Cryptocurrency

The total number of cryptocurrencies the United States securities regulator has labeled as a security has now reached an estimated 67, after adding a few more to the list in its lawsuit against crypto exchanges Binance and Coinbase. In its case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification, while it named 13 cryptocurrencies in its Coinbase suit. The security label now applies to over $100 billion worth of the market, or around 10% of the $1.09 trillion total crypto market capitalization.Continue Reading on Coin Telegraph More

The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point. According to CoinMarketCap, its value is $0.9981 as of this writing. The current supply of TUSD is $2.04 billion, while its collateral is $2.08 billion, data from LedgerLens shows.Continue Reading on Coin Telegraph More

Per the data, a total of 184,532 traders have been liquidated over the past 24 hours, with the largest single liquidation by a trader worth $2.18 million.Unusually, this liquidation has seen both Bitcoin (BTC) and Ethereum (ETH) jostle for the lead among the most liquidated tokens. In the past 24 hours, a total of $49.87 million worth of BTC has been liquidated, while the liquidated Ethereum tokens are pegged at $45.96 million.While Bitcoin’s liquidation surpassed that of Ethereum in the 24 hour period, the tides appear to have shifted, with the latter now taking the lead in the hours before writing. Overall, more long traders were liquidated with the amount coming in at $343.1 million, with short liquidations accounting for just $42.79 million of the total figure.The trigger for this current liquidation is even more pronounced as the United States Securities and Exchange Commission (SEC) top altcoins like Cardano (ADA), Solana (SOL) and Polygon (MATIC) as investment contracts or securities. With the tag, brokerage firm Robinhood (NASDAQ:HOOD) has that it will delist the tokens by the end of the month, a sign of instability and general uncertainty for the affected cryptocurrencies.This article was originally published on U.Today More

According to local news media, the CEO suggested South Korea should focus on chips — as both system semiconductors and memory chips are needed for AI — and reduce corporate regulations to foster AI projects and work toward setting international standards.Continue Reading on Coin Telegraph More

In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart.Continue Reading on Coin Telegraph More

During an all-hands meeting observed by The Verge, Zuckerberg discussed his response to the technical features of the Vision Pro. Expressing his curiosity about Apple’s offering, Zuckerberg acknowledged that he had yet to experience the Vision Pro firsthand. He revealed that Meta’s teams had “already explored” and contemplated the constraints of laws and physics, implying that Apple’s solutions were not entirely groundbreaking. Continue Reading on Coin Telegraph More

The Tether (USDT) issuer is one of a handful of companies investing in El Salvador’s renewable power generation project. Volcano Energy is set to generate electricity from solar and wind energy in El Salvador to power future Bitcoin mining operations in the country.Continue Reading on Coin Telegraph More

The act introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the disposal of digital assets, including cryptocurrencies.Continue Reading on Coin Telegraph More