TL;DR Breakdown Major cryptocurrency exchange Binance is delisting privacy tokens for customers in France, Italy, Spain, and Poland due to local regulatory pressures. A total of 12 coins will be impacted by this move, including well-known privacy tokens like Monero (XMR) and Zcash (ZEC). The move to delist privacy tokens is part of Binance’s strategy to comply with local laws and regulations governing such tokens. In a move that signifies the mounting pressure faced by the cryptocurrency industry, Binance, a leading cryptocurrency exchange, has decided to delist privacy-focused tokens for customers residing in certain European nations. Countries such as France, Italy, Spain, and Poland will witness the termination of trading in privacy tokens including Monero (XMR) and Zcash (ZEC) from June 26. The impetus for this decision seems to lie in a bid to comply with local regulations and laws that oversee the trading of privacy-centric coins. A total of twelve coins will be impacted by the change including Decred (DCR), Dash (DASH), ZEC, Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), XMR, and…

TL;DR Breakdown Liquity price analysis is bearish today Support for LQTY/USD is present at $1.16 Resistance for LQTY is found at $1.25 Liquity price analysis shows that its price is bearish today. LQTY’s price has primarily traded in the red over the past week, and its price has been steadily falling. The LQTY price failed to maintain its upward trend and fell to $1.23 yesterday before rising to $1.17 at the time of writing. The price has dropped by more than 5.99%. The price may move lower over the next 24 hours to test support at $1.16 if bearish momentum persists and the price is unable to rise above the resistance level. The 24-hour trading volume for LQTY/USD has decreased to $9.8 million, and the market capitalization is currently at $108 million. Liquity price analysis 1-day chart: LQTY price falls to $1.17 as selling pressure builds The one-day Liquity price analysis reveals that the market is currently in a negative trend with a decrease in coin value. At the beginning of the week, the price had a comeback, but now…

TL;DR Breakdown El Salvador has recruited an economic advisor to join its National Bitcoin Office. The appointment highlights the country’s commitment to crypto integration. Renowned economist and author of “The Bitcoin Standard,” Dr. Saifedean Ammous, has taken up the role of economic advisor to the National Bitcoin Office of El Salvador. The appointment, announced on May 30, highlights the country’s commitment to incorporating Bitcoin into its economic policies. El Salvador’s new member will act as its economic advisor Dr. Ammous gained prominence with the publication of his book in April 2018. “The Bitcoin Standard” delves into the transition from solid stores of value to fiat currencies and inflated assets. It explores the history of money and how civilizations have evolved with their monetary systems. Expressing his enthusiasm for the new position, Dr. Ammous tweeted his excitement about working in the office of “the first country to adopt a Bitcoin standard!” He believes that Bitcoin’s unique characteristic of maintaining its value over time makes it an attractive asset, unlike traditional currencies that tend to depreciate. In his view, if individuals continue…

TL;DR Breakdown Chainalysis has acquired the Web3 platform Transpose to push for an on-chain financial system. The firm wants increased transparency and efficiency using the platform. Blockchain analytics firm Chainalysis has acquired Transpose, a Web3 data and infrastructure company. The announcement, made on Tuesday, revealed that the two companies will collaborate to create a future where all value is transferred on-chain and every company becomes a blockchain company. Chainalysis wants to push for an on-chain financial system While the exact financial details of the acquisition were not disclosed, Chainalysis emphasized that both companies share a long-term vision of a new financial system powered by blockchains. They believe that in the future, all businesses and developers will require blockchain data to build in the Web3 environment. The spokesperson mentioned that combining Transpose’s technology with Chainalysis’ knowledge graph will enhance transparency and efficiency in the future of finance. Chainalysis specializes in analyzing blockchain data to offer strategic insights and metrics to its clients, including government agencies and cryptocurrency firms. The company gained recognition in 2015 when it assisted law enforcement in apprehending…

TL;DR Breakdown Avalanche price analysis is in favor of the bearish side. Resistance for AVAX is present at $14.9. Support for AVAX/USD is present at $13.9. Avalanche price analysis shows bearish price action after the elongated bearish slide. Bears are covering a downwards range today, which has further deteriorated the circumstances for the token. The bears have been quite aggressive for the past two days, but today, the downfall has sped up as the decrease in price is steep, and the token price has reached a $14 low. The price function was headed upwards at the start of the week, but later on, bears made an impactful comeback and have been ruling the market since May 29, 2023. AVAX/USD 1-day price chart: The downward trend of the price carries on for the third day The one-day Avalanche price analysis shows that the bearish momentum has continued in the past 24-hours. Although the cryptocurrency faced loss in the past few days, the bulls still stand helpless, and the price levels continue sinking. The price is now settling at the $14 mark…

