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Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp

[Jun 18, 2024 8:17 AM] The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past…

Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets

[Jun 17, 2024 9:38 PM] South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews…

SEC’s Crypto Enforcement Chief Departs After 9 Years

[Jun 17, 2024 5:16 PM] The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against…

JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

[Jun 17, 2024 4:11 PM] JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been…

Crypto Sector Secures $317M in Venture Capital Deals in Early June

[Jun 16, 2024 2:36 PM] With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with…

The State of Crypto Merchant Adoption in 2024

[Jun 16, 2024 12:45 PM] Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is…

Salvadoran Government Introduces Bitcoin Banking Law Reform

[Jun 16, 2024 11:44 AM] The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to…

Openai Reportedly Mulling For-Profit Shift

[Jun 16, 2024 10:05 AM] Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out…