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Despite the cooling sentiments in the NFT market, certain blue-chip collections have managed to remain relatively buoyant, maintaining a degree of market appeal.  Floor prices on CryptoPunks, the top tier of all NFT blue chips, have never looked so enticing to many potential collectors. Jason Yanowitz notes the collection now sits at an approximate 45 ETH floor and asks, “Is now the right time to buy a Punk?” “I’m seeing a lot of group chats,” Yanowitz says. “People are asking the question.” “It’s a very difficult question to answer,” Santiago Santos responds, explaining it mostly depends on the buyer’s intentions. “Are you collecting? Are you investing?” On the Empire podcast (Spotify/Apple), angel investor and long-time Punk holder Santos admits, “I don’t think of them as investments.” “I personally just collect stuff that I really like.” Santos is partial to “hoodie” Punks which, at the time he purchased them, seemed to be an underappreciated attribute representing hacker cu...

1. Michael Saylor Announces MicroStrategy’s Acquisition of an Additional 12,333 Bitcoins link On June 28th, Michael Saylor announced that MicroStrategy has once again purchased 12,333 Bitcoins at an average price of $28,136, amounting to approximately $347 million. As of June 27th, MicroStrategy holds a total of 152,333 Bitcoins, with an average purchase price of $29,668, totaling approximately $4.52 billion. 2. Biden Vows to Eliminate Tax Loopholes for Cryptocurrency Traders and Hedge Funds link In President Biden’s speech on Bidenomics delivered on the 28th, he mentioned the intention to make tax policy fairer by addressing loopholes used by cryptocurrency traders and hedge fund managers. Previously, the National Bureau of Economic Research in the United States published a paper stating that cryptocurrency traders were able to “harvest” losses by taking advantage of price volatility, thus offsetting their profits and avoiding billions of dollars in taxes. 3. First in Hong Kong: HSBC...

OKX, formerly OKEx, is a blockchain ecosystem designed to bridge the gap between web2 and web3. Its ecosystem offers decentralized finance (DeFi) services, and its exchange was launched in 2017.  However, with the market becoming more competitive, investors believe new projects like Tradecurve could outperform OKX in Q3 of 2023. Tradecurve offers investors several unique benefits, and as a decentralized platform, it provides users with full anonymity.  >>Register for the Tradecurve presale<<  What is OKX? OKX is a cryptocurrency ecosystem based in Seychelles. Its platform is used by millions of individuals worldwide. It includes multiple Features such as an exchange, wallet, trading bots, and more.  Using the OKX exchange, individuals can trade cryptocurrency, options, and derivatives. They can also utilize bots, block trading, and OKX Earn, which covers staking. In addition to its exchange, OKX offers a unique DeFi launchpad to help support new startups, a n...

Coinbase fights back against SEC’s lawsuit. Coinbase filed for dismissal and argued that SEC claims exceeded the legal limit. Coinbase’s Chief Legal Officer emphasizes Coinbase’s commitment to dialogue. Coinbase, one of the leading crypto exchanges in the United States, has launched a strong counterattack against the U.S. Securities and Exchange Commission (SEC) by filing an answer and notice of intent to file a motion to dismiss the SEC’s case.  In a tweet, Paul Grewal, the Chief Legal Officer of Coinbase, expressed the company’s belief that the claims made by the SEC in the lawsuit go beyond the existing law and should be dismissed. Today @coinbase filed our answer and notice of intent to file a motion to dismiss the @SECGov case against us. You can read our response for yourself – our arguments speak for themselves. 1/2 https://t.co/Ld2ZEejhyM — paulgrewal.eth (@iampaulgrewal) June 29, 2023 Grewal’s tweet conveye...

