The second quarter of 2022 saw the cryptocurrency market’s downward trend continue. Bitcoin’s price has decreased from over $69,000 in November 2021 to about $19,000 as a result of the ongoing crypto market crash. The cryptocurrency had a roughly 40% decline in June, according to Coin Metrics data, making it its lowest month since 2010....Read More
Mexican Senator, Indira Kempis, proposed a bill in the assemble to make Bitcoin legal tender in the country. The reason given by the senator is that it will bridge the gap between access to financial products and education for the Mexican citizens. Although Kempis had presented two proposals for law change in assembly in April...Read More
This year, June was simultaneously bullish and bearish as the Fed raised rates to combat rising prices and cryptocurrencies dropped. Additionally, according to industry experts, cryptocurrencies have shown impressive ties to stocks, frequently moving in tandem during trade, imitating Bitcoin, which is expected to keep expanding through the rest of 2022 and beyond. Amidst the...Read More
The LUNC price’s strong upswing that is maintained throughout the week was recently challenged by the shaky Bitcoin price actions. However, the asset has managed to resume the uptrend despite the BTC price continuing to trade below $20,000. This displays the extreme strength of the coins and their tendency to reclaim the lost positions at...Read More
Bitcoin prices have been trading below $20,000 for the second day in a row and displaying huge possibilities of dropping hard. The current descending trend is expected to get accelerated soon which may drag the price much lower. However, amid the bearish trend, a minor possibility of a short-term bounce emerges, which may lay the...Read More
Colin Wu a chinese journalist, reported news about Li LIn, a founder of Huobi . He reported through his tweet that Li Lin was willing to sell his share at Huobi company. Huobi is among the top crypto industries in the world. The company has been doing good and its among the most used exchanges...Read More
The coming year will be critical for cryptocurrency, according to Charles Hoskinson, the developer of Cardano (ADA), as the government makes game-changing decisions for the sector. Hoskinson spoke to guests at the Cardano Community event how the cryptocurrency industry has substantially changed since the creation of Bitcoin (BTC). According to him, Bitcoin had no value...Read More
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The cryptocurrency market operator and financing company Genesis Trading is hit by serious liabilities in the “hundreds of millions.” The damages at Genesis are “only several hundred million dollars,” according to one of the persons, and these are related to connections to over-leveraged fund manager Three Arrows Capital and Hong Kong crypto financier Babel Finance....Read More
The Singapore Regulatory Authority namely, Monetary Authority of Singapore (MAS) on Thursday has reprimanded Three Arrow Capital (3AC) for providing false information and exceeding assets under management threshold, in a press release. The reprimand relates to transgressions committed by 3AC before notifying MAS in April 2022. The MAS has been looking into these violations since...Read More
Bitcoin has fallen roughly 70% from its spike of $68,000, and it may fall even more. Meanwhile, while many investors predict a Bitcoin bottom, others seem to have exited the market due to the fear of declining prices. Nevertheless, as per the data, the actual situation is not what it appears to be with the...Read More
Regardless of the fact that the entire cryptocurrency market is in the red zone today, the failing USTC stablecoin (UST Classic) from the controversial Terra program is up 90%. USTC lost its peg to the US dollar in the month of May and went beneath the level of one dollar. However, through its quick development,...Read More
It’s been a while since the crypto market has seen some good rays of positive market trends. The cryptocurrency market has been hit with volatility since the month of April. Amidst this instability, the world’s largest cryptocurrency by market cap is hovering between the $20,000 and $21,000 range. The currency also dropped below $20,000 before...Read More
Bitcoin began the month of June slightly beyond the $31,600 mark. However, shortly after, BTC plummeted below the $30,000 mark, where it remained there for almost a week. As a result, traders are predicting how Bitcoin will trend in July. The loss beneath $29,000 on June 11 never recovered because Bitcoin fell steeply to a...Read More
Cardano‘s price is pretty down in the weekly chart for almost half a year being unimpacted by the bullish market trends. No doubt, ADA price did attempt to pull a massive leg up multiple times but eventually failed to hold above the gained levels. However, amidst the bearish cartel being outspread within the space, Cardano...Read More
