The post Kronos; The First Public Company In the US To Accept Shiba Inu Payments appeared first on Coinpedia Fintech News
Kronos Advanced Technologies Inc becomes the first public company in the US to accept Shiba Inu payments for its products as disclosed by the company in a recent filing with the SEC. Currently, there are about 1.38 million SHIB wallet holders, who could benefit greatly from this development. With the incorporation of Shiba Inu, Kronos …
The post Bitcoin Market Update: Bullish Sentiments Rise appeared first on Coinpedia Fintech News
Bitcoin’s Open interest has rebounded to $17.47 billion, a 1.3% jump in 24 hours. The funding rate has improved, reflecting bullish sentiments. Further, Bitcoin’s network transfer volume increased by 1.57% in the last 24 hours, with a value of 481,332 BTC. Addresses also surged by 4.22%, reaching 1.37 million. Transactions, however, dipped slightly over the …
The post Governments Move $106M in Crypto as BTC and ETH Surge appeared first on Coinpedia Fintech News
In the past hour, the German and US governments moved $106M worth of BTC and ETH. Germany moved 1,500 BTC ($94.7M), sending 400 BTC ($25.3M) to Bitstamp, Kraken, and Coinbase, holding 44,692 BTC ($2.81B). The US moved 3,375 ETH ($11.75M) to a new wallet, holding 49,320 ETH ($172M). This follows a recent surge, with BTC …
The post 900M SHIB Burn Sparks Optimism Over SHIB’s Bullish Future appeared first on Coinpedia Fintech News
The latest update from Shibburn revealed that over 900 million SHIB were burnt over the past month in June. Meanwhile, today, the burn rate spiked 1400% incinerating over 301 million coins. SHIB price witnessed significant gains today reflecting the burn impact as it noted an uptick of 3.67% and is currently trading at $0.00001717. The …
The post Roaring Kitty Faces Securities Fraud Claims In A Class Action Suit Which Is Likely To Fail appeared first on Coinpedia Fintech News
Keith Gill, aka Roaring Kitty, is facing securities fraud claims in a class action lawsuit over his recent social media posts. The complaint filed on June 28, intends to sue Gill for orchestrating a ‘pump-and-dump’ scheme with a series of social media posts beginning May 13. The complaint alleges that Gill committed securities fraud by …
The post Hong Kong’s Crypto License Promotes Inclusive Crypto Trading Unlike US’ Coinbase appeared first on Coinpedia Fintech News
Lu Tingkuang of HKbitEX has highlighted Hong Kong’s regulatory framework that stands out for its inclusivity which allows trading cryptocurrencies and security tokens under a single license. This contrasts with limited regulations in other jurisdictions like the US, where players like Coinbase can only handle cryptocurrency transactions. Hong Kong has already exhibited a commitment to …
The post Nigerian Official Suggests Blockchain, AI against Illicit Financial Flows appeared first on Coinpedia Fintech News
To address the Illicit Financial Flows in Africa, the chairman of Nigeria’s Economic and Financial Crimes Commission, Olukoyede Olanipekun has underlined tools like blockchain technology and artificial intelligence. Olukoyede emphasized the $88.6 billion lost annually in African countries due to IFFs at the Pan-African Conference on Illicit Financial Flows and Taxation. The financial watchdog chair …
The post Tech Companies Confidence In Hong Kong’s Virtual Asset Market appeared first on Coinpedia Fintech News
A large number of technological companies have returned to Hong Kong in the past year which shows their confidence in the future development of Hong Kong’s virtual asset market. The financial director of OSL group underscored Hong Kong’s advantages in developing the virtual asset market. He also stated that the SAR government’s declaration on virtual …
The post DogeCoin Community Celebrates As Musk Turns 53 appeared first on Coinpedia Fintech News
Elon Musk turned 53 today as the Dogecoin community celebrates this remarkable event. A Dogecoin team member reminded that Musk’s date of birth has some sort of link with Doge Day, as the Tesla CEO had once jokingly pointed out. Doge Designer reminded the community that the world’s biggest DOGE fan was born ‘69 days …
The post Interest Rate Cut Likely In The Fourth Quarter, Says Atlanta Federal Reserve President appeared first on Coinpedia Fintech News
Atlanta Federal Reserve President, Raphael Bostic, stated on Thursday that an interest rate cut in the fourth quarter was likely, with inflation moving in the right direction, as reported by Reuters. He further included that penciled in four quarter-percentage-point rate cuts for 2025, the Fed is on a long-term arc. Fed can achieve a 2% …
