Month: June 2024

ERC-6900 Website Launches, Co-Authored by Ethereum Foundation, Alchemy, Circle and Quantstamp

The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, […] Source CryptoX Portal

Woman Pleads Guilty to Using Bitcoin for Dark Web Hitman

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In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a website offering “hitman for hire” services, providing detailed information about the intended victim, […] Original

Crypto Investment Products See $185M Inflows, May Sets New Record At $2 Billion

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The crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone.  Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited spot exchange-traded funds (ETFs) for the market’s second-largest cryptocurrency received approval from the US regulators last week.  Record-Breaking Month For Crypto Products According to a recent report from research firm CoinShares, digital asset investment products consistently attracted inflows during the four weeks, amassing a total of $185 million.  May proved to…

Can XRP Price Recover? Analyzing the Potential for a Rebound

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XRP price is slowly moving higher from the $0.5080 zone. It could gain bullish momentum if there is a move above the $0.5250 resistance zone. XRP is attempting a fresh increase above the $0.5120 zone. The price is now trading above $0.5150 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $0.5160 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a clear move above $0.5250. XRP…

Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens

The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized and unrecognized crypto tokens, custody and staking of crypto tokens, compliance with financial crime regulations including […] Source CryptoX Portal

Michael Saylor, MicroStrategy to pay $40m in tax evasion settlement

MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.’s history.  According to The Washington Post, Bitcoin (BTC) advocator Michael Saylor and his software company MicroStrategy reached a $40 million payment package with the state to settle a tax evasion lawsuit.  Attorney General Brian L. Schwalb’s case revolved around Saylor’s residency and tax returns between 2005 and 2021. While Saylor claimed he lived in Florida, city attorneys had reason to believe he lived in a luxury apartment and on yachts within the…

Ethereum Signals Bearish Extension: Is a Short-Term Downtrend Coming?

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Ethereum price is showing a few bearish signs below the $3,840 support. ETH could gain bearish momentum if there is a clear move below $3,700. Ethereum extended its decline and tested the $3,700 zone. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,700 support. Ethereum Price Dips Again…