Crypto news

BTC ETFs saw $226.2 million in net outflows in a single day yesterday as bitcoin struggles to rise in price. The outflows from the regulated financial products are reminiscent of what occurred at the end of April, as $1.2 billion moved out of BTC ETFs. Presently, the ETFs have seen net withdrawals amounting to $564 million over the past three days despite Wednesday observing inflows. The net outflows in the following days can possibly match April’s six-day outflows of over a billion....

Omnichain tokenization platform Holograph’s native token, HLG, fell nearly 80% in value following a recent hack. The malicious actor exploited a vulnerability in the protocol’s operator contract, minting 1 billion HLG tokens that were initially valued at approximately $14.4 million. The Holograph Exploit Holograph confirmed the breach on their X account, assuring users that the initial exploit has been patched and efforts are underway with cryptocurrency exchange partners to...

Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Gambaryan remains detained in the Kuje prison. Anjarwalla escaped the prison and fled Nigeria in March. The executives were arrested in February when a meeting with Nigerian officials took a turn. It was the second time they visited the country, with the previous one occurring a month ago, which also seemed off. The FIRS now holds Binance, the firm,...

[PRESS RELEASE – New York, New York, June 14th, 2024] Kadena, the world’s only scalable Proof of Work blockchain, announces a partnership with Lurk Lab to build out a Zero-Knowledge tech stack on the Kadena blockchain that will pave the way for provably secure cross-chain messaging. Kadena and Lurk Lab are developing a robust ZK roadmap that includes a ZK bridge between Ethereum and Kadena. In total, there are two milestones that are expected to be accomplished in the second...

[PRESS RELEASE – Palo Alto, California, June 14th, 2024] Autonomys (formerly Subspace) is now an identity-based decentralized AI (deAI) stack for human + AI (H+AI) collaboration Introducing Autonomys—a decentralized AI (deAI) verticalized stack encompassing distributed storage, distributed compute, and a decentralized application (dApp) suite. The first primitive being built in the Auto Suite is our decentralized identity protocol Autonomys ID (Auto ID). Autonomys’s deAI...

TL;DR Dogecoin (DOGE) has dropped to around $0.14, a 12% decline in a week, but some analysts expect a potential price surge based on technical patterns. Market analysis shows DOGE has strong support at $0.115 and resistance at $0.16, with an RSI of 48 indicating it is neither overbought nor oversold. Where’s DOGE Headed? The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – has been heavily affected by the recent market decline. Its price tumbled to...

Terraform Labs, the infamous company behind the Terra stablecoin collapse, has agreed to settle with the US Securities and Exchange Commission for $4.5 billion. Simultaneously, Do Kwon, Terraform’s disgraced founder, and others involved will be banned from ever operating ventures in the crypto industry. A New York judge approved this settlement. A press release issued by the SEC read, “The Securities and Exchange Commission today announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to...

Securities and Exchange Commission (SEC) chair Gary Gensler spoke in a Senate Appropriations Committee meeting on June 13, addressing the state of ETH ETFs. Tennessee Senator Bill Haggerty questioned Gensler about why the SEC had not approved the ETFs yet and accused the agency of not adopting a “constructive set of rules of the road for the crypto industry.” Gensler said that the ETFs were coming “sometime over the course of this summer,” implying the approvals of the S-1 filings will occur...

Riot Platforms has announced the purchase of an additional 1,432,063 shares of Bitfarms. The acquisition, completed on June 10 at approximately $2.7 per share, represents an investment of around $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, accounting for about 14% of Bitfarms. Riot’s Ongoing Takeover This announcement is part of Riot’s ongoing takeover attempt of Bitfarms. Last month, Riot made a bid to acquire Bitfarms...

CoinspeakerMore than 90% of BIS Members Considering Issuing CBDC The latest report from the Bank for International Settlements (BIS) revealed that 94 percent of 86 central banks are considering a CBDC soon. More than 90% of BIS Members Considering Issuing CBDC