesting a cautious outlook on the prospects of interest rate cuts this year. Coinshares … Read more
Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price
Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC’s recent drop below $60,000. Go to Source
SEC drops investigation into Ethereum: Law Decoded
A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees. Go to Source
Insider: ‘Vulture Contracts’ Affecting Bitcoin Mining Development in Paraguay
Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these contracts that have not been taken advantage of and are blocked … Read more
How DePIN is poised to disrupt the cloud computing industry: Report
Cointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry. Go to Source
European Central Bank releases first CBDC progress update
The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. Go to Source
Heavy Sell-Off Sees Bitcoin Drop Below $60K, Over $140M in BTC Longs Liquidated
Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low of $59,809 per coin. Bitcoin Struggles Against Bearish Market, Slides to Near $60K Level This Monday proved tumultuous for bitcoin (BTC), as its price dipped … Read more
