ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued. Go to Source
Month: June 2024
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline … Read more
Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit
Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough. Go to Source
Australian Bank Halts Development of ETH-Based Stablecoin
The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than established banks. NAB Team Joins Ubiquity The National Australia Bank (NAB) recently … Read more
BlockDAG: Leading the Crypto Charge Over Tron and Dogecoin
BlockDAG’s $51.9M Presale Rally: Ready to Outpace Dogecoin (DOGE) and Tron (TRX) Price BlockDAG is emerging as a top contender in the crypto space, eclipsing both Tron and Dogecoin with its cutting-edge technology and strategic achievements. While Tron (TRX) and Dogecoin (DOGE) show bullish signs, BlockDAG’s recent keynote has generated significant buzz. Crypto analyst William … Read more
Unlicensed Crypto Business Leads to Indictments in Utah
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the … Read more
Stablecoins to make up 10% of money in the next decade or so: Circle CEO
Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Go to Source
IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East
The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks … Read more
BlockDAG’s March Toward $30 by 2030 Draws Investor Eyes as Fetch.ai Falters and BONK Flounders
Fetch.ai (FET) has just witnessed a steep 10% slide, casting doubts on its ability to bounce back. Meanwhile, BONK has maintained a steady pace despite the wider crypto market’s turbulence, though its path ahead remains murky. Against this backdrop, BlockDAG shines as a beacon for investors. With forecasts placing its value at $30 by 2030 … Read more
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation. … Read more