MLM Network Zone

The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue burden. SEC Seeks to Quash Coinbase Subpoena in […] from Bitcoin News https://ift.tt/r2Cvcwf via IFTTT

While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore, instead of relying solely on lobbying efforts or […] from Bitcoin News https://ift.tt/bfmv0dt via IFTTT

Igloo Inc., the team behind the Pudgy Penguins non-fungible tokens (NFTs) has announced the acquisition of Frame, aiming to enhance the consumer crypto experience by developing Abstractchain. This move is expected to address limitations in current layer two (L2) solutions and expand cultural and community-driven crypto adoption. Igloo Expands Crypto Infrastructure With Frame Acquisition Igloo […] from Bitcoin News https://ift.tt/6drEOml via IFTTT

The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […] from Bitcoin News https://ift.tt/xo9CRdY via IFTTT

21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed a registration statement with the SEC to launch a solana […] from Bitcoin News https://ift.tt/J5og8cj via IFTTT

According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter Thiel, the renowned billionaire and co-founder of Paypal, Palantir Technologies, and Founders Fund, shared his thoughts on bitcoin (BTC) […] from Bitcoin News https://ift.tt/Q1DrNkS via IFTTT

Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever a URL can be shared, enhancing the user experience in legacy web applications or even on X. […] from Bitcoin News https://ift.tt/LypzfIh via IFTTT

American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports […] from Bitcoin News https://ift.tt/RJplLDm via IFTTT

A recent Supreme Court ruling has neutered administrative agencies ability to unilaterally enforce new substantial regulatory requirements. bit.ly/3f7o14k http://dlvr.it/T8vqsX

Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink […] from Bitcoin News https://ift.tt/Kxtq60S via IFTTT

In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […] from Bitcoin News https://ift.tt/B5mQjdl via IFTTT

State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure […] from Bitcoin News https://ift.tt/c06g14y via IFTTT

A look at the different Bitcoin L2s beyond the Lightning Network. bit.ly/3f7o14k http://dlvr.it/T8sD51

Rebar Labs intends to provide MEV-aware infrastructure, products, and research bit.ly/3f7o14k http://dlvr.it/T8rqwV

Coinbase sued the SEC and FDIC, accusing the agencies of denying information requests and coordinating efforts to restrict the crypto industry's access to banking services. bit.ly/3f7o14k http://dlvr.it/T8rqV4

The US government moved over $240 million worth of seized Bitcoin to Coinbase, stoking fears it may sell some of its massive Bitcoin reserves and cause downward price pressure. bit.ly/3f7o14k http://dlvr.it/T8rNRh

Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from […] from Bitcoin News https://ift.tt/i3K5dDU via IFTTT

In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token. JUSTICE Token Sees Wild Fluctuations Following Julian Assange’s Release The […] from Bitcoin News https://ift.tt/om9ug2f via IFTTT

Yusef Mahmoud has been using Bitcoin to collect donations for civilians trapped in Gaza. This is what Bitcoin was meant for. bit.ly/3f7o14k http://dlvr.it/T8pc3Q

An anonymous Bitcoin donor paid over $500,000 in BTC to cover WikiLeaks founder Julian Assange's $520,000 flight home to Australia after being released from prison. bit.ly/3f7o14k http://dlvr.it/T8nnnj

The mailing list provider used by the Ethereum Foundation for updates was compromised, resulting in a phishing email. Hackers are now using addresses from the breach to send fake emails. These fraudulent emails claim a collaboration between Ethereum and LIDO, promising a high annual percentage yield (APY) for staked assets. Recipients are urged to avoid […] from Bitcoin News https://ift.tt/2iY5ksG via IFTTT

Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier […] from Bitcoin News https://ift.tt/qj3inml via IFTTT

THNDR Games popularized the notion of earning bitcoin for playing games. Now, the company is streamlining the payment infrastructure for virtual casinos and online sports betting platforms using the Bitcoin Lightning Network. bit.ly/3f7o14k http://dlvr.it/T8m37d

Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […] from Bitcoin News https://ift.tt/SDFxwB4 via IFTTT

The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and introduce downward price pressure on Bitcoin. bit.ly/3f7o14k http://dlvr.it/T8lGb2

