5 Next Cryptocurrency to Explode – June 2022 Week 1
The cryptocurrency market continues to teeter around the same level. At $945 billion, its total cap is down slightly — by 0.7% — in the past 24 hours. It has…
Bitstamp All Set To Charge Inactive Accounts A €10 Fee
Crypto exchange Bitstamp has announced a new rule which states that it will start levying a €10 fee on some inactive accounts. The new rule will not be applicable to…
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points…
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was…
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of…
Hackers spread PennyWise crypto malware through YouTube
Hackers are using YouTube to spread a new type of crypto-malware. This malware duped users into downloading software that steals data from cryptocurrency wallets and crypto browser extensions. PennyWise crypto…
Federal Reserve discusses CBDCs, stablecoins, and crypto
The United States Federal Reserve has published a note related to a recent conference, saying that most experts believed that a US central bank digital currency (CBDC) would have zero…
Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan
Voyager Digital has joined the growing list of CeFi firms hurting as a result of exposure to Three Arrows Capital and declining crypto asset prices. Days after pausing trading, withdrawals…
US expansion for Huobi a step closer after it secures a FinCEN license
It says users in the United States can expect digital asset services to come in the future. A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its…
Risk profile of crypto markets similar to oil and tech: Coinbase
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist.…
Fed conference hears stablecoins may boost USD as global reserve currency
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system. A note published…
The bottom is in: CNBC’s Jim Cramer says crypto has “no real value”
Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion as “there’s no real value there.” Given his…
PennyWise crypto-stealing malware spreads through YouTube
The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs. A new strain of…
MakerDAO voting on collaborating with a traditional bank
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week. MakerDAO is voting on a proposal…
Bitcoin Price Prediction for Today July 5: BTC Price Holds as It Struggles Below $21K
Bitcoin Risks Further Decline as It Struggles Below 21K – July 5, 2022 On July 5, Bitcoin’s (BTC) price rallied above the psychological price level as it struggles below $21K.…