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Cryptocurrency News

Location American Cryptocurrency News for 21 June 2022
SEC Chair Warns of 'Too Good to Be True' Crypto Products -- US Treasury Calls for Urgent Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the r...
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Celsius token CEL rises 300% in one week amid a GameStop-like 'short squeeze' event The crypto lending platform's Insolvency risks puts CEL price at risk of a 70% drop.
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President Biden Insists US Recession Is Not Inevitable -- Treasury Secretary Yellen Concurs President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that t...
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South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court, which overturned two previous rulings in doing so....
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Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new compan...
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Avalanche (AVAX) price drops 45% in a month and data points to further downside AVAX is testing support at $14.80 and the network's DApp use is underperforming its competitors, suggesting that the easiest path forward is down.
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Colombia's new president seems to be a fan of Bitcoin

Coin Telegraph - 21 Jun 2022 23:00
Colombia's new president seems to be a fan of Bitcoin "Virtual currency is pure information and therefore energy," said Gustavo Petro in 2021, in regard to mining crypto in Colombia.
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Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to 'Overly Catastrophize' It Ethereum (ETH) co-founder Vitalik Buterin has said he is "definitely" worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) ...
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Is there a way for the crypto sector to avoid Bitcoin's halving-related bear markets? BTC's high volatility and halving-related bear markets tend to drag down investment and interest in the entire crypto market. Can this be avoided?
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Russian Ruble Taps 7-Year High Against the US Dollar -- Economist Says 'Don't Ignore the Exchange Rate' Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russi...
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Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts "Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment," said chief financial officeJeff Lucas.
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Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious The Bitcoin (BTC) stock-to-flow (S2F) model created by the pseudonymous analyst PlanB is once again facing scrutiny in the crypto community, after failing completely in its price prediction so far this year....
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Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price SHIB was trading almost 15% higher during today’s session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12. Sh...
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Elon Musk's Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano's Upgrade + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. __________...
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Cointelegraph Store introduces Summer of Crypto merch collection Celebrating the arrival of summer, Cointelegraph has launched a new collection of crypto-inspired summer wear to keep things cool.
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SNX Rises as Synthetix Sees Surge in Trading Volume

Crypto News - 21 Jun 2022 16:22
SNX Rises as Synthetix Sees Surge in Trading Volume The decentralized finance (DeFi) protocol Synthetix (SNX) has seen a massive surge in trading volume on its platform in June, leading its native token SNX to rise in the market....
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Bitcoin price taps 5-day highs as Shiba Inu leads altcoin gains Crypto markets make the most of respite after BTC price action bounces from its lowest since November 2020.
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Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value ...
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Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin Deloitte wants to enable blockchain and digital asset-based services across many areas involving Bitcoin products like banking, rewards programs and others.
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BlockFi Secures USD 250M Credit Line from Bankman-Fried's FTX Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet. The revolving credit facility, which is a type of credit, "are intended to be contractually su...
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Bitcoin, Ethereum Technical Analysis: ETH, BTC Climb for Back-to-Back Sessions for First Time in Nearly 2 Weeks Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the ...
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Bitcoin Tests USD 21K, Ethereum Still Above USD 1.1K, WAVES and ZIL Accelerate Bitcoin price moved higher above the USD 20,500 resistance zone and climbed above the USD 21,200 level before correcting lower. It is currently (11:51 UTC) trading near USD 21,060 and is up 1% in a day and down 6% in a w...
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