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Cryptocurrency News

Location American Cryptocurrency News for 19 June 2022
Defi Protocol Abracadabra's Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abraca...
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Mad Money's Jim Cramer Expects Bitcoin to Fall to $12,000 The host of Mad Money, Jim Cramer, has predicted that bitcoin’s price will fall to $12,000. Nonetheless, he has recommended bitcoin and ether for people wanting to invest in crypto. Jim Cramer’s Bitcoin Price Predict...
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How Tokenomics Might Change in the Wake of the Terra Collapse It seems that tokenomics is in crisis. Where before a superficially deflationary monetary system was enough to draw in investors, the Terra collapse and the ongoing downturn have likely had an irreversible impact on the ...
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Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV Bitcoin is flashing some early signs of a relief rally, and SOL, LTC, LINK and BSV could follow if bulls reclaim $20,000 as a support level for BTC.
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From games to piggy banks: Educating the Bitcoin 'minors' of the future The tools, toys and games available to teach kids about sound money and the Bitcoin network -- after all, they're the ones who will use it.
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Binance Suspends Direct Deposits and Withdrawals in Brazil Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country...
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Cumberland Sees Massive OTC Moves During Crypto Market Rout -- 'Most Volume We've Seen This Year' During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explai...
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Sberbank to Conduct First Digital Asset Transaction on Own Platform Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes after earlier this ye...
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Bitcoin heads for dismal weekly close as BTC price rejects at $20K It feels like 2018 all over again as Bitcoin's old multi-year resistance level comes back with a vengeance.
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$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs -- Bitcoin.com News Week in Review It’s been a week of polarizing opinion in crypto news. Whether it’s cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the recession dee...
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El Salvador president addresses bear market concerns with Bitcoin hopium As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market.
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Namibian Educator: Low Level of Crypto and Blockchain Adoption in Africa Compelled Me to Write a Book Blockchain and crypto enthusiasts have for years preached about the much envisioned mass adoption of this fintech and why this is an important goal that must be achieved sooner than later. However, many factors like igno...
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What's a Bear Market?

Crypto News - 19 Jun 2022 12:00
What's a Bear Market? Vidhura S Tennekoon, Assistant Professor of Economics, IUPUI._____ A 16th-century proverb advises: "It's unwise to sell a bear's skin before catching it." ...
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Ukraine Joins European Blockchain Partnership as Observer Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Officials in Kyiv hope the move will facilitate the implementation of blockchain technologies by the Ukrainian government and lead to...
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Bank of Jamaica Governor: Cryptocurrency 'Not Sufficiently Stable to Be a Good Means of Payment' The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they c...
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Elon Musk Hints Twitter Will Integrate Crypto Payments if His Takeover Bid Is Successful Tesla CEO Elon Musk has suggested integrating crypto payments into Twitter. “My goal would be to maximize the usefulness of the service,” he told Twitter’s employees in his first all-hands meeting with them. Twitte...
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What is a bear trap in trading and how to avoid it?

Coin Telegraph - 19 Jun 2022 01:00
What is a bear trap in trading and how to avoid it? Intended to convince market participants of a price correction, bear traps are orchestrated by entities with large holdings to make quick profits.
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