The Crypto Roundup: 10 June 2024

Latest price and news from the crypto space

Latest price from our hand picked list of digital assets

Top stories in today’s The Crypto Roundup:

European Central Bank (ECB) president nominee tables measured regulatory approach to digital currencies in parliamentary address.
Samsung to launch smartphone compatible with Klaytn blockchain.
Blockchain.com reportedly in talks to raise a $50 million venture capital fund.

BTC/USD has comfortably managed to remain above $10,000 since bursting through the psychologically significant price level earlier in the week; an encouraging sign for bitcoin holders. The trading pair spiked to a two-week high of $10,800 last night (UTC), before falling to—and subsequently rebounding off of—$10,500 overnight.

At the time of writing, bitcoin (BTC) is trading at $10,583.3 (+1.81%) with daily trusted volumes of $1.54 bn. As for ether (ETH) it is trading at $174.6 (+0.7%) with daily trusted volumes of $231.24 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,207.96 (–0.20%).

ECB President Nominee Calls for Measured Approach to Digital Currency Regulation

ECB president nominee Christine Lagarde issued to the Economic and Monetary Affairs Committee of the European Parliament on Wednesday her statement laying out the guiding principles she would follow if successful with her nomination.

Notably, Lagarde acknowledged digital currencies when addressing how she would, as ECB president, navigate emerging technologies. Below is the relevant paragraph: (Emphasis her own).

“In this environment, central banks and supervisors need to ensure the safety of the financial sector, but also to be open to the opportunities provided by change. In the case of new technologies – including digital currencies – that means being alert to risks in terms of financial stability, privacy or criminal activities, and ensuring appropriate regulation is in place to steer technology towards the public good. But it also means recognizing the wider social benefits from innovation and allowing them space to develop.”

WSJ: Samsung to Launch Klaytn Blockchain-Friendly Smartphone

Citing sources familiar with the matter, The Wall Street Journal reported Thursday that South Korean electronics giant Samsung is launching yet another blockchain-friendly smartphone as a variant to its flagship Galaxy Note 10: KlaytnPhone.

Expected to be available only in South Korea, KlaytnPhone will be compatible with Klaytn, the public blockchain network developed by Ground X—a subsidiary of the leading South Korean mobile phone, Kakao.

Blockchain.com Reportedly Looking to Raise $50 Million Venture Fund

Blockchain.com is currently in talks with investors about raising $50 million for a venture capital fund, according to Yahoo Finance UK.

The London-based, Luxembourg-domiciled Blockchain.com—which counts Virgin founder Richard Branson and Google parent Alphabet’s GV among its backers—is seeking to use the $50 million to invest via both traditional equity and digital assets.

Despite declining to comment on the story, Yahoo Finance UK noted that the LinkedIn profile of Samuel Harrison states he is the co-founder Blockchain.com’s eponymous venture arm, which already counts the likes of decentralized marketplace startup Origin Protocol and exchange operator Coindirect as portfolio companies.

VIP Treatment for Everybody!

Another exclusive promotion at mBitcasino aims to offer all players a chance of experiencing the VIP treatment. Regular players and high-rollers are already accustomed to mBitcasino’s stellar VIP program, but the casino wants to give newcomers and low-rollers a chance as well, and it does this through a new promotion type - VIP Points promo.

The way this works is simple: normally, players earn VIP points by simply playing at mBitcasino, but during the VIP Points promotions, VIP points are offered on top of the deposits as well, at outstanding rates - players can get up to 5 VIP points for every deposit they make during a promotional day.

One single deposit coming with 5 VIP points on top will boost a new player to Planet Litecoin, which comes with 50 No Free Spins on the spot, a 25% Reload on the spot, and a 2.5% daily cashback. Scoring 10 VIP Points will boost a player to Planet Ethereum, which brings 100 No Deposit Free Spins, 30% instant reload and 5% daily cashback. The more points, the higher the VIP level, and the better the bonuses.

Linda Murphy, VIP manager at mBitcasino was excited to share the news: “Running a stellar VIP program has always been one of the main missions of mBitcasino, and we have tons of happy VIP players and countless reviews on the Internet acting as proof that we’re doing it right. Now, we want to make it easier to achieve VIP status, and allow more players to benefit from the outstanding offers this status comes from, so we’re excited to introduce VIP Promotions. You can become a VIP with just one deposit - how amazing is that?”