Market Wrap: Bitcoin Heads for Worst Week in Year

Posted: 17 Jun 2022 01:17 PM PDT

The latest crypto news and headlines for Friday, June 17.

FBI Says LinkedIn Is Being Used for Crypto Scams: Report

Posted: 17 Jun 2022 12:57 PM PDT

FBI is working with LinkedIn to tackle what it called a "significant threat" after fraudsters exploited the job-seeking and networking platform to lure investors into cryptocurrency schemes before robbing them of their investments, according to a CNBC report.

ADAM CEO Michelle Bond Announces Bid for US Congress

Posted: 17 Jun 2022 10:49 AM PDT

Michelle Bond, who describes herself as an "America First conservative," is running as a Republican in New York's first congressional district.

Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto

Posted: 17 Jun 2022 10:23 AM PDT

The Board of Governors of the Federal Reserve have noted the risks of stablecoins by referring to the recent dramatic market crash in the monetary policy report submitted to the Senate and the House.

Alchemy lanza programa de becas por $25 millones para startups y desarrolladores de Web 3

Posted: 17 Jun 2022 10:17 AM PDT

Alchemy considera que la caída del mercado cripto es una buena oportunidad para apoyar a los nuevos desarrolladores que entran en el espacio.

NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Posted: 17 Jun 2022 10:09 AM PDT

Immutable Ventures will work with groups including Animoca and GameStop.

Former SEC Chair Jay Clayton Talks Rapidly Evolving Crypto Regulation Landscape

Posted: 17 Jun 2022 09:58 AM PDT

The former securities regulator joined Grayscale CLO Craig Salm to take a look back at his time heading the SEC, and a look forward at where regulation is headed in the future

Bitfarms Looks to Boost Liquidity With Sale of 1,500 Bitcoin, New Loan

Posted: 17 Jun 2022 09:50 AM PDT

The miner partially paid down a credit line from Galaxy Digital while inking new equipment financing from NYDIG.

Presidente de Panamá veta parcialmente proyecto de ley que regula uso de criptomonedas

Posted: 17 Jun 2022 09:32 AM PDT

Laurentino Cortizo argumentó que es necesario que la propuesta cumpla con las recomendaciones del Grupo de Acción Financiera Internacional.

FUD or Facts? Terra, Celsius Show Value of Asking Questions

Posted: 17 Jun 2022 09:22 AM PDT

Kicking the tires on crypto projects and holding people accountable for flaws within them is how the industry will improve and grow.

Panamanian President Partially Vetoes Crypto Regulation Legislation

Posted: 17 Jun 2022 09:21 AM PDT

Laurentino Cortizo argued that it's necessary for the bill to comply with the recommendations of the Financial Action Task Force.

Genesis Trading Mitigated Losses With a 'Large Counterparty,' CEO Says

Posted: 17 Jun 2022 09:18 AM PDT

Genesis' update comes after crypto fund Three Arrows Capital confirmed heavy losses during the market rout.

Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

Posted: 17 Jun 2022 09:05 AM PDT

The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.

Lido Finance Warns Leverage Is a ‘Hell of a Drug’

Posted: 17 Jun 2022 07:38 AM PDT

After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn't.

Three Arrows Capital Confirms Heavy Losses From LUNA's Collapse, Exploring Potential Options: Report

Posted: 17 Jun 2022 06:46 AM PDT

Terra's implosion in mid-May and falling bitcoin prices affected the fund's portfolio, its founders confirmed.

FTX Agrees to Acquire Canadian Trading Platform Bitvo as It Eyes Regional Expansion

Posted: 17 Jun 2022 06:09 AM PDT

FTX's decision to acquire Bitvo comes after rival exchange Binance pulled out of Ontario amid regulatory pressure last year.

Bitcoin Recovers Over $21K as Fed Commits to Slow Inflation; Traders Remain Cautious

Posted: 17 Jun 2022 05:37 AM PDT

Fed Chair Jerome Powell said the agency remained committed to bringing down inflation and hiked interest rates by 75 basis points this week.

Huobi Expands Exchange Operations to New Zealand

Posted: 17 Jun 2022 05:35 AM PDT

The move into New Zealand marks the latest step in the exchange's growth efforts.

Alchemy Launches $25M Developer Grant Program to Fund Web3 Projects

Posted: 17 Jun 2022 05:00 AM PDT

Alchemy sees the crypto downturn as a good opportunity to support new developers entering the space.

DeFiance, Avalanche, dYdX Distance Themselves From Three Arrows Capital Drama

Posted: 17 Jun 2022 04:47 AM PDT

The firms said operations will continue as usual as the crypto community assesses contagion risks related to Three Arrows Capital.

Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity Pressures'

Posted: 17 Jun 2022 04:13 AM PDT

Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital.

Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers

Posted: 16 Jun 2022 07:27 PM PDT

A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their "stETH" tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius.

First Mover Asia: When Crypto Rebuilds After This Cold Winter, Firms Like Three Arrows Capital Won't Have a Place; Bitcoin Sinks Toward $20K

Posted: 16 Jun 2022 05:06 PM PDT

The crypto hedge fund, which has been one of the industry's most prolific investors in new protocols and is also a large borrower, is facing $400 million in liquidations on its positions; ether drops toward $1,000.

Bitso procesó $1000 millones en remesas cripto entre EE. UU. y México en el primer semestre de 2022

Posted: 16 Jun 2022 02:40 PM PDT

El exchange planea captar el 10% del mercado de transferencias internacionales enviadas al país latinoamericano para 2023.

