Cryptocurrency Market

  • Market Cap: $2,259,003,562,376.91
  • 24h Vol: $127,155,769,339.10
  • BTC Dominance: 56.42%

Cryptocurrency

indian-authority-cracks-down-on-highrich-online’s-crypto-operations

Indian Authority Cracks Down on Highrich Online’s Crypto Operations

India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […]

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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 Coinbase

A 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.

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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 Assets

Stand 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

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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 Adoption

Hunter 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”

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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 Currencies

Felix 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

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bitcoin-technical-analysis:-btc-faces-downward-pressure-amid-market-uncertainty

Bitcoin Technical Analysis: BTC Faces Downward Pressure Amid Market Uncertainty

Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical analysis across multiple time frames indicates a prevailing downtrend, highlighting critical support and resistance levels for traders. Bitcoin Bitcoin’s hourly

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south-african-retailer-accepting-btc-sees-significant-increase-in-monthly-crypto-transactions

South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions

The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees More Crypto Transactions in

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permissionless-restaking-protocol-symbiotic-launches-raising-$5.8-million-in-seed-round

Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in

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binance-ceo-sees-2024-as-a-‘landmark-year’-for-crypto

Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other

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landmark-ruling:-crypto-dealings-not-illegal-in-india,-says-high-court

Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court

The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under

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