Cryptocurrency

According to digital asset investment firm Arca CEO Jeff Dorman, the direct impact of an eventual shutdown of Binance operations in the U.S. is irrelevant. Furthermore, non-criminal charges from the past should not destabilize Binance’s present international structures. Still, Arca’s CEO expects negative market sentiment to prevail as the crypto community cheers for CZ and Binance.Continue Reading on Coin Telegraph More

CZ claimed in a tweet on the morning of June 5, “Media gets the info before we do,” and the company had not seen the SEC complaint then. Evidence of scrambling behind the scenes may be seen in the two statements Binance issued in response to the suit. Continue Reading on Coin Telegraph More

Some Monero users have long advocated for keeping their tokens off exchanges, emphasizing that on-exchange transactions undermine user privacy by requiring personal identification data. And yet listing privacy coins on exchanges has its merits: It facilitates new user adoption, bolsters liquidity and contributes to price momentum.Continue Reading on Coin Telegraph More

Despite the ominous statement, there is no shortage of regulatory efforts to mitigate the negative impacts of AI. In China, the “improvement of governance” in digital data and AI is being discussed by President Xi Jinping and prominent members of the Communist party. The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” AI tools should be banned.Continue Reading on Coin Telegraph More

Researchers at Paraspace and BitKeep said that NFTFi added $25 million in outstanding loans from January to March. Also contributing was the introduction of a digital collectible lending protocol by NFT marketplace Blur, which surpassed $16 million in loans one day after its launch, led by Taiwanese celebrity Machi Big Brother. Yet, the real impetus was the invention of Bitcoin Ordinals, which boosted total NFT market transaction volume to $1.5 billion in March but shrunk to $330 million in May. Despite the growth, however, Paraspace and BitKeep researchers warned that liquidity concerns remain a constant theme in the sector:Continue Reading on Coin Telegraph More

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:   More

The Central American country continues efforts to drive Bitcoin (BTC) adoption after becoming the first nation to make BTC legal tender some three years ago. The latest is a renewable power generation precinct in Metapán that aims to harness solar and wind energy that will power and be monetized by Bitcoin mining operations.Continue Reading on Coin Telegraph More

The average gas fee has decreased to $7.34, an almost one-third drop from last month’s high of $20. In terms of gwei — a denomination of Ether (ETH) that represents one-billionth of one ETH — the daily median gas price has decreased to 24 gwei from a peak of almost 140 gwei last month, according to Dune Analytics.Continue Reading on Coin Telegraph More