Tag Archives: News

June 11 saw Bitcoin Whales purchase over $1.30 billion worth of the asset, or 20,600 BTC, to be precise. The massive interest was driven by falling BTC prices, pushing whales to bag more of it to profit later. Increased whale activity is a good sign and often associated with asset prices rising soon. This accumulation marks the most BTCs bought since February 28 as BTC rallied tremendously, rapidly moving toward the $60,000 mark. Another pointer toward BTC’s price rise in the coming months...

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....

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,...

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...

[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%

[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