Crypto firm pleads guilty to wash trading FBI-made token
CLS Global admitted to helping wash trade and manipulate the market for a token made by the FBI designed to draw in those engaged in fraudulent crypto activities.
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Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market
Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300. Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result,…

MetLife’s LumenLab Using Blockchain to Automate Life Insurance Claims
MetLife subsidiary LumenLab is using blockchain technology to automate life insurance claims, according to a news release published on June 17.Known as “Lifechain,” the collaboration with Singapore Press Holdings and NTUC Income will enable bereaved families who place obituaries in a local newspaper to instantly trigger searches to see whether their loved one had a life insurance policy.This month,…

El Salvador buys 12 Bitcoin in a day, bringing reserve to 6,068 BTC
El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.

ZkSync denies NFT ‘insider minting,’ claims some minters attended events
Matter Labs stated that its employees were not eligible for the ZK airdrop and did not hand out NFTs to friends or other insiders.

Ryan Salame seeks to void guilty plea, says fed didn’t keep promise
The government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.

Solana TVL declines, but will SOL price react negatively?
SOL recently rallied to $152 but will a decline in Solana’s network TVL negatively impact the altcoin’s price?

Securities and Exchange Commission Plans to Hire in-House Crypto Specialist
The United States finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency, a job application that originally appeared on April 5 confirms.The SEC, which continues to iron out policy regarding U.S. domestic treatment of cryptocurrency tokens, will pay up to $239,000 per year for its…

Crypto chatter about ‘buying the dip’ hits 8-month high: Santiment
The ratio of mentions on social media for “buying the dip” has ramped up as Bitcoin dropped below the six-figure price level just days before Christmas, according to Santiment.