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Crypto News Source

Channel address: @cryptonewssource
Categories: Cryptocurrencies , Crypto News
Language: English
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The latest Messages

2024-06-11 20:17:49
Polygon community treasury announces grants program for builders, initially distributing 35 million MATIC

A Polygon community treasury has announced a long-term plan to spur development on the blockchain that involves unlocking 1 billion tokens over a decade. "After community consensus, the Community Treasury has been created, with 1 billion POL unlocked over 10 years, with [approximately] 100 million POL per year, all for builders," the treasury said in an announcement. POL is set to become Polygon's native token, replacing MATIC eventually.

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11.2K views17:17
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2024-06-11 08:56:00
Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports

Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations.

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11.2K views05:56
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2024-06-10 20:47:47
Spot Ethereum ETFs could capture up to 20% of Bitcoin ETF flows, analyst predicts

Spot Ethereum exchange-traded funds could capture as much as a fifth of the investment flows currently directed towards spot bitcoin ETFs, an analyst said. "Forecasts show that spot Ethereum ETFs could capture between 10-20% of the flows that have been going into spot bitcoin ETFs," Bitfinex head of derivatives Jag Kooner told The Block. However, Kooner said he believes a lot depends on clarification in the future regarding staking being allowed or denied by the U.S. Securities and Exchange Commission for spot Ethereum ETFs.

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11.3K views17:47
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2024-06-10 09:36:25
DOJ Charges Epoch Times Exec with Laundering $67M Using Cryptocurrency

The US Department of Justice (DoJ) indicted Bill Guan, the chief financial officer of Epoch Times, on Tuesday. The DOJ alleges that Guan was involved in an international scheme to launder around $67 million of illicit funds using cryptocurrency. From 2020 to May 2024, Bill Guan engaged in a large-scale international money laundering scheme, collaborating with others to launder approximately $67 million of illegal funds into the bank accounts of his media company and its related entities, according to the official press release by DOJ.

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11.3K views06:36
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2024-06-09 10:26:38
Arbitrum DAO votes to approve $215 million gaming ecosystem fund proposed by Arbitrum Foundation

Arbitrum Foundation, the organization that supports the Ethereum rollup-based Layer 2 network Arbitrum, will get its wish to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years. Organizations that significantly supported the proposal include L2Beat, Wintermute, and gaming-focused Treasure DAO, while Blockworks Research and Camelot DAO numbered among those who voted against.

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11.3K views07:26
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2024-06-07 23:51:43
JUST IN: Donald Trump calls himself a "crypto president" at San Francisco tech fundraiser.

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11.4K views20:51
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2024-06-07 07:59:58
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued

Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy crypto and do not indicate the issuance of a new Binance credit card.

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11.1K views04:59
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2024-06-06 19:59:58
Bitcoin ETFs see $1.4 billion in 2 days amid 17-day inflow streak, tying record

According to Farside data, Bitcoin (BTC) exchange-traded funds (ETFs) experienced substantial inflows on June 5, with a notable accumulation of $488.1 million. This marks 17 consecutive trading days of inflows, tying the record for the longest streak. Over the past two days alone, inflows have surged to an impressive $1.4 billion. Farside data shows that Fidelity FBTC led the inflows with $220.6 million, bringing its total net inflow to $9.6 billion.

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11.2K views16:59
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2024-06-06 09:44:58
Binance moves to dismiss most of UK Bitcoin SV case

Binance moved to dismiss most of the claims in a UK case regarding its delisting of Bitcoin SV (BSV), Reuters reported on June 5. The case also names the companies behind Kraken, Shapeshift, and Bittylicious as defendants. BitMEX Research reported that six companies related to the four exchanges appeared with legal teams before the tribunal today. Binance asked the UK Competition Appeal Tribunal during a hearing to dismiss the part of the case claiming that BSV had the potential to become a major crypto.

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11.3K views06:44
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2024-06-05 20:49:58
Short seller hits Riot Platforms, says US bitcoin miners are 'competing in a global race they cannot win'

“Bitcoin mining is easily among the worst business models for a public company we have ever encountered,” Kerrisdale Capital analysts wrote in a 17-page report this morning. “[U]npredictable revenue, capital intensive, extremely competitive, a pure commodity product, and lately drawing intense regulatory scrutiny even in crypto-friendly places like Texas where Riot has 100% of its bitcoin production.” Riot Platforms' stock is falling in Wednesday’s session after a short seller released a new report on the company and the entire U.S. bitcoin mining industry.

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11.2K views17:49
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