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Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default
6.7.2022
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a loan require it “to take deliberate and decisive...
AIOZ Network Goes Live On Crypto.com
6.7.2022
AIOZ Network published a blog post to announce that it was live on Crypto.com, now accessible to over 50 million users across the globe. Users can purchase the token, AIOZ, at its actual cost using 20+ fiat currencies, including USD, EUR, and GBP. AIOZ can be spent across more than 80 million...
Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues
6.7.2022
BTC was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ETH also hovering around a ceiling of its own during Wednesday’s session. Bitcoin Bitcoin was trading in the green for most...
Belgium Regulator Ponders Crypto as a Security
6.7.2022
The EU’s landmark crypto law won’t take effect for a couple of years, but existing stock-trading rules may still apply, financial regulator FSMA says
UK City Minister, Crypto Proponent John Glen Resigns as Ministers Quit Johnson Government
6.7.2022
In April, Glen had outlined the U.K.'s ambitions to become a crypto hub and produce a regulatory package for crypto assets
Majority of British crypto owners revealed to be hodlers: Survey
6.7.2022
In the U.K., crypto owners prefer centralized exchanges and claim their assets to be largely profitable
The First Exchange to Conduct a Proof-of-Reserves Audit in Crypto Industry, Gate.io Starts its Second Third-party Audit
6.7.2022
Gate.io has announced that it will commence another proof-of-reserves audit to provide user verifiable reserves data through a Merkle tree implementation audited by a leading third-party firm. In 2020, as the first cryptocurrency exchange in the world to commit to providing 100% collateral, Gate.io...
Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report
6.7.2022
There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE.
In...
85% of merchants see crypto payments as a way to reach new customers: Survey
6.7.2022
The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5%
Central African Republic Reportedly Launches Crypto Coin, Bitcoiners Slam Move
6.7.2022
Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic...
Crypto tax deters 83% Indian investors from crypto trading: WaxirX report
6.7.2022
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market
Virginia county Fairfax commits $35M to Van Eck crypto lending fund
6.7.2022
Fairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the asset manager
Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report
6.7.2022
The recent downturn in the cryptocurrency market hasn't deflected Facebook parent company Meta from its plan to bring digital collectibles to its users
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
US expansion for Huobi a step closer after it secures a FinCEN license
6.7.2022
It says users in the United States can expect digital asset services to come in the future
Crypto Expert: Why Gnox & Ethereum Ecosystems Take the Lead in 2022?
6.7.2022
Over the past decade, there has been a meteoric rise in the real-world use cases of blockchain technology. The rising popularity of Bitcoin as a store of value, coupled with rapid growth in smart contract platforms, has set the tone for a digital future. Several reputable blockchain ecosystems have...
Risk profile of crypto markets similar to oil and tech: Coinbase
6.7.2022
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist
Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis
6.7.2022
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy late Tuesday
Fed conference hears stablecoins may boost USD as global reserve currency
6.7.2022
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system
The bottom is in: CNBC's Jim Cramer says crypto has "no real value"
6.7.2022
Mad Money host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion as “there’s no real value there.”