Bitcoin’s OI jumped $2.02 billion over three days, sparking concerns among traders about a potential “whipsaw” event. Source: https://cointelegraph.com/news/bitcoin-open-interest-surges-price-volatility-crypto-traders
Month: June 2024
US appeals court says SEC exceeded authority with fund rule
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto? Source: https://cointelegraph.com/news/sec-loses-case-after-exceeding-congressional-authority
Most celeb tokens are down 66%+ since Jenner’s bizarre crypto debut
The Iggy Azalea-launched “MOTHER” is the only token launched by celebrities last week still hitting new all-time highs. It has now amassed a market cap of $130 million. Source: https://cointelegraph.com/news/celebrity-tokens-dip-one-week-after-caitlyn-jenner-crypto-debut
US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria
A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […] Source: https://news.bitcoin.com/us-lawmakers-jailed-binance-executive-us-citizen-wrongfully-detained-by-nigeria/
McDonald’s metaverse debuts in Singapore
McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards. Source: https://cointelegraph.com/news/mcdonalds-singapore-my-happy-place-metaverse
Nigeria’s Anti-Graft Agency Announces Reward for Whistleblowers Exposing Local Currency Abusers
The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law and protecting the economy from negative impacts. The commission has already secured nearly […] Source: https://news.bitcoin.com/nigerias-anti-graft-agency-announces-reward-for-whistleblowers-exposing-local-currency-abusers/
Top promoter in Forcount ‘Ponzi’ pleads guilty to wire fraud conspiracy
Part of the plea deal involved Juan Tacuri forfeiting nearly $4 million and real estate which were purchased with victim funds. Source: https://cointelegraph.com/news/forcount-ponzi-scheme-promoter-pleads-guilty
FBI Warns of Crypto Scams in Fake Work-From-Home Jobs
The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with seemingly simple tasks like clicking buttons or rating services, promising payment through complex and deceptive crypto-based compensation structures. Victims are often tricked into making […] Source: https://news.bitcoin.com/fbi-warns-of-crypto-scams-in-fake-work-from-home-jobs/
ETH ecosystem users 9X since 2020 as VanEck tips $22K by 2030
The number of daily active users in Ethereum and top layer 2s has rocketed in recent years, and VanEck analysts say this growth will continue. Source: https://cointelegraph.com/news/eth-ecosystem-users-9x-since-2020-vaneck-forecast-22k-2030
100% Bitcoin long-term hodlers are now in profit as BTC crosses $71K
Long-term Bitcoin holders are now all in the green, thanks to BTC’s recent climb above November 2021’s all-time high. Source: https://cointelegraph.com/news/bitcoin-price-long-term-holders-profit-hodl-glassnode-all-time-highs