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ALL From Cryptocurrency

Africa’s Fast-Growing Blockchain Technology Can Solve Real Problems, Fight Hyperinflation and Corruption

June 29 (Cointime) - Executives from Yellow Card and Sankore 2.0 have highlighted the benefits of blockchain technology and cryptocurrency in solving real-world problems in Africa, such as hyperinflation and corruption. Chris Maurice, founder and CEO of Yellow Card, stated that crypto in Africa is growing rapidly as it allows many Africans to escape the traditional financial system's failures and transact more freely.

UK Passes Bill Recognizing Cryptocurrency as Regulated Financial Activity

June 29 (Cointime) - The UK has passed a bill recognizing cryptocurrency as a regulated financial activity, marking a significant shift in the country's approach to digital currencies.

Bitcoin Price Stalls at $31,000 Resistance as Traders Await Next Move

June 29 (Cointime) - Bitcoin made another attempt to reach $31,000 on June 29, but failed to break through. The cryptocurrency remained in a short-term trading range between $30,000 and $31,000, lacking the momentum to continue its previous uptrend or reverse downward. However, market participants believe that flipping higher resistance levels to support is likely to happen soon.

XRP Whales Buy the Dip: Acquire 360 Million Worth of XRP for Almost $170 Million

June 29 (Cointime) - The future of XRP remains uncertain due to the ongoing legal battle between Ripple and the SEC, causing speculation among crypto traders. However, despite a recent decline in price, XRP whales have taken advantage of the dip and purchased 360 million worth of XRP for almost $170 million.

Australia's Treasury Addresses Debanking of Cryptocurrency Companies and Urges Banks to Provide Guidance for Crypto Exchanges

June 29 (Cointime) - Australia's Treasury has warned that cutting services to cryptocurrency companies could have negative consequences for the industry's transparency. The government has acknowledged the seriousness of "debanking" and is encouraging banks to communicate their requirements to both existing and potential customers clearly and proactively prior to refusing or withdrawing banking services.

North Carolina's Legislature Passes Bill to Study Feasibility of State Holding Bitcoin and Gold

June 29 (Cointime) - The lower house of North Carolina's legislature has passed a bill that would require the state treasurer to study the feasibility and benefits of holding Bitcoin and gold bullion. The $50,000 study would investigate the impact of holding cryptocurrency and gold on the state's funds, including whether they could act as a hedge against inflation and systemic credit risks. The bill also considers the creation of a state-administered depository for crypto, with North Carolina acting as the custodian of its virtual asset holdings. The bill must now pass the Senate before it can become law.

Bitcoin Cash ( $BCH ) Surges 98% in June Thanks to Listing on EDX Markets

June 28 (Cointime) - Bitcoin Cash, a cryptocurrency fork, has seen a significant increase in value this month, rising 98% from $113 to $224.

Ledger Launches Enterprise Trading Platform for Institutional Investors with Crypto Exchange and Broker Partners

June 28 (Cointime) - Ledger, a company known for its cryptocurrency hardware storage devices, has launched an open, enterprise-grade trading platform aimed at institutions. The Ledger Enterprise Tradelink network has partnered with several crypto exchanges and brokers, including Bitstamp, Huobi, and Crypto.com.

Turkish Lira Traders Turn to Memecoin PEPE Amidst Significant Decline in Value

June 28 (Cointime) - The Turkish lira has depreciated significantly against the US dollar, prompting some traders to seek alternative options like memecoin PEPE. On Binance, lira holders have traded $682 million worth of PEPE in the past two months, making it the fourth most traded cryptocurrency for lira volume on the platform.

Horizen to Remove Support for Shielded Transactions in Effort to Rebrand Zen as a General Digital Asset

June 28 (Cointime) - Horizen, a blockchain supported by Grayscale Investments, a subsidiary of Digital Currency Group (DCG), has announced that it will eliminate support for shielded transactions on its mainnet to shift its native cryptocurrency, Zen, from a privacy coin to a more general digital asset.