Author: Tanishq Bodh
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Steady Growth of Crypto ATMs in 2024 Despite June Dip
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline. However, installers added 377 new ATMs during the month. Since January 2024, data shows companies have deployed a total of 2,564 crypto ATMs globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was…
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Consensys Challenges SEC Charges: Asserts Metamask is Beyond SEC Jurisdiction
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On…
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Central Bank of Bolivia Lifts Bitcoin Ban, Embracing Crypto in Financial System
The Central Bank of Bolivia has lifted its blanket ban on using Bitcoin and other cryptocurrencies in the NFS. This significant move opens the doors for integrating exchanges and other crypto service providers into the Bolivian economy. The institution has derogated a 2020 resolution that prohibited financial institutions from facilitating crypto-related payments. Central Bank of…
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Bybit Climbs to Second in Global Crypto Exchange Rankings
According to a recent Kaiko report, Bybit Exchange has surged to become the world’s second-largest cryptocurrency exchange by volume. This leap has seen it surpass Coinbase and closely trail behind Binance. Bybit’s Rise in Market Share Bybit’s market share has doubled from 8% to 16% since October. This growth is attributed to increased trading volumes…
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Mt. Gox to Begin Repayments in July; Bitcoin Slides Under $60K
The defunct crypto exchange Mt. Gox will start distributing over 140,000 Bitcoin to victims of the 2014 hack in July 2024. The repayments, in Bitcoin and Bitcoin Cash, might add selling pressure to both markets. The Rise and Fall of Mt. Gox In its prime, Mt. Gox handled 70% of Bitcoin transactions worldwide. It was…
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Standard Chartered to Launch Spot Crypto Trading for BTC & ETH
Standard Chartered to Launch Spot Crypto Trading for Bitcoin, Ethereum The British multinational banking and financial services firm, Standard Chartered, is set to launch a spot cryptocurrency trading platform for Bitcoin and Ethereum. According to sources, this new venture will handle transactions in these two major cryptocurrencies. Standard Chartered Ready to Launch Crypto Trading On…
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Tether Introduces Alloy, Merging Digital Currency with Gold Stability
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Tether has launched Alloy, a new asset combining digital currency with the stability of gold. Users can mint aUSDT using Tether Gold (XAUT) as collateral, facilitating digital payments. This represents a significant step in real-world asset tokenization, focusing on gold-backed assets. Tether Launches Alloy by Tether…
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Paxos Reduces Workforce by 20% After New Stablecoin Launch
Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing…
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Lil Pump Flaunts Solana-Inspired Tattoos Amid Crypto Turmoil
Gazzy Garcia, known professionally as Lil Pump, surprised his 15 million followers on Instagram and X by revealing two new Solana-themed tattoos. The first tattoo features the stylized name of the Solana blockchain on his forehead. The second tattoo depicts the logo of Phantom, a popular Solana wallet. On Instagram, he asked his followers, “Like…
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Gemini Settles Fraud Claim for $50 Million
Gemini to Pay $50 Million Over Fraud Claim Gemini will pay $50 million to settle fraud claims, compensating over 230,000 investors misled by the Gemini Earn program. At least 29,000 New Yorkers will benefit from this settlement. Gemini faces a ban from operating crypto lending in New York and must assist the Office of the…