NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week

Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, …

‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator

According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be …

Crypto Analyst Says One Ethereum Rival Is Extremely Undervalued, Maps Path Forward for Bitcoin and Chainlink

A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value. Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH’s upward trend. “DOT is likely going to follow Ethereum in its …

Trader Says Ethereum-Based Altcoin Primed To ‘Get Explosive Soon,’ Updates Outlook on Bitcoin and Curve

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on an Ethereum-based low-cap altcoin while offering his insights on Bitcoin (BTC) and Curve DAO (CRV). The analyst pseudonymously known as Credible Crypto tells his 401,200 followers on the social media platform X that Convex Finance (CVX) has the “best-looking chart” in terms of …

Altcoin Season Primed To Take Place ‘Very Soon,’ According to Crypto Analyst Kevin Svenson – Here’s Why

Cryptocurrency analyst and trader Kevin Svenson believes that altseason, a period when altcoins significantly outperform Bitcoin (BTC), is close at hand. In a new video, Svenson tells his 78,600 YouTube subscribers that his bullish thesis for altcoins is informed by the price action of Bitcoin and Ethereum (ETH). “Altseason may actually take place very soon. …

FTC Warns: Social Media Investment Scams on the Rise

The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. These scams involve fraudulent messages claiming guaranteed high returns with little or no risk. The FTC advises ignoring such messages and reminds consumers that all investments carry inherent risks. FTC Issues Warning on Social Media …

Crypto Analyst Warns That Bitcoin (BTC) Is at Risk of Further Correction – Here’s His Target

A crypto strategist who nailed the pre-halving pullback for Bitcoin warns that (BTC) could correct to much lower levels. The analyst pseudonymously known as Rekt Capital tells his 79,900 YouTube subscribers that Bitcoin could drop more than 8% from its current value. “What if we were going see a deepest correction in the cycle, or …

Coinbase to launch CFTC-regulated futures trading for 5 altcoins

Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model. It intends to launch the products on July 15. Coinbase Derivatives said …

France, Hong Kong regulators sign MOU to explore wholesale CBDCs, tokenization

The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) announced a collaboration focusing on wholesale central bank digital currencies (CBDCs) and the tokenization of financial assets. According to the press release, the partnership marks a significant milestone in promoting financial innovation and enhancing interoperability in digital currencies. The HKMA’s participation in the …

Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges

The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting a malicious cryptocurrency wallet app, “EOSIO Wallet Explorer,” to …

Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation

Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans who …

North Carolina Passes Bill to Block State Participation in Federal CBDC Testing

The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers: the House of Representatives and the Senate. The bill passed with significant …

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