First Mover Americas: Bitcoin Drops From $70K as Bullish Signal Strengthens
The latest price moves in crypto markets in context for June 4, 2024.
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English Soccer Club Watford FC to Offer 10% Digital Equity Through Investment Platform Seedrs
Currently an EFL Championship club, Watford has periodically competed in the Premier League over the last decade.
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Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty
Block Earner doesn’t need to hisse a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.
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Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
This is Bitpanda’s second major partnership in Germany this year after it was enlisted by LBBW to offer crypto custody services in the country.
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DWF Labs to Purchase $12M FLOKI From Project Treasury, Open Market
Floki is gearing up to introduce newer products in the coming months, including the Valhalla metaverse game on its mainnet.
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Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform
The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.
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Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain veri shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.
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Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
The settlement must still be approved by a New York court.
Financial
Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin’s slump since March was driven by long-term holders selling, but blockchain veri shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
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Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says
David Krause, a professor of finance at Marquette University, said the initial investment by the State of Wisconsin Investment Board is just “a toe in the water” to test the public’s reaction.