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SEC's Head of Crypto Oversight David Hirsch Resigns
June 18, 2024
David Hirsch, a senior member of the U.S. Securities and Exchange Commission (SEC) and head of the Crypto Asset and Cyber Unit within the Division of Enforcement, has recently announced …
Read moreBitcoin ETF Outflows Top $600M Amid Market Turbulence
June 17, 2024
The cryptocurrency market is exhibiting significant volatility as Bitcoin ETFs experienced substantial outflows last week. Specifically, Bitcoin ETFs shed $621 million worth of assets in a stark reversal from a …
Read moreTether Launches Over-Collateralized Synthetic Dollar aUSD Backed by Physical Gold
June 17, 2024
Tether has officially launched Alloy, a new platform introducing aUSD, a digital asset over-collateralized by Tether Gold (XAU). This innovative asset aims to combine the stability and familiarity of the …
Read moreZkSync Airdrop Surpasses 45% Token Claims Despite Technical Issues and Community Outcry
June 17, 2024
The highly anticipated zkSync airdrop is making waves in the crypto community, with nearly 45% of the ZK tokens already claimed. However, the launch has been far from smooth, as …
Read moreBiweekly 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 …
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