Day: June 6, 2024

Franklin Templeton Explores Launching Crypto Fund Investing in Tokens Beyond Bitcoin (BTC) and Ether (ETH): Report

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Kraken and Binance delisted Bitcoin SV. Now, they’re being sued for $13bn

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Bitcoin SV was pulled from both exchanges in 2019 after Dr Craig Wright claimed he was Satoshi Nakamoto. Now, a class action alleges that caused the coin’s investors big losses. Fresh from a damning ruling that Craig Wright “extensively and repeatedly” lied about being Bitcoin’s pseudonymous creator Satoshi Nakamoto, another crypto showdown is now unfolding in British courts. The case currently being heard by the Competition Appeals Tribunal in London relates to Bitcoin Satoshi Vision — Bitcoin SV for short — which was created back in 2018 following a hard…

Solana (SOL) Maintains Bullish Trajectory Above 100-Day SMA, Rally Looms?

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Solana (SOL) has shown remarkable market resilience by holding onto its position above the 100-day Simple Moving Average (SMA) in spite of notable market turbulence. SOL has seen a lot of volatility in the last several months, but it has found firm support at this pivotal moving average, indicating a persistent positive mood. The ability of Solana to hold above the 100-day SMA shows that buying enthusiasm outweighs any downward pressure, providing a good basis for future upward momentum thereby attracting the attention of traders and investors. As of the…

SAND Rises Nearly 5% as The Sandbox Raises $20M at $1B Valuation

“McKinsey estimated that by 2030 the metaverse could add $5 trillion to the global economy,” Yat Siu, co-founder of Animoca Brands, said. “Today, games like Minecraft and Roblox are some of the most popular titles in the world, but they do not provide their users with digital property rights. The Sandbox represents the evolution of UGC games for the age of digital ownership.” Source

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields

The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with each USDL backed 1:1 in U.S. dollar value. New ‘Lift Dollar’ Stablecoin Offers Daily Returns on […] Source CryptoX Portal

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether (USDT): JPMorgan

The Central Bank Digital Currency (CBDC) Anti-Surveillance State Act is an attempt to block a U.S. CBDC and prevents Federal Reserve banks from offering certain products to consumers and from using a central bank digital currency for monetary policy, the report added. The House passed the bill banning the Federal Reserve from issuing a CBDC last month, however, its prospects in the Senate are unclear. Source

ADSS Opens Up Trading for Abu Dhabi Exchange Listed Companies

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Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Payments in Africa: a Cross-Border, Cross-Device Revolution | FMAS:24 Builders of new payment frameworks on the continent will share their insights on shaping “cowrie shell” systems for the digital age. MODERATOR: Hwalani Mabaso , Country Director | Women in Tech South Africa Provincial General Manager…

Crypto Miners Embrace AI After Block Reward Whacking

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The winds of change are blowing through the crypto mining industry. The highly anticipated halving event in April 2024, which sliced block rewards in half, has sent shockwaves through the ecosystem. Daily revenue for miners has plummeted by over 70% since the halving, forcing them to scramble for new avenues to secure their bottom line. Related Reading Enter Artificial Intelligence (AI). Buoyed by the success of projects like OpenAI’s ChatGPT, AI computing is experiencing a surge in demand. This, coupled with potentially higher profit margins compared to Bitcoin mining, is…

Bitcoin (BTC) Fluctuates Around $71K, Consolidating This Week’s Rally

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Bitcoin fluctuated around $71,000 throughout the Asian and European mornings, following its rally earlier this week. BTC’s price is little changed over 24 hours, trading in a range of $70,900-$71,100 for much of the morning in Europe, an increase of around 0.1%. Elsewhere, the broader digital asset market, as measured by the CoinDesk 20 Index (CD20) is similarly unmoved, up about 0.25% at the time of writing. Among the crypto majors, only ether is showing a change in excess of 1%. ETH is priced at just under $3,850, a rise…

Binance Resumes Mastercard Payments for Crypto

“Following an extensive review of the rigorous controls and processes that Binance put into place, Mastercard made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said via email. “We look forward to adding support for further products, such as withdrawals, at a later date.” Source