Worldcoin has agreed to suspend its activities in Spain until the end of the year or until German data authorities resolve their ongoing investigation into data protection issues. WorldCoin suspends activities in Spain following instructions from data protection authorities The Spanish Data Protection Authority (AEPD) announced on June 4 that Tools for Humanity Corporation, the company behind the Worldcoin identity and financial network, has committed to cease its data collection and processing activities in Spain by or until the end of 2024. I did. Ongoing investigation. This decision comes after Spanish authorities issued an order in March 2024 to stop…
Author: Crypto Flexs
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Share this article Bloomberg News, citing sources familiar with the matter, reported that Bakkt is considering strategic options such as sale or spin-off. The move comes amid a surge in acquisition activity within the cryptocurrency sector.Bakkt is working with financial advisors to evaluate its options, the sources said, speaking on condition of anonymity due to the confidentiality of the matter. However, no final decision has been made and the company may choose to go independent.Bakkt was launched in 2018 by Intercontinental Exchange, which owns several major futures markets and the NYSE. The venture’s founding CEO, Kelly Loeffler, later served as…
Cryptocurrency research firm 10x Research warned that a sharp decline in the price of Ethereum could prevent Bitcoin from reaching sustainable all-time highs above $83,000, according to a June 7 analysis. CryptoSlate.Over the past week, the price of ETH has struggled considerably compared to the price of Bitcoin. The second-largest digital asset fell about 1.2% during the period, while the price of BTC rose more than 3%. Although not explicitly stated in the note, 10x Research believes that Ethereum could suppress Bitcoin from a sentiment perspective.Citing Ethereum’s future position, 10x Research noted that traders are more willing to invest in…
Leading cryptocurrency exchange OKX has announced significant changes to its funding fee mechanism for perpetual futures. According to OKX, this update aims to improve user experience and increase the efficiency of funding fee settlement. Change order cancellation logic The new mechanism coordinates order cancellation logic across four steps during the settlement process. The funding rate calculation logic will remain the same, but the method of collecting and distributing funding fees will be noticeably improved. Funding fee collection Previously, OKX would collect funding fees up to the liquidation threshold and cancel orders if necessary. In the…
Franklin Templeton, which manages approximately $1.64 trillion in assets, is reportedly seeking to launch an altcoin-focused private equity fund for institutional investors. This move marks a strategic expansion beyond Bitcoin and Ethereum. This reflects the growing interest in various cryptocurrency assets among institutional investors. Franklin Templeton Eyes Altcoin Fund Franklin Templeton is aiming to provide exposure to altcoins to institutional investors through a new fund, according to a recent report. The plan also offers staking rewards, potentially improving the attractiveness of altcoin investments. Although the specific altcoin was not disclosed, Franklin Templeton praised Solana’s remarkable growth. “At Solana, we see…
Bitcoin briefly struggled with resistance at $72,000 on June 7, but the intraday gains quickly evaporated, sending the cryptocurrency price down to $69,000. More worryingly, two indicators, including long and short indicators from the exchange’s top traders, suggest that Bitcoin (BTC) investors are less optimistic. Is the Bitcoin bull market over, at least in the short term?Bitcoin and gold fell amid record highs for the S&P 500.The S&P 500 hit an intraday high on June 7 after the U.S. reported a 272,000 increase in nonfarm payrolls in May. This number significantly exceeds the previous month’s figure of 165,000 jobs. A…
As top coins like Shiba Inu continue to gain traction amid rising optimism surrounding meme coins, cryptocurrency analyst and trader YG Crypto shared his insights on SHIB price action. predict A potential triangle breakout for digital assets. Incoming Triangle Breakout for Shiba Inus The triangle pattern is expressed by drawing a trend line along a converging price range, suggesting a pause in the current trend. It is called a triangle because the pattern resembles a triangle. Technical analysts classify this as a reversal or continuation pattern of an existing trend. However, even if this continues, traders will have to wait…
Obol partners with Sayfer to strengthen dApp and API security – Chainwire housenewsroomObol partners with Sayfer to strengthen dApp and API security We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…
Ether (ETH), the cryptocurrency that powers decentralized applications on the Ethereum platform, is minted at a constant annual linear rate through a block mining process. This rate is 0.3 times the total amount of ETH you will purchase in the presale. The best analogy for ETH is “fuel to run the contract processing engine”, but for the purposes of this post we will treat ETH purely as a currency. There are two common definitions of “inflation.” The first is related to prices and the second is related to the total amount of money in the system (money base or supply).…
Market • June 7, 2024, 2:30 PM EDT Posted 1 minute ago In ~ A group of GameStop-inspired memecoins plunged as much as 31% on Friday as meme stock darling “Roaring Kitty” went live for the first time in three years.Keith Gill, who rose to fame in 2021 by sparking a retail frenzy that sent prices of stocks like GameStop and AMC skyrocketing, shared his GameStop positions in a 45-minute stream watched by more than 600,000 viewers.By the end of the live stream, memecoins GME and ROAR were down about 24% and 31%, respectively, compared to their prices right before…