Cryptocurrency Market

  • Market Cap: $2,383,039,792,199.91
  • 24h Vol: $52,884,750,586.11
  • BTC Dominance: 56.64%

News Bytes

claims-against-collapsed-south-african-bitcoin-investment-firm-rise-to-$84.5-million

Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million

Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme. MTI […]

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uzbekistan’s-islamic-authority-retracts-fatwa-against-cryptocurrency,-issues-apology

Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that

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‘stand-with-crypto’-advocacy-alliance-surpasses-1-million-supporters

‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters

The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer and more effective regulations for the cryptocurrency industry in the U.S., the alliance has gained substantial momentum.

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binance-confirms-mastercard-and-visa-support-for-crypto-purchases-but-no-binance-credit-card-issued

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

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hulk-hogan’s-x-posts-vanish-after-hulk-meme-token’s-sharp-rise-and-fall

Hulk Hogan’s X Posts Vanish After HULK Meme Token’s Sharp Rise and Fall

A new meme token, hulkmania (HULK), has recently entered the dynamic world of meme coins. It appears to have garnered attention from the legendary wrestler Hulk Hogan’s X account, which referenced it on the social media platform. However, the post on the @hulkhogan X account has been deleted, raising the possibility that his account may

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court-strikes-down-sec’s-private-fund-regulation,-citing-overreach

Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach

The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that the SEC had overstepped its statutory limits by

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nigeria’s-anti-graft-agency-announces-reward-for-whistleblowers-exposing-local-currency-abusers

Nigeria’s Anti-Graft Agency Announces Reward for Whistleblowers Exposing Local Currency Abusers

The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law and protecting the economy from negative impacts. The commission has already secured nearly

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fbi-warns-of-crypto-scams-in-fake-work-from-home-jobs

FBI Warns of Crypto Scams in Fake Work-From-Home Jobs

The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with seemingly simple tasks like clicking buttons or rating services, promising payment through complex and deceptive crypto-based compensation structures. Victims are often tricked into making

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39%-of-family-offices-investing-or-exploring-cryptocurrencies:-bny-mellon

39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon

The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment

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first-civil-lawsuit-filed-against-crypto-platform-jpex-for-alleged-fraud

First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud

Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine months ago. The plaintiffs allege unauthorized transfers of their funds shortly

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