Author: CryptooTimes
China and the United Arab Emirates (UAE) have pledged to enhance their cooperation in combating cybercrime associated with cryptocurrency. The latest commitment was made through an official May 30 joint statement following the state visit of UAE President Mohammed bin Zayed Al Nahyan to China. The announcement comes as Hong Kong data shows a spike in crypto fraud activity between 2022 and 2023. The joint statement highlighted specific areas of concern, including telecommunications network fraud and online gambling. Both nations aim to curb illegal activities that may exploit cryptocurrencies, showcasing a shared determination to tackle these issues. In addition to…
Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Source link
AUSTIN, TX — Goldman Sachs, the 150-year-old investment bank, is getting deeper into crypto, according to the firm’s global head of digital assets, Mathew McDermott. The executive, a 19-year veteran of the bank, helped found its digital asset desk in 2021 and has since led efforts to introduce a suite of products and services including liquidity in cash-settled derivatives, options and futures crypto trading. Source link
Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), with its name removed from the application filed with 21Shares. 21Shares has submitted an updated application for its Ethereum spot ETF, rebranding the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Ark Invest has also ended its partnership with 21Shares regarding this ETF. The amended Form S-1 shows no changes to the fees. Despite acknowledging Ethereum’s potential and long-term value, a representative from Ark Invest confirmed that the firm decided not to proceed with an Ether ETF, citing a…
It’s scientist versus business mogul as X.com’s biggest nerd fight plays out in real time. Source link
“Consensus this year compared to last year felt like night and day,” said Wick. “The maturation was evident in the conversations, the speakers, the sponsors and the intentional inclusion of groups that are working to make the industry more diverse,” she added, noting the outreach done this year to include diversity groups like LGBTQ+ advocates at Web Q. “The industry’s best chance at sustaining a bull run is through maturation and increased integrity, and Consensus this year clearly reflects a positive move in that direction,” she concluded. Source link
Meme coin mania has swept the cryptocurrency market, captivating investors with its blend of humor, speculation, and unexpected gains. At the time of writing, the sector boasted a market capitalization of more than $66 billion and a 24-hour trading volume of $5.3 billion. Looking at data from crypto price tracking website CoinGecko, the meme sector’s market cap is markedly higher than that of other popular crypto narratives such as AI, DePIN, and layer-2. Let’s look into the recent trends and forecasts for some of the most talked-about meme coins: Dogecoin (DOGE) Shiba Inu (SHIB) Pepe (PEPE) The politically-charged Super Trump…
The government seeks a collaboration to research and develop the technology further. Source link
The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, said the Galaxe team, is that the platform’s user base has significantly grown over the past three years, now counting 20 million users and 100 million monthly transactions. This required a more efficient and scalable solution to manage cross-chain interactions between 34 blockchains that Galxe supports. Source link
Last week saw divergent trends among the top cryptocurrencies. While Bitcoin (BTC) suffered declines, with most altcoins following suit, a select few assets posted significant gains, continuing the rallies initiated two weeks before. However, despite some cryptocurrencies recording gains, Bitcoin’s price drop negatively impacted the broader market valuation. Consequently, the global crypto market cap decreased by 1.16% to $2.54 trillion. Here are our top cryptocurrency picks to watch this week following their notable performances last week: NOT, AXS and TIA prices – June 2 | Source: Santiment NOT spikes 304%, tops gainers list Notcoin (NOT) stole the show last week.…