TL;DR Breakdown The SEC is cracking down on crypto influencers who promote scam projects and manipulate token prices on social media platforms. Former SEC chief John Reed Stark warns that these influencers will face prosecution, emphasizing that anti-fraud rules apply to all forms of price manipulation. Social media platforms such as Twitter, Discord, Instagram, and Reddit have become hotspots for fraudulent activities, making it easier for regulators to gather evidence and prosecute wrongdoers. The United States Securities and Exchange Commission (SEC) is intensifying its efforts to hold crypto influencers accountable for promoting fraudulent projects and manipulating token prices through social media channels. Former SEC chief John Reed Stark took to Twitter to warn crypto influencers sternly, indicating that their days of operating without consequences are numbered. Stark highlighted that the same anti-fraud regulations apply to all forms of price manipulation, including crypto securities, exchange-listed securities, and penny stock securities. Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not at your peril. Not only will you eventually get caught, but your prosecution will also…

TL;DR Breakdown Roger Ver, famously known as “Bitcoin Jesus,” promotes Ethereum as a force of mass crypto adoption in the DeFi global ecosystem. Ethereum does not exist to provide a stateless alternative currency or an anonymous shadow economy. It simply provides neutrality. Ver also spoke on the recent Ledger debate, calling the controversial Recover service “disappointing.” Roger Ver made headlines for allegations of defaulting on debt in 2022. Despite its scaling issues and competition from layer-one clones, Roger Ver has commended Ethereum as the primary force behind worldwide crypto adoption. Speaking on the Show Me The Crypto podcast, Ver praised the development of layer-2 scaling techniques like Polygon MATIC and the rise of Ethereum.  Ethereum’s Growth and Scaling Solutions: Ver’s Perspective According to news reports, Roger Ver, a Bitcoin investor, asserted that Ether will be the main attraction for new users to crypto. Despite Ether’s scaling troubles and the numerous layer-one clones that have emerged in its aftermath, Ver, known as “Bitcoin Jesus” for his early support of bitcoin, claimed on a May 31 episode of the Show Me The…

TL;DR Breakdown Polkadot price analysis is bearish today. The strongest support is present at $5.23. The strongest resistance is present at $5.49. Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In the last few days, the cost of DOT has received much positive attention and has increased to a slight degree. On May 30, 2023, the price suddenly decreased from $5.53 to $5.31. However, the price started to gain further positive momentum the same day and regained a value of as much as $5.35. On May 31, 2023, the price saw slight highs and reached an all-day high of $5.33. Moreover, the currency price of the cryptocurrency remains around $5.29. The present trading price of Polkadot is $5.29, accompanied by a 24-hour trading volume of $225.39 million. Its market capitalization stands at $5.23 billion, contributing to a market dominance of 0.46%. Over the past 24 hours, the price of Polkadot has decreased by -2.73%. Presently, the sentiment for Polkadot’s price prediction is bearish, while the Fear & Greed Index indicates a…

TL;DR Breakdown A crypto influencer named Pauly0x made close to $1 million after requesting Ethereum transfers from fans to his yougetnothing.eth wallet. Pauly congratulated those who joined the “million dollar club” on May 31, adding that they will “literally receive nothing.”  Analysts speculate that some whales may be reducing their holdings because of worries about the scalability of Ethereum and its high transaction costs. Crypto influencer Pauly0x has unexpectedly made nearly $1 million by demanding Ethereum transfers to his yougetnothing.eth wallet. With a tweet calling the Bitcoin sector “an absolute joke,” this experiment drew much attention and more than $1 million in just seven minutes. The episode demonstrates the crypto sphere’s quirkiness and unpredictability. Pauly0x swoops $1 million in Ethereum transfers According to media reports, a crypto influencer named Pauly0x made close to $1 million after requesting Ethereum transfers from fans to his yougetnothing.eth wallet. In response, the social media influencer called the cryptocurrency industry “an absolute joke” on Twitter. Pauly0x made a public Ethereum address available to the public on May 30. A GIF of the “You Get Nothing!”…

TL;DR Breakdown NatWest’s Celebrity Scam Super League reveals celebrities whose images have been exploited in crypto scams, with Peter Jones and Sir David Attenborough topping the list. Scam ads primarily originate on social media platforms, including Facebook and Twitter, and customers have fallen victim to fake investment articles and advertisements. NatWest warns consumers to be cautious of fake celebrity investment adverts online and calls for a collaborative effort with social media companies to eliminate these fraudulent practices. NatWest, a prominent British bank, has released its annual Celebrity Scam Super League table, revealing the celebrities whose images are unknowingly used by fraudsters to steal millions of pounds from unsuspecting individuals. Peter Jones, known for his role in Dragon’s Den, is topping the list, closely followed by renowned naturalist Sir David Attenborough. Surprisingly, Holly Willoughby and Philip Schofield, who jointly topped the table last year, have dropped out of the top rankings for the first time. Social media: The breeding ground for scam ads The majority of scam advertisements targeting consumers originate from social media platforms. Facebook and Twitter, among others, have…