The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements.
ICBC Sees Bitcoin as Digital Gold, Ethereum as Digital Oil
The Industrial…
Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regulatory measures. Trump promised to…
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million tokens, specifically 549,386, were minted.
Solana Blockchain Mints Over Half a Million Tokens in 30 Days
Solana has recently been a major…
Sealana (SEAL), one of the most talked-about Solana presale tokens, has passed the $4 million funding milestone.
And as the countdown begins for its highly anticipated DEX listing, investors are scrambling to buy SEAL tokens at a discount while they can.
Sealana Presale Raises $4M & Enters Final Stretch
Sealana is bringing a dose of patriotic satire to the meme coin market.
This Solana-based…
The meme coin sector has exploded to a staggering $60 billion market capitalization, reshaping the digital asset landscape and outperforming traditional crypto assets. Researchers Tanay Ved and Matías Andrade from Coinmetrics provide insights into the implications of this…
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor…
Modi Reappoints Nirmala Sitharaman as India's Finance Minister — Investors Remain Concerned Over High Crypto Taxes
June 11, 2024
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation.
Nirmala Sitharaman Reappointed as Finance Minister
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019.
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act…
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply.
Stablecoin Market…
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
June 10, 2024
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants.
Trump Reportedly to Participate in…
