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Cryptocurrency News

Location American Cryptocurrency News for 8 June 2024
South African Police Nab Alleged Mastermind of Metaverse Ponzi Scheme Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigati...
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Central Banks Boost Gold Reserves by 33 Tonnes in April Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of pur...
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Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound Cryptocurrency traders believe that the recent market downturn is just a "shakeout" and there is a "bullish continuation" on the horizon.
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New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurr...
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Ripple CEO Expects SEC to Approve Spot XRP ETF Next Year Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations ...
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Bitmex Founder Arthur Hayes Advises to 'Go Long on Bitcoin' as G7 Central Banks May Slash Rates Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emph...
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Roaring Kitty's GME shares hit $1B, BTC open interest soars, and other news: Hodler's Digest, June 2-8 GameStop trader Roaring Kitty sees his GME stake rise to $1 billion, Bitcoin open interest spikes and new U.S. laws target digital assets.
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Allegations of 'Rug Pull' Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain...
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Blackrock's IBIT Leads as US Spot Bitcoin ETFs Enjoy 19th Day of Inflows U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 millio...
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Rising NFT Sales Highlight Market Recovery: $133M in Weekly Sales Recorded During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week's NF...
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Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations Amid Friday’s downturn, following bitcoin’s decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial b...
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BTC's 'Strange' Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Follo...
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Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital ...
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Bitcoin return to $71K would wipe $1.38B shorts

Coin Telegraph - 8 Jun 2024 11:55
Bitcoin return to $71K would wipe $1.38B shorts If Bitcoin returns to the price it had been hovering around for the previous two days before the slight dip, it would wipe out a considerable number of short positions.
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BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest Bitcoin lingers lower following a "doubly strange" U.S. trading session, with BTC price support in question.
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Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted ...
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Donald Trump doubles down on crypto support at fundraiser event -- Report Donald Trump reportedly announced his goal to be the "crypto president" at the event, where he raised $12 million.
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TON Foundation Announces Plans to Widen Access to USDT on Ton The TON Foundation has announced a partnership with Tether to broaden the access of global crypto communities to USDT on the TON blockchain. The foundation has outlined plans to integrate TON-based USDT into at least a h...
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