In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic releases that could significantly influence the trajectory of major cryptocurrencies like […]

Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru.

TL;DR Bitcoin miners have sold the equivalent of five days of production in just 72 hours, liquidating 2,300 BTC worth approximately $145 million dollars. The selling trend began after the last halving in April, increasing economic pressure on miners and leading to a significant drop in their revenues. The situation has intensified with recent BTC […]

TL;DR ZKsync has launched its 3.0 version along with the “Elastic Chain,” a crucial upgrade to enhance Ethereum’s interoperability and efficiency. The “Elastic Chain” aims to solve liquidity fragmentation issues and user complexity in Ethereum scaling solutions. More than 20 new ZK Stack chains are scheduled to launch in 2024. ZKsync has unveiled its ‘vision’ […]

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 customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle’s Stablecoins Achieve EU […]

Shiba Inu regains some strength in background, but price remains unphased

John Helms, renowned for his expertise in financial law, will delve into the intricacies of cryptocurrency regulations, offering a clear understanding …

May marked a historic month for the crypto market after the SEC finally greenlit Ethereum exchange-traded funds (ETFs). After years of relentless pushback and tireless advocacy from pro-crypto activists, this approval presented a golden opportunity to market Ethereum in ways that have not been previously anticipated. The timing of this approval couldn’t be better. It […]

The Biden administration is imposing reporting requirements for crypto platforms to ensure that Americans file accurate taxes on digital asset transactions. On Friday, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalized rules that require crypto brokers to report to the IRS digital asset sales and exchanges starting in the calendar […]

Bitcoin’s price has been unable to maintain yesterday’s bullish momentum, and now the buyers are trying to defend the $63K level. The broader cryptocurrency market is also in a state of consolidation, and it’s interesting to see what the next direction will be. Bitcoin Bulls Try Defending $63K As seen in the chart below, Bitcoin’s […]

Bitcoin stands to potentially gain big from global liquidity trends, analysis concludes, as the June BTC price downtrend ends.

Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash […]

Circle has been registered in France as an Electronic Money Institution (EMI), making it the first global stablecoin issuer to achieve compliance with the EU’s MiCA cryptocurrency regulations. Circle’s USDC and EURC stablecoins are now the only major stablecoins that are fully compliant with the EU’s regulatory framework. Circle, the company behind the USD Coin […]

Coinbase announced a collaboration with the US Marshal Service to manage and liquidate Class 1 digital assets, valued at US$32.5 million. The partnership, showcasing institutional trust in cryptocurrencies, led to a 5% increase in Coinbase shares. Amidst this positive development, Coinbase is also engaging in legal disputes with the SEC and FDIC over regulatory clarity. […]

For years, dog-themed meme coins have dominated the crypto market, but 2024 is shaping up to be the year of the cat-themed meme coins. Leading this new trend is $MOG, which currently boasts a market cap of $680 million and is on track to become the first cat-themed meme coin to reach a $1 billion […]

The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the […]

TOKERO, global crypto-to-fiat exchange, enters new phase of development with ambitious adoption goals

Table of Contents. The Appeal of Cryptocurrency Pledges; Crypto enthusiasts Platform: A Combination of Laziness and Profitability; Unimaginable …

USDT-issuer Tether is now allowing Filipino citizens to pay their social security system contributions with crypto. According to Tether, citizens of the Philippines can now make social security payments with USDT on the TON (TON) blockchain using a UQUID card. UQUID bills itself as a “Web 3 e-commerce platform.” According to the card provider, making […]

TL;DR June 2024 saw a welcome decline in cryptocurrency losses due to crypto hacks and exploits, with a 54% drop compared to May. Total net losses for June reached approximately $176 million, a significant improvement from May’s staggering $385 million. Centralized exchanges remained the primary target for hackers, with the BtcTurk hack emerging as the […]

Silvergate Capital Corp., the parent of the now-collapsed crypto-friendly Silvergate Bank, and its top former executives have agreed to pay a combined $63 million as civil penalties to settle charges with the federal and California regulators for internal management and disclosure failures, including its dealings with crypto exchange FTX. Hefty Fine for Years of Negligence […]

Large outflows from Ether funds contrast with movements seen in Bitcoin and other cryptocurrencies.

TL;DR Bitcoin (BTC) hit an all-time high of over $73,000 in mid-March 2024, with predictions it could reach $150,000 by year-end. Analysts see potential for a BTC rally if it surpasses key resistance levels, with targets around $65,000 to $67,000 to be reached sometime this month. BTC is Yet to Make the Headlines? Despite the […]

Dogecoin is stuck below the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might eye a fresh increase toward $0.1285 or even $0.1320. DOGE price is struggling to clear the $0.1285 resistance zone. The price is trading near the $0.1240 level and the 100-hourly simple moving average. There is a short-term bullish […]

A widely followed crypto analyst says that crypto retail investors may be returning as the number of new Bitcoin (BTC) addresses rises in spite of choppy market conditions. In a new strategy session, crypto trader Ali Martinez shares a chart with his 66,000 followers on the social media platform X showing that the count of […]

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power company were allegedly involved in illegal bitcoin mining operations. […]

XRP and ADA achieve major milestone as they join PostFinance’s cryptocurrency offerings in Switzerland

July is fueling hopes for several cryptocurrency enthusiasts, ushering in the possibility of encountering a new price wave for investors to bask …

In the ever-evolving world of cryptocurrencies, new coins emerge frequently, each promising unique features and significant returns. Among these, Mpeppe (MPEPE) is rapidly gaining attention and is being hailed as the next potential Shiba Inu (SHIB). With its innovative approach and promising growth trajectory, Mpeppe (MPEPE) could indeed surpass Shiba Inu (SHIB) in terms of […]

Robinhood has acquired Pluto Capital, an AI investment research platform, to strengthen its presence in the technology space. According to the company, this acquisition promises intelligent, data-driven investing for Robinhood users, mainly focusing on personalized investment strategies and real-time insights. Integrating AI-Powered Investment Strategies By integrating Pluto, Robinhood seeks to enhance its platform with advanced […]

Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

TL;DR Polymarket surpassed $100 million in monthly trading volume in June, driven by the anticipation of the 2024 U.S. presidential elections. The “Presidential Election Winner 2024” market accumulated $203.3 million in bets, with Trump as the favorite with a 63% chance. Bets on Biden’s possible withdrawal surged after the controversial debate, with probabilities of 43% […]