Day: 6 June 2024

Decentralised digital infrastructure, Dora Factory, has successfully rounded up the launch of a one-million Minimal Anti-Collusion Infrastructure (MACI) voting contract on the Dora Vota mainnet.  The digital platform announced this development on X on Thursday, June 6, 2024, while also noting that it has commenced a second round of the ...

Binance has announced the launch and public trading of IO, a new token from its Launchpool. IO powers the IO.NET ecosystem, a decentralized AI and cloud computing platform, marking the 55th project in Binance's incubator program. According to the announcement, trading for the new coin will be exclusive to Binance ...

Retail investing platform Robinhood has agreed to a $200 million acquisition of European crypto exchange Bitstamp as it seeks to expand its operations to international markets and serve institutional customers. The company disclosed this move in a press release and social media post on June 6. It stated that this ...

Author of the popular financial book, "Rich Dad Poor Dad," Robert Kiyosaki, has predicted that Bitcoin will hit $350,000 by August 25, 2024 In a recent social media post, Kiyosaki expressed confidence in the cryptocurrency's long-term prospects while emphasizing that though this prediction is speculative, it is not a lie. ...

The Federal Government of Nigeria has confirmed it is following due process in the legal case against cryptocurrency platform Binance and one of its executives, Tigran Gambaryan, who are accused of illegal cryptocurrency trading in Nigeria. The Minister of Information and National Orientation, Mohammed Idris, assured that the trial is ...

Experts and commentators on social media platform X have raised significant concerns about a potential law that grants the U.S. president extensive powers to block access to digital assets.   This proposed regulation is part of a new bill, "Intelligence Authorization Act for Fiscal Year 2025," that is expected to be ...

Bitcoin's open interest (OI) has risen significantly by over $2 billion within three days, sparking concerns among traders about a potential "whipsaw" effect on its price. Open interest refers to the total number of unsettled derivative contracts, such as options or futures, and an increase usually indicates heightened speculation on ...

Bitcoin mining company Riot Platforms (RIOT) experienced a decline in its stock price on Wednesday, June 5, 2024, following an announcement by the short-selling firm Kerrisdale Capital.  Earlier in the day, the stock dropped 9.6% to $8.84 within the first hour of trading on the Nasdaq. RIOT's stock continued to ...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned cryptocurrency exchanges that providing investor disclosures does not shield them from regulatory scrutiny. In a recent interview with CNBC, Gensler emphasized that disclosures are insufficient if crypto exchanges engage in market manipulation or disseminate misleading information affecting investment decisions. ...