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Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers. The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No block chain networks are on the list, despite at least two having previously announced that they would connect to the instant payment system. The FedNow service stated that some organizations not on the list may be integrated later, and Metal Blockchain said it still intends to connect with the platform once it gains “the appropriate bank sponsor.” List of organizations certified with the FedNow Service. Source: Federal Reserve Board Services FedNow is an instant payment service in development by the United States Federal Reserve. The Federal Reserve claims that the service will all...

Michael Saylor provided multiple reasons why buying Bitcoin is a good idea. According to Saylor, buying one Bitcoin gives the holder ownership of 1/21,000,000 of all the money in the network. Saylor compared Bitcoin investment with saving money in other forms of assets and securities. Michael Saylor, the founder of MicroStrategy, has provided multiple reasons why buying Bitcoin is a good idea. According to Saylor, buying one Bitcoin gives the holder ownership of 1/21,000,000 of all the money in the network. He noted that could amount to the same portion of all the money in the world in the future. In a video interview uploaded on YouTube, Saylor explained his reasons for considering Bitcoin as a worthy investment. Speaking to the Arnold brothers on the YouTube program Altcoin Daily, Saylor compared Bitcoin investment with saving money in other forms of assets and securities. Saylor clarified that saving money in bonds and savings accounts doesn’t work as ...

Fidelity, the multi-trillion-dollar asset management firm, has once again filed paperwork for its Wise Origin Bitcoin Trust, a move that marks the company’s renewed pursuit of launching a spot bitcoin ETF. Fidelity Investments, the financial titan overseeing $11 trillion in assets under administration, has once again stepped into the arena of spot bitcoin ETF contenders. The move occurs in the wake of BlackRock’s iShares unit, an asset management company with nearly $9 trillion in assets under management, revealing its plans to launch its own spot bitcoin ETF earlier in June. BlackRock’s announcement has spurred a chain reaction, reigniting the ambitions of several other fund companies including Invesco, WisdomTree, and Ark Invest. JUST IN: $4.2 trillion asset manager Fidelity to file for spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) June 27, 2023 The relaunched initiative, named the Wise Origin Bitcoin Trust, is not Fidelity’s maiden venture in...

In the fragmented and fast-paced world of crypto, there is one stand-out, comprehensive solution that makes managing portfolios easy for both new and experienced traders. Managing a portfolio consisting of traditional assets can be done through a wide range of tools. When it comes to cryptocurrencies, traders do not have access to the same level of infrastructure, which makes crypto portfolio management a more tedious process for beginners. To begin with, the crypto market is highly fragmented at all levels. There are dozens of crypto exchanges to choose from, while digital currencies reside on different blockchain networks, each with its own nuances. For novice crypto traders, fragmentation hinders the smooth onboarding process. Experienced traders are also affected too, as they cannot enjoy a seamless trading experience. Registering with each crypto exchange to take advantage of its benefits and incentives means having multiple different crypto addresses, which often makes real-time...

The Polygon [MATIC] network has had a remarkable journey since its inception. Since 2017, the project has come a long way in terms of development. It has also managed to secure several partnerships with prominent firms. According to the details in a press release, Polygon Labs is collaborating with Warner Music Group (WMG). The partnership aims to launch a music accelerator program. Also read: Bitcoin: MicroStrategy Buys 12,333 BTC for $347 Million Warner Music Group-Polygon collaboration aimed at music entrepreneurs Details from the press release revealed that the program is seeking to attract “companies and entrepreneurs who are actively involved in the realms of music, technology, and Web3.” WMG and Polygon Labs will give funding to the projects that they choose. In addition to financial support, participants will gain access to valuable mentorship. The participants will also receive networking resources provided by industry experts in the music and blockchain sectors. The press rel...

Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services. Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April. According to the available documents, Kirkland & Ellis law firm implemented a blended hourly billing rate of $1,313.18 for the provision of various services throughout April. The cumulative fees assessed for the legal services rendered by both attorneys and para legal s amounted to a figure surpassing $1.4 million. Certain members holding high positions within the law firm charged an hourly rate exceeding $2,000 for their professional services. Kirkland & Ellis is recognized for its representation of several cryptocurrency companies undergoing bankruptcy proceedings, with clients including BlockFi and Celsius. Voyager’s bankruptcy pl...