The Consistent MicroStrategy Buyups The world’s largest a Wall Street BTC holder bought another round of Bitcoin worth $340 million today. Each unit of the token was acquired at an average price of $28,136 and MicroStrategy bagged 12,333 units. This brings the company’s entire BTC holding to 152,333 Bitcoin . advertisement MicroStrategy’s BTC holding was acquired for $4.52 billion at an average price of $29,688 per unit. Notably, ever since MicroStrategy got exposed to the leading cryptocurrency by market capitalization in 2022, the company has maintained this trend of buying and HODLing the coin. Also, MicroStrategy Co-founder Michael Saylor has been a strong advocate of BTC and its capabilities. What Will Happen to MicroStrategy’s BTC Holding? However, many are beginning to speculate on MicroStrategy’s plan for acquiring and HODLing BTC.  Some crypto community members are wondering when Saylor will begin to sell off its h...

Nomo Bank , a digital bank launched in 2021, has become the latest UK bank to block customers’ payments to Binance . In an email to customers, Nomo said it was blocking payments “pursuant to other UK banks, recent adverse news reports, and regulatory concerns.” This policy does not affect payments and withdrawals to other registered crypto exchanges recognized by the UK’s financial regulator, the Financial Conduct Authority (FCA). In the email, Nomo specified recent FCA action as the reason for making these changes. “Our regulator, the FCA, have been very vocal about the risks associated with cryptocurrency,” it said. “Our approach has been designed to help you keep your money safe.” The bank added, “This is also in line with wider UK bank practice.” Following a notice by the FCA in 2021 that Binance was not a registered crypto-service provider in the UK, major UK banks have blocked payments to Binance, including: B...

Circle is set to focus its expansion efforts on the Asian market , particularly monitoring regulatory developments in Hong Kong. Cryptocurrency company Circle, known for introducing the stablecoin USDC, has unveiled plans to penetrate deeper into the Asian market, particularly focusing on Hong Kong. This was revealed by CEO Jeremey Allaire during a Bloomberg Television interview at the World Economic Forum, located in Tianjin, China. Allaire emphasized the strategic importance of Hong Kong in the landscape of digital currencies. Given the fresh set of regulations implemented on crypto exchanges starting June 1, the city appears to be a hotspot for crypto businesses. .@jerallaire (@circle), one of the co-chairs of this year's #amnc23, highlights the importance of the meeting in 'taking the world forward through this critical time'. Watch the full session here: https://t.co/YGkHIOSdgH pic.twitter.com/XS1CYHzrN2 — World Economic Forum (@wef) June 27, 2023 Historic...

Jun 27, 2023 at 09:09 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Litecoin (LTC) price has been rising since June 15. Long-term forecast for the Litecoin price: bullish The cryptocurrency's price was held at the $92 resistance level. The altcoin rose to a high of $93.88 before collapsing. In anticipation of future gains, the cryptocurrency value has retreated above the moving average lines. At the time of writing, the altcoin is worth $88.07. On the positive side, buyers have had a hard time breaking the $100 resistanc...

While the US intensifies the regulatory crackdown, the Asian market remains a huge area of focus for crypto firms. Speaking at the World Economic Forum in Tianjin, China, on Tuesday, June 27, Jeremy Allaire told Bloomberg: advertisement “ Hong Kong clearly is looking to establish itself as a very significant center for digital assets markets and for stablecoins and we are paying very close attention to that”. In its pursuit of expansion in the Asian markets, Circle recently secured a license as a major payments institution in Singapore. Thus, it will now be able to offer digital payment token services for domestic as well as cross-border money transfer services. Starting June 1, Hong Kong implemented new rules for regulating cryptocurrencies. This comes at a time when digital asset companies worldwide are looking for secure and appropriate destinations for investors and users due to increased restrictions in the US. However, Hong Kong has not yet i...