The post US Government Moves 3940 BTC Worth 240M To An Exchange appeared first on Coinpedia Fintech News
The US government has reportedly moved 3,940 Bitcoins to an exchange on June 26 leading to a sell-off speculation. The Bitcoins were seized from drug trafficker Banmeet Singh worth around $240 million. The tokens were moved from the US government’s wallet which approximately holds $13.4 billion worth of crypto, to Coinbase Prime. The US government …
The post Bitcoin Price Drops To Its Multi-month Low, Ethereum Price Stuck Around $3.3K Mark! appeared first on Coinpedia Fintech News
The cryptocurrency market continues to display a bearish price action with the market leader, Bitcoin price hovering close to its $60,000 mark with a 24-hour low of $58,601.70. Reportedly, the BTC coin has recorded a correction of 5.54% within the past seven days. On the other hand, the altcoin leader, Ethereum price, has failed to …
The post Bitcoin ETFs Loose $174 Million After Mt Gox Creditors Repayment News Next Week appeared first on Coinpedia Fintech News
The spot BTC ETF outflows amounted to $174 million yesterday after it was revealed that Mt Gox’s creditors will start getting reimbursed beginning next week. In the past five trading sessions, Bitcoin ETFs have seen net outflows of $714 million. Grayscale’s GBTC fund saw the highest outflow of $90 million, while Fidelity’s FBTC fund witnessed …
The post Marc Cuban’s Ethereum Wallet Sells $100,000 in NFTs After Two-Year Dormancy appeared first on Coinpedia Fintech News
Billionaire Marc Cuban’s Ethereum wallet, “markcuban.eth,” has been actively leaping upwards, selling 14 NFTs for $38,500 and listing two more worth $66,000. After being inactive for almost two years, Cuban’s wallet witnessed activity on June 23, and dumped multiple NFTs like Pudgy Penguins and Wrapped MoonCats. The former had the highest sale for $30,578. However, …
The post Tether To Stop Supporting EOS And Algorand appeared first on Coinpedia Fintech News
Tether has stressed its commitment to maintaining a robust and initiative blockchain ecosystem for USDT and other tokens and is striving to strike a balance between maintainability, usage, and community interest. After thorough consideration, Tether has decided to discontinue support for the EOS and Algorand implementations. Tether will stop minting USDT on EOS and Algorand …
The post Samson Mow Predicts Bitcoin To Reach $1 Million Within 2025 appeared first on Coinpedia Fintech News
The Bitcoin advocate, Samson Mow, has made yet another bullish BTC statement as he shared his prediction that Bitcoin will finally reach one million within the year 2025. He tweeted that Bitcoin will likely soar even though many people may doubt such a thought. Samson Mow is known for his long-term bullish Bitcoin price predictions …
The post Bithumb To Launch CORE Korean Won Trading Pairs Today appeared first on Coinpedia Fintech News
Bithumb, the second largest exchange in South Korea has announced the launch of CORE Korean won trading pairs today. Deposits will open at 3:00 pm while withdrawals will be available from 5:00 pm. This could give CORE a major boost as Coinbase also listed CORE on June 22. Bitcoin holders can receive staking rewards by …
The post Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction! appeared first on Coinpedia Fintech News
As per the latest on-chain reports, around 5.45 Million addresses have acquired 3.03 Million BTCs between the range of $70,800 and $64,300 forming a huge supply barrier in this market. This further risks the possibility of a sharp correction in the Bitcoin price in the coming time. Theoretically, if the BTC price continues to drop, …
The post US Rep French Hill Voices Immediate Humanitarian Aid For Gambaryan appeared first on Coinpedia Fintech News
The US representative French Hill with Chrissy Houlahan visited US citizen Tigran Gambaryan in Kuje Prison in Nigeria and found him suffering from the conditions there, being denied access to adequate medical condition. Although Nigeria has dropped tax evasion charges against Tigran, the US representative feels that he’s being wrongfully detained on charges related to …
The post Schiff Predicts Bitcoin Price To Keep Going Down for Several Years appeared first on Coinpedia Fintech News
Peter Schiff has predicted Bitcoin price to continue falling over the next couple of years. Schiff quoted on X that ‘you can keep looking at that chart for the next several years while the price of Bitcoin continues to fall and the price of gold continues to rise’. Schiff has noted that Bitcoin is now …
The post BEVM Launches Ethereum Asset Bridge with OP Stack and WBTC Integration appeared first on Coinpedia Fintech News
