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Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty

Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty

Ripple is pointing to the recent Terraform Labs settlement in a bid to reduce their own penalty from the U.S. Securities and Exchange Commission (SEC). Earlier this week, the SEC reached a $4.47 billion settlement with Terraform Labs after the stablecoin firm was found liable for defrauding investors of $40 billion in the 2022 TerraUSD […]

The post Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty appeared first on The Daily Hodl.

JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit

JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit

A new proposed class-action lawsuit accuses JPMorgan Chase of illegally sending sensitive personal information on its own customers directly to Facebook. In a complaint filed in the U.S. District Court for the Southern District of New York, plaintiff Daniel Onn alleges JPMorgan has violated the California Invasion of Privacy Act on a massive scale. According […]

The post JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit appeared first on The Daily Hodl.

El Salvador plans to advance Bitcoin integration into its banking system

El Salvador drafts a reform proposal to create a private investment bank to provide financial services to Bitcoin investors.

The post El Salvador plans to advance Bitcoin integration into its banking system appeared first on Crypto Briefing.

Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data

Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data

One lucky trader is looking at huge profits after one Solana (SOL)-based memecoin soared over 1,200% in just three weeks, according to on-chain data. Blockchain tracking firm Lookonchain says that one pre-sale participant in Beercoin (BEER) just made off with more than $1 million in profit. “A BEER pre-sale participant is selling BEER, and he […]

The post Crypto Trader Nets 25x Profit on Solana-Based Memecoin That’s Exploded Over 1,200% in Three Weeks: On-Chain Data appeared first on The Daily Hodl.

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […]

SEC slashes Ripple penalty to $102 million

The SEC has cut its settlement demand for Ripple from $2B to $102.6M, following legal debates and comparisons to similar financial cases.

The post SEC slashes Ripple penalty to $102 million appeared first on Crypto Briefing.

Innovative Block Size Upgrade Takes Spotlight at Bitcoin Cash Bliss Conference

Innovative Block Size Upgrade Takes Spotlight at Bitcoin Cash Bliss ConferenceFollowing the BCH Bliss conference, a focal event for Bitcoin Cash enthusiasts held May 14-15 in Ljubljana, Slovenia, Jonathan Silverblood introduced a Bitcoin Cash Podcast on X, featuring a collection of tracks from the event. This gathering also celebrated the “Jessica” upgrade, which launched the network’s innovative adaptive block size limit. BCH Bliss 2024: A […]

Vitalik Buterin endorses TiTok AI for onchain image storage

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application.

Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain.

Buterin highlighted TiTok’s blockchain potential on the decentralized social media platform Farcaster, stating “320 bits is basically a hash. Small enough to go on chain for every user.”

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Trader Says Top-10 Altcoin Looks ‘Incredibly Strong,’ Updates Outlook on Ethereum, Solana and Render

Trader Says Top-10 Altcoin Looks ‘Incredibly Strong,’ Updates Outlook on Ethereum, Solana and Render

A widely followed trader and analyst says that blue skies are ahead for a large-cap altcoin even amid a marketwide correction. The trader pseudonymously known as Altcoin Sherpa tells his 217,300 followers on the social media platform X that the native token of layer-1 blockchain Toncoin (TON) is in a strong uptrend after hitting an […]

The post Trader Says Top-10 Altcoin Looks ‘Incredibly Strong,’ Updates Outlook on Ethereum, Solana and Render appeared first on The Daily Hodl.

Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners

Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin MinersThe bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […]

Electrocoin Launches Its New Cryptocurrency Exchange Platform, Electrocoin Trade

Electrocoin Launches Its New Cryptocurrency Exchange Platform, Electrocoin TradePRESS RELEASE. One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and […]

Chinese Gang Arrested for Exploiting Digital Yuan

Chinese Gang Arrested for Exploiting Digital YuanIn Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]

Ethereum Primed To Explode by up to 470% Amid Incoming ‘Mega Pump,’ Says Crypto Analyst – Here’s the Timeline

Ethereum Primed To Explode by up to 470% Amid Incoming ‘Mega Pump,’ Says Crypto Analyst – Here’s the Timeline

A widely followed cryptocurrency analyst and trader believes that Ethereum (ETH) could go up by triple-digit percentage points from the current price. The analyst pseudonymously known as Credible tells his 396,700 followers on the social media platform X that Ethereum could rise to a five-figure price during the current cycle. “ETH to $10,000 minimum by […]

The post Ethereum Primed To Explode by up to 470% Amid Incoming ‘Mega Pump,’ Says Crypto Analyst – Here’s the Timeline appeared first on The Daily Hodl.

