Bolivia Lifts Ban on Bitcoin and Other Cryptocurrencies
$BTC
$61,900
+1.37%
According to PANews, Bolivia has lifted its ban on Bitcoin and other cryptocurrencies. The ban, which was implemented in December 2020, has now been officially lifted by the Central Bank of Bolivia (BCB) on June 26. The bank has announced that financial institutions are now permitted to carry out cryptocurrency transactions.
Despite the fact that cryptocurrencies can now be traded through official electronic channels, the Central Bank of Bolivia has issued a warning to its citizens that cryptocurrencies are not considered legal tender. This means that, although it can be used for transactions, it is not recognized as official currency by the Bolivian government.
The move marks a significant change in Bolivia's attitude towards cryptocurrencies, which were previously banned due to concerns over their potential use in illegal activities. The lifting of the ban shows the growing acceptance of digital currencies and potentially paves the way for further integration of cryptocurrencies into the country's financial system.

Lisk Blockchain Platform Begins Voting on the Future of 100 Million LSK Tokens
$LSK
$1,001
-1.67%
According to Foresight News, blockchain application platform Lisk has begun voting on whether to keep or destroy 100 million LSK tokens, which is 25% of the total supply cap of 400 million. Voting is scheduled to take place on the new Lisk DAO on September 24 and will last for seven days, until October 1.
If the community chooses to allocate DAO funds, 100 million LSK tokens will be distributed to the Lisk DAO funds. These tokens will belong to the fund from 2027 to 2033, with 15 million LSK tokens distributed annually for six years, and 10 million in the seventh year.
If the community chooses to crash, 100 million LSK tokens will be permanently removed from the total supply. This decision will have a significant impact on the future of the Lisk platform and its token economy.

$RNDR looking strong today. It has moved forward after finding support at $7. There is a promising opportunity to reach our $13.1 target earlier than expected, especially if Bitcoin remains in positive territory.
Previously, we had seen a profit increase of 570% in the previous rally.

Grayscale transferred 334 BTC to a Coinbase Prime address
$BTC
$61,331.7
-2.57%
According to Golden Finance, according to Arkham data, the Grayscale address transferred 334,281 BTC to the Coinbase Prime address, worth approximately US$20.39 million. Additionally, Grayscale also transferred 1,400 BTC (worth approximately $85.4 million) to 2 new addresses.

BNB Surpasses 570 USDT with Decline Narrows 1.52% in 24 Hours
$BNB
$569.1
-1.90%
On June 25, 2024, 01:14 (UTC). According to Binance Market Data, BNB has crossed the 570 USDT benchmark and is now trading at 570.200012 USDT, with the decline narrowing by 1.52% in 24 hours.

Masa Partners With GT Protocol To Enhance Web3's AI Asset Management Platform
According to Foresight News, Masa, a decentralized 'AI Data Chain', has announced a partnership with GT Protocol. GT Protocol plans to integrate Oracle's Masa Data to enhance its Web3 AI asset management platform. This integration will leverage real-time asset prices, changes, and social sentiment trends to improve the platform. It will also simplify the user experience through automated insights and portfolio management decision-making processes. Additionally, GT Protocol intends to use Oracle Data Time to extract and aggregate data from crypto assets and price trackers, thereby enriching its asset database.

Uniswap Front-End Transaction Fees Reach $43.23 Million
$UNI
$8,978
-9.10%
According to BlockBeats, Uniswap, a decentralized finance protocol, has reported a significant increase in front-end transaction fees. As of June 22, the cost had reached $43.23 million. This data is provided by DefiLlama, a trusted source for decentralized finance statistics and analysis.
Uniswap's front-end transaction fees, also known as revenue, are an important indicator of the platform's performance and popularity among users. The increase in fees indicates a surge in platform usage, indicating growing interest in decentralized financial solutions.
However, it is important to note that while high transaction fees can indicate the success of a platform, they can also deter potential users due to increased transaction costs. Therefore, Uniswap management needs to balance the need for revenue with the desire to attract and retain users.
This news underscores the dynamic and rapidly evolving nature of the decentralized finance sector. As more individuals and businesses turn to these platforms to meet their financial needs, competition between these platforms is expected to become fiercer, driving further innovation and improvement in the sector.

