Ordinal Inscriptions Surge Past 13 Million Amid Game-Changing Recursive Inscription Upgrade
On June 20, 2023, around 9 p.m. Eastern Time, the tally of Ordinal inscriptions minted on the Bitcoin blockchain surged past 13 million. A mere five days had elapsed since the 12 million milestone was reached, indicating a persistent demand for…
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas…
Bitcoin, Ethereum Technical Analysis: BTC Bulls Recover SEC Related Losses, as Price Moves Near $29,000
Bitcoin rallied to a six-week high on Wednesday, as price moved to the cusp of a breakout above the $29,000 level. Today’s surge sees bulls recover almost all of the losses that came after the Security and Exchange Commission (SEC) sued…
Earn Network Raises $2․7M in Seed Funding to Further Develop the Marketplace for Liquid Investments
PRESS RELEASE. Hong Kong, Hong Kong, 21st June 2023, Chainwire. The Earn Network, a community-driven marketplace for liquid investments, is happy to announce the successful completion of its Seed Funding round that raised $2.7 million from VCs and…
Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears
A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of…
Privacy Protocols Have Not Gained Traction Because ‘User Experience Hasn’t Been up to Par’ — Namada Co-Founder
According to Christopher Goes, the co-founder of privacy-focused blockchain Namada, many privacy protocols have not gained traction primarily because “the user experience hasn’t been up to par.” Part of the reason for this is that…
IMF Working on Platform to Support CBDC Cross-Border Interoperability
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF…
De-Risking From China Will Destroy Western Economies, Think Tank Founder Warns
The founder of a German-based political and economic think tank has cautioned that attempts to de-risk from China “will only lead to the self-destruction of the economies of the West.” She stressed that de-risking policies would hurt their…
Billionaire Mark Cuban Offers Suggestions on How SEC Should Regulate Crypto
Billionaire investor Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has provided some suggestions on how the U.S. Securities and Exchange Commission (SEC) should regulate the crypto industry, including how the regulator…
Crypto Exchange Backed by Fidelity, Schwab, Citadel Launches With Trading of 4 Cryptocurrencies
The cryptocurrency exchange backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial has launched and completed a new funding round. The platform offers the trading of four…
Binance Unit in Britain Cancels UK Regulatory Authorization
Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased…
NFT Sales Rise by 11% This Week as Buyers Surge 95% in Latest Data; ETH Dominates With $85.43 Million in Sales
In the most recent data, non-fungible token (NFT) sales for this week have experienced a rise of 11.60% compared to the previous week. Moreover, the number of individual buyers purchasing NFTs in the past seven days has jumped 95.20%, reaching a…
Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate
Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant…
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level…
Deutsche Bank Applies for License to Offer Crypto Custody Service
Deutsche Bank, the largest bank in Germany, is seeking regulatory approval to offer custody services for digital assets, including cryptocurrencies. A Deutsche Bank executive explained that the digital asset move is part of the giant lender’s…
Bitcoin, Ethereum Technical Analysis: BTC Climbs to 2-Week High on Tuesday, Rising Above $27,000
Bitcoin rose above $27,000 for the first time in two weeks, as price broke out of a key resistance level on Tuesday. Bullish sentiment continues to make a gradual return, following recent market weakness. Ethereum remained over the $1,700 level…
CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’
Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his…
The Evolution of Investor Portfolios with Rollman Mining: Embracing Cryptocurrencies for Optimal Diversification
PRESS RELEASE. Tallinn, 20th June 2023 – Rollman Mining, as the financial landscape continues to evolve, investor portfolios must adapt to changing times. The rise of cryptocurrencies has captured the attention of financial experts and media…
Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan
The government of Argentina has noted that 19% of all imports authorized in the national system were settled using the Chinese yuan in April and May. $2.72 billion in Chinese yuan were approved to complete these payments, taking advantage of the…
Bitcoin ‘Permabull’ Max Keiser: ‘El Salvador Will Be Debt Free by 2030 With Bitcoin’
Max Keiser, international journalist and chairman of mining company Volcano Energy, has pondered on the importance bitcoin adoption will have for El Salvador in the future. According to Keiser, thanks to bitcoin, El Salvador will be debt free by…
VC Chamath Palihapitiya Warns of Chaos in the Equity Market Due to Debt Issues
Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight…
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request
In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…
A New Era in Digital Finance: Minati Announces Game-Changing MNTC Token and All-In-One Wallet
PRESS RELEASE. Minati, a trailblazer in the digital finance industry, is thrilled to announce the launch of its game-changing decentralized finance (DeFi) token, Minati (MNTC). Positioned to redefine the digital finance landscape, Minati’s…
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…
Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the…
Proof of Talk 2023: Restoring Trust in the Web3 Industry
PRESS RELEASE. Paris, June 19th 2023 – Over 1,500+ attendees, VCs, founders, start-ups, industry leaders, students, developers coming from Asia, Europe and the US gathered in Paris for the Proof of Talk Summit. In a rapidly evolving and challenging…
Ethereum Core Devs Weigh Pros and Cons of Raising Validator Threshold From 32 ETH to 2,048 ETH
Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related…
Etherscan Unveils Code Reader: An AI-Powered Tool That Aims to Bolster Smart Contract Analysis
After the Ethereum block explorer Etherscan introduced an advanced filter for blockchain exploration, the team announced a new tool called Code Reader, powered by artificial intelligence (AI). Essentially, the service leverages AI to enable users…
B2Broker Announces NDF Asset Class Addition, Reduced Margin Requirements, and Updates to PoP Liquidity Offering Package
PRESS RELEASE. B2Broker, a prominent global liquidity provider in the FX and crypto industry, proudly declares the inclusion of Non-Deliverable Forwards (NDFs) in its extensive range of liquidity offerings. This strategic expansion further…
Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage
Montenegro’s court has determined that Do Kwon, the co-founder of Terraform Labs, is guilty of using a counterfeit Costa Rican passport. As a result, he has been sentenced to four months in jail for the offense. Do Kwon Sentenced to 122 Days…
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