How to use blockchain and smart contracts in procurement

Discover the transformative power of blockchain and smart contracts in revolutionizing procurement processes, enhancing transparency and streamlining supply chain management.

Traditional procurement faces challenges like manual processes, a lack of transparency, limited supplier competition and a reactive approach, hindering efficiency and adaptation.

Traditional procurement processes often face myriad challenges that hinder efficiency, transparency and cost-effectiveness. One of the most prominent issues is the reliance on manual, paper-based systems, which are prone to errors, delays and a lack of visibility. This often leads to difficulties in tracking orders, managing inventory and ensuring compliance with regulations. Additionally, communication and collaboration between stakeholders can be fragmented, causing misalignment and delays in decision-making.

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56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says CoinbaseA Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […]

Veteran Trader Peter Brandt Issues Bitcoin Alert, Says BTC Flashing Bearish Signal – Here Are His Targets

Veteran Trader Peter Brandt Issues Bitcoin Alert, Says BTC Flashing Bearish Signal – Here Are His Targets

Seasoned trader Peter Brandt is expressing bearish sentiment on Bitcoin (BTC) as the flagship crypto asset’s price hovers about 10% below the all-time high reached three months ago. Brandt tells his 729,100 followers on the social media platform X that Bitcoin is exhibiting a bearish chart pattern on the daily time frame. Based on Brandt’s […]

The post Veteran Trader Peter Brandt Issues Bitcoin Alert, Says BTC Flashing Bearish Signal – Here Are His Targets appeared first on The Daily Hodl.

Spot Ethereum ETFs may begin trading by July 2 — Bloomberg Analyst

Bloomberg ETF analyst Eric Balchunas says his “best guess as of now” is that spot Ether ETFs will begin trading in the United States before July 2.

Spot Ethereum (ETH) exchange-traded funds (ETF) could potentially begin trading in the United States by July 2, according to Bloomberg ETF analyst Eric Balchunas.

“We are moving up our over/under date for the launch of spot Ether ETF to July 2nd,” Balchunas wrote in a June 15 post on X, noting that the United States Securities and Exchange Commission’ (SEC) staff comments on the ETF applicants S-1 applications were “pretty light, nothing major,” and asked for them back within the week.

“Decent chance they work to declare them effective the next week and get it off their plate before the holiday weekend. Anything is possible but this is our best guess as of now,” he added, referring to U.S. Independence Day, which is an annual celebration held on July 4 each

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Analysts Predict BTC Hitting $200,000 Next Year and $1 Million by 2033 — ‘We Believe Bitcoin Is in a New Bull Cycle’

Analysts Predict BTC Hitting 0,000 Next Year and  Million by 2033 — ‘We Believe Bitcoin Is in a New Bull Cycle’Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price […]

Australian securities exchange approves its first spot Bitcoin ETF

The Australian Securities Exchange has approved the VanEck Bitcoin ETF to start trading on June 20.

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — has approved its first spot Bitcoin exchange-traded fund (ETF), set to commence trading on June 20.

Investment firm VanEck will be the issuer of the spot Bitcoin ETF — the VanEck Bitcoin ETF (VBTC) — according to a VanEck press release shared with Cointelegraph. It comes only months after the firm was approved to start trading spot Bitcoin ETFs, the VanEck Bitcoin Trust (HODL) in the United States on Jan. 11.

Chief executive officer for VanEck in the Asia-Pacific region, Arian Neiron, reiterated that the demand is growing for Bitcoin exposure in Australia, especially through a “regulated, transparent and familiar investment vehicle.”

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BIS Survey: 94% of Central Banks Exploring Digital Currency

BIS Survey: 94% of Central Banks Exploring Digital CurrencyThe latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […]

Curve Finance’s Michael Egorov says $10M in bad debt fully paid

The founder reassured the Curve community that he was “committed to building Curve more than ever,” following a hack attempt.

Curve founder Michael Egorov says he has fully repaid the $10 million in bad debt resulting from soft liquidations that were triggered due to a hacking attempt on June 13.

Following the incident, Egorov took to social media to explain, “ [The] size of my positions was too large for markets to handle and caused $10M of bad debt,” before claiming he had already paid 93% of the debt.

