As part of collective responsibility, cryptocurrency exchanges should take up the mantle of enhancing financial knowledge about digital assets so that investors are aware of downside factors, says Top...
Tag: news
Celsius Repays Compound Finance $10m Worth of DAI
Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI stablecoin, according to a report from Crypto Briefing. The payment is likely...
South Korea’s Crypto Tax Delayed Until Jan 2025
Crypto tax on digital assets in South Korea will be delayed by another two years, according to an announcement from the Ministry of Economy and Finance tax policy chief Ko Kwang-hyo. Originally the 20...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June...
BlackSeaChain 2022 – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Two-day Blockchain conference dedicated to the trends in blockchain development and its impact on digital transformation BlackSeaChain 2022 is a conference that connects the leading blockchain compani...
Bybit Announces Launch of Grid Trading Bot
Crypto exchange platform Bybit has announced the launch of its grid trading bot. The company announced that the new grid trading features went live for all registered users from June 20. It further ad...
ProShares To Debut First US ETF Betting on Bitcoin Plunge
ProShares, an issuer of exchange-traded funds, including inverse exchange-traded funds, and similar products, announced on Monday that it plans to launch the first short Bitcoin exchange-traded fund (...
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off...
CryptoPunks Now the Most Trading NFT Collection amid Rising Floor Price
The temporary revival in the broader cryptocurrency industry, which has seen the combined crypto market capitalization surge by 4.47% to $907.97 billion at the time of writing, is also impacting the N...
Winners, News And Notes On June 20, 2022
Elias made his return to WWE Raw. Credit: WWE.com WWE Raw featured a live appearance from Vince McMahon for the second time in three days after his brief appearance to kick off WWE SmackDown. Similar ...
WeChat to Ban Crypto and NFT-Linked Accounts, following Updated Terms of Use
China’s WeChat, the Tencent-backed social messaging platform, has announced its plans in an indirect manner to crack down on accounts on the platform that are linked to digital currencies and Non-Fung...
Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’ – Economics Bitcoin News
Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hik...
Bybit Becomes the Latest Exchange to Retrench its Staff
Bybit trading platform has joined the list of cryptocurrency exchanges that have revealed plans to lay off their staff in a bid to reposition their businesses amid the ongoing crypto market slump. T...
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
Astaria, an NFT lending platform unlocking instant liquidity, announced on Tuesday that it has raised $8 million in a seed round from major venture capital and angel investors. Astaria disclosed it i...
President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin News
President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, B...
SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department...
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down – Economics Bitcoin News
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speak...
‘Bitcoin Is Dead’ Google Searches Skyrocket, Bitcoin Obituaries Records 15 Deaths This Year – Bitcoin News
According to the Bitcoin Obituaries list, bitcoin has died 15 times in 2022, and the last obituary written about bitcoin’s death was on June 18, in a recent statement that said: “Bitcoin Will Not Reco...
MKR up 20% to Start the Week, Whilst AVAX Rebound Continues – Market Updates Bitcoin News
MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the...
Has Crude Oil Made an Interim High?
Everyone is watching the price of crude oil. Everyone is sensitive to the latest price at the pump. Housewives, truckers, CEOs and even me. Everyone. This issue is a global phenomenon and if crude oil...
Digital Collectible Downturn — NFT Sales Slid More Than 74% Lower Than the Month Prior – Markets and Prices Bitcoin News
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% l...
The Largest Investors’ Realized Loss in Bitcoin History Just Happened, But There’s Good News
The bloodbath that brought BTC down from $21,000 to below $18,000 during the weekend has resulted in the largest USD-denominated realized loss for bitcoin investors. Interestingly, long-term holders w...
BTC Back Above $20,000 as Cryptos Rebound – Market Updates Bitcoin News
Following a weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level. Cryptocurrencies were mainly in the green to start the week, as bulls seemingly bought the wee...
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin – Economics Bitcoin News
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the departmen...
Bitflex Commences BETA Testing With Zero-Trading Fees – Press release Bitcoin News
press release PRESS RELEASE. Seychelles, June 20, 2022 – Bitflex Inc. (the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced that the Company will commen...
Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE – Bitcoin News
Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Auth...
Need More Time to Resume Operations: Celsius Network
Crypto lender Celsius Network said Monday that it needs more time to resume its operation by stabilizing its liquidity and further pausing activities on Twitter. The company’s announcement came ...
Noah Davis Quits Christie’s To Join Rival NFT Marketplace Yuga Labs
Noah Davis, the AVP Specialist and Head of Digital Sales, Contemporary Art at UK auction firm Christie’s International PLC, has quit the British auction house three months after Yuga Labs bought...