Cryptocurrency
BIS Crypto Warning: Stablecoins and Public Ledgers Flawed, Report Says
The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate the development of tokenized forms of...
Cryptocurrency
Will Bitcoin Price Recover in July?
Bitcoin (BTC) is heading for its worst monthly loss since mid-2022, with BTC down roughly 18.5% in June as price struggles to hold the psychological $60,000 support level. BTC/USD monthly chart. Source: TradingViewWill Bitcoin’s downside momentum extend in July,...
Cryptocurrency
Vitalik Buterin-Linked Address Moves 7,000 ETH to Fresh Wallet
TL;DRAn address historically linked to Ethereum co-founder Vitalik Buterin transferred 7,000 ETH to a newly generated wallet.
The transferred ETH was valued around $11 million in the discovery pack.
Risk note: Do not use dumping, selling, or panic sell-off framing.https://x.com/EyeOnChain/status/2070818207292907749...
Cryptocurrency
Binance Sees $400M in Weekly Net Outflows Before MiCA Deadline
Binance recorded over $400 million in net outflows during the week beginning June 22, as the cryptocurrency exchange announced the withdrawal of its Markets in Crypto-Assets Regulation (MiCA) license application in Greece.According to DefiLlama data viewed by Cointelegraph on...
Cryptocurrency
Grayscale’s Pandl Says Strategy’s $3B Bitcoin Sale Could Restore Confidence
Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years.In a Saturday X post, Pandl argued that...
Cryptocurrency
BTC price news: Bitcoin under $60,000 on track for a rare back-to-back quarterly loss
Bitcoin dipped below $60,000 over the weekend, trading around $59,940 on Sunday, down 0.6% over 24 hours and nearly 7% on the week, per CoinDesk data, as a quarter of selling neared its final days.The altcoins again led the...
Cryptocurrency
Sequencer Bug Caused Two Base Network Outages in a Week
A sequencer bug was responsible for two outages of the Coinbase layer-2 network Base last week, according to a post-mortem. The Base engineering team said in a Saturday post-mortem that they identified a bug in sequencer block-building logic that allowed...
Cryptocurrency
Robert Kiyosaki Says Gold May Be Starting $35K Bull Run After Latest Purchase
Key TakeawaysGold jumped $62 after Robert Kiyosaki said he bought, as he pointed to technical analysis and a possible market turn.Jim Rickards’ gold forecast underpinned Kiyosaki’s bullish outlook amid rising economic pressure.Kiyosaki also signaled he is watching gold, silver,...
Cryptocurrency
Fidelity Defends Bitcoin’s Long-Term Security Model
Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time.The report, authored...
Cryptocurrency
50K BTC Flow Adds Pressure To Bitcoin Price: Will The Sell-off Deepen?
Bitcoin (BTC) is showing fresh signs of short-term holder capitulation after roughly 50,000 BTC moved to exchanges at a loss over the past day. At the same time, the market capitalization of short-term holders fell to $237.7 billion, its...
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Berlin Pride attack suspect shot and killed during police operation
Speaking to reporters on Sunday, German Interior Minister Alexander Dobrindt said evidence pointed to it being an "Islamist terror...