The June 13 hack attempt resulted in soft liquidations of Egorov’s positions due to a dramatic, temporary increase in borrowing costs. At the height of the crisis, Egorov faced $140 million in liquidations due to $95 million in stablecoin debt, and a $60 million annualized fee to keep his positions open.

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ONI DEX Debuts Multi-Chain Ecosystem, Launchpads, and Innovative Earning Mechanisms

ONI DEX Debuts Multi-Chain Ecosystem, Launchpads, and Innovative Earning MechanismsONI DEX, a trailblazing decentralized exchange, is proud to announce its launch on multiple blockchains, including GALA Chain, Binance Smart Chain (BSC), and Ethereum. The platform aims to revolutionize the DeFi space by offering a comprehensive ecosystem that includes launchpads, unique earning opportunities, and a dedicated gaming category. Multi-Chain Support and GALA Chain Debut ONI […]

Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets

Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital AssetsStand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes […]

Bitcoin bank proposal gains momentum in El Salvador

The Bank for Private Investment will “diversify the financing options” available to investors in both Dollars and Bitcoin.

El Salvador’s pro-Bitcoin president Nayib Bukele is proposing the establishment of private investment banks within the nation, which if approved, will offer Bitcoin (BTC) investors access to financial services and fewer restrictions compared to traditional banks.

“As part of our economic plan for El Salvador, we propose a BPI, Bank for Private Investment, where we can diversify the financing options offered to potential investors in Dollars and Bitcoin,” the Salvadoran Ambassador to the United States Milena Mayorga wrote in a June 14 post on X.

“President Bukele hits the ground running in new term with new legislation establishing a Bitcoin Bank,” senior Bitcoin advisor to Bukele, Max Keiser, added on the same day, noting Ark Invest CEO Cathie Wood’s forecast that El Salvador’s real GDP “could scale 10-fold during the next five years” has only become “more likely.”

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Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream Adoption

Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream AdoptionHunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate” […]

US Government Seizes $5,254,133 in JPMorgan Chase Bank Accounts, Alleges Funds Stolen in Sophisticated Scheme

US Government Seizes ,254,133 in JPMorgan Chase Bank Accounts, Alleges Funds Stolen in Sophisticated Scheme

The US Government has seized $5.25 million in six bank accounts at JPMorgan Chase, alleging the funds are the proceeds of a sophisticated fraud scheme. A complaint filed by the US Justice Department says the funds were stolen from a workers union in Massachusetts that was tricked into wiring millions of dollars directly to scammers. […]

The post US Government Seizes $5,254,133 in JPMorgan Chase Bank Accounts, Alleges Funds Stolen in Sophisticated Scheme appeared first on The Daily Hodl.

Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum

Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum

Coinbase has launched support for the newly issued native token of a pirate-themed, role-playing game built on the blockchain. The top US crypto exchange’s customers can now trade PIRATE, a utility and staking token for the game Pirate Nation. The Ethereum (ETH)-based token first went live on Wednesday and is up nearly 90% in its […]

The post Top US Crypto Exchange Coinbase Rolls Out Support for New Native Token of Pirate-Themed RPG Built on Ethereum appeared first on The Daily Hodl.

El Salvador Views Bitcoin as a Tool to Liberate the Nation From Fiat Currencies

El Salvador Views Bitcoin as a Tool to Liberate the Nation From Fiat CurrenciesFelix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon. However, he said that it would be too costly. For Ulloa, bitcoin presents an opportunity to liberate the country from central banks and fiat currency. El Salvador’s Vice-President Felix Ulloa: Bitcoin Offers […]

Home miners may benefit from NiceHash, Marathon Digital collaboration

The new NiceHash firmware will combine the advantages of two products.

Cloud crypto mining platform NiceHash has introduced a new firmware product with features developed by Marathon Digital, making the mining company’s technology available to retail and home miners.

The new firmware will be marketed as NiceHash Firmware Powered by MARA. Marathon Digital is the world’s largest Bitcoin (BTC) miner by market cap and the most efficient, according to NiceHash. It mined 390 BTC in May. Marathon Digital chief technology officer Ashu Swami said:

Marathon Digital introduced new MARAFW firmware in March to roll out to its fleet of over 200,000 ASICs and its enterprise clients. NiceHash Firmware Powered by MARA will be a different product combining characteristics of both producers. Users will pay a fee of 2%, or 1.4% when using the NiceHash pool.

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Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst

Bloomberg analyst predicts July 2nd as the start date for trading spot Ethereum ETFs, with SEC approvals signaling a bullish market.

The post Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst appeared first on Crypto Briefing.