Daily digest for Start living with Crypto!, on 2 July 2024

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU's Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorize… Read on blog or Reader Start living with Crypto! Read on blog or Reader Circle's Stablecoins Now MiCA Compliant By on 2 July 2024 Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU's Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authorized as an e-money issuer in France, which now serves as its European headquarters. Circle's Stablecoins Achieve EU […]

Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts By on 2 July 2024 Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.

Congressman Tom Emmer has stated that the Supreme Court's decision to overturn Chevron deference significantly limits "the regulatory abuses" of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer … Read on blog or Reader Start living with Crypto! Read on blog or Reader Supreme Court's Chevron Decision Curtails SEC Chair Gensler's Regulatory Abuses, Says Congressman By on 2 July 2024 Congressman Tom Emmer has stated that the Supreme Court's decision to overturn Chevron deference significantly limits "the regulatory abuses" of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court's Chevron Ruling […]

Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. "I've learned that the hard way," he said, reflecting on lessons from his past crypto investing experiences. Portnoy r… Read on blog or Reader Start living with Crypto! Read on blog or Reader Dave Portnoy's Crypto Advice: Stick to Bitcoin — Says 'I've Learned That the Hard Way' By on 2 July 2024 Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. "I've learned that the hard way," he said, reflecting on lessons from his past crypto investing experiences. Portnoy recently declared his intention to purchase more bitcoin if its price declines substantially. Barstool's Dave Portnoy Offers Crypto […]

Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company's disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Meta… Read on blog or Reader Start living with Crypto! Read on blog or Reader Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings By on 2 July 2024 Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company's disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […]

Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $1… Read on blog or Reader Start living with Crypto! Read on blog or Reader Digital Assets See Outflows for 3rd Consecutive Week By on 2 July 2024 Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows occurred in the U.S., Brazil, and Australia, contrasted by outflows in Germany, Hong Kong, […]

Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage's custody services with Hashnote's derivat… Read on blog or Reader Start living with Crypto! Read on blog or Reader Hashnote Partners With Anchorage Digital to Offer Secure Crypto Investment Returns By on 1 July 2024 Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage's custody services with Hashnote's derivative strategies. Hashnote and Anchorage Join Forces to Reduce Counterparty Risk for Institutional Investors Investing in Crypto On Monday, Hashnote stated that the "collaboration […]

This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin hashrate drawdown reaches December 2022 levels By on 1 July 2024 This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.

Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno's latest post on the subject forecasts that Ether ETF… Read on blog or Reader Start living with Crypto! Read on blog or Reader Steno Research: Spot ETFs Will Take Ether to $6,500 Later This Year By on 1 July 2024 Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno's latest post on the subject forecasts that Ether ETFs will perform better than leading analysts have predicted, bringing up to $20 billion in inflows this […]

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day's upward movement led to $124.64 million in crypto short and… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin Bulls Advance Price, Face Resistance at $64K By on 1 July 2024 The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day's upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […]

Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend. Read on blog or Reader Start living with Crypto! Read on blog or Reader Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA By on 1 July 2024 Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend.

Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer a… Read on blog or Reader Start living with Crypto! Read on blog or Reader Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand By on 1 July 2024 Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored […]

Weak tech corporate earnings, spot Bitcoin ETF inflows and the potential arrival of a new major investor drove Bitcoin price above $63,000. Read on blog or Reader Start living with Crypto! Read on blog or Reader 3 reasons why Bitcoin (BTC) is up today By on 1 July 2024 Weak tech corporate earnings, spot Bitcoin ETF inflows and the potential arrival of a new major investor drove Bitcoin price above $63,000.

