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Cryptocurrency News

Location American Cryptocurrency News for 24 June 2024
Japan's Metaplanet Wants to Buy Another $6M Bitcoin The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.
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Banking Sector Poses Highest Money Laundering Risk, Singapore's Central Bank Says According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to di...
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Former Fed President Discusses Potential for 2 Interest Rate Cuts This Year Former Boston Fed President Eric Rosengren has outlined the potential for two interest rate cuts this year. He cited recent Federal Open Market Committee (FOMC) discussions and stabilizing inflation trends. “I am expec...
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Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, t...
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Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC's recent drop below $60,000.
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Insider: 'Vulture Contracts' Affecting Bitcoin Mining Development in Paraguay Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti ...
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How DePIN is poised to disrupt the cloud computing industry: Report Cointelegraph Research uncovers how DePIN networks and SwanChain's ecosystem are changing the cloud computing industry.
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Heavy Sell-Off Sees Bitcoin Drop Below $60K, Over $140M in BTC Longs Liquidated Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low of $59,809 per coin. Bitcoin Struggles Against...
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Bitcoin 'whale games' come early as BTC price swoons below $60K BTC price weakness delivers seven-week lows as whale "spoofing" across order books creates grim conditions for Bitcoin bulls.
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Why is Bitcoin DeFi blooming? Developers share their insights Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate.
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Metaplanet Directors Approve BTC Acquisition Plan; Company's Stock up by Nearly 500% YTD The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired crypt...
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Crypto investment products see $584M outflow as Bitcoin descends to $60K Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products.
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Bitcoin Threatens $60K on Mt. Gox News, but Sales Could Be Less Than Feared Prices are sharply lower on Monday after the trustee for the defunct crypto exchange said it will begin returning more than 140,000 bitcoin to clients whose assets were stolen in a 2014 hack.
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Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kit...
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4-week correction for Bitcoin? Mt. Gox, Germany gov't add sell-pressure Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany's government selling its 50,000 BTC.
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The Internet of Things Is Still Broken (But DePIN Can Fix it) Manufacturers have struggled to make services for smart devices profitable, leading to problems for consumers. But these machines could be corralled to create blockchain-linked decentralized cloud infrastructure, says E&...
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Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
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Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel ...
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New Meme Coin to Watch: Hype Builds Over PlayDoge as ICO Crosses $5M Milestone In a crypto market filled with meme coins, one dog-themed token is turning heads (and filling wallets). PlayDoge (PLAY), the virtual pet sensation, has just passed the $5 million mark in its ICO. And early investors are ...
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Jump's Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant The Wormhole hack and Terra/Luna blowup happened while he ran Jump's crypto operation.
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Tether to Stop Minting Stablecoin USDT on Algorand and EOS The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
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Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board Riot is Bitfarms' largest shareholder, owning 14.9% of the firm.
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