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Cryptocurrency News

Location American Cryptocurrency News for 2 July 2024
Supreme Court's Chevron Decision Curtails SEC Chair Gensler's Regulatory Abuses, Says Congressman Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The...
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Paxos Gains Full Approval From Singapore's Monetary Authority for Digital Token Services Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos's global stablecoin operations. The approval permits ...
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Bitcoin Could Get Ethereum-Style Restaking as Startup Lombard Raises $16M Lombard is partnering with staking startup Babylon to let users earn interest for "restaking" with Bitcoin - using the asset to secure other crypto networks.
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Bitcoin miner Northern Data mulls IPO for its AI unit: Report Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025.
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Circle's Stablecoins Now MiCA Compliant

Bitcoin.com - 2 Jul 2024 05:20
Circle's Stablecoins Now MiCA Compliant Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU's Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customer...
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DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to stream...
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Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a...
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Ethereum DApp volume surges by 83%, but there could be a catch Ethereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network's volume.
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Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024 Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activ...
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DCG, Top Executives Renew Push to Get New York AG's Civil Fraud Suit Dropped Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives - CEO and founder Barry Silbert and Soichiro "Michael" Moro, the former CEO of DCG's wholly-owned trading arm Genesis - have made...
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Welcome to DePIN Summer

Coin Desk - 2 Jul 2024 22:46
Welcome to DePIN Summer Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an "economy of things," where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs i...
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Bitcoin traders say BTC's trend change potential rests at $65K Bitcoin's potential trend change awaits at $65,000, where short-term traders will break even and leveraged shorts risk a major washout.
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Aave DAO Launches GHO Stablecoin on Arbitrum Network Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion Wi...
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How long will Bitcoin's price consolidation last?

Coin Telegraph - 2 Jul 2024 21:32
How long will Bitcoin's price consolidation last? Some crypto analysts expect Bitcoin's price consolidation to end based on technical chart patterns and falling exchange reserves.
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Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the centr...
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Investors Added Money to Bitcoin ETFs Even as Bitcoin Slipped 7% in June Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin tumbled 7%.
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Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cau...
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How ETFs are reshaping the crypto markets

Coin Telegraph - 2 Jul 2024 20:30
How ETFs are reshaping the crypto markets In Cointelegraph's latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethereum ETF.
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Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024 Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.
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Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.
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Crypto Exchange Kraken Is Considering Going Nuclear Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company's CTO said in an exclusive interview with CoinDesk.
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Meme Coin Price Analysis for July: Pepe, Brett, PlayDoge The crypto market is heating up in July - and meme coins are leading the way. Let's examine the prospects of Pepe, Brett, and PlayDoge, three joke tokens that might be set for big things this month. July Could Be Make or...
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