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This Week’s Top Crypto News (June 15-22)
This week has been very exciting in terms of developments in the cryptocurrency industry.
Below, we take a look at some of the biggest crypto news from the last seven days.
Let’s dive in.
This week’s top crypto news
The list is chronological, starting from June 15th.
Cryptocurrency investments reached $1 billion in May with Ethereum dominant. Second According to a report published by KuCoin Research, the cryptocurrency industry saw around 156 investments publicly disclosed in the month of May. The total amount of these investments amounts to approximately $1.02.
Nigeria drops tax evasion charges against Binance executives. While the executives remain charged in a money laundering case brought by the country’s EFCC, authorities have dropped tax evasion charges against them. This was made clear in a report by Nigerian journalist Alexander Onukwue.
ConsenSys announces that the SEC will close its investigation into Ethereum. ConsenSys, US company focused on cryptocurrencies announced that the United States Securities and Exchange Commission has decided to close its investigation into Ethereum. Investors perceived this as a big win, and in response, ETH prices skyrocketed.
Financial advisors are cautious about investing in Spot Bitcoin ETFs. Second According to Samara Cohen, Chief Investment Officer for Index Investing at BlackRock, financial advisors remain somewhat cautious about allocating funds to cryptocurrencies. They cite its inherent volatility and childhood.
MicroStrategy Buys Another Huge Batch of Bitcoin. The business intelligence firm led by Michael Saylor did it announced the purchase of 11,931 BTC, worth almost $800 million. The company now holds nearly $8.3 billion in Bitcoin.
Kraken Confirms Return of Funds from Controversial Whitehat Hack. In what appears to be the end of the drama between Kraken and Certik, the cryptocurrency exchange has confirmed that all funds have been returned. This was clarified on Thursday by security chief Kraken.
Polkadot’s Many Advances: Ecosystem Summary. Recently, Polkadot I saw the introduction of the Join-Accumulate Machine protocol, also becoming the main sponsor of Coinfest Asia which will be held in Bali during 2024.
Ripple CEO with important clarifications on the California lawsuit. Brad Garlinghouse, CEO of Ripple, classified the most recent developments regarding the civil case against him in California as a major victory. The company’s chief legal officer also confirmed that New York’s previous ruling remains unchanged.
Standard Chartered launches Bitcoin and Ether Trading Desk. Second According to recent reports, British multinational bank Standard Chartered is set to launch a trading desk focused on both Bitcoin and Ethereum. This would make it the first global bank to engage in spot trading of cryptocurrencies.
Fidelity will expand its Ethereum ETF with $4.7 million. The highly anticipated Ethereum ETF is underway and documented reveal that Fidelity will seed its product with $4.7 million. However, their commissions remain confidential.
This sums it up. These are some of the biggest crypto news from the last seven days. Stay tuned for regular updates like this!