Bitcoin is gaining traction as a potential game-changer in developing countries plagued by economic challenges like inflation and limited access to financial services. In Suriname, a political candidate, Maya Parbhoe, is advocating for Bitcoin adoption to stabilize the country's financial system. Her plan includes promoting Bitcoin for daily transactions, establishing supportive regulations, and educating the public on digital currencies. Similarly, El Salvador has already embraced Bitcoin for economic growth, aiming to increase financial inclusion. While Bitcoin offers benefits like inflation protection and reduced transaction costs, challenges such as price volatility and accessibility barriers persist. The outcomes of Suriname and El Salvador's initiatives will be closely monitored to assess Bitcoin's sustainability in developing economies. Read more AI-generated news on: https://app.chaingpt.org/news

The Polkadot community aims to lead in stablecoin payments by proposing a reduction in the minimum balance for Tether's USDT and Circle's USDC on the Polkadot Asset Hub. This move, supported by the community, seeks to enhance Polkadot's appeal to stablecoin users. Additional upgrades, such as lowering transaction fees and implementing faster block times, are necessary to achieve stablecoin payment goals. Stablecoins, pegged to the US dollar, provide stability in volatile markets like Nigeria. Market experts predict a strong demand for stablecoins, with Ripple forecasting a market exceeding $2.8 trillion by 2028. The adoption of blockchain networks like Solana, Tron, and Ethereum has surged due to stablecoin growth. Concerns about centralization risks have been raised by stakeholders. Plaza's integration of parachain features aims to benefit the Polkadot ecosystem. Web3 Foundation fosters innovation within the ecosystem, while Moonbeam's innovation fund supports N3MUS in developing a gaming-focused ecosystem. CryptoSlate's market report compares BTC and ETH, exploring their futures and options markets. Read more AI-generated news on: https://app.chaingpt.org/news

Coinbase may encounter regulatory hurdles due to alleged 'tailored accounting metrics' under the latest FASB regulations. The Financial Accounting Standards Board (FASB) has introduced new rules shifting crypto accounting to a fair-value model from a cost-less-impairment model. This change aims to provide a more precise valuation of digital assets by reflecting their current value accurately. Coinbase, among other firms, has already adopted these standards early. However, this shift introduces volatility into company earnings, as noted by experts. Coinbase's adjustments to its accounting practices, particularly regarding crypto impairment costs and fair-value volatility, have raised concerns about tailored accounting metrics. The SEC has previously challenged similar non-GAAP adjustments by other firms. Despite differing opinions on the potential consequences, Coinbase's compliance with these new rules remains under scrutiny. Stay updated on the latest crypto news for insights into market trends and developments. Read more AI-generated news on: https://app.chaingpt.org/news

Decentralized Physical Infrastructure Network (DePin) tokens have experienced a significant surge in the past 24 hours, surpassing the overall crypto market performance. Following Bitcoin's drop below $58,500, DePin tokens displayed a strong rebound. This sector not only showcases cutting-edge technological adaptability but also presents a lucrative opportunity for investors looking to capitalize on the next wave of crypto innovation. The DePin sector has seen a 7.49% increase in the last day, with a total market capitalization of $25.8 billion. Leading DePin tokens like Arweave (AR), Render (RNDR), and Akash Network (AKT) have shown impressive gains. Despite Bitcoin's 2.5% decline, DePin tokens have demonstrated resilience, attracting interest from traders. Market analysts attribute this trend to the unique value proposition of DePin projects, which integrate blockchain technology with real-world applications, revolutionizing sectors like computing, energy, and telecommunications. Read more AI-generated news on: https://app.chaingpt.org/news

AI-related cryptocurrencies experienced a surge in value while Nvidia's stock faced a significant decline in market capitalization. Nvidia, a key player in the AI market, saw its stock drop by 11.08% over the past week. In contrast, tokens like Fetch.AI (FET) and SingularityNET (AGIX) saw gains of 23.46% and 20.83% respectively. This positive trend comes amidst a broader decline in the crypto market, with Bitcoin (BTC) and Ether (ETH) down by 9.17% and 4.23%. Nvidia's stock decline was attributed to concerns over executives selling off shares, with over $796 million cashed out this year. Despite this, AI tokens like Worldcoin and Arkham Intelligence's ARKM saw significant gains. The correlation between Nvidia's performance and AI tokens highlights the interconnected nature of the market, with both sectors influencing each other's movements. Read more AI-generated news on: https://app.chaingpt.org/news

