Cryptonews

Cryptonews


Bitcoin and Ethereum Struggle to Recover, QNT and SNX Outperform

Posted: 12 Jul 2022 08:11 AM PDT

Bitcoin price settled below the USD 20,500 level, extended losses and tested the USD 19,500 support zone. BTC is currently (14:57 UTC) consolidating near USD 19,900 and is down almost 3% in a day and 2% in a week. 
Similarly, most major altcoins are gaining bearish momentum. ETH traded below the USD 1,080 support zone. XRP is moving lower towards USD 0.300. ADA tested USD 0.425 and remains at a risk of more losses.
Total market capitalization...
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Crypto Falls Ahead of US Inflation Figure as Bitcoin On-Chain Metrics Signal ‘Oversold Conditions’

Posted: 12 Jul 2022 05:49 AM PDT

The crypto market fell on Tuesday ahead of a US inflation report for June that is feared to show that consumer prices have continued to rise at a faster pace despite interest rate hikes. Meanwhile, more on-chain signs are now indicating that a bottom for bitcoin (BTC) could be about to form....
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Three Arrows Founders 'Received Threats of Physical Violence' - Su Zhu Breaks Silence

Posted: 12 Jul 2022 04:51 AM PDT

Founders of troubled major crypto hedge fund Three Arrows Capital (3AC) and their families "have received threats of physical violence," according to seemingly a screenshot of an email, shared by Su Zhu, the co-founder of the fund, today.
He tweeted for the first time since June 15, sharing what appears to be an email from his legal counsel, Christopher Anand Daniel of Advocatus Law, to "Dear Russell." Russel Crumpler is the senior managing director of Teneo, the liquidator of 3AC....
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Axie Infinity Shows New Signs of Life, Despite Still-Falling NFT Sales

Posted: 12 Jul 2022 03:46 AM PDT

The crypto-powered play-to-earn (P2E) game Axie Infinity (AXS) is again showing signs of life, after being hit hard by a price collapse in the NFT and P2E sectors in crypto. However, sales of NFTs for the game have still fallen significantly in May and June....
Read More: Axie Infinity Shows New Signs of Life, Despite Still-Falling NFT Sales

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