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Cryptocurrency News

Location American Cryptocurrency News for 16 June 2024

IMF Data Shows Decline in US Dollar Dominance

Bitcoin.com - 16 Jun 2024 02:06
IMF Data Shows Decline in US Dollar Dominance Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar's share of allocated foreign reserves held by central banks and governments. Economists explained that reserve manage...
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SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty...
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Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Tr...
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Experts Warn SEC's Consolidated Audit Trail Is Unconstitutional The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented...
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Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from...
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Bitcoin uses more renewable energy, but will Tesla accept it again? Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased.
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Crypto Sector Secures $317M in Venture Capital Deals in Early June With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain proje...
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Gary Gensler could 'literally cost Joe Biden the election' -- Mark Cuban The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman's stance against cryptocurrency
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The State of Crypto Merchant Adoption in 2024

Bitcoin.com - 16 Jun 2024 22:45
The State of Crypto Merchant Adoption in 2024 Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currenc...
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Crypto startup funding eclipses $100B

Coin Telegraph - 16 Jun 2024 20:46
Crypto startup funding eclipses $100B The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic.
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Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Pax...
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Openai Reportedly Mulling For-Profit Shift

Bitcoin.com - 16 Jun 2024 20:05
Openai Reportedly Mulling For-Profit Shift Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai�...
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ETH, TON, UNI, and XMR could rally if Bitcoin clears $68,000 Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.
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Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypt...
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Trump Champions Bitcoin Mining, Vietnamese Increase Gold Buying, and More -- Week in Review Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in go...
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An Introduction to Bitcoin Ordinals

Bitcoin.com - 16 Jun 2024 12:10
An Introduction to Bitcoin Ordinals Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value ...
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Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the oppo...
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Boxing Sensation Ryan Garcia Teases the Launch of His Own Meme Coin In a series of recent social media posts, American professional boxer Ryan Garcia hinted at the creation of his own meme coin. “Whatever coin I create I will go hard asf,” Garcia stated in one post, indicating his co...
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Donald Trump vows to end Joe Biden's 'war on crypto'

Coin Telegraph - 16 Jun 2024 09:19
Donald Trump vows to end Joe Biden's 'war on crypto' United States Presidential candidate Donald Trump reiterated his intention to take a more favorable stance towards cryptocurrency compared to the current Biden administration.
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Turkish Bank Garanti BBVA Embraces Digital Assets With New Crypto Wallet and Trading Platform In a significant move towards embracing digital assets, Turkish bank Garanti BBVA has launched a crypto wallet and trading platform, “Garanti BBVA Crypto”. This platform allows customers to trade and store BTC, ETH, ...
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Bitcoin whale watching is 'useless' for information -- Traders Bitcoin whale watching is "good for social media" but not for valuable analysis, according to traders.
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Indian Authority Cracks Down on Highrich Online's Crypto Operations India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part ...
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