Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?The global crypto market cap is $1.28 trillion with a 24-hour volume of $145.16 billion. The price of Bitcoin is $32,403.77 and the BTC dominance is at 46.9%.
by Rohan Jethi Bitcoin and Ethereum prices took a big hit as major Chinese banks paused all crypto-related transactions. The latest crackdown came weeks after local directives aimed at culling mining operations. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬FT says cybercriminals prefer Monero (XMR) to Bitcoin, but here’s what it didn’t get rightThe FT has put out an article titled, “Inside monero, emerging crypto of choice for cybercriminals.” In it, the privacy coin Monero (XMR) is painted as the rising option for cybercriminals, taking the place of Bitcoin. Scaleswap CEO talks benefits and challenges of building a Polygon-powered IDO launchpadCryptoSlate recently had the opportunity to chat with Ralf Gerteis, the co-founder and CEO of Scaleswap, a Polygon-powered launchpad that will be conducting its IDO on June 25th. Enjin invests in Unbound Finance to bring UND stablecoin to Efinity and PolkadotNon-fungible token (NFT) ecosystem developer Enjin has invested in Unbound Finance to increase liquidity on Efinity, the former’s upcoming NFT parachain built on Polkadot. The move comes after Unbound recently announced a $5.8M investment round from Pantera Capital and Michael Arrington, founder of TechCrunch, among a host of other leading venture capital firms. DOGE has plunged 70% since ‘Dogecoin CEO’ Elon Musk appeared on SNL in MayDogecoin didn’t quite see the bump its believers expected after ‘dogecoin CEO’ Elon Musk spoke about the memecoin on national television back in May. Could Paraguay emerge as a Bitcoin mining hub after China crackdown?Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. Jay-Z sues Damon Dash over NFT of first album ‘Reasonable Doubt’Damon Dash, known as the co-founder of the Roc-A-Fella record label along with Jay-Z and Kareem Burke is being sued for selling the copyright to JAY-Z’s 1996 LP, Reasonable Doubt. Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashedDuring May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (USDC) more than doubled, increasing 155.5%, compared to April. Another big Cardano (ADA) deal is in the works in AfricaThe end of April saw Cardano developers Input-Output Global (IOG) announce significant partnership deals with the governments of Ethiopia and Tanzania. BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban noticeThe Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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