Experts expressed optimism about Bitcoin layers and covenant technology driving future growth bit.ly/3f7o14k http://dlvr.it/T8jqNp

Former Boston Fed President Eric Rosengren has outlined the potential for two interest rate cuts this year. He cited recent Federal Open Market Committee (FOMC) discussions and stabilizing inflation trends. “I am expecting we’ll probably get some more favorable inflation numbers over the next couple of months,” he opined. ‘I Don’t Think We’re Down to […] from Bitcoin News https://ift.tt/dzvxXnC via IFTTT

Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether’s USDT. This preference exists even though Bitcoin’s proposition includes protection against the currency debasement processes […] from Bitcoin News https://ift.tt/ZbWwRAo via IFTTT

As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million, suggesting a cautious outlook on the prospects of interest rate cuts this year. Coinshares […] from Bitcoin News https://ift.tt/cqUdaLB via IFTTT

During these dangerous times, self-custody is the only tool you can trust for your economic security. bit.ly/3f7o14k http://dlvr.it/T8jYKL

Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these contracts that have not been taken advantage of and are blocked […] from Bitcoin News https://ift.tt/ywdhLNJ via IFTTT

Many prominent American policymakers, including the President and the Vice President, have become friends with a donor to Rep. Brad Sherman's campaign who has worked with the Chinese state to influence American elections. bit.ly/3f7o14k http://dlvr.it/T8jCsQ

Lightning ecosystem companies are joining forces to tackle new adoption challenges. bit.ly/3f7o14k http://dlvr.it/T8jCTG

Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024, after years of delays. bit.ly/3f7o14k http://dlvr.it/T8hpM9

According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary Authority of Singapore (MAS) has implemented stringent regulatory measures under the Payment […] from Bitcoin News https://ift.tt/Rk8cpG6 via IFTTT

Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting […] from Bitcoin News https://ift.tt/ygEdGA8 via IFTTT

In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and […] from Bitcoin News https://ift.tt/wWR1qXT via IFTTT

As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past […] from Bitcoin News https://ift.tt/8ebE2zH via IFTTT

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […] from Bitcoin News https://ift.tt/GxRD9E4 via IFTTT

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to pardon Ross Ulbricht if elected. Like former U.S. President Donald Trump, Kennedy advocates for Ulbricht’s release. Both candidates vow to stop President Joe Biden’s anti-crypto policies and oppose the creation of central bank digital currencies (CBDCs). RFK Jr. Advocates for Ross Ulbricht’s Pardon […] from Bitcoin News https://ift.tt/FjD6aE7 via IFTTT

A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […] from Bitcoin News https://ift.tt/QMsPUWu via IFTTT

The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted two prerequisites for an ‘Altcoin Season’ to emerge. Crypto Analyst Altcoin Sherpa Foresees Challenging Times for Altcoins The […] from Bitcoin News https://ift.tt/it63qdO via IFTTT

Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide opportunities for Nigerian youth. The partnership was formalized through a Memorandum of Understanding (MoU) signed […] from Bitcoin News https://ift.tt/evmox5F via IFTTT

On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […] from Bitcoin News https://ift.tt/yK2d315 via IFTTT

Anthropic, one of the largest artificial intelligence (AI) companies in the market, has released the latest iteration of its in-house large language model (LLM) Claude, identified as 3.5 Sonnet. Anthropic claims this new assistant competes with Openai’s GPT-4o, surpassing the latter in several benchmarks including Graduate Level Reasoning, Grade School Math, Multilingual Math, and Code. […] from Bitcoin News https://ift.tt/Q6MCdE0 via IFTTT

A look at the nature of different second layer systems, and how their different needs for blockspace will interact with each other and Bitcoin. bit.ly/3f7o14k http://dlvr.it/T8bYlr

Using recycled heat, Marathon is warming a town in Finland using Bitcoin mining. bit.ly/3f7o14k http://dlvr.it/T8Yh6h

The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph […] from Bitcoin News https://ift.tt/bHxndOB via IFTTT

Tyler and Cameron Winklevoss donated 15.47 BTC each to Trump, worth a combined over $2 million. bit.ly/3f7o14k http://dlvr.it/T8YRBN

Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […] from Bitcoin News https://ift.tt/3CzFerG via IFTTT