CFTC Commissioner: I Like Being an Underdog Versus the SEC

Posted: 16 Jun 2022 02:23 PM PDT

Kristin Johnson also suggested her agency might be able to be more responsive than the SEC since it's smaller.

Market Wrap: Bottom Has Not Been Reached for Crypto, but Capitulation Is Needed

Posted: 16 Jun 2022 01:59 PM PDT

MarketWrap Thursday, June 16th

Secretaria del Tesoro de EE. UU. se reúne con líderes de bancos para hablar sobre cripto

Posted: 16 Jun 2022 01:35 PM PDT

Mientras que la secretaria Janet Yellen se prepara para reunirse con el CEO de los bancos de Wall Street, un oficial del Departamento del Tesoro dijo que el colapso del mercado cripto muestra la necesidad de regulaciones.

From Mixtapes to NFTs: French Montana on Music and Crypto

Posted: 16 Jun 2022 01:26 PM PDT

"Only the strong survive at this point," three-time Grammy-nominated rapper French Montana said about the future of NFTs on CoinDesk TV's "First Mover" program.

BlockFi Liquidated Three Arrows Capital: Report

Posted: 16 Jun 2022 01:06 PM PDT

CEO Zac Prince tweeted that the crypto lender "exercised our best business judgment."

Bitso Processed $1B in Crypto Remittances Between Mexico and the US so far in 2022

Posted: 16 Jun 2022 12:27 PM PDT

The company hopes to capture 10% of global money transfers to the Latin American country by 2023.

Musk Sees Logic for Twitter as a Crypto Payments Platform

Posted: 16 Jun 2022 11:43 AM PDT

Elon Musk spoke during Twitter's virtual all-hands meeting Thursday.

How Crypto Lender Celsius Overheated

Posted: 16 Jun 2022 11:09 AM PDT

Celsius rapidly became more brazen in its attempts to generate yields, using decentralized lending protocols and aggregators to juggle around client funds for the best return.

Texas, Other States Open Investigation Into Celsius Network Following Account Freeze

Posted: 16 Jun 2022 11:00 AM PDT

Several U.S. states including Texas and Alabama are investigating Celsius Network's decision to halt customer withdrawals.

The Case for Technological Neutrality in Web3

Posted: 16 Jun 2022 10:06 AM PDT

Protecting consumers and businesses from fraud is what matters, not vague value judgments of an emerging technology.

US Treasury Secretary Talks Crypto With Bank Chiefs

Posted: 16 Jun 2022 09:22 AM PDT

U.S. Treasury Secretary Janet Yellen is meeting with the CEOs of Wall Street banks Thursday to discuss the global economy and U.S. inflation, while also raising "the need for responsible innovation in digital assets," according to the Treasury Department.

Major Banks Urge Caution With European Union's CBDC Plans

Posted: 16 Jun 2022 09:04 AM PDT

The European Commission should stop focusing on technical details and think about whether to issue a digital euro at all, the Institute of International Finance said.

Finblox Imposes $1.5K Monthly Withdrawal Limit Amid Three Arrows Capital Uncertainty

Posted: 16 Jun 2022 08:22 AM PDT

Hong Kong-based interest-earning crypto staking platform Finblox imposed a $1,500 daily limit on withdrawals as speculation mounts around Three Arrows Capital.

Russia's Gazpromneft and BitRiver Partner to Develop Crypto Mining Operations

Posted: 16 Jun 2022 07:50 AM PDT

The natural gas giant will provide energy to crypto mines set up by BitRiver.

Tokens de dogecoin y solana lideran las ganancias entre las principales criptomonedas

Posted: 16 Jun 2022 07:22 AM PDT

La capitalización del mercado ha crecido aproximadamente 4,5% en las últimas 24 horas luego de la caída al inicio de la semana.

Animoca Brands Acquires Most of Educational Tech Company TinyTap for $38.9M

Posted: 16 Jun 2022 07:13 AM PDT

Gaming investment company Animoca Brands has acquired more than 80% of Tel Aviv-based TinyTap in a deal worth $38.9 million.

Espresso Systems Launches Testnet of CAPE Privacy Product

Posted: 16 Jun 2022 06:30 AM PDT

The Configurable Asset Privacy on Ethereum smart contract application launches three months after a $32 million funding round.

USDC Issuer Circle to Introduce Euro-Backed Stablecoin in US

Posted: 16 Jun 2022 06:00 AM PDT

The Euro Coin will be backed by euro-denominated reserves held by U.S. regulated financial institutions.

CleanSpark Takes Advantage of Bear Market to Acquire Mining Rig Contracts

Posted: 16 Jun 2022 06:00 AM PDT

The miner also partnered with TMGcore to expand its immersion-cooled bitcoin mining infrastructure.

Sell the Ethereum Merge

Posted: 16 Jun 2022 05:50 AM PDT

The Ethereum Merge has been planned for years, but that doesn't mean it will be good for the price of ETH.

DeFi Protocol Inverse Finance Exploited for $1.2M

Posted: 16 Jun 2022 04:57 AM PDT

Attackers appear to have used a flash loan attack to drain Inverse Finance of bitcoin and tether.

Dogecoin, Solana Tokens Lead Gains Among Major Cryptocurrencies

Posted: 16 Jun 2022 03:45 AM PDT

Crypto market capitalization increased some 4.5% in the past 24 hours after sliding under $1 trillion earlier this week.

Tron's TRX Bumps 27% as DAO Deploys $220M for Token Purchase

Posted: 16 Jun 2022 03:03 AM PDT

Founder Justin Sun has injected over $2 billion this week to support the Tron market.

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