Bitcoin may be on its way back to a $60,000 price, a top BTC analyst says. MustStopMurad analyzes the recent performance of Bitcoin’s price, as well as its M1 money supply. This is the sum of physical currency and quickly accessible deposits in the economy. M1 is a measure of the money supply that includes the most liquid portions of the money supply because it contains currency and assets that can be quickly converted to cash. Using this as a basis for tracking Bitcoin price, Murad believes that a return to $60,000 is possible to retake. Bitcoin has been ranging since 2018… if you adjust for the M1 money in circulation 2018 6K level 2019 6K level 2021 30K level 2022 30K level They're actually all the "same" level. The good news is that it looks like we're retaking this level, despite M1 shrinking for a year pic.twitter.com/v79rv9IZO5 — Murad (@MustStopMurad) June 26, 2023 The bullish sentiment parallels the recent rally of BTC over the past week. Buying pressure appe...

Dan Gambardello predicted that ADA may outperform many large Layer-1 chains in the next bull run. Cardano’s DeFi ecosystem has witnessed consistent growth during this bear market. At press time, ADA was trading at $0.2812 after dropping 3.03%. The crypto analyst and Cardano (ADA) enthusiast Dan Gambardello predicted that ADA may outperform Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and Avalanche (AVAX) in the next bull market. To support his claim, Gambardello included an article published over a week ago which stated that the Indonesian Government included ADA in a list of tradable assets. This list included ADA, as well as all of the other cryptos labeled as securities in the SEC’s latest couple of lawsuits. Gambardello believes that this development will have a substantial positive impact on the altcoin’s price, since Indonesia is striving to become the crypto capital of Asia. This additional trading volume and adoption for ADA will position the E...

Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do? The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.  The NFT collection was first revealed during a Reddit AMA on May 16, where agents answered questions from members of the r/cryptocurrency subreddit about their involvement in crypto and blockchain tech. Until this time, not much of an explanation was provided about the NFT collection or why it exists. Speaking to Cointelegraph, agents from the Secret Service’s San-Francisco field office, known as the “Digital Asset Technology Alliance” (DATA) Squad, said they wanted to better understand how NFTs worked. The U.S. Secret Service San Francisco Field Office NFT Collection. Source: OpenSea Forensic financial analyst Andrew Frey, the agent who spearheaded the Reddit AMA, said it also serves as a forward-facing example of ...

Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market. On the latest episode of Cointelegraph’s  Macro Markets , analyst Marcel Pechman explores how Turkey’s recent interest rate increase might attract hundreds of millions of new crypto currency investors, and how China’s looming economic crisis could affect Bitcoin (BTC) and crypto globally. Turkey’s central bank has increased the interest rate by 6.5% to 15% in a dramatic attempt to fight inflation. The move comes as the local currency, the lira, dropped by 80% against the United States dollar in five years. According to Pechman, whether the U.S. dollar holds its dominant position as a global reserve currency doesn’t matter. Turkey and Argentina’s 70% inflation in 2022 are perfect examples of how decentralized cryptocurrencies might be the sole lifeguard for hundreds of millions — if not billions — of people who cannot save an...

Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge in the near future. According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. Before delving into price predictions for SOL, let us first explore the key aspects of Solana and its native token, SOL. Also read: Pepe Coin Stages a Remarkable Comeback: Surges by 65% in Past Week Source: Solana Solana in a Nutshell Solana is a blockchain protocol that offers web-scale capabilities and is open-source, allowing developers and institutions globally to create decentralized applications (DApps) with enhanced transaction speed. Additionally, the creators of this blockchain platform designed it to provide the necessary...

