General category for all types of news related to the cryptocurrency world.
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
Cumberland DRW secures a BitLicense from NYDFS, joining a select group of crypto firms in New York. This milestone boosts institutional trading relationships and underscores the crypto industry’s focus on regulatory compliance. #CryptoCompliance #Update
Bitcoin consolidates post-halving despite a 55% YTD surge. Peter Schiff criticizes the value of spot BTC ETFs, yet institutional demand remains strong with BlackRock and Fidelity amassing $10B AUM. On-chain data shows holders are “hodling.” #Bitcoin #Update
The Stand With Crypto PAC endorsed 18 more candidates, split between Democrats and Republicans. Notable endorsements include @SenGillibrand, @SenRickScott, and @RepDanGoldman for their crypto and blockchain support. #Update #CryptoNews
Binance’s listing sent Solana meme coin $MEW soaring 42% to $0.0050, its highest since June. With 183k+ holders, $MEW rebounded above key indicators, but hype may fade soon. #Update
#CryptoNews
HC Wainwright reiterates a buy rating for Bitfarms ($BITF) with a $4 target. Bitfarms’ $3.7M deal boosts power capacity to 648 MW by 2025. Despite Bitcoin volatility risks, $BITF is up 30% in June. #Update
The U.S. Supreme Court will hear @nvidiadeveloper’s appeal on a securities fraud lawsuit. Accusations claim Nvidia misled investors about cryptocurrency mining revenue. This follows a $5.5M settlement and ongoing antitrust probes by FTC and DOJ. #Update
The Total Value Locked (TVL) on The Open Network (TON) has exceeded $600M, driven by a surge in DeDust exchange assets and memecoin growth. $TON hit an ATH of $8.15 and remains strong at $7.68. #Cryptocurrency #TON
Sealana ($SEAL) is in its final presale week, raising over $4M. Analysts predict strong post-launch performance. With 11K followers on X and a $7.6B Solana memecoin market, it shows bright potential. #Crypto #Update
Paul Ryan urges the U.S. to speed up stablecoin legislation to counter China’s digital finance progress. He warns China’s digital yuan could threaten $USD dominance and suggests stablecoins could boost U.S. Treasury bonds’ appeal. Ryan opposes a U.S. digital dollar. #FinanceNews
South Korea to review 600+ crypto listings in July under the new Virtual Asset User Protection Act, impacting exchanges like @UpbitGlobal, @BithumbOfficial, and Coinone. Quarterly reviews aim to enhance security and compliance. #CryptoRegulation
BlackRock’s ETF chief Samara Cohen notes advisors’ caution over Bitcoin spot ETFs despite $50B success since Jan 2024, citing volatility and fiduciary duties. 80% of buys are from self-directed investors. SEC eyes Ethereum ETFs by summer 2024. #Update
