[ad_1] A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation. The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea. Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the investment was made by Singapore-based company Das Capital SG, in which he was a partner. However, the independent Montenegrin…
Author: dfrancis36
[ad_1] Bitcoin’s growing adoption among institutional and retail investors has now extended to Australia, with the debut of the VanEck Bitcoin ETF on the country’s main stock exchange. Asia-Pacific Poised For Crypto ETF Boom? Following similar products approved in the United States and Hong Kong earlier this year, the VanEck Bitcoin ETF commenced trading on the exchange operated by the Australia Stock Exchange (ASX) with a seed investment of approximately A$985,000 ($657,000). The VanEck Bitcoin ETF launch in Australia is accompanied by the preparations of other players, such as BetaShares Holdings Pty and DigitalX, who plan to list their crypto…
[ad_1] In a market that has long been captivated by the rapid rise and often speculative nature of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE, a notable shift is underway. According to Ki Young Ju, the CEO of CryptoQuant, the once-dominant meme coins are witnessing a decline in market influence, potentially signaling a maturing cryptocurrency landscape. Related Reading The Decline of Meme Coins Dominance Ki Young Ju’s analysis reveals a significant reduction in the dominance of meme coins within the altcoin sector, a trend observed from recent market data. The dominance of meme coins in the altcoin market.…
[ad_1] The crypto market has entered an undervalued region with market intelligence platform, Santiment, revealing three major altcoins to watch out for. Santiment’s analysis has indicated the potential for these three altcoins to outperform Bitcoin (BTC), Ethereum (ETH) and XRP in this market cycle. Cardano, Shiba Inu, and Dogecoin Are The Altcoins To Watch In an X (formerly Twitter) post on June 19, Santiment indicated that the crypto market was currently undervalued, noting three popular cryptocurrencies, Cardano (ADA), Shiba Inu (SHIB) and Dogecoin (DOGE), displaying highly bullish potentials. According to Santiment’s analysis, the lower a cryptocurrency’s 30-day Market Value to…
[ad_1] On-chain data shows the memecoin Pepe currently has 80% of its holders in profit. Here’s how Dogecoin, Bitcoin, and other top coins compare. PEPE Is Among The Coins With The Highest Profitability Ratio Right Now In a new post on X, the market intelligence platform IntoTheBlock has shared a chart that shows how the various top cryptocurrencies compare against each other regarding the percentage of holders carrying a net unrealized profit currently. The analytics firm has determined these percentages using on-chain data; the transaction history of each address on a given network can reveal at what price it received…
[ad_1] In a significant development within the UK’s cryptocurrency landscape, authorities have recently apprehended two individuals linked to an alleged illicit digital currency exchange operation, reportedly involving over £1 billion. This move underscores an ongoing effort by regulatory bodies to clamp down on unregulated financial activities within the crypto sector. Arrests Made In Billion-Pound Crypto Laundering Bust The arrests, carried out by the Financial Conduct Authority (FCA) in collaboration with the London police, targeted a 38-year-old and a 44-year-old, who have since been released on bail pending further investigations. The crackdown occurred amidst increasing vigilance against money laundering activities through digital…
[ad_1] Crypto analyst Trader Tardigrade has provided insights into the Dogecoin (DOGE) future trajectory. Based on his analysis, the foremost meme coin could soon enjoy a god candle, sending its price to unprecedented heights. Dogecoin’s Massive Rally Will Send It To $7.5 Trader Tardigrade predicted in an X (formerly Twitter) post that Dogecoin will rise to as high as $7.5 when it makes its “huge surge.” He made this prediction while revealing that the meme coin had formed a triangle consolidation, which is the last phase of consolidation before Dogecoin made that massive move to the upside. Related Reading Source:…
[ad_1] The Securities and Exchange Commission (SEC) may opt not to appeal the summary judgment ruling from Judge Analisa Torres partially favoring Ripple Labs, signaling a strategic shift to avoid establishing a potentially unfavorable precedent in higher courts. This possibility has come to light as the crypto community awaits the court’s remedies phase ruling expected by the end of Summer 2024, after which the SEC’s window to appeal will open. Why The SEC May Want To Avoid An Appeal Vs. Ripple Kristina Littman, former head of the SEC’s Enforcement’s Cyber Unit, weighed in on the SEC’s potential course of action…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] Circle’s co-founder and Chief Executive Officer said he is exceptionally optimistic about crypto’s future. In an X post, the CEO noted why he’s “more bullish than ever before” on the industry. Why Is Circle CEO Bullish On Crypto? On Wednesday, Jeremy Allaire shared the reasons behind his increasing optimism with his X followers. This perspective was based on the CEO’s 35-year career. During this time, he has watched the waves of innovation and technology adoption transform several industries and improve utility for people. Allaire shares a bullish perspective with his followers. Source: Jeremy Allaire on X As he entered…