Why Binance.com.au is Now Delivering Flowers

Top crypto exchange Binance has lost a domain name dispute with an Australian florist over the website binance.com.au. Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the exchange in April, finding that Binance had “not discharged its onus of demonstrating the Respondent does not have rights or a legitimate interest in the disputed domain name.” WIPO concluded that “no good purpose would…

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Supreme Court Limits SEC’s Power to Seek Punitive Fines on Crypto Firms

The US Supreme Court made a ruling on June 23 which will limit the amount of fines the SEC can impose on crypto and blockchain firms. The United States Securities Exchange Commission (SEC) has new regulatory limitations when it comes to punishing defendants with fines. The ruling would have altered the fines sought in some notable recent cryptocurrency-related cases. According to a June 23 summary of the U.S. Supreme Court case Liu v. SEC in the National Law Review, the court ruled the SEC can not impose fines—known as disgorgements—that…

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DeFi Boom: Balancer Echoes Compound With 235% Spike on First Day

DeFi tokens like LEND — the price of which has increased by 3900% since 2019 — rallied further this week, some to new all-time highs. Decentralized finance (DeFi) tokens from Balancer, Ben, Aave and Swissborg have all made huge gains, in the wake of excitement generated by the distribution of Compound’s governance token. Less than twelve hours after Balancer announced its protocol governance token BAL was live on the Ethereum mainnet, and the price jumped from $6.65 to $22.28. At the time of writing, the DeFi token was trading at…

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Compound Token Suffers Heavy Losses But Still Dominates DeFi Rankings

After a Coinbase Pro listing drove Compound Governance Token prices up more than 100%, the market is now crashing back to Earth. Compound Governance Token (COMP), the native token to the popular decentralized finance (DeFi) protocol Compound, has suffered heavy losses after its meteoric first day of trading on Coinbase. After trading as high as $427 on Coinbase Pro on Tuesday, COMP has fallen back below $250 within 8 hours of the local high. With less than one-quarter of COMP’s entire supply currently circulating, the aggressive price swings were driven…

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83% of Bitcoin Addresses Currently Profitable, Says Glassnode

At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable – a low for 2020. Per the new data, the highest proportion of addresses in profit this year reached 89% on June 1, when the price of bitcoin rose above $10,400, it’s highest level in nearly four months. Bitcoin investors are, however, not as…

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Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High

Fees for Ethereum transactions are at an all-time high but what does this mean for the network and ETH price? The median transaction fees on the Ethereum network are the highest they have been in two years and have risen above Bitcoin fee for the second time in the last three months.  Recently, Coinbase researcher Max Bronstein tweeted the chart below and suggested that the most recent surge seems to be due in largely in part to increased interaction with stablecoins on the Ethereum network. Tx. fee earnings of Bitcoin…

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Ampleforth Launches Liquidity Program to Target Uniswap 2.0

Digital asset protocol releases incentive program to incentivize AMPL liquidity on Uniswap 2.0. Digital asset protocol Ampleforth announced the official launch of a new “Liquidity Incentive Program’ on June 23′. This program, named Geyser, targets Uniswap 2.0 and aims to enable users to stake their Ample liquidity tokens (AMPL) to earn staking rewards. According to the announcement, users will earn Ample tokens based on the amount of liquidity provided and the duration the user’s tokens are available. The company claims that the entire process is on-chain and non-custodial. Targeting Uniswap…

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Here Are Some of the Upcoming Witnesses Requested to Speak in Kleiman v. Wright

The list of witnesses submitted by the litigating parties in the Kleiman v. Wright case. The litigating parties in the Kleiman v. Wright case have presented a joint witness list, which includes Andreas Antonopoulos, Gavin Andresen, Wright’s ex-wife, and a confidential witness. The parties have requested 36 witnesses in total. The high profile crypto case that has enchanted the crypto community for years is scheduled to go to trial in late August. The witnesses are split into fact and expert witnesses. Notable witnesses Some of the notable fact witnesses include:…

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Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and litecoin all have a network or miner fee associated with sending each and every transaction. This means in order to send a fraction of bitcoin (BTC), there must be enough BTC in the wallet to…

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Bitpay Accepts Company of the Year Accolade

Bitpay wins Company of the Year Award from market research company. Digital asset transaction platform, Bitpay, has won the Frost & Sullivan Company of the Year Award in the alternative payments category. “Bitpay is a true industry leader, delivering best practices in growth, innovation, and leadership,” David Frigstad, Frost & Sullivan’s chairman, said in a June 23 statement.  Frost & Sullivan is a notable market research company over 50 years old.   Bitpay facilitates payment in Bitcoin Founded in 2011, Bitpay paved the way for businesses to accept Bitcoin as a form…

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