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Join Our Telegram channel to stay up to date on breaking news coverage The Canadian crypto industry has seen an increase in interest and activity by traditional financial institutions following the increase in regulatory efforts and clarity by the Canadian government, according to Dean Skurka, President and CEO of Canada-based exchange WonderFi. In an interview with Cointelegraph during the Blockchain Futurist conference in Toronto, Skurka stated that the platform had witnessed a rise in trading by institutions compared to retail investors. “What we have seen in the first half of this year is growth in our OTC institutional segment,” he said, adding that “These institutional investors, more sophisticated investors, are [more] immune to sentiment and trends in the market, and they’re more fundamental in their investment approaches. […] We’re starting to see, […] through clear regulation , that the segment of our client base is shi...

Join Our Telegram channel to stay up to date on breaking news coverage Myanmar’s shadow government plans to launch a crypto bank and hopes it will help in its opposition to the ruling military junta. Spring Development Bank is scheduled for a soft launch on July 22 and is built on the Polygon blockchain, making domestic and international transactions smoother and providing easy access to various financial products globally. The bank derives its name from the movement led by the National Unity Government, the exiled opposition to the military junta’s State Administration Council. The bank aims to cater to 55 million residents within Myanmar and also some two million Burmese living outside the country. This global Burmese population frequently repatriates funds, establishing strong economic ties to their homeland. Crypto Bank is Revolutionary Tin Tun Naing, who is currently serving as the interim central bank governor and acting finance and industry minister, expr...

Join Our Telegram channel to stay up to date on breaking news coverage Thug Life Token ($THUG), a brand-new memecoin concept, started making waves on social media and within web3 circles on June 28. Despite only a few hours since opening its token presale, the initiative has already raised $117,000 through $THUG sales. $THUG is attempting to gather $2 million in order to create a community of thugs capable of outwitting Pepe, Dogecoin, and Shiba Inu. It has the potential to be the most viral token ever. A brief overview of the newly launched Thug Life token In the midst of the crypto market’s resurgence, one newly released memecoin has enormous pump potential. Thug Life is a new memecoin that is expected to go viral after its presale debut. The project includes a variety of well-known memes and celebrities, such as the Dogecoin dog, Snoop Dogg, Hasbulla, and Pepe the Frog. The Thug Life cryptocurrency initiative intends to empower memecoin holders by converting their ...

The frenzy around meme coins has recently faded, with popular tokens like $PEPE and $Wojak making a dramatic fall. But interestingly, as the hype shifts back to NFTs, $PEPE has received a market boost following the evolution of Pepe Elementals NFTs. Launched earlier this week, Pepe Elementals is an NFT collection featuring a limited edition of 999 NFTs hosted on the Ethereum network. Pepe Elementals NFTs are summoned from the new Pepe Elemental Beans. Hahah there are pepe elementals and they're top 20 volume WE ARE SO FUCKING BACK pic.twitter.com/myohKB6gbr — Oxy (@JEOxendine) June 27, 2023 Pepe Elementals NFTs Rise In Rankings The new Pepe Elementals have gained massive traction among investors, amassing more than 97 ETH in just hours. Pepe Elementals have risen to the top 20 in sales volume. Pepe Elementals NFTs were inspired by new Azuki Elementals NFTs, which also went live this week. Earlier this week, Azuki announced launching of a new NFT collection, “Azuki E...

Join Our Telegram channel to stay up to date on breaking news coverage DIS (Disney Cryptocurrency) is a digital currency designed to be traded online. Using this service, people can make secure payments without engaging middlemen, so it’s cost-effective. Cryptocurrency relies on a technology called blockchain, which connects all users across a network so information can be processed and stored encrypted. Disney’s digital currency will be more efficient with this technology since it’s decentralized and secure. DIS Token: The Joyful Meme Currency Unveiled by Miningtw Technology  DIS, which stands for Disney (not related to Walt Disney), was launched on May 8, 2023, by Miningtw Technology Co., Ltd., a Hong Kong and Taiwan team. The meme token is issued by communities interested in blockchain, cryptocurrency, and mining. Tokens are used for interactions, event rewards, gifts, charity, and fulfilling dreams. Token’s economic model includes a pledge min...

Join Our Telegram channel to stay up to date on breaking news coverage A highly valuable Ethereum NFT from a renowned PFP collection has been permanently removed from circulation and symbolically connected to an Ordinals inscription on the Bitcoin network. This remarkable feat has garnered attention and celebration from a group of Bitcoin enthusiasts. Bitcoin Enthusiasts Burn Valuable Ethereum NFT, Embrace Ordinals Inscriptions The community made a joint decision to destroy CryptoPunk #8611 , and it was initiated by Nathan Stein, a developer from Wolf Capital, who shared the idea on Twitter. A group of supporters from the Bitcoin Bandits, a collection of Western-themed Ordinals inscriptions, came together with Stein, and around 150 individuals contributed to this effort. The decision to destroy CryptoPunk #8611 was a collective decision by the community, initiated by Nathan Stein, a developer from Wolf Capital, through Twitter. Supporters of the Bitcoin Bandits, a Western-th...

Join Our Telegram channel to stay up to date on breaking news coverage Utopia, a decentralized ecosystem founded in 2013 and released in 2019 providing access to secure and surveillance resistant communication and finances, launched Utopia USD stablecoin named UUSD. The UUSD stablecoin built on Utopia serverless peer to peer blockhain that currently powers all-in-one kit for secure instant messaging, encrypted e-mail and voice communication, private web browsing available for Windows, MacOS and Linux. Utopia USD like a native Utopia’s currency Crypton Features anonymous transactions by default and does not reveal any identifying information to its blockchain, rendering its history completely untraceable. Every transaction is completely private and leaves absolutely no metadata visible for public. No other cryptocurrency currently provides future-proof non-traceable transactions. Other competitors relies on obfuscation rather than anonymization and vulnerable to the tracin...

Join Our Telegram channel to stay up to date on breaking news coverage Federal judge Amy Berman Jackson has declined to impose a temporary injunction that would have frozen Binance.US assets. Despite a plea by the United States Securities and Exchange Commission to freeze Binance.US assets, Judge Amy Berman, who is in charge of the case, has decided not to impose a temporary restraining order that would have frozen Binance’s trading platform in the United States. Reportedly, U.S. District Judge Amy Berman Jackson directed the two groups to a magistrate judge on June 14 to work on a compromise agreement that would preserve customer assets without shutting down the exchange.  “The nitty-gritty of it is better handled by you than by me,” said Judge Amy. According to the judge, if an agreement is reached, she won’t have to decide on the SEC’s urgent request to freeze cash. On June 6, the oversight body submitted an urgent motion to seize the as...

In a significant blow to the cryptocurrency exchange industry, Bittrex, a prominent player in the field, is grappling with mounting challenges as its U.S. arm recently filed for bankruptcy. Accused of operating an illegal securities exchange, the company’s troubles have escalated, further exacerbated by a settlement worth approximately $30 million with the Treasury. The exchange wants to streamline the reimbursement process for its customers. This is aimed at mitigating the impacts of the bankruptcy filing. However, even this endeavor has suffered the brunt of scrutiny and objection from the U.S. government, adding another layer of complexity to the unfolding situation. This bankruptcy filing marks a critical turning point for Bittrex and the broader crypto exchange industry. As regulators tighten their grip, the need for compliance and transparency becomes increasingly paramount. Bittrex’s proposed plan reflects their efforts to address customer concerns and navigate a co...

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