General category for all types of news related to the cryptocurrency world.
The Sandbox invests in six memecoins, including $DOGE and $SHIB, to boost crypto communities and expand its Web3 presence. This move, aligned with DWF Labs’ strategies, aims to enhance user engagement and creativity in the metaverse. #Crypto #Update
Bitcoin ($BTC) trades at $65,217, down 3.34% this week, while Ethereum ($ETH) is at $3,534, up 0.34%. Despite decreased trading volumes, 87% of $BTC supply is held at a profit, with average unrealized gains of 120%. #Update
UniCredit CEO Andrea Orcel backs the digital euro, stressing banks’ central role for successful implementation at a Mediobanca conference. ECB’s @piero_cipollone confirms banks will manage services, ensuring smooth integration. #DigitalEuro #Update
Labour Party leads in UK election polls, potentially replacing pro-crypto Conservatives. Shadow Chancellor @RachelReevesMP’s engagement with @coinbase hints at Labour’s interest in the crypto sector. Future of UK’s crypto policies remains uncertain. #Update #UKElections
Binance Labs has invested in decentralized exchange Rango to boost DeFi infrastructure and reach. Rango, supporting over 60 blockchains with $3B in transactions, partners with @TrustWallet, Exodus, Binance Web3 Wallet, and Compound. Goals: better infrastructure, more blockchains, 1B users. #Update
Nvidia ($NVDA) has become the world’s most valuable company at $3.33 trillion, surpassing Microsoft and Apple. Shares tripled in a year, closing at $135.58 after a 10-to-1 stock split. Record Q1 revenue of $26.04B highlights AI chip demand. #TechNews
Valour Inc. and The Hashgraph Association launched the first Valour Hedera (HBAR) ETP on June 18 at Frankfurt Stock Exchange, boosting HBAR by 6.10% to $0.08159. This milestone simplifies access to enterprise blockchain. #CryptoNews
Brazil’s Federal Revenue Service will summon foreign crypto exchanges like @binance, @coinbase, OKX, and KuCoin to ensure compliance with local laws. This comes as Brazilians declared $24.6B in crypto assets, a 36% rise, with $2.6B tied to foreign exchanges. #CryptoRegulation
Base Network hits a milestone with 267,000 DEX users, surpassing BNB Chain, driven by a booming meme coin market issuing 380,000+ ERC-20 tokens. With $1.582B TVL, Base ranks 7th among networks. Vitalik Buterin calls Layer 2 solutions crucial for Ethereum’s future. #Update
? Donald Trump’s crypto endorsement has led to scams targeting his supporters. Fraudsters create fake sites like “donalbjtrump[.]com” to trick donors. Netcraft reports sophisticated AI-generated scams. Stay vigilant! #CryptoScam #Update @Netcraft
Elon Musk is turning @X into an “everything app” with Venmo-like features. By mid-2024, users can store money, make payments, and shop via X Payments LLC, which has secured licenses in 28 states. #Update #FinTech
AI investments surpass cryptocurrency, says BIT Mining’s Youwei Yang. AI projects now attract more funding, while crypto assets trade within narrow price ranges. Juan Leon from Bitwise predicts combined market growth of AI and crypto could reach $20T by 2030. #Update #AI #Crypto
Iran’s central bank will pilot its digital rial on Kish Island in July, enabling cashless transactions with digital wallets and QR codes. This move aims to enhance payment security and efficiency in Iran’s financial system. #DigitalCurrency
A Taiwanese court sentenced a man to one year probation and a $930 fine for betting on elections via Polymarket. This case highlights legal complexities of crypto-based betting platforms and may lead to stricter regulations. #Update #Cryptocurrency @PolymarketHQ
