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Cryptocurrency News

Location American Cryptocurrency News for 13 June 2024
Space and Time Unveils Sub-Second ZK Prover, Now Open-Sourced With goals set on advancing blockchain and artificial intelligence (AI) integration, Space and Time has publicly released its high-speed zero-knowledge prover, Proof of SQL, under an open software license. The team says ...
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Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process FINMA announced Thursday that FlowBank's minimum capital requirements were found to have been "significantly and seriously breached."
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Bitfarms pushes back against Riot's $950M takeover attempt Riot's $950 million buyout offer is met with resistance as Bitfarms' stakeholders and special committee deem it undervalued and not in shareholders' best interests.
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U.S. Judge Signs Off on $4.5B Terraform-Do Kwon Settlement With SEC The settlement bans Kwon and Terraform Labs from buying and selling crypto asset securities while agreeing to pay $4.5 billion in disgorgement, prejudgement interest, and civil penalties.
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Coinbase CEO Engages US Senators to Push Clear Crypto Regulations Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing c...
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HLG Down Over 60% as Exploiter Mints 1 Billion New Tokens The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter
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Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Millio...
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Nuffle Labs Raises $13 Million to Expand Modular Infrastructure for Blockchain Layers Nuffle Labs, a contributor to the Near Protocol and Ethereum, has secured $13 million in a funding round led by Electric Capital. The investment aims to enhance its modular infrastructure services across various blockcha...
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Solana Labs Launches Bond, a Blockchain Digital Customer Engagement Platform Solana Labs announced the launch of Bond, a platform that uses blockchain and cryptocurrency structures to establish links between brands and their customers. Bond will offer different features, including digital collect...
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Traders: Bitcoin price needs Bitcoin price requires high demand side liquidity to push the price out of a long-lasting consolidation.
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Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (P...
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Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer.
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Bitcoin Mining Stabilizes Power Grids Strained by AI Data Centers Bitcoin miners help expand the use of renewable energy and balance energy networks, says Ryan Condron, co-founder of Lumerin.
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Study: Ordinals and Runes Reach $1 Billion Market Cap In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growt...
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$1M bet ChatGPT won't lead to AGI, Apple's intelligent AI use, AI millionaires surge: AI Eye $1M prize to debunk hype over AGI, Apple Intelligence is modest but clever, Google is still stuck on that stupid 'pizza glue' answer. AI Eye.
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Early Buyers of Andrew Tate's DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed "insider" buying activity before the token's promotion on X shows too much of the token in too little hands.
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Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether...
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White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.
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In Defense of Fundamental Analysis Amid Memecoin Mania Engaging in memecoin markets without thorough analysis and a clear understanding of the risks involved is effectively gambling, not investing, says Jupiter Zheng, partner at HashKey Capital.
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Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.
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Bitcoin is the only decentralized currency, Tether CEO says The CEO of the company behind the world's largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.
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Bitcoin price tracks $68K as 'chicken' crypto market shrugs off US PPI Bitcoin and altcoins are unmoved by a significant inflation slowdown, as shown in the latest U.S. macro data.
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