Crypto news

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...

[unable to retrieve full-text content]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

[unable to retrieve full-text content]CoinspeakerBeeple Satirizes Andrew Tate and Iggy Azalea in New NFT While Beeple did not indicate if the artwork is for sale, he has a history of earning millions from his pieces. Beeple Satirizes Andrew Tate and Iggy Azalea in New NFT

[unable to retrieve full-text content]CoinspeakerToncoin (TON) Hits ATH at $8.10 as Profitability Jumps to 100% Toncoin is still way behind some crypto protocols but it has also surpassed others in terms of daily transactions. Toncoin (TON) Hits ATH at $8.10 as Profitability Jumps to 100%

Polkadot’s price has been consolidating sideways near the critical resistance region around the $6.5 threshold. A slight bullish reversal might occur in the short term due to the potential heightened demand near this pivotal level. Technical Analysis By Shayan The Daily Chart The daily chart shows Polkadot’s bearish momentum faded after reaching the substantial support region of $6.5, an important level in recent months. This pivotal support is accompanied by substantial...

[unable to retrieve full-text content]CoinspeakerEthereum Price Correction Is Almost Over, Analyst Gives Bullish Call to $10K CrediBULL Crypto says that if Bitcoin price were to reach $100,000 in the near time, than Ethereum too would catch up rallying at least a 3x from the current levels. Ethereum Price Correction Is Almost Over, Analyst Gives Bullish Call to $10K

[unable to retrieve full-text content]CoinspeakerCrypto Adoption in Turkey Boosted by Unending Lira Woes, Government Moves In with Tax Reforms Although the stock tax remains pending for now, Erdogan and his officials are keen on taxing crypto transactions. Crypto Adoption in Turkey Boosted by Unending Lira Woes, Government Moves In with Tax Reforms

TL;DR Polkadot has partnered with Heroic and introduced Deloitte’s KYC credential solution through the Polimec Protocol. The community also plans to allocate 3 million DOT tokens to support DeFi activities. Despite these advancements, Polkadot’s cryptocurrency DOT has declined by 10% weekly, but some analysts are optimistic about its future potential. What’s New Around Polkadot? Polkadot continues to make waves due to significant advancements related to its ecosystem and...