The MetaBirkin creator argued that his project was protected under the first amendment as artistic expression; however, that defense ultimately fell short. French luxury fashion house Hermès has notched another win in its infringement case against artist Mason Rothschild after a United States judge ordered a permanent injunction on all “MetaBirkin” nonfungible token (NFT) sales . Hermès initially submitted the request to the U.S. District Court for the Southern District of New York in March to block all sales of the MetaBirkin NFTs. On June 23, Manhattan-based U.S. Judge Jed Rakoff officially granted the request , and he offered a skeptical take on Rothschild’s defense against Hermès’ suit, questioning Rothchild’s continued marketing of the project. “[The] defendant’s entire scheme here was to defraud consumers into believing, by his use of variations on Hermes’ trademarks, that Hermes was endorsing his lucrative MetaBirkins NFTs,“ Rakoff said, adding that: “Nothing in the First Ame...

ParaFi Digital Opportunities, Framework Ventures, and 1kx allege that Curve founder Michael Egorov carried out an elaborate fraudulent scheme that spanned six months, deceiving them in multiple ways. Egorov purportedly misled the three venture capitalists starting in 2020 by making false promises of granting them a stake in Curve.  He is said to have used their network and reputation to gain trust and legitimize Curve, according to their most recent complaint filed in San Francisco in April. The litigation, first reported by DL News, was originally filed in October. As things unfolded, Egorov supposedly stole the plaintiffs’ trade secrets, which included valuable information like industry contacts, investors and investment know-how for Curve.  Curve Finance is a platform meant for exchanging tokens with low fees by using pools of similar assets. Liquidity providers to the platform are rewarded with the protocols native token CRV and trading fees. Egorov is accused of fraudulent...

Coinbase’s report noted that 52% of Fortune 100 companies have been involved in crypto, blockchain, or web3 initiatives since 2020. Nearly 60% of Fortune 100 initiatives reported since 2022 are in pre-launch or in released stages. 83% of surveyed Fortune 500 executives have or plan to implement crypto/blockchain initiatives. Crypto exchange giant Coinbase released research conducted in partnership with The Block. In the study, it was revealed that over half, that is, 52% of the Fortune 100 companies, have been involved in crypto, blockchain, or web3 initiatives since the beginning of 2020. According to the blog posted by the exchange, out of the initiatives reported by Fortune 100 companies since the start of 2022, nearly 60% are either in their pre-launch stage or already released. From a broader perspective, the research also reported that 83% of the surveyed Fortune 500 executives with pre-existing knowledge about crypto or blockchain stated that ...

Join Our Telegram channel to stay up to date on breaking news coverage Print The Pepe (PP) cryptocurrency, inspired by the meme coin Pepe (PEPE), has a much smaller market capitalization than its similarly named counterpart, yet it has has surged a remarkable 260% over the last 24 hours to outperform the sensational meme coin. It ranks high on DEXTools’ list of top gainers, currently recording a market cap of $297,000. The market cap of below $300,000 means that a small portion of liquidity overflowing from the Pepe ecosystem could inspire a surge in the price of Print The Pepe. The same was witnessed during the previous bull market, when tokens rallying under the Dogecoin (DOGE) umbrella soared to billion-dollar market caps. Some of them include Baby Doge Coin and Dogelon Mars. Print The Pepe debuted in May, surging to an all-time high of $0.1508 before its market value declined by 96%. The project boasts more than 1.4K followers on Twitter and over 1,500 PP holders. Des...

A pair of Australian men behind a crypto scam conned two businesses out of AU$5.5 million ($3.7 million) have been arrested and authorities have seized a vast collection of luxury cars, high-end watches, and even a pair of nunchucks.  Back in March, Sydney police launched ‘Strike Force Scotland’ to investigate claims of the scam that allegedly dates back to 2021. As a result of this investigation, two men were arrested earlier this month. The youngest of the pair was apprehended on June 16 after police stopped his car. He was charged with three counts of deception in pursuit of financial gain and knowingly handling the proceeds of crime in relation to the alleged crypto scam. The second man was arrested five days later and charged with handling the proceeds of the crime. New South Wales police said they will “allege in court the younger man allegedly defrauded the companies using a Crypto currency scam, whilst the older man authorized the funds and arranged the disposal ...