Month: June 2024

SEC Chair Gensler Criticizes Crypto Exchanges, Warns of Delays for Spot Ethereum ETFs – SuperCryptoNews

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SEC Chair Gary Gensler raised concerns regarding the ethical practices of cryptocurrency exchanges and indicated that the introduction of spot Ethereum exchange-traded funds (ETFs) will experience delays. During an interview with CNBC on June 5, Gensler addressed inquiries from Jim Cramer regarding potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. He disclosed that while the SEC approved the associated 19-4b filings for spot Ethereum ETFs last month, the launch of these products would “take some time.” Gensler cited ongoing procedural reviews as the reason for the delay but refrained…

Will ECB Rate Cut Fuel Bitcoin Rally?

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Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a significant shift in monetary policy for the Eurozone. Coupled with projections of slowing inflation and modest economic growth, this move has sparked intense speculation in the crypto market, with many analysts predicting a notable rise in Bitcoin prices. ECB Pivots Towards Growth The ECB’s decision reflects a growing concern about the Eurozone’s…

TRON DAO at Consensus 2024 With Exclusive Whale Night Event

PRESS RELEASE. Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage in crucial discussions shaping the future of the blockchain ecosystem. Consensus 2024: […] Source CryptoX Portal

Hong Kong Partners With Swiss Crypto Valley

Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both regions. The agreement, signed on June 6, 2024, aims to enhance collaboration, particularly in blockchain and cryptographic technologies. It also […] Source CryptoX Portal

Buy Now, Crypto Bull Market Returns, Says Arthur Hayes

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In a new essay titled “Group of Fools,” Arthur Hayes, the outspoken co-founder of crypto exchange BitMEX, casts a critical eye over recent macroeconomic developments and their implications for the crypto market. Hayes, known for his direct and often provocative commentary, employs a blend of technical analysis, central banking critique, and currency market insights to build a case for what he believes is the return of a Bitcoin and crypto bull market. A “Group Of Fools” He begins by emphasizing the significance of the dollar-yen exchange rate as a macroeconomic…

Gemini Taps Kaiko for Enhanced Cryptocurrency Derivatives Trading

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Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing Kaiko’s Benchmark Reference Rates to power its derivatives platform. The partnership aims to enhance the stability and security of Gemini’s platform by […] Source

Med tech developer Semler Scientific puts additional $17m in Bitcoin

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Healthcare tech developer Semler Scientific has announced an additional purchase of 247 BTC for $17 million in cash. Santa Clara-based healthcare tech firm Semler Scientific has acquired an additional 247 BTC for $17 million in cash as part of its ongoing strategy to hedge against inflation risks. As per a press release on Jun. 7, the acquisition brings Semler Scientific’s total Bitcoin reserves to 828 BTC, purchased at an aggregate cost of $57 million. Commenting on the purchase, Semler Scientific chief executive Doug Murphy-Chutorian highlighted the firm’s commitment to Bitcoin…

Gaming tokens market cap soars above $30 Billion: what’s driving this frenzy?

What factors are driving the gaming tokens market cap beyond $30 billion, and which tokens are leading this surge? Gaming crypto tokens are having their moment in the sun, sparking excitement among traders with a wave of positive market sentiments.  Over the last week, the market cap for gaming crypto tokens has surged by nearly 11%, reaching over $30 billion as of June 6, according to CoinMarketCap. What’s really happening? Notcoin’s meteoric rise Leading this charge is Notcoin (NOT), which has experienced a jaw-dropping 135% surge in value, now trading…