BEVM, supported by Bitman, has introduced a relay chain on the OP Stack, utilizing Wrapped Bitcoin (WBTC) as gas. This development of the Bitcoin L-2 network aims to facilitate the easy transfer of assets between Ethereum and the BEVM network, enhancing interoperability. Moreover, the relay chain serves as a crucial bridge for token movements, ensuring …
The post Solana Blockchain Powers Teleport’s Innovative Rideshare Launch appeared first on Coinpedia Fintech News
A rideshare service called Teleport, built on the Solana blockchain, has launched with 857 drivers in its genesis city. As a result, Solana co-founder Raj Gokal praised this initiative, noting its potential for success where others have failed. The predicted success is attributed to the usage of the Trip protocol, which offers a more equitable …
The post Binance Boosts Toncoin Network Utility with USDT Integration appeared first on Coinpedia Fintech News
Binance has integrated Tether (USDT) on the Toncoin Network, improving its multi-chain offerings. Binance users can now deposit and withdraw USDT flexibly via TON during transactions. This step acts as a major strategy of Binance to support multiple chain networks, as it offers various options for digital asset management. In addition, the integration of USDT, …
The post Gemini Founders Donate $2M in Bitcoin to Support Donald Trump appeared first on Coinpedia Fintech News
Gemini co-founders Tyler and Cameron Winklevoss have donated $2 million in Bitcoin to support Donald Trump’s presidential campaign. Each brother contributed $1 million (15.47 BTC) and criticized Joe Biden’s administration for its anti-crypto stance due to concerns about regulation, security, and control, prioritizing Central Bank Digital Currency (CBDC), which aligns more with its goals. Tyler …
The post CertiK Returns $3 Million to Kraken After Public Dispute appeared first on Coinpedia Fintech News
Blockchain security company CertiK has now refunded Kraken $3m in disputed funds after a bitter public disagreement regarding ethical hacking for bug bounties. The scandal started when CertiK hacked Kraken’s system and drained nearly $3 million in cryptocurrencies from Kraken’s treasury. As for CertiK, it initially stated they were white hat hackers and reported the …
The post Pantera Capital to Raise $1 Billion for Early-Stage Crypto and AI Projects appeared first on Coinpedia Fintech News
Popular crypto venture capital firm, Pantera Capital, is about to launch a $1 billion investment fund, which is mainly targeting early-stage crypto projects. Cosmo Jiang, the portfolio manager stated that $200 million will be allocated for AI-related initiatives, as the first close of funds is expected in early 2025. Although the allocation of AI is …
The post Bernstein Predicts $200K Bitcoin by 2025 appeared first on Coinpedia Fintech News
According to Bernstein’s prediction, Bitcoin ETFs are close to approval at major wirehouses and private banks, with potential approval in Q3 or Q4. They also affirm their BTC price target of $200,000 by the end of 2025. Although skepticism prevails about the trade of ETFs being driven by retail investors, Bernstein mentions that institutional investors …
The post Massive 100 Million DOGE Transfer to Robinhood Sparks Speculation Amid Price Recovery appeared first on Coinpedia Fintech News
A huge 100 million Dogecoin, valuing $12 million, was transferred to Robinhood by the address “DF8jR”, which also has a record of more than 1,300 DOGE transactions. This is a major undertaking, which was tracked by Whale Alert, and falls parallel to Dogecoin’s price rebound to $0.125, following its recent decline. Naturally, questions have been …
The post Raoul Paul Makes Epic Prediction For Solana Amid Market Plunge appeared first on Coinpedia Fintech News
The founder and CEO of Real Vision has delivered an epic prediction for Solana, linking its potential growth to bananas, which are slowly ripening but should be magnificent in the autumn. He has exhibited his belief in a substantial future price upswing for SOL. Pal suggested that the current price drop might present a buying …
The post Crypto Market Surge As Ethereum (ETH) Delcared As Commodity By SEC, Ends Investigation! appeared first on Coinpedia Fintech News
Despite the market leader, the BTC price recorded a correction of 0.51% within the past day, the Ethereum token has surged 3.26% in valuation following the conclusion of the ongoing investigation by the SEC. Furthermore, top Ethereum-based tokens have displayed a similar trend by adding significant valuation in their respective portfolio. Notably, at the time …