$BitGo Announces Support For Wormhole W's Native ERC-20 Governance Token
W
$0.351
+3.24%
According to BlockBeats, digital asset custody provider BitGo has announced its support for Wormhole's native ERC-20 governance token, W. Starting June 22, users can now store W tokens in self-managed hot wallets, custodial wallets, and cold wallets.
BitGo's decision to support W tokens expands the options for users to safely store their digital assets. This move is expected to increase the accessibility and usability of the W token, potentially leading to wider adoption of the Wormhole platform.
W token is the native ERC-20 governance token of the Wormhole platform. ERC-20 is the technical standard used for smart contracts on the Ethereum blockchain to implement tokens. Support from BitGo, a leading digital asset custody provider, is a significant step towards wider acceptance and use of W tokens.
BitGo's support of the W token is part of its ongoing commitment to providing secure and reliable digital asset storage solutions. The company offers a variety of services including hot wallets, which are online storage systems; custodial wallets, which are managed by third parties; and cold wallets, which are offline storage systems. This service provides users with various options to store their digital assets safely.
This announcement comes in line with the growth and development of the digital asset industry. As more users and businesses adopt digital assets, the need for secure storage solutions becomes increasingly important. BitGo's support of the W token is a testament to the company's dedication to meeting this growing demand. $W

BitGo Announces Support For Wormhole W's Native ERC-20 Governance Token
W
$0.344
-2.27%
According to BlockBeats, digital asset custody provider BitGo has announced its support for Wormhole's native ERC-20 governance token, W. Starting June 22, users can now store W tokens in self-managed hot wallets, custodial wallets, and cold wallets.
BitGo's decision to support W tokens expands the options for users to safely store their digital assets. This move is expected to increase the accessibility and usability of the W token, potentially leading to wider adoption of the Wormhole platform.
W token is the native ERC-20 governance token of the Wormhole platform. ERC-20 is the technical standard used for smart contracts on the Ethereum blockchain to implement tokens. Support from BitGo, a leading digital asset custody provider, is a significant step towards wider acceptance and use of W tokens.
BitGo's support of the W token is part of its ongoing commitment to providing secure and reliable digital asset storage solutions. The company offers a variety of services including hot wallets, which are online storage systems; custodial wallets, which are managed by third parties; and cold wallets, which are offline storage systems. This service provides users with various options to store their digital assets safely.
This announcement comes in line with the growth and development of the digital asset industry. As more users and businesses adopt digital assets, the need for secure storage solutions becomes increasingly important. BitGo's support of the W token is a testament to the company's dedication to meeting this growing demand.

4Arts Protocol Secures $1.3 Million Seed Funding Round
According to Odaily, Cul&Art-meme driven platform project 4Arts Protocol has announced the completion of a $1.3 million seed funding round. The round was led by Crypto Alpha SB Fund, with participation from Crypto Store LB Capital, NOBI Capital, Crypto View, CoinDEX CEO Gupta King, and other individual investors from the entertainment and crypto industries.
4Arts Protocol offers an IP tokenization platform that uses cryptocurrency for profit sharing. RWA meme participants can get various rights such as RevShares. The platform currency is used to govern the platform ecosystem, and platform profits will be used for token buybacks. The deflationary dual currency governance mechanism ensures a healthy parallel development of the spiral.
The funds raised will reportedly be used to help them establish an entertainment RWA incubation fund, helping various entertainment memes be published on the '4Arts RWA Launchpad' RWA memespad. The platform allows users to issue and trade IP meme tokens.

Space ID Strategic Sale Begins First Open, Releasing 26.67 Million Tokens
$ID
$0.4493
-0.35%
According to Foresight News, Arkham data monitoring has reported the first opening of a Space ID Strategic Sale. Multi-signature contract addresses starting with 0x54 have unlocked 26.67 million ID tokens from a contract marked as Space ID: Strategic Sale Unvested. The value of this token is approximately $11.92 million.
Space ID's Strategic Sale Round accounted for 8% of the total token supply, which is 160 million. These tokens are locked for a period of one year and will be released linearly every quarter for the next three years.

Water Coin Memecoin Presale Raises $41 Million, Possibly Biggest Memecoin Presale To Date
According to Odaily, presales of the Water Meme coin have reportedly raised $41 million. The information was revealed by ZachXBT, who also hinted that three crypto KOLs may have participated in the presale.
Moonke Dev's analysis reveals that presales begin at 15:00 UTC on June 21. Within the first minute, around 200,000 SOL, worth around $26 million, was collected. Five minutes later, the amount collected increased to 300,000 SOL or the equivalent of $40 million. Fundraising has now reached approximately $41 million.
This large amount raised has the potential to make Water the largest Memecoin presale to date. The presale was attended by more than 26,000 wallets. The involvement of a large number of wallets shows the growing interest in the Water Meme coin and its potential impact on the crypto market.

