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Jun 14, 2024 | 
coinnounce.com | Joyce Lang |Janet Sánchez
Recently, Daddy Tate (DADDY) – the new meme coin on Solana that was announced by the ex-professional kick boxer, Andrew Tate, and which he has been promoting on X since Jun 11, 2021 – recorded a market capitalization of $300 million while it was selling at $0.30 at the time of compiling this report; an increment of 218% that occurred within the last day according to DEX Screener. In another event, the participation of Andrew Tate in Solana had a big impact on meme coin market.
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Jun 6, 2024 | 
coinnounce.com | Janet Sánchez |Jai Pratap
United States Bitcoin exchange-traded funds (ETFs) experienced significant inflows amounting to $488.1 million on June 5, marking a bullish development in the market. However, this financial momentum is juxtaposed with a stark decline in retail interest, as reflected by Google Trends data which indicates a steep drop in Bitcoin-related searches compared to the highs of 2021.
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Jun 6, 2024 | 
coinnounce.com | Janet Sánchez |Saloni Sheelwant |Saumil Kohli
The Nigerian Minister of Information, Mohammed Idris, has asserted that the prosecution of Binance and its executive, Tigran Gambaryan, for alleged illegal cryptocurrency trading in Nigeria adheres to the country's legal procedures. This statement comes amid growing criticism from U.S. lawmakers urging the release of Gambaryan. Adherence to Legal ProceduresMinister Mohammed Idris emphasized that the legal proceedings against Binance and Gambaryan have followed due process at every stage.
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May 28, 2024 | 
coinnounce.com | Janet Sánchez |Jai Pratap
In the dynamic world of cryptocurrency, memecoins have recently emerged as major players, dominating the open interest charts with remarkable traction. Memecoins, typically characterized by their humorous or thematic basis, are not just social tokens anymore; they are now substantial financial assets influencing market dynamics.
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May 23, 2024 | 
coinnounce.com | Jai Pratap |Janet Sánchez
Nvidia, the renowned semiconductor giant, has further solidified its commitment to the future of artificial intelligence (AI) after a remarkable quarterly performance. With its market cap reaching an unprecedented $2.5 trillion, Nvidia has demonstrated the lucrative potential of AI technologies in driving corporate success.
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May 23, 2024 | 
coinnounce.com | Saumil Kohli |Sabyasaachi Karmakar |Janet Sánchez
The cryptocurrency community is abuzz with speculation after CNBC's 'Fast Money' trader and noted crypto investor Brian Kelly hinted that a Solana (SOL) spot exchange-traded fund (ETF) might be on the horizon in the United States. This statement has ignited a debate among industry experts and investors about the feasibility and timing of such a development.
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May 22, 2024 | 
coinnounce.com | Janet Sánchez |Saumil Kohli |Jai Pratap
As the House of Representatives gears up for a pivotal vote on H.R. 4763, commonly known as the FIT21 bill, prominent figures including U.S. President Joe Biden and SEC Chair Gary Gensler have expressed significant opposition. The bill, which aims to reshape the regulatory landscape for cryptocurrencies, has sparked a heated debate among policymakers and industry leaders.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Saumil Kohli |Jai Pratap
Hong Kong has initiated a pilot program for the digital yuan, marking a significant step in the adoption of China's central bank digital currency (CBDC) outside mainland China. This development, led by the Hong Kong Monetary Authority (HKMA), underscores an evolving landscape in digital finance, focusing primarily on facilitating cross-border payments rather than enabling person-to-person (P2P) transactions within Hong Kong itself.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Gauri pant |Saumil Kohli
In a significant move toward integrating with global financial regulations, Turkey has introduced a draft bill aimed at revamping its cryptocurrency legislation. Submitted to the parliament on May 16, this bill seeks to align Turkey's crypto regulations with international standards, primarily focusing on licensing, registration, and the operational framework for crypto asset service providers.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Saloni Sheelwant |Saumil Kohli
Significant Recovery Efforts Lead to Reinstatement Plans Following Security BreachXLink, a prominent Bitcoin blockchain bridge, is set to make a recovery after a devastating $10 million hack that temporarily halted its operations. The security breach, which was first reported on May 15, affected the bridge's Ethereum and BNB Smart Chain (BSC) endpoints.
