Crypto news

A Bank for International Settlements (BIS) survey found that 94% of central banks worldwide want to implement Central Bank Digital Currencies (CBDCs). It surveyed eighty-six central banks between October 2023 and January 2024. The survey depicts how close every nation is to hopping onto blockchain technology, with central banks implementing CBDCs for interbank settlement processes. The survey conducted revolved around wholesale CBDCs and not the retail kind. The difference lies in who uses...

Scammers on X are impersonating crypto founders, influencers, and well-known celebrities to prey on unknowing crypto users. In the latest events, scammers used Yi He’s likeness to set up fake accounts and lure crypto holders. Most recently, the fake accounts spoke about giving users free Binance-backed memecoins. The posts contained links that would take users to pages where they could connect their wallets. Such tactics are a tale as old as time. Scammers access user wallets this way and...

A hawkish-than-expected FOMC meeting drove investors to scale back their exposure to fixed-supply assets, which in turn resulted in digital assets investment products seeing outflows of $600 million. This represented the largest outflows since March 22, 2024. Moreover, the recent price declines further exacerbated the bearish sentiment, as evidenced in the decrease in total assets under management (AuM), which fell from over $100 billion to $94 billion this week. Investors...

TL;DR Polkadot’s DOT is down 4% weekly, trading around $6.20, but a potential resurgence might be on the horizon. Some analysts see the asset in an accumulation phase, with a bullish outlook if it holds above a certain resistance level. Rebound or Further Decline for DOT? Polkadot’s native token has not been as severely affected as other leading cryptocurrencies during the most recent market correction. Still, its price is down around 4% weekly, currently hovering around the...

The Open Network (TON) blockchain’s total value locked (TVL) has surged since early March, surpassing $600 million. Within just three weeks, it has doubled to reach a record high, showcasing rapid growth and investor confidence in TON’s decentralized finance ecosystem. TON’s TVL Hits $600 Million According to DefiLlama data, TON’s TVL surged to over $605 million on Monday. This milestone was achieved just three weeks after the network’s TVL first reached $300 million in late...

[unable to retrieve full-text content]CoinspeakerBybit Integrates Apple Pay for Zero-Fee Crypto Purchases Starting today, customers can buy crypto assets through the Bybit app or website using Apple­ Pay, which enhances convenie­nce and security. Bybit Integrates Apple Pay for Zero-Fee Crypto Purchases

[unable to retrieve full-text content]CoinspeakerUS Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting The bearish sentiment wasn't limited to the US. Even on the global scale, digital asset investment products saw their largest outflow of over $600 million in almost three months. US Spot Bitcoin ETFs See Outflows after Hawkish Fed Meeting

[unable to retrieve full-text content]CoinspeakerJPMorgan Identifies US Bitcoin Mining Stocks with Outperformance Trend Collectively, the 14 US mining companies have a network hash rate of approximately 23.8% of the total market share.  JPMorgan Identifies US Bitcoin Mining Stocks with Outperformance Trend

TL;DR L2 scaling solution Shibarium saw one indicator surging by over 860%, indicating rising interest. However, daily transactions on the network dropped by 65%, while Shiba Inu’s price fell 20% in the last 14 days. The Rapid Increase Shiba Inu’s layer-2 scaling solution – Shibarium – keeps making waves due to its progress and the surge of some of its metrics. Most recently, the number of new accounts on the network exploded by over 860%, from just 16 (on June 15) to 154...

[PRESS RELEASE – Dover, USA, June 17th, 2024] ScroogeToken has reached a notable milestone, surpassing $500,000 in funding. This achievement reflects market confidence in ScroogeToken’s approach to decentralized finance. The platform offers seamless access to the Web3.0 ecosystem and promotes a vibrant community. Key Features: User-Friendly Interface: ScroogeToken simplifies the Web3.0 experience for both new and experienced users. Community Engagement: Emphasizing strong...