Cryptonews

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Cryptonews

Bitcoin Returns Above USD 20K, Ethereum Rallies, CEL Keeps Outperforming

Posted: 04 Jul 2022 09:24 PM PDT

Bitcoin price remained well bid above the USD 18,800 support zone and started a fresh recovery wave above the USD 20,000 resistance zone. It is currently (04:09 UTC) trading near USD 20,300 and is up 6% in a day and down 2% in a week.
Similarly, most major altcoins gained pace and recovered some losses. ETH is up over 9% and is testing the USD 1,150 resistance. XRP is still stuck near the USD 0.325 zone. ADA is moving higher above the USD 0.45 level.
Total market capitalization...
Read More: Bitcoin Returns Above USD 20K, Ethereum Rallies, CEL Keeps Outperforming

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Crypto Listing and Delisting Announcements: Week 27

Posted: 04 Jul 2022 05:00 PM PDT

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here.
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AscendEXListings: Walken (WLKN) ...
Read More: Crypto Listing and Delisting Announcements: Week 27

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Argentineans Rush to Tether After Economy Minister Resigns

Posted: 04 Jul 2022 01:00 PM PDT

Residents of Argentina rushed to bid up the price of the popular stablecoin tether (USDT) in local fiat terms over the weekend after news broke that the country's minister for the Economy had resigned.
According to data from CriptoYa, a data provider that tracks crypto prices from Latin American exchanges and peer-to-peer markets, the price of USDT in the Argentine peso (ARS) jumped this weekend from around ARS 250 per USDT on Saturday to between ARS 270 and ARS 280 on Monday....
Read More: Argentineans Rush to Tether After Economy Minister Resigns

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Cautious Bullishness in Bitcoin & Crypto Amid Warnings of Further Downsides

Posted: 04 Jul 2022 09:18 AM PDT

The crypto market saw modestly higher prices on Monday, despite warnings from analysts and institutional investors that the market could fall further as contagion from recent insolvencies continues to spread.
As of Monday at 16:17 UTC, bitcoin (BTC) traded at USD 19,819, up 4% for the past 24 hours but down 7% for the past 7 days. Meanwhile, ethereum (ETH) stood at USD 1,115, up almost 6% for the day and down 9% for the week....
Read More: Cautious Bullishness in Bitcoin & Crypto Amid Warnings of Further Downsides

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Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News

Posted: 04 Jul 2022 08:28 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: Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News

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Cardano Vasil Hard Fork is Now 'Inevitable' after 'Successful' Testnet

Posted: 04 Jul 2022 08:02 AM PDT

Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve the network's scalability and performance, has gone through the testnet "successfully" and is expected to deploy on the mainnet in a month.
Input Output Hong Kong (IOHK), the research and development company that has developed the Cardano blockchain, announced on Sunday that, ...
Read More: Cardano Vasil Hard Fork is Now 'Inevitable' after 'Successful' Testnet

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Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

Posted: 04 Jul 2022 07:05 AM PDT

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin's US dollar peg. Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated....
Read More: Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

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Central Africa Rolls Out Sango Coin Amid Transparency, Credibility Worries

Posted: 04 Jul 2022 06:16 AM PDT

The Central African Republic (CAR)'s authorities unveiled a new crypto project, dubbed Sango Coin, which President Faustin-Archange Touadéra launched as the country's national cryptocurrency in an online event, but hopes for a major push for crypto adoption in Africa have been partially replaced by fears that the initiative could actually undermine the continent's increasing trust in crypto....
Read More: Central Africa Rolls Out Sango Coin Amid Transparency, Credibility Worries

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Bitcoin and Ethereum Stuck in Key Range, CEL Outperforms

Posted: 04 Jul 2022 05:03 AM PDT

Bitcoin price remained well bid above the USD 19,000 support zone and is currently (11:46 UTC) moving higher, but there are many hurdles near USD 20,000. A clear move above USD 20,000 could set the pace for a recovery wave. For now, BTC trades near USD 19,600 and is up almost 3% in a day and still down 7% in a week. ...
Read More: Bitcoin and Ethereum Stuck in Key Range, CEL Outperforms

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Fresh Blow for Celsius with 150 Staff Reportedly Fired, but CEL Rallies

Posted: 04 Jul 2022 04:05 AM PDT

Another crypto lender has apparently hit the rocks, with reports claiming that the already troubled Celsius Network (CEL) has axed 150 employees.
Per the Israeli media outlet Calcalist, Celsius has previously "hired restructuring consultants and lawyers to make organizational changes to the company amid its financial issues."
Some of the staff that have been laid off are based in Israel, the media outlet added....
Read More: Fresh Blow for Celsius with 150 Staff Reportedly Fired, but CEL Rallies

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Peter Schiff Gets an Unexpected Lesson in the Benefits of Bitcoin as Banking Woes Bite

Posted: 04 Jul 2022 02:53 AM PDT

The arch-Bitcoin (BTC) skeptic Peter Schiff has experienced problems with the traditional international banking system – giving BTC advocates the opportunity to tell him that his struggles could have been avoided had he made use of bitcoin.
Schiff has become infamous in the world of crypto Twitter, where he regularly takes the opportunity to troll BTC advocates – even crossing swords with the likes of Elon Musk....
Read More: Peter Schiff Gets an Unexpected Lesson in the Benefits of Bitcoin as Banking Woes Bite

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Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading

Posted: 04 Jul 2022 01:36 AM PDT

Singapore-based crypto exchange Vauld is the latest crypto platform to suspend all withdrawals, deposits, and trading citing "financial challenges" amid lingering sour market conditions....
Read More: Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading

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Solana-Powered Crema Finance Loses Almost USD 9M in Flash Loan Attack

Posted: 04 Jul 2022 01:00 AM PDT

Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has lost over USD 8.7m worth of crypto assets in a flash loan attack that drained its liquidity reserves.
The protocol's official Twitter account confirmed the hack on Sunday and announced the temporary suspension of the service as they started an investigation....
Read More: Solana-Powered Crema Finance Loses Almost USD 9M in Flash Loan Attack

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Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate

Posted: 03 Jul 2022 09:21 PM PDT

Bitcoin price settled below the USD 20,000 support zone. BTC is currently (04:05 UTC) consolidating near USD 19,100 and is down 1% in a day and 9% in a week.
Similarly, most major altcoins are trading below key support levels. ETH is well below USD 1,100 while XRP is struggling below USD 0.325. ADA could extend losses and test USD 0.42.
Total market capitalization...
Read More: Bitcoin and Ethereum Struggle to Recover, AR and RUNE Accelerate

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DeFi Suffers from Too Much Centralization, What Can Be Done?

Posted: 03 Jul 2022 04:00 AM PDT

"If any part of their business model incorporates centralization <...> then it is centralized no matter what other decentralized features it deploys."
"It is vital that people understand how the assets they are pledging to a centralized entity are being used."
'"If users demand more decentralization within crypto lending they simply have to vote with their funds by moving them."_____...
Read More: DeFi Suffers from Too Much Centralization, What Can Be Done?

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The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks

Posted: 03 Jul 2022 03:00 AM PDT

Gigi is a Bitcoin educator, author of '21 Lessons', and software engineer.
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It can't be said often enough: Bitcoin is confusing. However, it's not complicated like a Rube Goldberg machine is complicated. It's just very foreign and thus very misunderstood—it is a completely new thing. "There's nothing to relate it to," as Satoshi [Nakamoto] put it in one of his posts....
Read More: The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks

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