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Cryptocurrency News

Location American Cryptocurrency News for 18 June 2024
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price D...
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XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.
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RWA Tokenization Expands to Life Insurance with Infineo Minting $9M of Policies on Provenance Blockchain This was the first example of transferring tokenized versions of life insurance policies, the company said.
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Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021 Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
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SEC's Crypto Enforcement Chief Departs After 9 Years The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcem...
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Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and e...
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Fidelity's Director of Global Macro Sees Bitcoin as 'Exponential Gold' on Store of Value Team Fidelity Investments' Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the gr...
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JPMorgan Questions Sustainability of $12 Billion Crypto Inflows JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial infl...
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Multiple US States Have Revoked Binance US Crypto Licenses Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Ma...
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Original TRUMP Token Struggles With Exchange Listings as DJT Rockets Exchanges will list TREMP but not TRUMP, claiming the latter is "too political."
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Blackrock's Cohen Discusses Financial Advisors' Cautious Approach to Spot Bitcoin ETFs Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns...
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Traders unbothered by Bitcoin's sub-$65K levels, say BTC price remains 'high and steady' Bitcoin price requires high demand-side pressure to push the BTC out of an extended correction.
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Hashdex files with SEC for combined spot Bitcoin and Ether ETF If approved, the crypto ETF would be the first of its kind, but probably not the last.
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Why are top Bitcoin traders bullish despite BTC price dip to $64.3K? Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support.
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Transak Lists Paypal's PYUSD for Easier Crypto Access According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aimin...
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Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update,...
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CleanSpark acquires 5 mining facilities in Georgia

Coin Telegraph - 18 Jun 2024 20:45
CleanSpark acquires 5 mining facilities in Georgia The new facilities are expected to increase CleanSpark's hashrate to over 20 exahashes per second by the end of June, spokespeople claimed.
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Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup ...
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Ethereum price to $10K is the most 'asymmetric bet' in crypto -- Analyst Ether's potential move to $10,000 would result in a 194% price increase from the current levels, but ETH continues struggling to break the $4,000 mark.
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Ether ETF's Lack of Staking Won't Dampen Strong Institutional Demand, 21Shares' Ophelia Snyder Says Prospective providers of spot ether ETFs in the U.S. removed the provisions for staking from their applications to avoid potential regulatory roadblocks.
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Bitcoin analyst 'optimistic' of buying BTC lower as 3 trendlines fail BTC's price heading under $66,000 costs Bitcoin bulls several daily moving averages -- and few see a snap recovery coming next.
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Ethereum's recent pullback could be a gift: Dynamo DeFi, X Hall of Flame Dynamo DeFi isn't expecting Ethereum to double anytime soon due to the ETFs but says the recent pullback could be a "gift." X Hall of Flame.
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