Block Earner spared penalty in regulator’s crypto yield suit
The Australian federal court relieved Block Earner from paying a penalty after an Australian regulator’s legal action over unlicensed crypto yield-bearing products.
Posts published on June 3, 2024 go to media archive 1/4
Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO
Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.
SEC Ethereum ETF decision unlikely driven by politics: Bernstein
Bernstein analysts Gautam Chhugani and Mahika Sapra believe the United States securities regulator likely approved the spot Ether ETFs to avoid a legal battle.
Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company…
Woman Pleads Guilty to Using Bitcoin for Dark Web Hitman
In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a…
Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime
The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data…
Rising Tide: Crypto Investment Products See $185M Inflows, May Sets New Record At $2 Billion
The crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone. Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited…
Can XRP Price Recover? Analyzing the Potential for a Rebound
XRP price is slowly moving higher from the $0.5080 zone. It could gain bullish momentum if there is a move above the $0.5250 resistance zone. XRP is attempting a fresh increase above the $0.5120 zone. The price is now trading above $0.5150 and the…
E-Trade mulls booting meme stock trader Roaring Kitty: WSJ
The trading platform is reportedly concerned that the veteran meme stock trader could use his influence to pump his own GameStop holdings.
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The…
Ethereum Signals Bearish Extension: Is a Short-Term Downtrend Coming?
Ethereum price is showing a few bearish signs below the $3,840 support. ETH could gain bearish momentum if there is a clear move below $3,700. Ethereum extended its decline and tested the $3,700 zone. The price is trading below $3,840 and the…
Bitcoin Price Gains Momentum: Bullish Surge Ahead?
Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading…
XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does
The XRP price has been a constant point of worry for investors given that the altcoins seems to be frozen in time. The last time that the coin rallied was in the 2017-2018 bull and even though there has been another massive bull market since then…
Worldwide searches for ‘onchain’ on Google hit all-time high
“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju.
India Repatriates 100 Tonnes of Gold From UK, Aims to Move More
According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be…
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws.
Bitcoin ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s
However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard.
Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations
Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict…
The Half-Million Dollar Bitcoin: Predictions Point To Monumental Price Surge In 18 Months
Bitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months. Despite surpassing its previous high and reaching a record…
Australia’s First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading
Australia now officially has its first spot Bitcoin ETF that directly holds BTC. The Monochrome Asset Management's Bitcoin ETF (IBTC) just began trading as the Cboe Australia exchange opened. Trading under the ticker IBTC, the ETF carries a…
Coinbase chips in another $25M to crypto super PAC Fairshake
Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections.
Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets
Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.
Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs
Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this…
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.
Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000…
Bitcoin Has Solid On-Chain Cushion Below $68,900: Stage Set For Fresh Rally?
On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According…
Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes
Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that…
Buckle Up: Bitcoin’s Ride to $74K Could Start Any Minute – Here’s Why
Although Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its…
Chainlink co-founder notes importance of oracle networks following NYSE glitch
Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems.