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The 2,564 bitcoin ATMs that have been built in 2024 are expected to beat the 2,861 units that were taken out in 2023. .In just the past 12 months, the number of cryptocurrency ATMs installed globally has increased by 17.8% to 38,279, bringing it ever closer to the record of 39,541 established in December 2022.
Floki Inu asked its users to avoid falling for these scams by only obtaining token information from reputable sources. A well-known memecoin project called Floki Inu has alerted its followers and the larger cryptocurrency community about continuing frauds involving illegal coins that are mistakenly linked to its name. On the Solana and Base blockchains, these
The total amount of Bitcoin that miners have received from Runes transactions over the past six days has been less than 2 Bitcoin, a sharp decline from the record 884 Bitcoin that they received on April 24. The number of average daily transactions for Runes, a new token standard on the Bitcoin blockchain, has decreased
On June 30, Bitcoin (BTC) volatility increased as traders braced themselves for “interesting” BTC price movements. On Bitstamp, BTC/USD reached intraday highs of $61,668. The pair bounced back from the day before’s local lows of $59,950, which represented a new decline below the crucial $60,000 barrier due to concerns about the stability of the BTC
Nigeria’s cryptocurrency community has welcomed Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin regulations as a step in the right direction, emphasizing that it is critical for governments to put their interests in crypto projects first in order to safeguard their national currencies. Nigerian data and policy analyst Obinna Uzoije discussed his ideas on what the
The United States Securities and Exchange Commission (SEC) has postponed the introduction of spot Ether exchange-traded funds (ETFs) in the United States, which many had anticipated to happen as early as July 2. The debut has been pushed back to mid-July or later, according to Bloomberg ETF analysts Eric Balchunas and James Seyffart. This is because the SEC has taken longer than expected to return the S-1 forms that potential spot Ether ETF issuers submitted. After reviewing the S-1 forms, the SEC asked for revisions by July 8. This revised schedule, according to Balchunas, might push out the release of the spot Ethereum ETFs until mid-to late July. Nate Geraci, president of ETF Store, stated that the most recent batch of S-1 changes was comparatively small and projected that the SEC will approve issuers for trade in a span of 14–21 days. While the precise schedule is yet unknown, the SEC has hinted at a possible summer rollout. Earlier in June, Balchunas predicted an early July ETF launch window based on a lack of significant commentary from SEC staff on the ETF applicants’ S-1 filings. The second step in the two-step process needed for the ETFs to become live is the approval of the S-1 forms. The issuers’ 19b-4 forms were approved in May, which was the first step. On May 23, the SEC accepted eight ETF bidders’ 19b-4 submissions. The S-1 forms, in contrast to the 19b-4 forms, are subject to the SEC’s review and approval timetable rather than having a set date. The clearance procedure for spot Ether ETFs is moving along without hiccups, according to SEC Chair Gary Gensler’s confirmation on June 26. Major issuers including Invesco, VanEck, iShares, Franklin Templeton, Grayscale, BlackRock, Fidelity, and 21Shares are now able to participate in the process thanks to a regulation change authorized by the SEC. Issuers like VanEck have also submitted 8-A documents in anticipation of listing on exchanges by July 8. On the other hand, Gensler asserted that it might take many months and possibly even until September for spot Ether ETFs to be listed on stock exchanges. Gensler stated that the applicants bear full responsibility for the Ether ETF listings and that the entire process hinges on their response timelines.
