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Day: June 12, 2024

U.S. Spot Bitcoin ETFs Experience Record Outflows
Fiat

U.S. Spot Bitcoin ETFs Experience Record Outflows

ByGlitch June 12, 2024June 12, 2024

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This…

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Dormant Bitcoin Wallet Awakens, Transfers $535M to Binance
Web3

Dormant Bitcoin Wallet Awakens, Transfers $535M to Binance

ByGlitch June 12, 2024June 12, 2024

An unknown entity recently reactivated a Bitcoin wallet that had been dormant for over five years, transferring Bitcoin worth approximately $535 million to the cryptocurrency exchange Binance. The transaction occurred…

Read More Dormant Bitcoin Wallet Awakens, Transfers $535M to BinanceContinue

Normie Coin Apologizes for Controversial Promotional Video
Cryptocurrency

Normie Coin Apologizes for Controversial Promotional Video

ByGlitch June 12, 2024June 12, 2024

Normie, a base chain meme coin, has issued a public apology after releasing a promotional video that included a depiction of suicide, sparking significant backlash from the cryptocurrency community. The…

Read More Normie Coin Apologizes for Controversial Promotional VideoContinue

DeFi Technologies Adopts Bitcoin as Primary Reserve Asset
Web3

DeFi Technologies Adopts Bitcoin as Primary Reserve Asset

Bybennysteele June 12, 2024June 12, 2024

DeFi Technologies, a crypto-focused public company based in Canada, has officially adopted Bitcoin as its “primary treasury reserve asset,” following a path similar to MicroStrategy and other global firms. The…

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EU Report Flags Layer 2 Crypto Solutions as Risks
Web3

EU Report Flags Layer 2 Crypto Solutions as Risks

Bybennysteele June 12, 2024June 12, 2024

A recent report from the EU Innovation Hub for Internal Security has raised concerns over Bitcoin’s Lightning Network and other layer 2 technologies, labeling them as potential tools for criminal…

Read More EU Report Flags Layer 2 Crypto Solutions as RisksContinue

Australia Enforces Crypto and Credit Card Gambling Ban
Fiat

Australia Enforces Crypto and Credit Card Gambling Ban

Bybennysteele June 12, 2024June 12, 2024

The Australian government has officially enforced a ban on gambling sites accepting crypto and credit cards, a regulation that was announced last year. As of today, the compliance window has…

Read More Australia Enforces Crypto and Credit Card Gambling BanContinue

Spot Bitcoin ETFs Experience Sudden Outflows
Fiat

Spot Bitcoin ETFs Experience Sudden Outflows

ByAnshul June 12, 2024June 12, 2024

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According…

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The Risks of Fandom: Roaring Kitty’s Privacy Breach
Web3

The Risks of Fandom: Roaring Kitty’s Privacy Breach

ByAnshul June 12, 2024June 12, 2024

Moderators of the GameStop-centric subreddit SuperStonk, endorsed by the meme stock influencer Roaring Kitty (Keith Gill), have recently issued a stern warning to their community. The cautionary message urges members…

Read More The Risks of Fandom: Roaring Kitty’s Privacy BreachContinue

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