Julian Assange was released from a London prison after more than five years and avoided extradition to the United States by agreeing to a plea deal. The WikiLeaks founder admitted to one count of conspiracy to obtain and disclose U.S. national defense information. As a result, he is expected to receive a sentence of five years and three months, including time served in Belmarsh Prison. Assange's sentencing is scheduled for June 25. In 2010, WikiLeaks turned to Bitcoin after PayPal cut off its account, following the publication of classified U.S. documents. This move brought Bitcoin into the mainstream, with its creator, Satoshi Nakamoto, cautioning against its use by WikiLeaks. Assange's legal battle began in 2019 when he was charged by the Trump administration. The case raised concerns about press freedom and the criminalization of publishing information. Assange's release marks a significant moment in his ongoing saga. Read more AI-generated news on: https://app.chaingpt.org/news

American singer Jason Derulo defied his own claims of never selling his newly launched crypto token JASON by selling thousands of dollars worth, as reported by analytics firm Bubblemaps. The token's co-creator, Sahil Arora, described the move as part of an 'orchestrated' plan. Despite Derulo's initial denial, evidence suggests he may have been aware of the situation. Bubblemaps identified wallets linked to Arora that profited significantly from the token's sale. While Derulo insisted on not selling his tokens, transactions from his alleged wallet contradicted his statements. Arora defended the actions as part of a strategic partnership, emphasizing mutual involvement and shared interests. The orchestrated plan resulted in a surge in JASON's value, although it has since experienced a decline. The incident highlights the complexities and risks associated with celebrity-backed cryptocurrencies in the market. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin's hash price, a key indicator of miner revenue per terahash, has dropped to one of its lowest levels ever. Luxor Technology's Hashrate Index reveals a 52% decline to $0.0459 per terahash second on June 24, following a recent high of $0.095 on June 8. Despite nearing the all-time low of $0.0447 set on May 1, it has slightly recovered to $0.0479. Bitcoin miners are facing challenges, with Adam Ortolf from Upstream Data noting a significant drop in hashpower. The current market conditions, influenced by Bitcoin's price, miner rewards, and mining difficulty, have led to a tough period for miners. The recent Bitcoin halving and decreased mining difficulty have further impacted miner profitability. Additionally, a substantial sell-off of Bitcoin by miners has been observed, with reserves hitting a 14-year low on June 19. Read more AI-generated news on: https://app.chaingpt.org/news

The play-to-earn blockchain game Hamster Kombat has faced criticism from Iranian officials, who view it as a tool of Western soft power. Despite this, the game's popularity continues to grow. Iranian military deputy chief Habibollah Sayyari and religious authority Ayatollah Nasser Makarem Shirazi have condemned the game and cryptocurrencies in general. However, these criticisms overlook the economic struggles faced by many Iranians due to sanctions and inflation. Blockchain games like Axie Infinity have provided a source of income for players in developing countries, although mainstream adoption remains a challenge. While Web3 games are gaining traction, a survey shows that a significant percentage of people are unaware of blockchain gaming. Joining gaming guilds can help offset costs and increase profits, highlighting the potential benefits of blockchain gaming for individuals in developing nations. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin layer-2 developer Alex Lab suspects that the $4 million exploit it encountered in May is connected to the infamous North Korean hacking group Lazarus Group. In a post on June 25, Alex Lab highlighted three wallet addresses used by hackers to drain funds from a Bitcoin-based DeFi protocol. The team collaborated with blockchain investigator ZachXBT to gather evidence linking Lazarus to the exploit. The attackers targeted the BNB Smart Chain bridge, stealing $4.3 million and $13.7 million worth of Stacks (STX) tokens. Despite some funds being frozen by exchanges, the hackers managed to offramp a significant amount. Alex Lab offered a 10% bounty for the return of stolen funds but received no response. The ALEX token's price has dropped by 10% in the past week and 47% in the last month, currently trading at $0.07. Read more AI-generated news on: https://app.chaingpt.org/news

