TL;DR Bitcoin’s price fluctuated between $67,000 and $70K, settling at the upper mark. It’s up 8% monthly but below its all-time high, with potential for a substantial rally. Ripple’s current trial stage against the SEC over sealing financial documents continues after a new filing from the company. Shibarium, Shiba Inu’s layer-2 solution, surpassed five million…
U.S. Senator Ted Cruz, a long-time supporter of crypto, has announced the purchase of three application-specific integrated circuit (ASIC) Bitcoin miners, initiating mining operations in Iraan, Texas. Notably, Cruz has been an outspoken advocate for pro-crypto legislation. Ted Cruz Joins Bitcoin Miners In the announcement, made on X, the Senator said that he had joined…
The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync…
China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border…
Following a bullish surge towards the $71K threshold, Bitcoin faced heightened selling pressure, leading to a slight bearish rejection. However, the cryptocurrency encounters a robust support region that may lead to a renewed bullish move in the short term. Technical Analysis By Shayan The Daily Chart A detailed analysis of the daily chart reveals that…
[PRESS RELEASE – Hongkong, Hongkong, June 3rd, 2024] Term Structure, the pioneering non-custodial fixed-income protocol, has officially gone live with its mainnet on Ethereum. This launch introduces the first institutional-grade, market-driven fixed-income protocol, revolutionizing how liquidity is provided between lenders and borrowers in decentralized finance (DeFi). Users can use their LSTs and LRTs as collateral…
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi. Mexican Billionaire Ricardo…
One of the leaders in the augmented reality industry, Magic Leap, announced on May 30 that it had partnered with Google to enhance the potential of augmented reality technologies. This new collaboration aims to release unique product offerings while further expanding the longstanding relationship between the two companies. Magic Leap’s Optics Expertise Combined With Google’s…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down…
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches.…