Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner product. On June 4, the court found Block Earner’s contraventions serious but exempted […]
https://news.bitcoin.com/australian-regulator-appeals-court-decision-exempting-block-earner-from-penalty/

The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […]
https://news.bitcoin.com/ethiopia-approves-cbdc-launch-draft-proclamation/

A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit. Binance Exec’s Lack of Representation Leads to Lawsuit Dismissal A Nigerian Court […]
https://news.bitcoin.com/nigerian-court-dismisses-fugitive-binance-execs-rights-lawsuit/

Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant: […]
https://news.bitcoin.com/report-bitcoin-market-lacks-upward-momentum-amid-weak-demand/

Power up your crypto gaming experience with Kripty, a cool new platform crafted around what truly matters: the player. Enjoy unmatched security, quick transactions, and thousands of games. Kripty sets new standards for what a crypto gaming platform should bring to the table by providing the best possible user experience. It’s not just about playing […]
https://news.bitcoin.com/unleash-the-fun-of-crypto-casino-gaming-with-kripty-the-new-go-to-source-for-the-ultimate-player-experience/

Nasdaq-listed Microstrategy has acquired 11,931 more bitcoins for $786 million, raising its total cryptocurrency holdings to 226,331 bitcoins, valued at $8.33 billion with an average purchase price of $36,798 per coin. The acquisition was funded through proceeds from a private offering of convertible senior notes that offer a 2.25% annual interest rate. MSTR Now Hodls […]
https://news.bitcoin.com/microstrategy-increases-bitcoin-portfolio-to-226331-btc-after-latest-purchase/

This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding […]
https://news.bitcoin.com/crypto-exchanges-brace-for-eus-mica-rules-stablecoins-delisted-by-uphold-binance/

The next big meme coin launch could be just days away. Sealana (SEAL), the seal-themed token on Solana, has drawn a massive crowd during its presale phase. And with only five days remaining, will SEAL explode after it hits the open market? Sealana Draws Huge Attention with Hilarious Seal Mascot Sealana is one of the […]
https://news.bitcoin.com/sealana-token-is-being-backed-as-the-next-meme-coin-to-explode-as-presale-ends-in-just-5-days/

According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that Japan’s Bitflyer acquired the now-defunct Japanese unit of FTX. […]
https://news.bitcoin.com/bitflyer-takes-over-ftxs-defunct-japanese-unit-nhk/

According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $100 billion to $1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin Transfers In recent years, stablecoin assets have gained significant importance. On June 20, 2024, the market capitalization of all stablecoins […]
https://news.bitcoin.com/stablecoin-transfer-volumes-increase-tenfold-in-4-years-reaching-1-trillion-monthly/

Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week. Dogecoin and shiba inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Meme Coin Economy Stumbles Under $50 Billion This […]
https://news.bitcoin.com/meme-coin-meltdown-presidential-tokens-trump-and-boden-tumble-amid-market-slump/

The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing by the firm. Jump Trading Under CFTC Scrutiny Jump Trading, noted for its […]
https://news.bitcoin.com/report-claims-jump-trading-under-cftc-probe-for-crypto-activities/

Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […]
https://news.bitcoin.com/messari-founder-ryan-selkis-accuses-martin-shkreli-of-working-covertly-to-hurt-trumps-campaign-through-djt/

On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin […]
https://news.bitcoin.com/volatile-bitcoin-movement-causes-118m-in-crypto-liquidations/

Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […]
https://news.bitcoin.com/vitalik-buterin-responds-to-criticism-on-the-institutionalization-of-the-crypto-space-were-still-here/

The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph […]
https://news.bitcoin.com/holograph-begins-process-to-remove-1-billion-illegally-minted-tokens-burns-53-million-hlg/

India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […]
https://news.bitcoin.com/indian-authority-fines-crypto-exchange-binance-2-25-million-for-aml-violations/

Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […]
https://news.bitcoin.com/circle-ceo-shares-super-bullish-stance-and-unprecedented-optimism-on-crypto/

Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […]
https://news.bitcoin.com/law-enforcement-holds-positive-views-on-crypto-despite-crime-concerns-chainalysis-reports/

India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. […]
https://news.bitcoin.com/indian-authority-uncovers-large-scale-crypto-and-hawala-operation-arrests-key-player/