Lingo, the innovative project based in Paris, France, is excited to announce its Public Presale on June 24th, 2024. This gamified rewards ecosystem, powered by Real-World Assets (RWA), aims to cater to the next wave of consumer crypto enthusiasts. Users can stake or quest $LINGO tokens to stand a chance to win real-life rewards from a network of over 3,000 brands like Spotify, Netflix, and Nike. By partnering with top Web3 projects, Lingo ensures tangible value for its users, addressing a key challenge in crypto adoption. With a team of industry experts and support from leading investors, Lingo is at the forefront of the RWA movement. The platform reinvests fees into RWAs, creating a growing rewards pool. Exclusive benefits await participants in Lingo Islands, offering special pricing and priority access. Join Lingo on its journey to revolutionize mainstream crypto adoption and unlock potential real-world rewards. Read more AI-generated news on: https://app.chaingpt.org/news

ZK Nation has revealed that the second phase of airdrop claims for its ZK token is now open. This round targets members of the Protocol Guild, contributors to external projects, and individuals nominated by ZKsync ecosystem projects. Eligible participants have until January 3, 2025, to claim their ZK tokens. The first wave of airdrops distributed 17.5% of the total supply of 21 billion ZK tokens, with 3,675,000,000 tokens available. ZKsync, a Layer-2 protocol for Ethereum, powers the ZK chains with zero-knowledge technology. The current ZK token price is around $0.16, reflecting a 7% decrease in the last 24 hours amidst market volatility. Despite this, the token remains 50% below its all-time high of $0.321 and is traded on platforms like Binance, OKX, Gate.io, and Bybit. Read more AI-generated news on: https://app.chaingpt.org/news

The rise of cryptocurrency gambling has brought a new level of excitement and thrill to the gaming world. Players are drawn to the potential for substantial rewards and the adrenaline rush that comes with placing bets in digital currencies. For those looking to explore the best games of chance in the crypto market, there are several standout options available on popular betting platforms. These games, known for their high Return to Player (RTP) rates, offer a win-win situation for players seeking both entertainment and lucrative wins. From slots like Fury of Zeus, featuring Greek mythology-inspired gameplay, to rock-themed slots with high RTP rates and exciting bonus features, the world of cryptocurrency gambling is full of adventure and potential riches. Dive into the depths of the ocean with Pearl Pursuit or test your luck in the dark lair of the White Tiger - the possibilities are endless in this thrilling crypto gaming landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Brazilian football legend Ronaldinho Gaúcho has generated buzz by advocating for the widespread acceptance of cryptocurrency, igniting discussions and enthusiasm among his extensive global fan base. Leveraging his influential stature, Ronaldinho posed a thought-provoking query on social media, rallying support for mainstream crypto adoption. This direct plea garnered over 2.2 million views and numerous retweets, showcasing significant interest in his endorsement. Recently, Ronaldinho unveiled a strategic alliance with Lingo, a platform merging reward tokens with real-world assets via blockchain tech. The partnership, announced on X (formerly Twitter), positions Ronaldinho as a key ambassador for Lingo, utilizing his star power to introduce a wider audience to digital assets. While some in the crypto community expressed doubts, citing Ronaldinho's past involvement in 'pump and dump' schemes, his influence remains potent in attracting new users to the crypto sphere. This episode underscores the impact of celebrity endorsements on market dynamics and investor sentiment in the crypto realm. Read more AI-generated news on: https://app.chaingpt.org/news

