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Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
[Jun 16, 2024 6:45 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for…
Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More — Week in Review
[Jun 16, 2024 5:45 AM] Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in gold bullion purchases due to…
Experts Warn SEC’s Consolidated Audit Trail Is Unconstitutional
[Jun 16, 2024 4:22 AM] The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government…
Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely
[Jun 16, 2024 12:09 AM] According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero…
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
Indian Authority Cracks Down on Highrich Online’s Crypto Operations
[Jun 15, 2024 8:33 PM] India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring…
Nigerian Regulator Warns Against Investing in Meme Coin Linked to Davido
[Jun 15, 2024 2:27 PM] The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own…
New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State
[Jun 15, 2024 10:21 AM] New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were…
NFT Market Sees Gains for Second Consecutive Week, Sales Up 10.95%
[Jun 15, 2024 9:04 AM] Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million…
Rapper Lil Pump Gets Dual Solana-Themed Tattoos
[Jun 15, 2024 8:45 AM] Gazzy Garcia, also known as Lil Pump, his professional rapper name, surprised his over 15 million followers on Instagram and X by posting pictures showing two new Solana-themed tattoos. The first featured the stylized name of the Solana blockchain…
Despite Crypto Market Downturn, TON Achieves All-Time High
[Jun 15, 2024 7:50 AM] While bitcoin and the broader cryptocurrency market experienced declines over the past three days, The Open Network’s toncoin (TON) hit an all-time high on Saturday morning, reaching $8.25 per unit. TON has climbed into the top ten rankings…
Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued
[Jun 15, 2024 7:20 AM] The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection…
Deutsche Telekom announces Bitcoin mining plans at BTC Prague
[Jun 15, 2024 7:04 AM] Deutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on Fetch.ai’s decentralized blockchain.
56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase
[Jun 15, 2024 1:33 AM] A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The…
Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets
[Jun 14, 2024 7:36 PM] Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as…
Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream Adoption
El Salvador Views Bitcoin as a Tool to Liberate the Nation From Fiat Currencies
[Jun 14, 2024 5:36 PM] Felix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon. However, he said that it would be too costly. For Ulloa, bitcoin presents an…
Home miners may benefit from NiceHash, Marathon Digital collaboration
[Jun 14, 2024 5:23 PM] The new NiceHash firmware will combine the advantages of two products.
Worldcoin to Establish Latam Hub in Argentina Despite Heavy Scrutiny
[Jun 14, 2024 3:12 PM] Worldcoin, the biometric identification project, has announced a new expansion process in Argentina, where it reportedly will seek to open 50 new locations with eye-scanning hardware. The announcement comes after Buenos Aires indicted Tools For…
NEAR Protocol: From Recent Dip To Google Search Darling – Is $16 Next?
[Jun 14, 2024 11:30 AM] NEAR Protocol (NEAR) is making waves in the cryptosphere, surging to the top of Google searches and capturing investor attention. This newfound interest, coupled with strong activity data from blockchain analytics platform DappRadar, fuels…
Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days
[Jun 14, 2024 7:16 AM] According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further…
Bitcoin Technical Analysis: BTC Faces Downward Pressure Amid Market Uncertainty
[Jun 14, 2024 6:05 AM] Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical…
Lil Pump and dump: Rapper tattoos ‘Solana’ on forehead after selling SOL tokens
[Jun 14, 2024 3:20 AM] Lil Pump’s new Solana tattoo sparked mixed reactions from fans and the crypto community, with some criticizing and others celebrating the move.
Cardano and MultiversX Join Web3 Innovation Initiative in Geneva with Launch of Lightningbox
South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
[Jun 14, 2024 2:41 AM] The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South…
Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round
[Jun 13, 2024 10:39 PM] Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by…
Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto
Bitwise Forecasts $20 Trillion Boost To Global GDP From Crypto And AI By 2030
[Jun 13, 2024 9:00 PM] The intersection of artificial intelligence (AI) and crypto is poised to unleash a notable wave that could add a staggering $20 trillion to the global gross domestic product (GDP) by 2030, according to a recent report by Bitcoin ETF issuer Bitwise…