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The crypto market is down again today. Just two of the top 100 coins have recorded increases over the past 24 hours. Moreover, the cryptocurrency market capitalization has decreased by another 3.9% to $3.38 trillion. The total crypto trading volume is at $112 billion, similar to the levels seen yesterday. TLDR: The crypto market continues…
Iran’s largest cryptocurrency exchange, Nobitex, has confirmed a major security breach that resulted in a loss of nearly $73 million from its hot wallets. The platform disclosed the incident in a Telegram post on June 19, stating that unauthorized access was detected in part of its hot wallet infrastructure. The company said it had “immediately…
Wall Street banking giant JPMorgan is taking its biggest step yet into public blockchain technology with the launch of its digital deposit token “JPMD” on Coinbase’s Base network. The move follows a June 15 trademark application for “JPMD” and will begin with a pilot phase transferring tokenized U.S. dollar deposits from JPMorgan’s wallet to Coinbase….
As complex and prestigious as modern finance and international banking have become, their early beginnings served a far more human and practical purpose. The principles that govern today’s futures markets, options, and global trade are not modern inventions — they are deeply rooted in ancient civilization. Long before Wall Street or the Chicago Board of…
The city of Spokane in the US state of Washington has banned crypto kiosks within city limits. The Spokane City Council has directed existing crypto ATM operators to remove dozens of machines found in convenience stores and gas stations. The Council, on Monday, voted unanimously on an ordinance that eliminates and prohibits crypto ATMs located…
Crypto analyst Johnny has said that Ripple’s long-anticipated IPO could drive both the company and its XRP token to new heights. Key Takeaways: Crypto analyst Johnny believes a Ripple IPO could spark a major rally for XRP. XRP has traded within a symmetrical triangle since January, with analysts expecting a breakout. Despite IPO speculation, Ripple…
Europol has dismantled one of the dark web’s longest-running marketplaces, Archetyp Market, following coordinated raids across six countries. Key Takeaways: Europol has shut down Archetyp Market, one of the dark web’s largest drug marketplaces. The takedown included arrests across Europe and the seizure of core infrastructure in the Netherlands. Experts warn the disruption may be…
Spanish bank BBVA is reportedly advising its wealthy clients to allocate between 3% and 7% of their portfolios to crypto. The allocation depends on the client’s “risk appetite”, says Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland. Speaking at the DigiAssets conference in London, the banker told Reuters that they allow up…
China’s central bank governor has laid out an ambitious plan to reshape the global financial system, calling for a shift away from dollar dominance and urging wider international adoption of the digital yuan. Speaking at the Lujiazui Forum in Shanghai on Wednesday, People’s Bank of China Governor Pan Gongsheng said Beijing will establish an international…
The US Senate on Tuesday approved the most sweeping piece of crypto legislation to date, passing the long-awaited GENIUS Act with strong bipartisan support. The vote, which cleared the chamber 68 to 30, marks the first time the Senate has advanced a regulatory framework specifically for stablecoins, a fast-growing corner of the digital asset industry….