Crypto news

SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time. Gensler’s comments were made during a June 5 interview on CNBC, where he also responded to Jim Cramer’s inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensler Criticizes Crypto Exchanges Gensler stated that while the SEC had approved the associated 19-4b...

Cardano founder Charles Hoskinson has dismissed claims that the network suffers from weak fundamentals. He criticized media outlets for their continued negative portrayal of the ecosystem, asserting a stark contrast between the reality of Cardano’s progress and the media’s depiction. Cardano Founder Refutes Media’s Gloomy Forecasts In a sharp rebuke this week, Hoskinson accused the media of wrongly predicting the downfall of the blockchain network and affirmed that the...

Binance has reintegrated Visa and Mastercard into its platform, according to its post on X. This move will also include SEPA payments for EU customers who want to use bank transfers to acquire crypto on the exchange platform. Binance stopped its Visa-related services in December and was dropped by Mastercard in multiple countries in September. Its Visa integration previously allowed customers to spend their crypto holdings on Binance as they would fiat in brick-and-mortar and online stores...

Robinhood, the stock trading platform, has agreed to acquire Bitstamp, a massive UK-based crypto exchange. The deal is set to close next year for a whopping $200 million. It will elevate Robinhood’s crypto arm to new markets, taking its presence outside the US and allowing it to service customers in the UK, Europe, and many other jurisdictions where the exchange holds licenses. Bitstamp is one of the most used exchanges in Europe, and its acquisition will help Robinhood strategically grow in...

[PRESS RELEASE – Tortola, British Virgin Islands, June 6th, 2024] With a long awaited anticipation, June 3rd marked a groundbreaking moment in the world of online entertainment as Galactix.io announced the official launch of the new crypto-gaming casino platform. This platform brings a new style of gaming to the casino world along with classic favorites, unique visuals and the exciting world of cryptocurrency. Galactix is designed for the rapidly growing community of crypto...

Following the recent recovery in the market, certain altcoins have become appealing to buyers, with wealthy investors even beginning to stockpile these assets before prices potentially surge. Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are experiencing notable price surges, each seemingly driven by increased whale activity. Whales Pile In This week, transactions exceeding $100k on these networks have more than doubled compared to their average figures for 2024,...

The volatile nature of the cryptocurrency market has prompted many smart investors to adopt the age-long investment strategy of diversifying their crypto holdings to reduce risk. This diversification, however, poses a new problem as users find it difficult to keep track of their crypto assets, especially as they grow in value. Crypto portfolio trackers have become essential tools for everyone looking to prevent the possible consequences of losing track of their investments....

Turkey is not going to impose taxes on profits from trading crypto assets and stocks, clarified an official from the country’s finance ministry. The clarification comes after news reports mentioning Ankara’s plans to impose crypto taxes started making rounds few days ago. According to news reports from earlier this week, Mehmet Simsek – Turkey’s treasury and finance minister announced plans to put the country on the path of economic recovery.  Taxing income from cryptocurrency and stock...

TL;DR Jim Cramer suggested the SEC has lost its case against Ripple, sparking mixed reactions due to his past inaccurate crypto predictions. The lawsuit started in December 2020 over unregistered securities allegations, with the company securing partial court wins in 2023, potentially impacting XRP’s price volatility. Mixed Feelings Following Cramer’s Claim Earlier this week, the popular American TV personality Jim Cramer participated in a discussion with the US SEC’s...

[PRESS RELEASE – Seoul, Korea, June 6th, 2024] XOCIETY, a AAA third-person shooter game, has successfully closed a $7.5 million pre-Series A funding round. The round was led by Hashed and the Sui Foundation, with additional investment from other prominent gaming entities such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON. The funding builds off the success of XOCIETY’s beta testing, which accrued over 3000 users from 76 countries, reaching over 11,000 hours of...