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Cryptocurrency News

Location American Cryptocurrency News for 3 July 2022
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaver...
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Tax Agency Starts Checking Crypto Traders in Romania Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statemen...
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Crypto's ongoing crisis is an opportunity for realignment The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both.
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Kuwait-Based Islamic Bank Enters the Metaverse

Bitcoin.com - 3 Jul 2022 12:30
Kuwait-Based Islamic Bank Enters the Metaverse Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and ...
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The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks Gigi is a Bitcoin educator, author of '21 Lessons', and software engineer. __________ It can't be said often enough: Bitcoin is confusing. However, it's not complicated like a Rube Goldberg machine is complicated. It's j...
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Report: Huobi to Start Layoffs That Could 'Exceed 30%' -- Founder May Sell Stake in Company According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter...
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Ethereum average gas fee falls down to $1.57, the lowest since 2020 For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.
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Coinbase Responds to Reports of Selling Customer 'Geo Tracking' Data to US Government The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the ...
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Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE Traders are taking a hands-off approach to Bitcoin and altcoins until BTC successfully flips the $20,000 level back to support.
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Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. C...
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Blockfi CEO Says FTX Has an 'Option to Acquire' Crypto Lender at a Price of up to $240M According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but...
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Bitcoin addresses in loss hit all-time high amid $18K BTC price target More entities than ever are underwater at current prices, but there is little consensus over conditions improving yet.
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Bitcoin's inverse correlation with US dollar hits 17-month highs -- what's next for BTC? Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin.
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What is a bull trap, and how to identify it?

Coin Telegraph - 3 Jul 2022 16:00
What is a bull trap, and how to identify it? Newbie crypto traders should be wary of bull traps. If you suspect one is on the way, here are some tips to identify it.
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Israel's regulator teases comprehensive crypto framework at ICC This year's annual Israel Crypto Conference was focused on regulation and CBDCs: The regulated status of cryptocurrencies would open many doors of possibilities.
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Ethereum Transfer Costs Continue to Slide -- Network Fees Tap a 19-Month Low On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per...
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Web5 vs. Web3: The future is a process, not a destination What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web.
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Crema Finance shuts liquidity protocol on Solana amid hack investigation While awaiting Crema Finance's report on the situation, the Crypto Twitter community took it to themselves to track down the hacker's wallet and better understand the problem.
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