John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 5… Read on blog or Reader Start living with Crypto! Read on blog or Reader Report: Market Analyst John Hussman Warns of Major Downside for S&P 500 By on 1 July 2024 John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 50-70%. Analyst Predicts Major Stock Downturn Amid Elevated Valuations John Hussman, the president of Hussman Investment Trust, has […]

Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor support h… Read on blog or Reader Start living with Crypto! Read on blog or Reader Stack Duo Gains Tor Support for Monero and Bitcoin By on 1 July 2024 Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor support has been added for both Monero and Bitcoin, including .onion addresses, enhancing privacy and security […]

Pepe Unchained (PEPU) is the latest meme coin to catch the attention of retail traders. PEPU's creators aim to develop their own layer-2 network targeted at joke tokens. And with over $1.5 million in presale funding raised in just 15 days, the appetite… Read on blog or Reader Start living with Crypto! Read on blog or Reader This New Layer-2 Meme Coin Has Raised Over $1.5M in Just 15 Days – Could Pepe Unchained Explode? By on 1 July 2024 Pepe Unchained (PEPU) is the latest meme coin to catch the attention of retail traders. PEPU's creators aim to develop their own layer-2 network targeted at joke tokens. And with over $1.5 million in presale funding raised in just 15 days, the appetite for this ambitious project is strong. Pepe Unchained's Ambitious Layer-2 Network for […]

The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The … Read on blog or Reader Start living with Crypto! Read on blog or Reader Tether and Uquid Partner for Social Security Payments in the Philippines By on 1 July 2024 The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid has released a detailed guide for citizens on how to use USDT-TON to pay […]

Although non-fungible token (NFT) markets showed improved performance over the past week, June's sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June's NFT Market Faces Steep Decline … Read on blog or Reader Start living with Crypto! Read on blog or Reader NFT Sales Take a Hit — Last Month's Sales Dropped 46% Compared to May By on 1 July 2024 Although non-fungible token (NFT) markets showed improved performance over the past week, June's sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June's NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […]

The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May's $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin Miners' June Revenue Dips Slightly Below May By on 1 July 2024 The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May's $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin Miners' Hashprice and Revenue Decline in June Miners faced challenges during the […]

On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance c… Read on blog or Reader Start living with Crypto! Read on blog or Reader Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains By on 1 July 2024 On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin (MOG), which appreciated by 82.1% against the […]

Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this strate… Read on blog or Reader Start living with Crypto! Read on blog or Reader Robinhood Acquires AI Investment Research Platform By on 1 July 2024 Robinhood Markets, Inc. has acquired Pluto Capital Inc., an Artificial Intelligence (AI)-powered investment research platform. Pluto delivers highly-customized investment strategies based on individual customer needs and financial goals. With this strategic move, Robinhood aims to enhance its data-driven investing capabilities. Jacob Sansbury, Pluto's Founder and CEO, joins Robinhood to integrate AI across their platform. Investors […]

This week's news in cybersecurity from around the crypto space covers bug fixes, phishing scams, crypto exchange hacks and more. Read on blog or Reader Start living with Crypto! Read on blog or Reader Crypto-Sec: Phishing scammer goes after Hedera users, address poisoner gets $70K By on 1 July 2024 This week's news in cybersecurity from around the crypto space covers bug fixes, phishing scams, crypto exchange hacks and more.

Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term market volatility through du… Read on blog or Reader Start living with Crypto! Read on blog or Reader Tidal Investments Proposes Bitcoin and Gold ETF to Mitigate Market Volatility By on 1 July 2024 Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term market volatility through dual exposure to these asset classes. Tidal Looks for SEC Approval for a Leveraged Bitcoin and Gold ETF The STKD Bitcoin and […]

Bitcoin's price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency's market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin's hourly ch… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance By on 1 July 2024 Bitcoin's price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency's market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin's hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. […]

On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum… Read on blog or Reader Start living with Crypto! Read on blog or Reader Ethereum Technical Analysis: ETH Surges Northbound Ahead of Anticipated ETF Listings By on 1 July 2024 On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart highlights a strong uptrend originating around $3,348. The sharp rise […]

Joe Fortune has quickly become a notable figure in the Australian casino market, praised for its high payout rates and dedication to Australian gamblers. This news unravels the elements that have taken Joe Fortune to the pinnacles of the digital gambling… Read on blog or Reader Start living with Crypto! Read on blog or Reader Joe Fortune Ascends as a Leader in Australia's Online Casino Market By on 1 July 2024 Joe Fortune has quickly become a notable figure in the Australian casino market, praised for its high payout rates and dedication to Australian gamblers. This news unravels the elements that have taken Joe Fortune to the pinnacles of the digital gambling industry. From the start, Joe Fortune has been a trailblazer in the online gambling […]

