With speculations high that the Federal Reserve (Fed) will increase the interest rate by 75 basis points (bps) on June 15 to tame inflation, this might dent Bitcoin’s bullish outlook as the leading cr...
Tag: news
South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse – Exchanges Bitcoin News
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to...
Bitcoin Enters the Deepest Phase of the Current Bear Cycle as Price Slips to an 18-Month Low
After briefly slipping to the $21K zone, Bitcoin (BTC) continues to trade at levels last seen in December 2020. The leading cryptocurrency was down by 9.94% in the last 24 hours to hit $22,668 during ...
Ready to Win $100K in Bitcoin? – Sponsored Bitcoin News
sponsored Do you want to win $100,000 in BTC? Yes, that’s right – Dohrnii DAO has recently announced a major crypto giveaway! In celebration of the DHN token launch, and the promise to give back to th...
PANGU Announces ‘PANGU ECOLAND’ NFT drop from June 14
Hong Kong-based Metaverse startup agency PANGU by Kenal (PANGU) announced that it will be launching the ‘PANGU ECOLAND’ NFT drop from June 14 at 11 pm local time. The announcement added th...
Following Market Crash, BoE Governor Says Crypto Has No Intrinsic Value
While traditional financial institutions gradually embrace Bitcoin, a longtime crypto sceptic, Bank of England Governor Andrew Bailey, has once again reasserted his stance recently, stating that the a...
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action – Bitcoin News
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have rep...
Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites
Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions. Crypto.com said that it...
BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin
Crypto exchange BTSE has become the first crypto exchange to offer perpetual futures trading for the world’s newest stablecoin, US Decentralized (USDD). According to a press release, BTSE’s offe...
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin News
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to ...
Binance.US Sued for Selling Unregistered LUNA Securities
Binance.US has been sued in a class-action lawsuit for selling unregistered security tokens from the Terra blockchain protocol. The class-action lawsuit was filed in the Northern District of Californi...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to incr...
Goldman Sachs Launches First Ethereum-Linked Derivatives Product
American investment banking and financial institution giant, Goldman Sachs Group Inc has started trading a type of Ethereum-linked derivatives, as it seeks to expand its reach in the crypto markets be...
Crypto Bloodbath Spills to DeFi as TVL Nosedives
When the digital currency ecosystem records as much as a plunge below $1 trillion in combined market capitalization, the Decentralized Finance (DeFi) ecosystem can certainly not be spared. While Bitco...
Bitcoin Price Drops Below $22K ! Huge Liquidation Around the Corner – Coinpedia – Fintech & Cryptocurreny News Media
After weeks of uncertainty about the long-term viability of the DeFi lending platform’s outsized returns, the Celsius network banned withdrawals, swaps, and transfers, causing a global cryptocurrency ...
Here’s the Bad News for Bitcoin: Capitulation Is Not Here Yet (Analysis)
Despite Bitcoin’s massive drawdown over the weekend, one analyst believes that the bottom isn’t in yet. Chartoday – an educational resource for technical analysis – claims that most “bearish targets” ...
Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End – Markets and Prices Bitcoin News
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of thi...
Crypto Market Crash Heavily – Institutional Investors Sold $102 Million Crypto Holdings – Coinpedia – Fintech & Cryptocurreny News Media
Bitcoin fell 14 percent on Monday when Celsius Network, a major US cryptocurrency lending provider, halted withdrawals and transfers due to “extreme” conditions. The action by Celsius caused a sell-of...
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’ – Markets and Prices Bitcoin News
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on H...
Chainlink: Despite good news all around, why is LINK having such a tough time
From a developmental point of view, this past week was a great week for the Chainlink Blockchain. On 7 June, the Network published a roadmap and initial implementation of staking within the Chainlink ...
Legend Animator from Japan to Launch Identity Defining NFT Brand “BOSO Tokyo” – Press release Bitcoin News
press release PRESS RELEASE. BOSO TOKYO announce the launch of NFT project “BOSO TOKYO” , an identity defining brand in the Metaverse To commemorate its launch, BOSO TOKYO has launched a giveaway camp...
Is Binance US Involved in Terra Collapse? Know The Complete Truth – Coinpedia – Fintech & Cryptocurreny News Media
The fall of Terra, which went from being the world’s third largest stablecoin to being valued at less than a $1, has been the most talked-about topic. Since hitting an all-time high in November, the v...
Crypto Lending Company Blockfi Cuts Staff by 20% – Bitcoin News
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The m...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin News
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped signifi...
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’ – Bitcoin News
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by th...
The Rise of Blockchain in Formula 1 – Press release Bitcoin News
press release PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the ...
DOGE, SOL Hit 1-Year Lows as Cryptos Crash – Market Updates Bitcoin News
DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level since April 2021, whilst SOL was also trading close to a one-year...
Why the Market Slump is Good News
These are the kind of days Warren Buffett lives for. U.S. stocks are plunging to fresh lows for the year as a bear-market rally from their previous lows in late May gets wiped away. Persistent high i...