English News
TRUMP token whale sells for $3.7M profit as memecoin starts decline
(Coin Telegraph)-19/06/2024A large memecoin holder, or whale, has made a $3.7 million profit after selling their MAGA (TRUMP) tokens amid the current market sell-off.Whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours, for a total profit on their investment of over $3.7 million.The whale has […]
Crypto.com gains approval from Ireland’s central bank
(Coins Telegraph)-12/06/2024The Central Bank of Ireland has approved 15 different VASPs from June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others.The Central Bank of Ireland (CBI) has given a nod to another major cryptocurrency company, Crypto.com, as a virtual asset service provider (VASP).Crypto.com, one of the world’s largest crypto trading platforms, announced on June 11 that […]
BTC price risks $60K dive as Bitcoin bid liquidity thins on new 3% dip
(Coins Telegraph)-12/06/2024Data from Cointelegraph Markets Pro and TradingView showed a 3% dip taking Bitcoin to lows of $67,320 on Bitstamp after the daily close.Lacking support at the key $69,000 level, Bitcoin bulls failed to stave off a downward move through thin exchange order book liquidity.The day prior, Keith Alan, co-founder of trading resource Material Indicators, had […]
The Crypto craze is surging: Could platform tokens be a good investment?
(Coins Telegraph)-12/06/2024As BTC continues to trade sideways at high levels, the bull market momentum is unstoppable, and platform tokens are once again drawing attention.This article analyzes and compares the platform tokens of several leading platforms, focusing on three dimensions: platform token earnings, buyback and burn, and fee discounts for investors’ reference. Platform token earnings: MX […]
Donald Trump Vows to Become the ‘Crypto President’ in Fundraising Event
(Coins Telegraph)-12/06/2024Former United States President Donald Trump is ramping up his advocacy for cryptocurrency, now setting his sights on becoming the “crypto president.”He made the comment during a fundraising event in San Francisco, co-hosted by Craft Ventures’ general partner, David Sacks, and tech billionaire Chamath Palihapitiya, according to a recent Reuters report.At this gathering, Trump purportedly affirmed his […]
EU elections 2024: Pro-crypto parties pick up seats amid Green losses
(Coins Telegraph)-12/06/2024From June 6 to 9, more than 185 million people from the European Union’s 27 member states voted for candidates to serve a five-year term in a new European Parliament, the legislative branch of the political bloc.This pivotal event will shape the political direction of the EU for five years, and crypto and blockchain are no […]
Some euro zone banks may be fined after missing ECB climate goal
(Reuters)-05/06/2024Some euro zone banks have fallen short of the European Central Bank’s climate-related goals and may face fines, a senior ECB supervisor said in an interview published on Wednesday.The ECB has handed banks a list of deadlines for factoring in risks relating to climate change, from floods and droughts to a transition to new energy […]
Swiss finmin flags legal risks to winding up global banks
(Reuters)-05/06/2024International financial authorities must give consideration to legal risks surrounding the potential winding up of global banks, Swiss Finance Minister Karin Keller-Sutter was quoted as saying on Wednesday.In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller-Sutter was asked whether rules to deal with banks deemed “too big to fail” need to be standardised internationally […]
Bitcoin futures premium hits 7-week high: is the rally sustainable?
(Coin Telegraph)-05/06/2024Bitcoin gained 2.5% on June 3 to $69,400, sparking hopes that it might reclaim the $69,000 support level for the first time in 11 days. This positive price movement coincided with a surge in the Bitcoin futures premium to its highest level in seven weeks. But what does this mean for the sustainability of Bitcoin’s […]
Bitcoin NFTs hit $4B in all-time sales volume
(Coin Telegraph)-05/06/2024While the overall nonfungible token (NFT) space saw a 54% drop in sales in May, digital collectibles on Bitcoin reached a new milestone. On June 4, NFT data tracker CryptoSlam showed that NFTs on the Bitcoin blockchain reached a total all-time sales volume of over $4 billion. The data combined the NFT sales, which were $3.97 billion, […]
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
(Coin Telegraph)-05/06/2024United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. “This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC’s broader authorities regarding accounting practices,” Biden wrote in an official response to Congress voting to […]
Qatar Central Bank launches first phase of CBDC project
(Coin Telegraph)-05/06/2024The Qatar Central Bank (QCB) has completed the infrastructure for a central bank digital currency (CBDC) project and launched the first phase of an experimental project. The QCB will look at settlements of large payments among large local and international banks.Few details of the project were released. The state news agency said it would focus on […]
IMF Lifts China Growth Forecast to 5% Citing Fast 2024 Start
(Bloomberg)-29/05/2024The International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% a few weeks ago to reflect a strong expansion at the start of 2024 and additional support from the government.The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, […]
Bitcoin misses key resistance flip as BTC price falls below $68K
(Coin Telegraph)-29/05/2024BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support — to the frustration of Bitcoin bulls. saw four-day lows into the May 28 Wall Street open after holiday BTC price action deceived bulls.Bitcoin wobbles on Mt. Gox fund movementsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering below $68,000 after spiking to […]
DDoS attacks in blockchain networks, explained
(Coin Telegraph)-29/05/2024What are DDoS attacks?A distributed denial-of-service (DDoS) attack attempts to take down a website, computer or online service by flooding it with requests, depleting its capacity and affecting its ability to respond to valid requests.A DDoS attack involves hackers inserting malware into possibly thousands of internet-enabled devices, collectively referred to as a botnet, and […]
Central banks turn to generative AI for enhanced cybersecurity: BIS
(Coin Telegraph)-29/05/2024Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.The Bank for International Settlements (BIS) believes in the potential for widespread adoption of generative artificial intelligence (AI), an area in which many central banks have developed a strong interest.The […]