Davinci Jeremie believes that while many people missed out on the opportunity to buy Bitcoin 10 years ago, it’s not too late to get into crypto. While crypto advocate Davinci Jeremie expected to become a hero to his community after talking about Bitcoin (BTC) and why they should buy at least $1 worth of it 10 years ago, things did not turn out as he expected.  In an interview with Cointelegraph, Jeremie shared the story of how he found Bitcoin (BTC), what his community thought about it back then, and what he thinks would help onboard more people into Bitcoin. Crypto influencer Davinci Jeremie in a call with Cointelegraph reporter Ezra Reguerra. Source: Cointelegraph According to the crypto influencer, it all started over 10 years ago, when a member of his community told him about BTC and asked him to have a look at it. At first glance, Jeremie, who is also a software developer, believed that it was a scam since the double spending problem was “considered to be not solvable.” He ex...

PRNEWS.IO, a platform for sponsored content in Europe, is pleased to announce its strategic collaboration with crypto.news, a respected source of information in the crypto and web3 domains. This partner ship signifies a significant milestone for PRNEWS.IO as it prioritizes delivering effective brand exposure and engagement to its clients through its innovative service content marketplace. Crypto.news is dedicated to providing unbiased news, analysis, research, and education on all aspects of crypto and web3. Through the collaboration with PRNEWS.IO, crypto.news brings its extensive knowledge and dedicated readership to the partnership, opening up new avenues for brands to connect with their target audience. You might also like: Global regulators scrutinizing Binance, bitcoin breaks above $31,000 on rising institutional adoption| Weekly recap This strategic alliance empowers PRNEWS.IO’s clients to reach their desired audience efficiently, augmenting brand awareness, c...

Ripple (XRP) is set for a significant rally that will trigger if it wins the ongoing case. According to Michael van de Poppe, climbing above $0.5025 would trigger XRP to higher levels. Many crypto users believe winning the case will catalyze a significant rally in the price of XRP. Ripple (XRP) is set for a significant rally that will trigger if it wins the ongoing case against the Securities and Exchange Commission (SEC). According to Michael van de Poppe, founder of MN Trading, climbing above $0.5025 would trigger XRP’s movement toward higher price levels. Request 03 – $XRP I'm interested in $XRP if we flip the level of $0.5025. Then we can start having continuation towards the highs. pic.twitter.com/KkogrhMYBv — Michaël van de Poppe (@CryptoMichNL) June 24, 2023 Many crypto users, including respondents under Van de Poppe’s tweet, believe that winning the case will catalyze a significant rally in the price of XRP. According to a Twitter...

An ETP giving investors exposure to the largest liquid staking provider is the first of its kind, and comes after the market capitalization of liquid staking governance tokens has surged following Ethereum’s Shapella upgrade.  The 21Shares Lido DAO ETP — with underlying asset LDO — is listed on the BX Swiss exchange and is set to become available on Euronext Paris on Wednesday, the company revealed Monday. The $1.6 billion market cap of Lido DAO (LDO) accounts for about half the market cap of all liquid staking governance tokens. Rocket pool (RPL) sits behind LDO with a market cap of $800 million.  LDO’s price is down nearly 22% in the past seven days.  Lido users who stake their assets receive an equal amount of staked tokens, called stTokens, that accrue rewards.  These tokens can be traded on the secondary market and used within DeFi applications — a process known as liquid staking. This allows users to tap into staking benefits without lock-up periods or high minimum amounts....

ZachXBT’s investigation reveals the NFT rug pull Animoon is under criminal investigation by French authorities. The Prosecutor of the Republic of Paris initiated the investigations, which have been conducted by BRDA since April 15. The PFP NFT project, promoted by Jake Paul, failed to deliver promised features and merchandise to holders. On June 23, crypto sleuth ZachXBT shared that the French authorities are conducting a criminal investigation into Animoon, a $6.3 million NFT rug pull that he had previously exposed on Twitter. I am very pleased to share that today it was publicly revealed another one of my investigations on the $6.3m NFT rug pull Animoon is currently under criminal investigation by the French authorities. https://t.co/XUIC7NuMEk pic.twitter.com/BC6Yg3VPxW — ZachXBT (@zachxbt) June 23, 2023 According to a screenshot shared by the crypto investigator, the Prosecutor of the Republic of Paris initiated the investigations. Meanwhile, t...