BTC price rejects at $23K as US dollar declines from fresh 20-year highs
The Fed rate hike does not offer much relief as a downtrend in stocks resumes, dragging Bitcoin with it. Bitcoin (BTC) ran out of steam near $23,000 on June 16…
Best DeFi Coins To Buy For High Returns June 2022
The selloff in crypto assets has affected the decentralised finance (DeFi) space. Volumes locked have dropped significantly over the past month, and DeFi coin prices have also seen sharp drops.…
Huobi Closes Thailand Branch After SEC Rescinds Crypto License
Summary: The regulator said Huobi failed to comply with personnel and system policies. Thailand’s SEC officially revoked the crypto license in May. Operations were originally suspended earlier in September 2021…
USDC Issuer Circle Announces Fully-Backed Stablecoin – EuroCoin
Summary: The token leverages a similar infrastructure with crypto second largest stablecoin USDC. EuroCoin is fully backed by Euro-denominated reserves and guarantees a 1-for-1 redemption mechanism according to Circle. Circle…
NFT Marketplace Opensea Migrates to Seaport Protocol, Transition to Cut Network Fees by 35%
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport…
Bank of America: Consumer Interest in Crypto Remains Strong
Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey,…
Bitcoin, Ethereum Technical Analysis: BTC Moves Away From $20,000 Following Historic Fed Rate Hike
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year…
Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased
Alejandro Zelaya, the treasury minister of El Salvador, called out the critics of the investments that his country, through the action of President Nayib Bukele, has made in bitcoin. Zelaya…
Banking uses 56 times more energy than Bitcoin: Valuechain report
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet. Fresh figures on Bitcoin’s (BTC)…
Bank of Russia backs cross-border crypto payments vs. domestic trade
Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. Russia’s central bank governor Elvira…
Circle launches euro-backed stablecoin EUROC
Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to…
Ethereum sell-off resumes with ETH price risking another 25% decline in June
Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally…
Celsius Liquidity Woes Make MakerDAO Disable a Direct Deposit Module
The MakerDAO community has voted to disable the Aave DAI Direct Deposit Module (D3M). Analysts are pointing to the fact that a lot of DAI lent on Aave was borrowed…
Ox (ZRX) Price Prediction: ZRX Is Beefing Up, Pushing to the North
Ox (ZRX) Price Prediction – June 16The present situation suggests the ZRX/USD market is beefing up, pushing to the north direction, after dropping to a lower-trading spot than the previous.…
Kazakhstan to let crypto exchanges open bank accounts
Exchange platforms will get an opportunity to operate legally in Astana international finance center in 2022. In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch a…