Spark token continued its freefall on Wednesday, June 18, a day after launching its highly anticipated airdrop. Spark (SPK) plunged to a low of $0.0470, down 30% from its highest point a day earlier. The decline came as its 24-hour trading volume surged 80% to over $378 million, significantly higher than its market capitalization of…
Bitcoin price has retreated in the past few days, and the futures market points to more downside, potentially to $100,000. Bitcoin (BTC) dropped to $104,650 on Wednesday, June 18, marking a 6.52% decline from its highest level this year. Option traders are increasingly betting on further declines. Data from Deribit shows that the put-to-call volume…
Ethereum has now traded in a tight range for over a month, with neither bulls nor bears taking full control. As price compresses and volatility stalls, the setup becomes increasingly primed for a strong directional move, but which way will it break? For the past 39 days, Ethereum (ETH) has been locked between two critical…
Norwegian digital asset firm K33 wants to issue a round of shares to raise enough capital to buy as much as 1,000 BTC. The offering has already received full subscriptions. In an official press release, the Norwegian firm declared that it would issue new company shares in order to raise at least 85 million Swedish…
The first European Bitcoin Treasury company, The Blockchain Group, just purchased 17 million euros worth of BTC. This brings the company’s total holdings to a total of 1,653 BTC. In an official press release, The Blockchain Group declared that it has acquired a combined total of 182 BTC (BTC) in the time period from May…
AgriFORCE Growing Systems Ltd., a Canadian agricultural company, has launched a Bitcoin mining operation in Alberta, powered by stranded natural gas. In its June 17 announcement, AgriFORCE said the site was launched in partnership with energy provider BlueFlare Energy. The site, located in Berwyn, Alberta, is the company’s first operational deployment under its Power &…
Three Chinese firms that control more than 90% of Bitcoin mining hardware market are reportedly setting up manufacturing hubs in the U.S. as direct result of President Trump’s tariff war. According to a recent report by Reuters, the world’s top three Bitcoin (BTC) mining hardware manufacturers, all originating from China, are gearing up to penetrate…
XRP price continued to slide for the second straight day despite getting approval for the first spot ETF listing in Canada. According to recent reports, asset manager Purpose Investments has received final approval from Canadian regulators to launch the country’s first spot XRP ETF. Trading for the Purpose XRP ETF will begin on Wednesday, June…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The original purpose of crypto as a tool to bypass centralized finance and give people control back has evolved beyond its initial user base. According to one report, worldwide crypto ownership exceeds…
Thailand has announced a five-year exemption on capital gains tax for crypto transactions, aiming to boost tax revenue and position the country as a global digital asset hub. Thailand’s Ministry of Finance has approved a new tax measure aimed at promoting the country as a global digital asset hub. Deputy Finance Minister Julapun Amornvivat announced…