Decentralised exchanges and self-custodial wallets are exempt from the Internal Revenue Service’s broker reporting regulations. On June 28, the US Internal Revenue Service (IRS) unveiled the final draft of the new crypto broker reporting regulations and provided clarification on the range of industry players impacted by the new regulatory modifications. Decentralised exchanges and self-custody wallets
Judge Amy Berman Jackson, however, cited the Ripple ruling in rejecting the SEC’s argument that BNB is traded illegally on secondary markets. The nation’s securities commission has brought numerous lawsuits against cryptocurrency exchange Binance, and the company has not been able to persuade a US judge to dismiss them. According to a court filing dated
The head of the financial watchdog stated that if the money was found, it could greatly improve the continent’s infrastructure, healthcare system, and educational system. Artificial intelligence (AI) and blockchain technology have been emphasised by Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission, as instruments to combat illicit financial flows (IFFs) in
The first phase of the historic, all-encompassing law controlling digital assets by the European Union will go into force on Sunday. Europe has succeeded in providing legal and regulatory certainty for the entire digital asset market—rather than just a portion of it—with the Markets in Crypto-Asset Regulation framework, something that other countries, including the U.S.,
Just as the quiet surface of a pond might conceal the extent of the dynamic ecology underneath, there is always activity in some corner of the cryptocurrency market even when the headline stats don’t indicate anything is happening. That has been the situation lately. A bleak image of the cryptocurrency market has been painted by
Co-founder of Kraken Jesse Powell supports pro-crypto policies against regulatory crackdowns by lending $1 million in Ether to Trump. Kraken co-founder Jesse Powell said on X that he had personally contributed $1 million to Donald Trump’s 2024 presidential campaign, the most of which was made up of Ether. Powell underlined that, as the only candidate
Riot abandoned its bid to purchase all of Bitfarms’ shares at $2.30 a share, citing difficulties working with the company’s present board. Riot Platforms and Bitfarms, two of the biggest Bitcoin mining companies, are engaged in a bitter cold war. Bitfarms has named a new board member to prevent any kind of “hostile takeover.” Riot
The country’s 2014 restriction on the usage of cryptocurrencies has ended as a result of the shift in regulatory policy. In an effort to modernise its payment system, the Central Bank of Bolivia (BCB) has lifted its prohibition on Bitcoin and other cryptocurrencies, permitting financial institutions to deal with digital assets. According to the central
Cryptocurrency traders are effectively using triangle arbitrage, a trading strategy that allows them to profit from price differences of digital assets across multiple platforms. Although it is a complex strategy requiring a sophisticated skill set, the use of bots streamlines the process. A triangular arbitrageur detects irregularities in the market and executes concurrent trades across
Decentralised interchange of orderbooks After raising $17 million in investment since its founding in 2020, Bluefin will introduce its governance token in July. Prior to the token launch, the exchange, which enables users to trade cryptocurrency perpetual swaps on the Sui network, has recently secured an undisclosed amount of financing from trading behemoth Flow Traders.
“Tezos X,” a collection of technology enhancements that the Tezos blockchain development teams released, is expected to result in a “huge boost in performance, composability and interoperability.” A distinct “canonical rollup” for transaction execution is proposed in the roadmap, which lays out a development schedule for the following two years. This rollup is intended to
Collaborating to develop cryptocurrency products that provide exposure to cryptocurrency companies in addition to exchange-traded funds (ETFs) based on spot and futures trading is State Street Global Advisors and Galaxy Asset Management. To register a cryptocurrency-based fund known as the SSGA Active Trust, State Street Global Advisors, a division of State Street, a major financial
The Women’s National Basketball Association (WNBA) Commissioner’s Cup Championship saw the Minnesota Lynx overcome the New York Liberty on June 25, and women’s sports bars across the country were crowded with fans. Coinbase, the game’s sponsor, provided the entertainment. 56 people arrived at the packed Sports Bra in Portland, Oregon, to enjoy bar bites and one complimentary glass of wine or beer (no free cocktails, not even for Cointelegraph). After accepting an invitation from Coinbase or the WNBA, they also received a free T-shirt. Bars in Seattle, St. Paul, and New York City had similar incidents. As part of a multiyear agreement, Coinbase has sponsored the NBA and WNBA for the past three years. It was good timing. “The growth in the league [WNBA] has been huge. Selling out stadiums — that’s the first time it’s happened in the last couple of years,” Sports Bra operations manager Katie Leedy told Cointelegraph. According to Leedy, Coinbase got in touch with Jenny Nguyen, the owner of Sports Bra, to propose the watch party, and the bar’s management worked closely with the cryptocurrency exchange to make everything happen. According to Kate Rouch, chief marketing officer of Coinbase, Cointelegraph. “Encouraging women to participate in an updated, more empowering financial system is one reason we
The volume of deals involving bitcoin mining is increasing, as CleanSpark (CLSK) has committed to purchasing rival GRIID Infrastructure (GRDI) for $155 million in all-stock. According to a statement released on Thursday, CleanSpark will pay off the $5 million bridging loan, which represents roughly $50.9 million, and assume all of GRIID’s debt and other obligations as part of the transaction. “This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years,” said CleanSpark’s CEO Zach Bradford. “That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts.” Following the announcement, CleanSpark’s shares increased by about 4%, while GRIID’s fell by more than 50%, suggesting that traders are likely viewing the acquisition as a fire sale. The announcement coincides with a spike in bitcoin mining mergers and acquisitions (M&A) as a result of the industry’s recent halving, which further heightened competition in an already cutthroat market.A hostile takeover attempt has been going on between Riot Platforms (RIOT) and Bitfarms (BITF) recently, while Core Scientific (CORZ) is also being considered for acquisition by a cloud computing company. According to the announcement, CleanSpark expects this contract to finish in the third quarter and that by year’s end, Tennessee’s capacity will have surpassed 100 MW. Over time, that capacity will expand to 200 MW next year and more than 400 MW in 2026. Additionally, the companies have a hosting agreement in which CleanSpark will receive 20 megawatt (MW) of power capacity. After multiple delays brought on by the harsh crypto winter, GRIID was created in 2018 and went public on the Nasdaq earlier this year. At the moment, the miner operates mining sites in Limestone, Maynardville, Watertown, New York, and Lenoir City, Tennessee.
A $5 million reward is being offered by the U.S. State Department for information that results in the arrest or conviction of Ruja Ignatova, the founder of OneCoin and dubbed the “Cryptoqueen,” who disappeared in Athens in 2017. The previous reward of $250,000 offered by the Federal Bureau of Investigation (FBI) has been increased to
Securitize and alternative asset management Investcorp have partnered to explore fund tokenization potential. Within Investcorp’s Strategic Capital Group (ISCG), which was established in 2019 and has $1.5 billion in assets under management, the two companies will first create tokenized funds. In the areas of buyout, secondaries, structured equity, private credit, and real asset strategies, ISCG
According to a statement released by the U.S. Department of Justice on Tuesday, two executives from Hydrogen Technology received prison sentences for deceiving investors by tampering with the price of the HYDRO token. The DOJ said that the company’s head of financial engineering, Shane Hampton, 32, received a sentence of two years and eleven months,
Illuminate Financial and DRW Venture Capital led a $12 million Series A financing round for Crossover Markets, an ultrafast execution-only cryptocurrency trading platform. The nature of cryptocurrency trading is changing to accommodate both higher-level institutions that require a choice of venues and counterparties for trading as well as players who prefer the ease of a
The so-called PoliFi tokens, like TRUMP, TREMP, and Boden, have recovered some of their losses following a series of denials from individuals close to Donald Trump – albeit not the campaign itself – about any formal relationship between the DJT token and the Republican presidential candidate. According to CoinGecko data, the first significant token on
During the European morning hours, a wallet linked to the German Federal Criminal Police Office (BKA) transferred $24 million in bitcoin (BTC) in two separate transactions to cryptocurrency exchanges Kraken and Coinbase, according to Arkham data. A new wallet that as of Tuesday has not been identified as an exchange received an additional $30 million
The business said on Tuesday that Colosseum, a newly established startup accelerator that hosts hackathons for the Solana ecosystem, has raised $60 million for an early-stage investment. The oversubscribed fund will concentrate on pre-seed investments in certain firms chosen by Solana Hackathon winners. “It’s evident that there is a market demand for novel, specialised venture
A cryptocurrency called Toincoin makes use of cutting-edge blockchain technology to guarantee speed, security, and efficiency while facilitating transactions. The native token of The Open Network, a layer-1 blockchain renowned for its speedy transaction processing and scalability, is called Toncoin (TONNE). TONNE is currently run by the TONNE Foundation, having been created initially by the
The CEO of the South Korean cryptocurrency yield platform Delio, Jung Sang-ho, openly misled investors by claiming that their deposits were not “principal protected” when they moved their funds to the platform. Delio went bankrupt last year and is owed creditors an estimated 250 billion won ($181 million). At the second hearing of the first
On June 25, Bitcoin (BTC) reached $62,000 once again as markets gradually gained ground after the weekly start.After the Wall Street open, data indicated that the price strength of bitcoin was tentatively recovering. The day before, bulls had suffered when they fell to seven-week lows of $58,500, which set off a series of surrenders. On