Tether and Taipei University have collaborated to enhance blockchain and digital asset education. The partnership offers specialized courses covering digital asset management, trading, and regulatory frameworks. It aims to equip students with the knowledge and skills needed to excel in digital finance. The program, introduced at NTUT's College of Management, has attracted over 110 students and is one of the most popular offerings. By integrating comprehensive blockchain courses into the curriculum, the collaboration bridges the gap between technological advancements and practical knowledge. Students will gain hands-on experience through real-world projects and case studies. The initiative also includes guest lectures and workshops by industry experts to provide valuable insights and networking opportunities. The establishment of a blockchain and digital asset research center at Taipei University will further promote academic research, industry collaboration, and innovation in the field. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin, known for its decentralized and transparent nature, is facing a challenge with the rise of derivatives. While derivatives are seen as a positive sign for Bitcoin, they may actually undermine its core principles. The energy consumption associated with Bitcoin is increasingly sourced from renewable energy, giving it tangible value. However, off-chain derivatives introduce complexity and centralization, deviating from Bitcoin's original ethos. These financial products risk diluting Bitcoin's scarcity and hindering its potential for financial inclusion. Additionally, derivatives trading does not contribute to clean energy development, unlike Bitcoin mining. By layering additional value through derivatives, Bitcoin may be held back from realizing its true potential as an ecologically sustainable alternative to traditional finance. It is essential for Bitcoin traders to consider whether these innovations align with the original vision of Bitcoin as a beacon of financial reform. Read more AI-generated news on: https://app.chaingpt.org/news

Carole House, a key figure in U.S. President Joe Biden's digital assets executive order, has announced her return to government service. House will now serve as a special adviser for cybersecurity and critical infrastructure policy at the White House National Security Council. While previously involved in regulatory and educational groups focusing on emerging tech like the Digital Dollar Project, House played a pivotal role in drafting the executive order establishing a regulatory framework for cryptocurrencies in the U.S. Her move back to the White House does not signal a shift in Biden's stance on crypto. With the upcoming presidential debate between Biden and Trump, the role of crypto in politics is gaining attention. Trump's campaign has embraced crypto donations, while Biden may also consider them. The influence of crypto voters on the 2024 election is already evident and expected to grow. Read more AI-generated news on: https://app.chaingpt.org/news

Louisiana has updated its laws to prohibit the use of central bank digital currencies (CBDCs) and regulate miners and node operators. The new legislation, known as the Blockchain Basics Act, will take effect in August 2024. It bars Louisiana from testing or accepting CBDC payments but does not restrict other digital currencies. The state is also imposing strict regulations on foreign-owned digital mining companies, requiring them to divest their interests by August 2024. Penalties for noncompliance can be as high as $1 million or 25% of the foreign party's stake. The law defines node operators as essential for maintaining blockchain integrity but without transaction control. This move mirrors similar actions in states like Florida and North Carolina, reflecting uncertainty around a digital dollar in the US. While some, like Trump, oppose CBDCs due to privacy concerns, others, including the Biden administration, are more open to exploring their potential amidst global CBDC development efforts. Read more AI-generated news on: https://app.chaingpt.org/news

Riot Platforms, in its bid to take over Canadian mining company Bitfarms, announced plans to replace three members of the board. Holding a 14.9% stake in Bitfarms, Riot's takeover efforts were hindered by Bitfarms' shareholder rights plan limiting ownership to 15%. Instead of acquiring more shares, Riot aimed to change board members and withdraw its acquisition proposal. Bitfarms, in response, expressed disappointment at Riot's actions, accusing them of undermining the process. The mining firm also criticized Bitfarms' board for not engaging constructively and mishandling the CEO succession. With the potential removal of interim CEO Nicolas Bonta, Riot's move to revamp Bitfarms' board signifies a significant development in the ongoing battle. Despite Bitfarms' stock price fluctuations, the conflict between the two entities continues to escalate, showcasing the intense competition within the cryptocurrency mining sector. Read more AI-generated news on: https://app.chaingpt.org/news

A recent survey revealed that Coinbase, a popular cryptocurrency exchange, is the most impersonated brand by scammers in the Web3 space. The survey found that among all United States crypto firms, Coinbase was the most targeted in phishing attacks, with 416 reported incidents in the past four years. Phishing attacks involve tricking investors into sending digital assets to the scammer's wallet. Despite Coinbase's high trust score and large trading volume, it remains a prime target for scammers. Other well-known brands like Bank of America and Mastercard have also been impersonated in phishing attempts. The prevalence of crypto scams and exploits continues to be a concern, with billions of dollars stolen over the years. As the crypto industry matures, addressing security vulnerabilities and increasing awareness are crucial to building trust and promoting adoption. Read more AI-generated news on: https://app.chaingpt.org/news