Cryptonews

Cryptonews


Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’

Posted: 22 Jun 2022 01:00 PM PDT

 
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-founders....
Read More: Nexo Eyes Potential M&A Targets as Crypto Market in 'State of Fear'

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Meta Developing Metaverse Wallet as Social Media Giant Doubles Down on NFTs

Posted: 22 Jun 2022 09:54 AM PDT

 
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....
Read More: Meta Developing Metaverse Wallet as Social Media Giant Doubles Down on NFTs

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BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News

Posted: 22 Jun 2022 08:45 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.
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Read More: BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News

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Big Tech Joins Hands to 'Foster' the Creation of Metaverse Standards

Posted: 22 Jun 2022 06:58 AM PDT

 
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 initiative aims to introduce interoperability and cross-compatibility in the space in order to foster the development of "the open metaverse."
Per the website, the Forum is "open to any organization at no cost." Furthermore, it states that, ...
Read More: Big Tech Joins Hands to 'Foster' the Creation of Metaverse Standards

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Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default

Posted: 22 Jun 2022 06:07 AM PDT

 
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 crypto hedge fund Three Arrows Capital (3AC) for failure to repay its loan....
Read More: Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default

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Bitcoin and Ethereum Struggle to Recover Further, Altcoins Dip

Posted: 22 Jun 2022 05:58 AM PDT

 
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.
Similarly, most major altcoins are also moving lower. ETH declined below USD 1,120 and might even retest USD 1,000. XRP is stuck near USD 0.320. ADA is down 6% and approaching the USD 0.45 support zone.
Total market capitalization ...
Read More: Bitcoin and Ethereum Struggle to Recover Further, Altcoins Dip

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Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become ‘Cryptoasset Hub’

Posted: 22 Jun 2022 05:20 AM PDT

 
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₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether's announcement said. It did not specify what other blockchains might be supported later....
Read More: Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become 'Cryptoasset Hub'

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Bitcoin & Crypto Move Lower Again as Analysts Search for Answers, Point to Risks to Economy

Posted: 22 Jun 2022 04:42 AM PDT

 
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 that prices could fall based on historical precedence, and others pointing to risks from the broader economy....
Read More: Bitcoin & Crypto Move Lower Again as Analysts Search for Answers, Point to Risks to Economy

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Amid Looming Euro Zone Economic Downturn, ECB's Lagarde Worries About Crypto, DeFi

Posted: 22 Jun 2022 03:21 AM PDT

 
While the 19 euro-using European Union countries face a gloomy economic outlook, European decision-makers are worried about the potential negative impact of cryptoassets and decentralized finance (DeFi) on the bloc's financial stability -- and per Christine Lagarde, President of the European Central Bank (ECB), they should intensify their work on a controversial regulation draft....
Read More: Amid Looming Euro Zone Economic Downturn, ECB's Lagarde Worries About Crypto, DeFi

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Blockchain Games See a Drop in Users and Volume After Strong Performance in May

Posted: 22 Jun 2022 02:09 AM PDT

 
Blockchain games have seen a drop in the number of users and trading volume over the past 30 days after delivering strong results in May.
The top three blockchain-based games in terms of users, Alien Worlds, Axie Infinity, and Splinterlands, have seen a 12%, 37%, and 9% drop, respectively, in the number of unique wallet addresses interacting with the games over the past 30 days, according to data by DappRadar....
Read More: Blockchain Games See a Drop in Users and Volume After Strong Performance in May

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SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a 'White Knight'

Posted: 22 Jun 2022 01:08 AM PDT

 
One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn't bail out ailing crypto companies even if she could....
Read More: SEC's Peirce Says Crypto's Lack of 'Bailout Mechanism' Is a Strength; FTX CEO as a 'White Knight'

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Bitcoin Nears USD 20K, Ethereum Below USD 1.1K, WAVES Rallies, CEL Dumps

Posted: 21 Jun 2022 09:18 PM PDT

 
Bitcoin price was able to recover above the USD 21,200 resistance zone but failed to stay in the positive zone and declined below USD 21,000. It is currently (04:04 UTC) trading above USD 20,300, with a risk of a downside break. BTC is down over 1% in a day and almost 9% in a week. ...
Read More: Bitcoin Nears USD 20K, Ethereum Below USD 1.1K, WAVES Rallies, CEL Dumps

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Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

Posted: 21 Jun 2022 05:00 PM PDT

 
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 billion mark at the end of last year, with a total of 261 million personal wallets now open in pilot zones....
Read More: Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

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Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to 'Overly Catastrophize' It

Posted: 21 Jun 2022 01:00 PM PDT

 
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) system.
The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH (stETH) has been deposited, could theoretically disturb the Ethereum network post-Merge. ...
Read More: Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to 'Overly Catastrophize' It

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Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious

Posted: 21 Jun 2022 10:00 AM PDT

 
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....
Read More: Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious

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Elon Musk's Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano's Upgrade + More News

Posted: 21 Jun 2022 08:21 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.
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Read More: Elon Musk's Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano's Upgrade + More News

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