Crypto News
Gemini: Over 50% of Gen Z Own Crypto, Driving Adoption Trends
The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors. Gen Z Are Driving Crypto Adoption A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency. This rateSource link
Kraken to Delist USDT, Four Other Stablecoins for European Users
Crypto exchange Kraken said it will delist five stablecoins, including USDT, for users in the European Economic Area. Describing the move as a difficult decision, Kraken said the changes ultimately ensure its compliance and ability to provide an exceptional trading experience to European clients long term. The exchange said it will halt all spot tradingSource link
Binance CEO Reveals How to Avoid Ponzi and Pyramid Schemes
Binance’s CEO cautions investors about increasingly sophisticated crypto scams and offers guidance on navigating the industry’s future. Ponzi Schemes Are Getting Smarter—Binance CEO’s Urgent Safety Playbook Binance CEO Richard Teng shared safety advice on social media platform X on Wednesday, emphasizing the importance of vigilance against fraudulent investment schemes. He stated: Stay safe from PonziSource link
Hungary Threatens to Block EU Sanctions on Russia, Citing 19 Billion Euros in Losses
Hungary is threatening to block EU sanctions against Russia, citing €19 billion in losses and accusing Brussels of failing to uphold energy security commitments, Prime Minister Viktor Orban warned. EU’s Russia Sanctions at Risk—Hungary Says Economic Damage Is Too High Hungary is prepared to block any further extension of European Union sanctions against Russia ifSource link
Microstrategy Locks in New Funding to Fuel Bitcoin Buying Spree
Microstrategy is doubling down on bitcoin, raising over $563 million through preferred stock. With 423,650 BTC already, Saylor envisions a $13 million price future. Microstrategy’s Latest Funding Play Sets Up Its Next Big Bitcoin Move Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) has announced the pricing of 7.3 million shares of its 8.00% Series ASource link