Till today, 2022 has been an exceptionally difficult year for the financial market, with stocks, bonds, and virtual currencies all failing in the face of restrictive financial conditions. Inflation and restricting liquidity in the economy has put enormous strain on the excessively bought crypto industry. Almost all of the current suffering originates from overvalued funds,...Read More
Although a well-known analyst predicts trouble, crypto assets appeared to have steadied on Saturday morning as Bitcoin held over the $20,000 mark. Investors are being advised that Bitcoin is going to fall even further by the well-known crypto analyst who correctly forecast the present market difficulties. The trader claims that there is no evidence that...Read More
For the third straight day, all major cryptocurrencies, including Bitcoin, Ethereum, and Solana, extended their gains as the situation finally picked up pace. Although it has maintained slightly above $21,000 over the previous 24 hours, bitcoin has been quite stable and calm. The king coin has been overshadowed by altcoins, with ETH, SHIB, AVAX, and...Read More
Solana price gained a huge bullish momentum ever since the co-founder announced the plans of rolling out an SMS platform & Android phone. The price which had broken the falling wedge had broken out of the descending consolidation and rose high a week ago. However, the recent positive announcements did give the asset a larger...Read More
An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital,...Read More
It has become challenging for miners to expand their operations as the schedule of the Ethereum Merge has become uncertain in the near times. The difficulty bomb is a computer program in the Ethereum blockchain meant to raise the complexity of mining ETH regularly. Developers have repeatedly delayed it in the merging, causing many problems...Read More
Despite the recent volatility, according to Binance CEO Changpeng Zhao, the cryptocurrency market is still growing. He added that the Bitcoin record high might occur in the future. He did warn that some businesses established at the height of the market would have challenges in the future. In an interview with The Guardian, Zhao made...Read More
Cardano‘s price for a pretty long time is attempting to break above the $0.5 levels but failing profusely. Moreover, the depleted volume also raises concerns about the upcoming rally as the trade set-up may appear to be pretty bearish. But the ADA price is secretly signalling a huge bullish signal that may uplift its price...Read More
Bitcoin price currently appears to have gained huge strength as the bullish momentum has uplifted the price above the danger zone. After breaking the previous highs around $19,000, BTC price had marked new lows at $17,600. Here an extreme bullish price action gained more than 23% of the value to rise the price beyond $21K...Read More
Ethereum‘s price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in...Read More
The most valuable stablecoin, USDT, has been the target of a distributed denial of service (DDOS) attack. This is according to a tweet from Paolo Ardoino, Tether’s chief technical officer (CTO). The company has reportedly been assaulted before, according to the tweet from June 18. “They tried it once,” said Ardoino. According to the Tether...Read More
Most of the crypto observers predict Bitcoin (BTC) at its present level is the perfect ‘buy-the-dip’ option at a time. They feel this is when the crypto industry is struggling under strong pressure as several crypto companies face liquidation concerns. Bitcoin (BTC) price is presently hovering lower than the $20k mark, as the currency has...Read More
Bitcoin price continues to trade in red while trying hard not to fall below the $20,000 crucial support level. In the last 24 hours, the king coin is trading in the range of $20,400 and $21,240. The coin has lost more than 29 percent of its value in the last seven days. The top 10...Read More
As per today’s Wall Street Journal article, struggling cryptocurrency hedge firm Three Arrows Capital (3AC) is focusing on negotiating a bailout arrangement. The failure of Terra, one of the largest blockchain projects, which entirely collapsed in early May, had a significant impact on the cryptocurrency industry. Three Arrows Capital, Kyle Davis, speaks about the firm’s...Read More
Cryptocurrencies, which had surged on June 15 after US Federal Reserve Chair Jerome Powell sounded a firm inflationary stance, gave up their gains yesterday amid renewed market concerns about increasing prices, global turmoil, and a potential recession. Meanwhile, in an attempt to ease fears about spreading risks from the alleged problems at crypto hedge fund...Read More
