Decentralized satellite internet project SpaceCoin (SPACE) has initiated a proof of concept (PoC) with South African ICT firm BCX, a subsidiary of telecommunications group Telkom SA. The announcement, made on June 11, confirms that the collaboration aims to test satellite-based Internet of Things (IoT) connectivity and has received approval from South Africa’s communications regulator, ICASA.
South Korea retained its position as the world’s second-largest cryptocurrency market in the first quarter of 2024, with an estimated trading volume of $69 billion, according to a report from U.S. blockchain analytics firm TRM Labs. The data, cited by the Seoul Economic Daily on June 11, places the United States firmly in the lead
Swellchain (SWELL) has confirmed via its official X account that it will permanently shut down its native network on June 15. The decision follows an earlier announcement in April, in which the project revealed plans to discontinue its own blockchain infrastructure to concentrate resources on Faro, an artificial intelligence intelligence platform built on the Hyperliquid
Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain. The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas,
SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated brokerage and crypto trading platform, which are launching a tokenized version of the stock called SPCX. The token, issued by Backpack, represents ownership of
At the time of publication, Bitcoin is trading at $62,557, below its power law fair value of $134,761 and beneath the lower band of $67,380. According to analyst Mark Harvey, Bitcoin has rarely deviated this far from the power law model. Each time it reached this level of undervaluation relative to the model, a significant
In brief The IMF said crypto flows in Nepal grew markedly between 2019 and 2024 despite a legal ban, peaking above 13% of GDP in 2021. It urged Nepal to regulate crypto under international standards, warning of capital-control evasion and deposit outflows. An expert told Decrypt that trading and remittances keep crypto alive in banned
Nasdaq-listed company Nakamoto (ticker: NAKA) has sold 600 Bitcoin and related derivatives to repay outstanding debt, the firm announced in a press release. The transaction reduces the company’s total Bitcoin holdings to 4,467 $BTC, marking a notable shift in its corporate treasury strategy. Debt Reduction Through Bitcoin Liquidation Nakamoto, which has been strategically accumulating Bitcoin
Over the past weeks, Bitcoin has declined significantly in price, putting the market in fear as many retail and institutional traders begin to take extreme caution. While Bitcoin’s downtrend had persisted, the asset saw a major decline during the last week when it plunged to an extreme low of $59,000. Bitcoin drops within 9% of