Cryptonews

Cryptonews


Celsius Reportedly Taking Advice from Citigroup, CEO Mashinsky Calls for ‘Patience’ and 'Support'

Posted: 16 Jun 2022 01:39 AM PDT

 
The ailing crypto lender Celsius Network (CEL) has reportedly hired the financial giant Citigroup to advise it on its options after Celsius suspended withdrawals, swaps, and between-account transfers earlier this week. Meanwhile, Celsius' under-fire CEO Alex Mashinsky has returned to Twitter.
Per the media outlet The Block, two unnamed "people familiar with the matter" claimed that Citigroup is now "helping Celsius assess its options."...
Read More: Celsius Reportedly Taking Advice from Citigroup, CEO Mashinsky Calls for 'Patience' and 'Support'

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MetaMask, Phantom, Brave, and XDefi Wallets Patch 'Demonic Critical Vulnerability' Before an Attack

Posted: 16 Jun 2022 12:50 AM PDT

 
A number of prominent browser extension wallets, including Ethereum (ETH) wallet MetaMask, Solana (SOL)'s Phantom, Brave, and cross-chain wallet extension XDefi, have patched a "critical vulnerability" that could have exposed sensitive login credentials if specific conditions were met.
The wallet providers claim the vulnerability has not been exploited by bad attackers, meaning no user funds were stolen using this vector of attack....
Read More: MetaMask, Phantom, Brave, and XDefi Wallets Patch 'Demonic Critical Vulnerability' Before an Attack

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Bitcoin and Ethereum Try to Recover, ADA, SOL, and DOGE Rally

Posted: 15 Jun 2022 09:15 PM PDT

 
Bitcoin price traded close to the USD 20,000 support zone before the bulls appeared. BTC formed a base and started a recovery wave above the USD 22,000 level. It is currently (04:02 UTC) consolidating near USD 22,300 and facing resistance near USD 23,000. BTC is up almost 4% in a day and down 26% in a week....
Read More: Bitcoin and Ethereum Try to Recover, ADA, SOL, and DOGE Rally

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Visa Rolls out Multiple ‘Bitcoin Cashback’ Cards with Partners in Brazil, Argentina

Posted: 15 Jun 2022 05:00 PM PDT

 
The payments giant Visa has launched its first crypto cards in the Latin America region – and will debut its new products in Brazil and Argentina via a number of new partner firms.
Per the media outlet Expansi├│n, Visa has "announced an alliance" with various fintech companies and IT startups in Brazil and Argentina that will let "users make transactions" with Visa cards – and receive crypto cashbacks every time they spend....
Read More: Visa Rolls out Multiple 'Bitcoin Cashback' Cards with Partners in Brazil, Argentina

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One in Seven Wealthy People Now Owns ‘Digital Assets’ – Survey

Posted: 15 Jun 2022 01:00 PM PDT

 
A new report has found that global high-rollers are spending more money than ever on crypto, which has become "an essential part" of rich individuals' investment portfolios.
The claim was made in a wealth management study from Capgemini, a Paris, France-based IT services and consulting company. The firm stated that the number of High Net Worth Individuals (HNWIs) grew by 7.8% in 2021, with 1.7 million individuals around the world joining the category. ...
Read More: One in Seven Wealthy People Now Owns 'Digital Assets' – Survey

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Fed Raises Rates by 75 Basis Points, Bitcoin and Ethereum Move Up

Posted: 15 Jun 2022 11:02 AM PDT

 
On Wednesday, the US Federal Reserve (Fed) raised rates by 75 basis points, in line with most analysts' forecasts. Cryptoassets mostly reacted by trading higher in the first hour after the news was announced. 
"[…] the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate," the statement from the Fed said....
Read More: Fed Raises Rates by 75 Basis Points, Bitcoin and Ethereum Move Up

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FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News

Posted: 15 Jun 2022 09:30 AM PDT

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
__________...
Read More: FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News

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OpenSea Claims Users Can Save 35% in Gas Cost Following Migration to Seaport

Posted: 15 Jun 2022 07:00 AM PDT

 
OpenSea, the world's largest non-fungible token (NFT) marketplace in terms of trading volume, has announced a major migration which they say will enable users to save "an estimated 35%" in gas fees going forward.
The marketplace is migrating to a new Web 3 marketplace protocol called Seaport, which is designed to enable users to trade digital assets "safely and efficiently," according to a recent announcement....
Read More: OpenSea Claims Users Can Save 35% in Gas Cost Following Migration to Seaport

