Month: June 2024

Crypto Exchange Crypto.com Secures a Spot on Bank of Ireland’s Virtual Assets Service Provider Register

The company joins Coinbase, Ripple and Gemini on the register as crypto companies vie to win approval in EU nations to ensure they are ready for December, when the Markets in Crypto Assets (MiCA) legislation becomes fully operational. The bloc’s wide-ranging rules for the industry allow firms with a crypto asset service provider license from any member state to operate across all 27 nations. Source

Blood In The Water? Ethereum Whales Circle As Price Drops

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Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has created a perplexing scenario for investors recently. Despite a noticeable decline in its price, on-chain data reveals that large investors, often referred to as “whales,” are accumulating ETH. This could signal a potential buying opportunity, though technical indicators suggest a weakening uptrend, leaving Ethereum’s near-term future uncertain. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? Ether down in the last 24 hours. Source: Coingecko Ethereum Whales See Opportunity In Price Dip In recent analysis by…

PlayDoge presale raises $3.5m in two weeks, combining memes with P2E gaming

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PlayDoge’s presale surpasses $3.5 million in two weeks, combining the viral appeal of memecoins with the engaging world of Play-to-Earn (P2E) gaming. It’s been a triumphant opening two weeks for the PlayDoge (PLAY) presale, cruising past the $3.5 million total raised mark. Combining the virality of memecoins with the compelling allure of Play-to-Earn (P2E) gaming, PlayDoge’s crossbreed narrative is causing a buzz. The presale initially launched on BNB Smart…

Bitfinex Lists AIOZ Token, Enhancing Blockchain-Based Media Solutions

Bitfinex, a leading digital asset trading platform, has announced the listing of AIOZ, the native token of AIOZ Network. This move, revealed on June 11, 2024, bolsters the platform’s commitment to supporting innovative blockchain projects. About AIOZ Network AIOZ Network is a decentralized platform leveraging blockchain technology to enhance AI, storage, and streaming services. The network aims to transform digital media by providing decentralized solutions, thereby creating a more efficient and scalable ecosystem. Recent collaborations, such as the partnership with Alibaba Cloud, underscore AIOZ’s real-world…

Bitcoin Set for Further Decline As Bearish Sentiment Intensifies

Bitcoin (BTC), the leading cryptocurrency by market capitalization, appears to be heading for further declines as market sentiment turns increasingly bearish. Recent analysis shows that BTC is struggling to maintain key support levels, and the overall mood among traders and investors is shifting towards caution. Several factors such as macroeconomic pressures, regulatory concerns, and technical indicators contribute to this negative outlook. As Bitcoin continues to face selling pressure, the potential for additional downside becomes more pronounced. This article explores Bitcoin’s near-term price action for market participants looking to navigate the…

Bitcoin.com’s Verse Voyager NFT Collection Sells Out

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In a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection […] Original

Bitcoin mining attracts ‘various types of criminal actors,’ Europol says

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European law enforcement agency Europol slammed crypto mining as well as layer-2 solutions, saying they cause “additional problems for law enforcement investigations.” European law enforcement agency Europol has criticized crypto mining and layer-2 blockchain solutions, asserting that they pose “additional problems for law enforcement investigations.” In a recent 40-page report on cryptographic encryption, the Hague-based agency highlighted how crypto mining has become an attractive method for criminals to launder illicit proceeds. Criminal actors can use mining operations to obscure illicit earnings, in some cases even generating further profits for criminals,…

AKT gains 9% as Akash Network unveils future roadmap at decentralized AI event

Akash Network, a leading player in the decentralized cloud computing sector, has seen its native token, AKT, emerge as one of the top gainers among the top 100 cryptocurrencies, At the time of writing, AKT is still up 9% in the last 24 hours, trading at around $4.48 per coin. In the same time frame, the token experienced a daily trading volume of $51.7 million, up 495%. The crypto asset’s market cap has also climbed to $1.07 billion, making it the 76th-largest cryptocurrency. AKT 24-hour price chart | Source: CoinMarketCap…

Federal Reserve Should Cut U.S. Interest Rate as Restrictive Stance Is Adding to Inflation, Democrats Say

“We write today to urge the Federal Reserve (the Fed) to cut the federal funds rate from its current, two-decade-high of 5.5 percent. This sustained period of high interest rates is already slowing the economy and is failing to address the remaining key drivers of inflation,” Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.) and John Hickenlooper (D-Colo.) wrote, according to a document on the HuffPost website. Source