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Cryptocurrency News

Location American Cryptocurrency News for 22 June 2022
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will 'Respond Forcefully' to High Inflation Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expecta...
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Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become 'Cryptoasset Hub' The stablecoin issuer Tether, known as the company behind the world's largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound. The pound-pegged coin is called GBP₮ (GB...
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Biggest Movers: UNI Moves Into Top 20, as SHIB Hits Highest Point Since May Uniswap moved into the crypto top 20 on Wednesday, relegating MATIC, after surging by over 10% today. UNI has now gained for four straight sessions, as it approaches a key resistance point. SHIB was once again higher tod...
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Bitcoin price rises to $20.7K as Fed's Powell says more rate hikes 'appropriate' Testimony from the Fed Chair provides no surprises while risk assets meander on the Wall Street open.
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Big Tech Joins Hands to 'Foster' the Creation of Metaverse Standards Meta, Microsoft, Nvidia, Sony, as well as 33 other tech giants racing to build the metaverse have formed a group to create the infrastructure for an interoperable metaverse. Dubbed The Metaverse Standards Forum, the new ...
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Binance-owned Trust Wallet adds buy option via Binance Connect Binance's self-custodial crypto wallet Trust Wallet aims to enable the purchase of more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity.
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Bitcoin & Crypto Move Lower Again as Analysts Search for Answers, Point to Risks to Economy The crypto market reversed lower again on Wednesday, after some optimism earlier in the week that the bottom could be behind us. According to analysts, the outlook for crypto is now highly uncertain, with some warning th...
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Plan B's Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be 'Harmful' For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2...
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Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump Digital yuan usage has grown x18 in the past 12 months in China - as the central bank-issued token continues to find new users. According to the central People's Bank of China, transaction volumes reached the USD 13 bill...
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Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According t...
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Nexo Eyes Potential M&A Targets as Crypto Market in 'State of Fear' As the crypto market has entered "a state of fear," and "nobody can say" whether the bottom is already behind us, major crypto lender Nexo (NEXO) is eyeing possibilities to acquire troubled companies, according to its co...
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Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB BTC and select altcoins attempted a reversal, but are facing heavy selling at higher levels, which is proof that bears remain in control of the wider market.
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Voyager enters into $500M loan agreement with Alameda amid 3AC exposure Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC.
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dYdX moves to Cosmos-based blockchain for v4 to optimize decentralization and trading flow The protocol chose Cosmos as the best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second.
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Friday's $2.25B Bitcoin options expiry might prove that $17.6K wasn't BTC's bottom Bulls bet on BTC prices above $60,000 for the June monthly options expiry, and now pro investors are going to pay a hefty price for being wrong.
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Meta Developing Metaverse Wallet as Social Media Giant Doubles Down on NFTs Social media giant Meta is working on a wallet for the metaverse as the company is expanding its NFTs test and launching new features for creators on Facebook and Instagram....
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Bitcoin․com Exchange Market Insights Report for June 2022 This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Cry...
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BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + 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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Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypt...
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Bitcoin, Ethereum Technical Analysis: ETH Down, as Two-Day Winning Streak Ends on Hump Day Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark. B...
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Bitcoin and Ethereum Struggle to Recover Further, Altcoins Dip Bitcoin price failed to stay above the USD 21,200 resistance zone and corrected below the USD 20,500 level. It is currently (12:48 PM UTC) trading near USD 20,200 and is down 4% in a day and almost 8% in a week. Similarl...
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New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing ...
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