Article written by Ava Patel

The Winklevoss twins donate $1 million in Bitcoin (BTC) to John Deaton’s campaign

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Republican candidate John Deaton, who is competing against Senator Elizabeth Warren in Massachusetts, has received a $1 million Bitcoin donation from the Winklevoss twins, Tyler and Cameron. Tyler censured Warren, labeling her as the primary adversary of cryptocurrencies, while Cameron commended Deaton for being supportive of Bitcoin and cryptocurrencies. The twins’ endorsement is a component of a wider endeavor by the crypto community to back candidates who are in favor

Bitcoin mining profitability is at historic lows despite high trading values

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The operational efficiency of Bitcoin mining is being hindered by the rapid increase in the network’s hashrate, which has reached 635 exahashes per second (EH/s), resulting in heightened competition. Since November 2021, the hashrate, which represents the computational capacity required for transactions on proof-of-work blockchains, has increased by over thrice, coinciding with a period when Bitcoin’s price was comparable. As of July 16, the “hash price” has dropped to $51.13,

Ethereum ETFs to draw up to $1 billion monthly

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Kraken’s Head of Strategy, Thomas Perfumo, predicts that Ethereum ETFs could attract up to $1 billion in monthly investments, potentially pushing Ethereum (ETH) to new price highs and benefiting the wider crypto market. Perfumo also highlighted the upcoming US elections as a significant factor in the crypto industry’s future. He identified Ethereum ETFs as a key factor for the crypto market’s growth in the latter half of the year, with

FTX disputes the $264 million claim by Jump Trading over SRM tokens

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FTX exchange is contesting a $264 million claim by Jump Trading subsidiary Tai Mo Shan for 800 million Serum (SRM) tokens obtained through a loan agreement with Alameda Research. The collapse of FTX in 2022 led to the decline of Serum, a decentralized exchange that used SRM as its native cryptocurrency. Jump Trading seeks compensation using an options model considering SRM’s market price, volatility, and other financial factors. FTX’s legal

Italy’s new MiCA-based crypto guidelines aim to stabilize financial system

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Italy is to implement new regulations on cryptocurrencies in accordance with the EU’s Markets in Crypto-Assets Regulation (MiCA) law. The objective is to guarantee financial stability, promote innovation, and safeguard consumers. Fabio Panetta, the Governor of the Bank of Italy, unveiled the regulations in a speech delivered to the Italian Banking Association (ABI). The rules prioritize the significance of electronic money tokens (EMTs) and asset reference tokens (ARTs), which are

North Carolina Governor Roy Cooper vetoed a bill to block federal digital currencies

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North Carolina Governor Roy Cooper has vetoed a bill aimed at preventing the introduction of central bank digital currencies (CBDCs) in the state. The bill, passed unanimously by both legislative chambers, aimed to prevent CBDCs issued by the US Federal Reserve from being implemented in North Carolina. Cooper criticized the bill as vague and reactionary, arguing it did not address immediate threats and urged lawmakers to focus on passing a

Delays in the launch of Ethereum ETFs have led to market uncertainty and significant outflows

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The sentiment in the Ethereum (ETH) market is now mixed as a result of the delay in the launch of spot Ethereum ETFs. The ETFs, which were first projected to be available on July 2, are now likely to be released on July 8. However, the initial anticipation surrounding their launch has diminished. The digital fund flows data from CoinShares indicates substantial outflows, representing its most unfavorable performance since August

Coinbase and Stripe partner to integrate USDC on Base

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Coinbase and Stripe have formed a partnership to incorporate USD Coin (USDC) on the Base blockchain, hence improving Stripe’s cryptocurrency services. The alliance seeks to enhance the efficiency and affordability of money transfers across more than 150 countries, while also offering a convenient method for converting traditional currency to crypto. Stripe plans to incorporate USDC on Base into its crypto payout system, enhancing the speed and cost-effectiveness of international transfers.

Bitget lists TeleportDAO (TST) on Poolx for users to stake BGB and mine TST

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Bitget cryptocurrency exchange announced today the listing of TeleportDAO’s TST token on its innovative staking platform, PoolX. This listing allows users to reap the benefits of stake-to-mine rewards with the TST token. Deposits for TST are now open, and trading for the TST/USDT pair will commence on June 27, 2024, at 08:00 UTC. Users participating in PoolX for TeleportDAO can stake BGB tokens to mine TST. The mining period will

This wealth distribution firm launches free-for-life AI tokens

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BioMatrix.ai, a wealth distribution firm, has introduced Proof of You (PoY) AI Tokens, which are the first-ever AI tokens that are free for life. The program seeks to equalize access to digital assets and actualize Universal Basic Income (UBI) for all individuals, irrespective of their economic standing. The objective of BioMatrix.ai is to remove obstacles for individuals to participate in the digital asset industry by providing PoY AI Tokens at

Fantom (FTM) price surges 9%, outperforming major cryptos

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There has been a substantial rise in the price of Fantom (FTM) over the course of the last twenty-four hours, with the cryptocurrency reaching a high of $0.5868 and a low of $0.5390. This increase can be attributed, in large part, to the announcement of a partnership between the Fantom Foundation and Sonic Labs to develop the Sonic Labs Innovator Fund. The purpose of this fund is to hasten the

Aptos Labs partners with NBCU to transform fan experiences with Web3 and Blockchain

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Aptos Labs has announced a multi-year strategic development agreement with NBCUniversal, aiming to revolutionize fan experiences, loyalty, and gaming through blockchain technology and Web3. The agreement will explore integrating accessible blockchain technology and Web3 with NBCUniversal’s properties, connecting fandoms to the content they love. Mo Shaikh, co-founder and CEO of Aptos Labs, aims to deliver world-class, internet-grade blockchain products and solutions to the market. Universal Pictures, Vice President of Technology