Although many players in the blockchain industry prioritize maximizing throughput, Alex Mizrahi, co-founder of Chromaway, believes providing users with a transparent, secure, and decentralized computing environment is still equally important. So while bl… Read on blog or Reader Start living with Crypto! Read on blog or Reader Blockchain: A New Battleground in Age-Old Tussle Between Privacy Advocates and Data-Hungry Governments, Says Colored Coins Founder By on 1 July 2024 Although many players in the blockchain industry prioritize maximizing throughput, Alex Mizrahi, co-founder of Chromaway, believes providing users with a transparent, secure, and decentralized computing environment is still equally important. So while blockchain projects aspire to satisfy the basic need to transact, Mizrahi emphasizes that establishing consensus among nodes should not be the sole goal. […]

The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led… Read on blog or Reader Start living with Crypto! Read on blog or Reader German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken By on 1 July 2024 The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government's intention to liquidate some of its bitcoin holdings, originally seized in a large-scale […]

In 2024, May was the biggest month in terms of crypto losses and suffered nearly $385 million in net losses from crypto hacks. Read on blog or Reader Start living with Crypto! Read on blog or Reader Crypto hacks down by 54.2% in June, $176M lost in a month By on 1 July 2024 In 2024, May was the biggest month in terms of crypto losses and suffered nearly $385 million in net losses from crypto hacks.

The German and US governments make strategic moves with significant Bitcoin and Ethereum transfers, drawing market attention. Read on blog or Reader Start living with Crypto! Read on blog or Reader Germany, US governments move $150M in crypto By on 1 July 2024 The German and US governments make strategic moves with significant Bitcoin and Ethereum transfers, drawing market attention.

Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency's woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The bl… Read on blog or Reader Start living with Crypto! Read on blog or Reader Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency's Depreciation By on 1 July 2024 Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency's woes, will not solve the underlying problems. Proactive preparation for consequential innovations is far preferable to reactive measures. The blockchain and crypto industry is still young, and there's time for Nigeria to establish regulatory frameworks to govern its participants. Nigeria's Currency […]

Bitcoin teases a return of the bull market as the monthly and quarterly close save BTC price action from a major trend loss. Read on blog or Reader Start living with Crypto! Read on blog or Reader Was sub-$60K a bear trap? 5 things to know in Bitcoin this week By on 1 July 2024 Bitcoin teases a return of the bull market as the monthly and quarterly close save BTC price action from a major trend loss.

While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws. Read on blog or Reader Start living with Crypto! Read on blog or Reader Hawaii crypto firms no longer need MT license, regulator rules By on 1 July 2024 While being exempt from the Money Transmitter License requirement, crypto firms in Hawaii will still have to comply with any federal licensing laws.

Keith Patrick Gill, also known as "Roaring Kitty," an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, or… Read on blog or Reader Start living with Crypto! Read on blog or Reader Gamestop Whale Roaring Kitty Sued for Securities Fraud By on 1 July 2024 Keith Patrick Gill, also known as "Roaring Kitty," an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, orchestrated a pump-and-dump scheme by manipulating the public to purchase Gamestop (GME) and then […]

Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commi… Read on blog or Reader Start living with Crypto! Read on blog or Reader Blackrock's Bitcoin ETF Starts Trading in Chilean Stock Exchange By on 1 July 2024 Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commission (SEC) will now allow Chilean investors to acquire an "accessible and efficient digital asset to include […]

In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with t… Read on blog or Reader Start living with Crypto! Read on blog or Reader Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms By on 1 July 2024 In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today's leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work […]

Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound. Read on blog or Reader Start living with Crypto! Read on blog or Reader History suggests Bitcoin poised for rebound in July By on 1 July 2024 Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound.

Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus law, the … Read on blog or Reader Start living with Crypto! Read on blog or Reader Milei Reveals New Economic Phase for Argentina: Zero Monetary Issuance By on 1 July 2024 Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus law, the country has reached phase two of its economic plan, which entails having zero […]

The U.S. state of Hawaii's regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii's Regula… Read on blog or Reader Start living with Crypto! Read on blog or Reader Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses By on 1 July 2024 The U.S. state of Hawaii's regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii's Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an […]

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