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Cryptocurrency News

Location American Cryptocurrency News for 6 July 2024
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated th...
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Crypto Theft Surge: Hackers Steal $1.38 Billion in First Half of 2024, Doubling 2023 Figures A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with privat...
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Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTC Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July an...
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Past vs. Present -- Examining Bitcoin's History of Bull Market Corrections As of now, the price of bitcoin has decreased by 23.4% from its peak of $73,737, reached on March 14, 2024, about four months ago. Metrics indicate that this is the longest period in bitcoin’s history without a 25% dec...
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Roaring Kitty fraud suit dropped, Ethereum Foundation hacked, and more: Hodler's Digest, June 30 - July 6 Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer.
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NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previou...
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Bitcoin mining difficulty hits lowest level since March as price tops $57K The drop in mining difficulty should spell relief for the largest mining firms.
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UBS Executive Highlights AI's Impact on Banking

Bitcoin.com - 6 Jul 2024 22:50
UBS Executive Highlights AI's Impact on Banking UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to h...
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Report: Family at the Center of Sam Bankman-Fried's Campaign Contributions Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contrib...
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US Spot Bitcoin ETFs Attract $143 Million in Inflows Amid BTC Price Drop U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $143.1 million during Friday’s trading sessions, closing out the week on a positive no...
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UK High Court Grants Worldwide Freezing Order Against Craig Wright The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for ...
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Sleeping Bitcoin Wallet Transfers 1,000 BTC Worth Over $56M After a Decade On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long...
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Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M Returning to their screens following the July 4 break, U.S. traders were confronted with prices that had plunged roughly 10% from pre-holiday levels.
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Unlock the Best Free Social Casino Experience With DingDingDing Welcome Bonus and Variety of Games DingDingDing emerges as a rapidly expanding free social gaming platform distinguished by its array of unique features. The platform invites new users to explore and engage with a variet...
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2024 Election Bets Propel Polymarket to $111 Million in June Volume According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidentia...
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Intimidating Wallet Interfaces Hinder Adoption of Defi Lending Protocols, Says Crypto Veteran Decentralized finance (defi) has improved efficiency, inclusivity, and performance in consumer lending, but poor user experience remains a significant barrier to adoption, according to Thor Abbasi, co-founder of Zivoe. A...
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Bitcoin sales by gov'ts just 4% of $225B bull market inflows -- Analyst BTC selling volumes generated by nation states are a drop in the ocean this bull market, argues CryptoQuant's Ki Young Ju.
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Spot Bitcoin ETFs see record inflows post-July 4 dip

Coin Telegraph - 6 Jul 2024 10:52
Spot Bitcoin ETFs see record inflows post-July 4 dip The Bitcoin price correction provides strong opportunity for ETF investors to buy the dips.
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Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make pa...
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Bitfinex to refund investors of its failed El Salvador Hilton hotel project Bitfinex intends to refund all investors but is firstly awaiting a potential new offer from the debt issuer to keep the project alive.
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Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penal...
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Biden's Odds on Polymarket Little Changed After ABC TV Interview The president's chances of reelection remain 12% and his probability of dropping out stayed at 63%, according to traders on the crypto-based prediction market platform.
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