The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.” Source: https://cointelegraph.com/news/ethiopia-cbdc-economic-reform
Month: June 2024
Bitcoin, Dogecoin, and Ethereum Volatility Drive $290 Million in Liquidations
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 Volatility in the prices of Bitcoin, Ethereum, and Dogecoin today didn’t substantially affect most traders, as each of the three cryptocurrencies ended up roughly where they…
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have been affected by corruption cases involving crypto, watchers report that these tools will keep diverting funds from regular channels. Venezuelan […] Source: https://news.bitcoin.com/venezuela-likely-to-keep-using-crypto-to-bypass-new-set-of-us-sanctions/
Not Just ‘Notcoin’: The Hottest Telegram Games That Let You Earn Crypto
Notcoin led to this year’s biggest and buzziest gaming token launch so far, but the Telegram mini app will not be a one-off sensation. Hamster Kombat has already surged to greater heights in terms of pre-token players, claiming more than 150 million users already ahead of its launch on The Open Network (TON), while other games on Telegram are gaining…
Digital asset funds see biggest weekly outflow since March
According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14. Source: https://cointelegraph.com/news/digital-asset-funds-biggest-outflow-since-march
Not Lovin’ It? McDonald’s Bails on AI Drive-Thru Trial
Global fast food giant McDonald’s is ending a two-year test of using artificial intelligence to take customer orders in its drive-thrus. While the specific technology, provided by IBM, is being phased out next month, according to a report by Restaurant Business, the company still sees a place for AI in its order-taking process. McDonald’s began testing the drive-thru chatbot in…
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a […] Source: https://news.bitcoin.com/us-listed-bitcoin-miners-hit-record-market-cap-of-22-8-billion-jpmorgan-says/
VanEck to Launch First Bitcoin ETF on Australian Securities Exchange
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 Global investment firm VanEck said it has received regulatory approval to launch a Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) on June 20,…
Crypto trading firm Cumberland secures New York BitLicense
The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services. Source: https://cointelegraph.com/news/cumberland-new-york-bitlicense
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of […] Source: https://news.bitcoin.com/us-supreme-court-to-hear-nvidias-bid-to-dismiss-crypto-related-lawsuit/