It's important to know about cryptocurrency taxes in Canada. 50% of capital gains from cryptocurrency investments are taxable. For example, if you buy $10,000 worth of Bitcoin and sell it for $15,000 when its value increases, only your $2,500 profit will be taxed.📈 However, 100% of business income from cryptocurrency transactions will be taxed.🏦 Cryptocurrency exchanges, trading with people other cryptocurrencies, and Transaction services such as the use of cryptocurrencies are subject to tax. However, buying and holding cryptocurrencies is not taxed.🚀

$IO #prediction
According to our current io.net price prediction, the price of io.net is expected to rise by 223.62% and reach $12.12 on July 21, 2024. Based on our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is indicating 63 (Greed). io.net recorded 6/10 (60%) green days with price volatility over the last 30 days. Based on io.net estimates, now is a bad time to buy io.net.

One whale spent about $7.68 million on the newly launched memecoin, seeing its investment drop by 76% as the token price fell. However, the whale did not sell its assets despite suffering a loss of $5.87 million at the time of writing. 🍺
The whale bought 35.7 billion tokens into the alcohol-themed memecoin Beercoin (BEER), which launched earlier this month after a viral presale in May. Whales purchased $7.68 million worth of BEER tokens between May 25 and June 18.
When the price of Beercoin fell sharply, the whale's assets fell to $1.81 million. However, what needs to be noted is that this BEER coin enthusiast has not sold any of his tokens.
One analyst says BEER will recover. These Beercoin holders spent $1.08 million.
The meme coin market experienced a massive bullish run in late 2023 and the first few months of 2024. However, the current downturn could push most tokens further into the red zone.

5 Cryptos to Sell to Avoid Bear Market Losses
1. Solana (SOL)
- Solana down 4,67%, trading at $137. It has experienced a weekly loss of 11% and a monthly decline of 21%, making it a high-risk asset in the current market.
2. Toncoin (TON)
- Toncoin, despite previously rising, is now at $7.26, down 5.5% today. The bearish trend and short-term volume declines indicate that this is a crypto to consider selling.
3. Avalanche (AVAX)
- Avalanche traded at $25.93, down 9.8% in the last 24 hours. The currency has lost 18% over the last week and 30% in the last few hours, leaving it vulnerable to further declines.
4. *Dogecoin (DOGE)
- Dogecoin is on the decline, trading at $0.1194, down 11% today. Its weekly performance was negative by 15%, reflecting weak market sentiment.
5. Shiba Inu (SHIB)
- Shiba Inu down 10.44% to $0.00001764. The bearish outlook has caused the sell-off to continue, making it a candidate for short-term risk mitigation.

Aleph Zero Launches zkOS, an EVM Compatible Privacy Layer
According to Odaily, Aleph Zero, a privacy-enhanced public blockchain running on the Substrate stack, has announced the launch of zkOS. This privacy layer is compatible with the Ethereum Virtual Machine (EVM) and can generate zero-knowledge proofs on consumer devices in less than a second. ZkOS is now live on testnet.
Developed by Polkadot developer Parity Technologies, the team behind Aleph Zero states that zkOS enables private transactions and dApp interactions without revealing the underlying data. ZkOS uses Halo2 with KZG's commitment to produce faster proofs and provides zkToolkit to simplify developer integration.
Based on benchmark testing, zkOS can execute proofs on a MacBook in 600-800 milliseconds. The goal of zkOS is to be faster, more user friendly, and easier for developers to integrate into Ethereum applications.

SEC Completes Investigation Into Ethereum 2.0 Consensys, No Charges Filed
According to Odaily, the US Securities and Exchange Commission (SEC) has completed its investigation into Ethereum 2.0 Consensys without filing any charges. However, this does not mean that the SEC has definitively determined that Ethereum is not a security. Rather, it provides another data point that the commission has concluded that it will not currently file lawsuits alleging Ethereum is a security.
Teresa Goody Guillén, a partner at the law firm BakerHostetler and a former SEC litigation attorney, stated that the SEC's decision to drop the investigation may have been due to the high risk of litigation that the agency had to bear. An unnamed former SEC enforcement attorney echoed this sentiment, stating that closing the case does not mean that they have decided that these are not securities. Instead, they may decide not to risk litigation.
This development marks an important point in the ongoing debate regarding the classification of cryptocurrencies as securities. The SEC's decision not to file charges at this time does not definitively resolve the issue, but it does indicate a potential shift in the regulatory landscape for Ethereum and similar digital assets.

According to Foresight News, blockchain technology provider nChain has announced the launch of a new product suite platform at BSV DevCon. This platform is designed for developers and aims to simplify the transition from Web2 to Web3. Apart from that, nChain also introduced a digital signature solution called nChain Sign. This solution uses the BSV blockchain to provide a secure, immutable, and transparent method for signing and verifying documents.$BSV

According to BlockBeats, a wallet address marked as BKA German Government sold approximately 6500 BTC on June 19. The crypto wallet has held nearly 50,000 BTC since February 2024. These funds were confiscated from the operator of the pirated movie website Movie2k and are currently in custody. 43,359 BTC, worth 2.83 billion USD. $BTC