Floki Inu warns of fake tokens on Solana and Base blockchains
[Jun 30 2:06 AM] Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
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Zambia Working on Establishing an AI Framework, Says Minister
[Jun 30 1:39 AM] Zambia has reportedly initiated a process to establish an artificial intelligence framework and is collaborating with the Tony Blair Institute to formulate an artificial intelligence strategy. Sarah Luyele Njamu said Zambia can leverage AI for…
Crypto ATM Installations Rise in 2024, Adding 2,564 New Machines Globally
[Jun 29 8:28 PM] In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady…
Crypto Exchange Binance Takes Action Against Account Misuse
[Jun 29 6:22 PM] Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are…
Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin’
[Jun 29 5:16 PM] Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and…
Court Dismisses SEC Claim on Secondary Sales of BNB
[Jun 29 4:14 PM] The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and…
SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
[Jun 29 3:20 PM] The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues…
Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry
[Jun 29 12:40 PM] The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial…
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
[Jun 29 11:03 AM] With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per…
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
[Jun 29 9:22 AM] Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are…
Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’
[Jun 29 8:36 AM] Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di…
‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator
[Jun 29 5:19 AM] According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will…
FTC Warns: Social Media Investment Scams on the Rise
[Jun 29 2:16 AM] The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC…
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
[Jun 28 10:20 PM] The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an…
Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation
[Jun 28 9:18 PM] Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in…
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
[Jun 28 7:45 PM] Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi)…
Yield App Suspends Operations Ahead of Liquidation
[Jun 28 6:45 PM] Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted…
Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says
21shares Files to Launch Solana ETF With SEC
[Jun 28 3:55 PM] 21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure…
Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value
[Jun 28 2:40 PM] According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter…
Solana Introduces Blinks, Brings Blockchain to the Web2 Space
[Jun 28 1:38 PM] Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever…
Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000
[Jun 28 1:06 PM] American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he…
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
[Jun 28 11:30 AM] The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution…
T-Rex Group Files for Leveraged ETFs Targeting Microstrategy’s Bitcoin-Heavy Portfolio
[Jun 28 8:30 AM] T-Rex Group has filed for exchange-traded funds (ETFs) that aim to leverage the daily performance of Microstrategy Incorporated (MSTR). The proposed ETFs will take 2x long and 2x inverse positions in MSTR, magnifying its daily stock performance by…
Bitcoin activity drops to lowest level since 2010
[Jun 28 3:04 AM] The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies.
Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors
[Jun 27 11:32 PM] Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely…
Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam
[Jun 27 10:21 PM] Nubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower costs and…
Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, $2M Crypto Seized, 3,950 Arrested
[Jun 27 8:10 PM] Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation…
SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities
[Jun 27 7:35 PM] The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin…