U.S. spot bitcoin exchange-traded funds (ETFs) experienced inflows on Wednesday, following two consecutive days of outflows. The 11 ETFs trading in the United States amassed $100.9 million, with Fidelity’s FBTC leading the way. Fidelity’s FBTC Tops Bitcoin ETF Inflows With $51M On Wednesday, spot bitcoin ETFs reversed their two-day outflow trend. The group secured $100.9 […] Source: https://news.bitcoin.com/us-spot-bitcoin-etfs-reverse-outflows-with-100m-inflows/
Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community. Source: https://cointelegraph.com/news/terraform-labs-shuts-down-community-leads-terra
While cryptocurrencies are legal in India as of 2024, the regulations are intricate. This article unpacks the details of taxes, mining, and trading regulations—all to help you understand the current and future state of cryptocurrencies in India. Is Cryptocurrency in India Legal or Not? Cryptocurrencies in India have a somewhat complicated legal status. While cryptocurrencies are not officially recognized as…
Early-stage projects building on Manta Network can receive up to $50,000 in grants. Source: https://cointelegraph.com/news/zero-knowledge-manta-network-50-million-ecosystem-fund
After halting support for BybBit’s crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange. Source: https://cointelegraph.com/news/hidden-road-bitfinex-bybit-restriction
In a curveball move, PleasrDAO, a crypto collective that collects objects of cultural relevance, announced on Thursday that it will soon begin selling encrypted, on-chain copies of “Once Upon a Time in Shaolin,” the one-of-a-kind Wu-Tang Clan record that PleasrDAO acquired in 2021 for $4 million. The encrypted album will be made available today via a dedicated website for $1,…
The announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6. Source: https://cointelegraph.com/news/bnb-chain-binance-labs-web3-incubation-alliance
Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […] Source: https://news.bitcoin.com/digital-id-startup-spins-off-from-polygon-labs-aims-to-mitigate-ai-generated-misinformation-risks/
The European Commission’s selection of Iota’s Web3 ID solution highlights the solution’s potential to revolutionize KYC processes using distributed ledger technology and tokenization on a mass scale. Source: https://cointelegraph.com/news/eu-commission-selects-iota-web3-id-blockchain-sandbox
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the […] Source: https://news.bitcoin.com/terraform-labs-to-dissolve-after-sec-settlement-ceo-announces/
