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Cryptocurrency News

Location American Cryptocurrency News for 2 July 2023
40% of South Africans Familiar With the 'Concept of Web3' -- Study Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according t...
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Crypto Exchange Kraken Ordered to Submit User Transaction Data to IRS - Here's the Latest Cryptocurrency exchange Kraken has been ordered by a judge to submit a vast amount of user information to the Internal Revenue Service (IRS) for an investigation into potential tax evasion. The United States District Cou...
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Ethereum Co-Founder Vitalik Buterin on SEC Crypto Enforcement Actions: 'The Real Competition Is the Centralized World' Vitalik Buterin, a co-founder of Ethereum, the second largest cryptocurrency project by market cap, took a stance on the recent actions that the U.S. Securities and Exchange Commission (SEC) has taken in the field of enf...
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Argentina Allows Banks to Open Yuan Accounts -- Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. "Opening yuan accounts could attract more people and enterprises to exchange Argentini...
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Former SEC Official Defends Chair Gensler -- Urges Crypto Community to Quit Personal Attacks, Focus on Facts The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law ...
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Bank of America Forecasts Transformative Role of Tokenization in Finance According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years. The report highlights the tra...
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Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn...
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LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K Bitcoin's narrow range trading may end soon and if an upside breakout happens. Meanwhile, LTC, XMR, AAVE and MKR are showing strength.
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Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized financ...
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Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that...
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Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More -- Week in Review It’s been an action-packed week in the world of finance and crypto, and moving into July, there’s a lot to cover to get up to speed: compromised Chatgpt accounts being sold on darknet markets, Bitcoin Cash’s hashra...
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Bitcoin SV Price Prediction as $400 Million Trading Volume Pushes BSV Up 30% - Are Whales Buying? Bitcoin SV has experienced a surge in price, with a remarkable 30% increase fueled by a trading volume of $400 million. This significant boost has led to speculation about the involvement of large investors, commonly kno...
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Poly Network Attacker Issues An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions.
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China-Africa Economic and Trade Expo Aims to Defy Western 'Debt Trap' Accusations, Generating $19 Billion in Trade Deals According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, an...
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Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain. This decentralized global payments network aims to s...
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