The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as […] Source: https://news.bitcoin.com/worlds-largest-bank-icbc-sees-bitcoin-as-digital-gold-calls-ethereum-digital-oil/
Month: June 2024
Blockchain thriving among Fortune 500 companies, but US lags — Coinbase
Coinbase’s fourth annual corporate adoption report found that Fortune 500 companies and small businesses are adopting blockchain technology. Source: https://cointelegraph.com/news/fortune-500-blockchain-projects-us-talent-shortage
Terraform Labs and Do Kwon to Pay $4.5 Billion to Settle SEC Fraud Case
The Securities and Exchange Commission (SEC) said that Terraform Labs and its former CEO Do Kwon have agreed to pay around $4.5 billion as part of a massive settlement agreement, according to court documents filed Wednesday. The company and individual behind the $40 billion collapse of UST and LUNA in 2022 were found liable on civil fraud charges last month.…
Andrew Tate-Backed Solana Token DADDY Up 450% Amid Insider Buying Claims
Just a year after disavowing crypto, former kickboxer and social media personality Andrew Tate began a meme coin spending spree late last week, shilling a number of tokens in the process. The latest token he’s endorsed has skyrocketed past a $275 million market cap, but on-chain analysts are alleging significant insider activity ahead of the surge. DADDY is the latest in…
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto — The Trillion-Dollar Synergy Leon’s bold forecast was emphasized at the recent Consensus conference in Austin, which […] Source: https://news.bitcoin.com/bitwise-analysis-ai-and-crypto-fusion-poised-to-elevate-global-economy-by-20-trillion/
B2Broker’s New Generation Copy Trading Platform Shakes up the Market
According to an analysis by The Insight Partners, the copy trading market is predicted to increase from $2.2 billion to $4 billion by the end of this decade. Thanks to this expansion, brokers now have a significant chance to implement cutting-edge copy trading platforms that satisfy trader demands. B2Broker has introduced a new generation of […] Source: https://news.bitcoin.com/b2brokers-new-generation-copy-trading-platform-shakes-up-the-market/
‘Hamster Kombat’ Tips: How to Earn Millions More Free Coins in the Telegram Game Ahead of the Airdrop
Are you one of the more than 100 million players apparently tapping away at Telegram to earn a share of the upcoming Hamster Kombat airdrop? Hamster Kombat is the latest Telegram gaming sensation, building upon the “clicker” premise of Notcoin while layering in amusing twists as you take the role of a crypto exchange CEO—who’s also a hamster. It’s a…
GameStop Short Seller Pulls Out: ‘We Respect the Market’s Irrationality’
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Short seller Citron Research has abandoned its short position in game retailer and meme stock GameStop as the company built up a $4 billion cash reserve amid…
Crystal Intelligence Report Reveals $19 Billion Lost in Crypto Crimes Over 13 Years
In a comprehensive new report, Crystal Intelligence, a blockchain analytics firm, details a significant $19 billion in losses due to cryptocurrency crimes over the past thirteen years. The study covers a timeline from June 19, 2011, to March 6, 2024, and delves into the various types of criminal activities within the digital currency space. Study […] Source: https://news.bitcoin.com/crystal-intelligence-report-reveals-19-billion-lost-in-crypto-crimes-over-13-years/
Riot acquires 13% Bitfarms stake as CEO decries ‘poison pill‘ strategy
Bitfarms’ stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms’ attempt at a takeover. Source: https://cointelegraph.com/news/riot-stake-bitfarms-poison-pill-defense