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Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion

As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill,…

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Insider: ‘Vulture Contracts’ Affecting Bitcoin Mining Development in Paraguay

Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations…

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Ethereum Technical Analysis: ETH Faces Bearish Sentiment Amidst Continued Downtrend

Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached…

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Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait

On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made…

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Latam Insights: Salvadoran Government Introduces Bitcoin Banking Bill, Bitcoin to Compete With Other Currencies in Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill,…

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Pantera Capital Calls Solana the ‘Mac OS of Blockchains,’ Highlights Architecture Benefits and Growing Adoption

Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of…

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Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says

According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights…

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