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Kraken To Kick Off 'Global Hiring Push' Despite Bearish Market

Posted: 15 Jun 2022 05:31 AM PDT

 
While some major crypto industry players are reacting to the recent market downturn with layoffs and/or freezing their hiring plans, major crypto exchange Kraken is unveiling a global hiring push with hundreds of available jobs across the world - declaring that it's not planning to fire its employees.
The company said in a statement that,...
Read More: Kraken To Kick Off 'Global Hiring Push' Despite Bearish Market

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Bitcoin and Ethereum Play With Crucial Levels, Altcoins Trend Lower

Posted: 15 Jun 2022 05:04 AM PDT

 
Bitcoin price started a fresh decline, traded below the USD 21,200 support, and almost tested USD 20,000 before recovering. It is currently (11:44 UTC) trading near USD 21,150 and is down 3% in a day and 34% in a week.
Similarly, most major altcoins started a fresh decline. ETH is down 4% and there was a break below USD 1,080. XRP is consolidating near USD 0.30. ADA managed to stay above the USD 0.435 support zone.
Total market capitalization...
Read More: Bitcoin and Ethereum Play With Crucial Levels, Altcoins Trend Lower

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NFT Market Sees Mixed Results: Floor Prices Fall in 24H, Overall Sales Increase in a Week

Posted: 15 Jun 2022 04:30 AM PDT

 
The market for non-fungible tokens (NFTs) is seeing a very mixed picture amid the broader crypto market downturn - a small relief rally in the floor prices was recorded in the past day by a couple of major collections with others continue to decline, and the overall trading volume for the majority of these has risen over the past week....
Read More: NFT Market Sees Mixed Results: Floor Prices Fall in 24H, Overall Sales Increase in a Week

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US SEC Launches Probe into Insider Trading Safeguards of Crypto Exchanges - Report

Posted: 15 Jun 2022 03:44 AM PDT

 
The US Securities and Exchange Commission (SEC) has reportedly launched a string of inquiries into the activities of numerous crypto exchanges, striving to determine whether the businesses have adequate safeguards in place to prevent insider trading....
Read More: US SEC Launches Probe into Insider Trading Safeguards of Crypto Exchanges - Report

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After Terra and Celsius, Crypto Market Now Might Be Hit With Three Arrows

Posted: 15 Jun 2022 03:14 AM PDT

 
The major crypto hedge fund Three Arrows Capital (3AC) is rumored to be insolvent, with reports suggesting the firm has already faced massive liquidations and on-chain data indicating large sales of ethereum (ETH) staked on staking provider Lido in the past week....
Read More: After Terra and Celsius, Crypto Market Now Might Be Hit With Three Arrows

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Tether Condemns 3 'False Rumors’ About Its Exposure

Posted: 15 Jun 2022 02:53 AM PDT

 
Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls "false rumors" that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors. ...
Read More: Tether Condemns 3 'False Rumors' About Its Exposure

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Tron DAO Reserve to Deploy Another USDC 500M to Protect Stablecoin as Depeg Extends

Posted: 15 Jun 2022 02:09 AM PDT

 
The Tron DAO Reserve (TDR), the entity in charge of managing Tron-based stablecoins, aims to deploy another USD 500m worth of the stablecoin USD coin (USDC) to defend the peg of its algorithmic stablecoin USDD.
The move comes as USDD, despite being overcollateralized, has plunged to USD 0.96, further distancing from its intended peg of USD 1. At 8:24 UTC on Wednesday, the stablecoin has dropped by 2% over the past 24 hours and 3.8% over the past 7 days, according to CoinGecko....
Read More: Tron DAO Reserve to Deploy Another USDC 500M to Protect Stablecoin as Depeg Extends

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Celsius Reportedly Hiring ‘Restructuring Lawyers’ as Bankruptcy Speculation Mounts, CEL Pumps & Dumps

Posted: 15 Jun 2022 01:15 AM PDT

 
A torrid week for the users and operators of the crypto lender Celsius Network (CEL) is continuing – with restructuring lawyers reportedly called in to help enact emergency measures. Meanwhile, CEL is on a roller coaster today....
Read More: Celsius Reportedly Hiring 'Restructuring Lawyers' as Bankruptcy Speculation Mounts, CEL Pumps & Dumps

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