Global

Just a week after celebrities Caitlyn Jenner and Iggy Azalea launched meme coins, professional wrestler Hulk Hogan seemingly followed suit by introducing the HULK token on Solana. However, the coin quickly turned out to be a scam, leaving investors at a loss.

Bybit, a major cryptocurrency exchange, has reportedly initiated registration and identity verification procedures for Chinese citizens residing outside China. Users can now sign up and engage in crypto trading on the platform using their Chinese national identification. However, trading cryptocurrencies while based in China appears to remain prohibited.

In the past year, Binance, the leading exchange globally in terms of trading volume, faced significant regulatory challenges that led to substantial market exits and the suspension of several services.

Bitcoin advocate Max Keiser has once again emphasized his belief in Bitcoin's superiority over Ethereum, forecasting a bleak outlook for the latter cryptocurrency. On a social media platform, Keiser reiterated his longstanding argument that Ethereum, along with other alternative coins, pales in comparison to Bitcoin due to fundamental disparities in their technologies and legal categorizations.

Telegram introduced a new payment system called 'Telegram Stars' for purchasing digital goods and services within the social media platform. This system enables users to buy items like e-books and online courses directly through in-app purchases on both Apple and Android devices.

Renowned investor and author Robert Kiyosaki has reiterated his warning about an impending financial crisis in the United States and globally. He has predicted that Bitcoin (BTC), one of his favored assets for protecting against economic downturns, could surge to $350,000 by late August 2024.