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Cryptocurrency News

Location American Cryptocurrency News for 12 June 2024
OKX investigates multi-million account thefts after SIM swap attacks According to SlowMist, despite the two similar phishing incidents, OKX's two-factor authentication mechanism was not the main vulnerability point.
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US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million re...
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In Conversation With Brian Nelson

Coin Desk - 12 Jun 2024 08:30
In Conversation With Brian Nelson Last October, the Financial Crimes Enforcement Network (FinCEN) - the U.S. Treasury Department's money laundering watchdog - announced a proposal to label crypto mixers as a "primary money laundering" concern, a move tha...
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Rich Dad Poor Dad Author Robert Kiyosaki Sees Bitcoin as the Easiest Way to Become a Millionaire Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.” He contrasted this with entrepreneurship, which requires si...
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Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn't focus on how the dollar's future will evolve. They warned: “If the U.S. doesn't keep its house in ...
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World's Largest Bank ICBC Sees Bitcoin as Digital Gold -- Calls Ethereum 'Digital Oil' The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles ...
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Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gro...
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Trump's Appeal to Bitcoin Miners Is a Wakeup Call for Crypto to Stay Apolitical It may seem like the industry is finally getting the political support it needs. But proceed with caution.
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B2Broker's New Generation Copy Trading Platform Shakes up the Market According to an analysis by The Insight Partners, the copy trading market is predicted to increase from $2.2 billion to $4 billion by the end of this decade. Thanks to this expansion, brokers now have a significant chanc...
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BTC reclaims $69K, derivatives signal additional upside

Coin Telegraph - 12 Jun 2024 22:53
BTC reclaims $69K, derivatives signal additional upside Bitcoin futures and options markets indicate that the prevailing sentiment remains bullish.
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The Protocol: How Optimism Filled in Its Missing Tooth In this week's newsletter, we delve into the Ethereum layer-2 network Optimism's delivery of "fault proofs," a piece of functionality that was glaringly missing even though it was at the heart of the project's security s...
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12-Month Crypto Gainers: Meme Coins Take 7 of Top 10 Spots Over the past 12 months, bitcoin (BTC) has appreciated more than 168% against the U.S. dollar, a notable performance compared to other asset classes globally. However, seven out of the top ten gainers in the past year ha...
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Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelvers...
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Ghana's Cedi Hits Record Low Against US Dollar Amid Cocoa Output Decline The Ghanaian cedi recently plunged to a record low, trading at GHS 14.9335 against the U.S. dollar, which led to its designation as the fourth-worst-performing currency globally. Additionally, a decline in cocoa producti...
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Bitcoin whale accumulation reaches pre-2020 bull run levels -- Is BTC set to break $70K? Bitcoin's short-term holder realized price rose to $63,729, suggesting a definitive breakout above the $70,000-level next.
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Price analysis 6/12: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX Favorable CPI data have helped Bitcoin reclaim the crucial $69,000 level, signaling that a move to $72,000 is possible.
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Fringe to Forefront: the Institutional Embrace of Digital Assets Bitcoin and other major assets offer unique advantages to investors seeking growth and diversification, says Jason Leibowitz.
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What ETF Approval Could Mean for Ethereum

Coin Desk - 12 Jun 2024 19:45
What ETF Approval Could Mean for Ethereum The SEC's recent decision sets Ethereum up for success in numerous new ways, says Ilan Solot, Senior Global Markets Strategist, Marex Solutions.
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'Bitcoin Layer 2' sidechains aren't really L2s: There is a better way Money has pumped into 73 Bitcoin 'Layer-2' scaling solutions this year. But many are just insecure sidechains. There is a better way.
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Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BT...
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New Viral Meme Coin Base Dawgz Raises $1M as Crypto Expert Forecasts 10x Potential Base Dawgz (DAWGZ), a brand-new multi-chain meme coin, has raised over $1 million in its presale. And now, one prominent analyst is predicting that DAWGZ could 10x from its current price after listing on DEXs. Base Dawgz...
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Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as "financial inclusion" is thrown around as a social objective. We need a viable alternative, says Noelle Ac...
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