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Biweekly Crypto Roundup: Major Developments, Legal Battles, and Market Trends
June 16, 2024
The Sandbox Raises $20 Million At $1 Billion Valuation: The Sandbox secures $20 million funding to expand its creator economy in the open metaverse.UwU Lend Suffers $19.5 Million Exploit Due …
Read moreAdvanced Concept: Understanding zk-SNARKs in Blockchain
June 16, 2024
zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) are a revolutionary cryptographic tool that allows one party to prove to another that a statement is true, without revealing any information beyond …
Read moreWhopping 94% of Central Banks Pondering Wholesale CBDCs: BIS Report
June 14, 2024
According to a recent survey conducted by the Bank for International Settlements (BIS), a significant 94% of central banks worldwide are actively considering the introduction of Central Bank Digital Currencies …
Read moreBitcoin’s Sharp Decline Sees Over $150 Million in Long Positions Liquidated
June 14, 2024
Bitcoin has experienced a significant price drop, nearing a one-month low amid turbulent market conditions. Within just an hour, more than $100 million worth of long positions were liquidated as …
Read moreBitcoin ETFs Experience Significant $226M Outflow Amid ETH ETF Announcements
June 14, 2024
Bitcoin Exchange Traded Funds (ETFs) encountered a substantial outflow totaling $226.2 million on June 13, according to data from Farside. This downturn is sharply contrasted with the $100.8 million inflow …
Read moreMicroStrategy Ups Convertible Note Offering to $700M for Bitcoin Purchases
June 14, 2024
MicroStrategy has announced an increase in its convertible senior notes offering from an initially planned $500 million to $700 million. According to the company's statement, investors will be able to …
Read moreNigeria Drops Tax Evasion Charges Against Binance Executives
June 14, 2024
Nigeria's Federal Inland Revenue Service (FIRS) has dropped tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla, focusing instead on the exchange itself. According to an official statement, …
Read moreRipple Challenges SEC Penalty as Disproportionate, Citing Terraform Labs Settlement
June 14, 2024
Crypto firm Ripple has recently referenced the settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to contest the financial regulator's proposed $2 billion penalty. In a …
Read moreTesla Investors Sue Elon Musk Over Alleged Resource Diversion to xAI
June 14, 2024
Tesla shareholders have filed a lawsuit against CEO Elon Musk and other top executives, accusing them of misappropriating the company's resources for the benefit of xAI. The lawsuit, filed on …
Read moreAccess Protocol Launches $25,000 Quest With Superboard To Introduce Transferable Subscriptions
June 13, 2024
Access Protocol has announced an exciting Subscription Quest initiative in collaboration with Superboard, aiming to promote its innovative transferable subscription feature. This campaign, which boasts up to $25,000 in potential …
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