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Binance Pauses Bitcoin Withdrawals Due to 'Backlog'
13.6.2022
Major crypto exchange Binance paused bitcoin (BTC) withdrawals due to a backlog, according to its CEO.
Changpeng Zhao tweeted today that there has been a “temporary pause” of BTC withdrawals on the exchange. Per the CEO, this is the result of “a stuck transaction causing a backlog.” He went...
Bitcoin Records Massive Dip; Is It a Time to Buy the Dip?
13.6.2022
Bitcoin is one of the first decentralized blockchain-based cryptocurrencies in the world. However, after its popularity now, it has been facing an issue with scalability and low transaction rate. It works as a peer-to-peer global payment transfer protocol. Many analysts question the fundamentals...
Bitcoin, Ethereum & Crypto Dive as Celsius Adds Fuel to the Fed Fire This Week
13.6.2022
The bitcoin (BTC) and crypto market came under heavy selling pressure on Monday, fueled by fears in nearly all global risk markets related to high inflation and what the US Federal Reserve (Fed) might do to tame it. At the same time, the drama surrounding crypto lending platform Celsius (CEL)...
Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act
13.6.2022
The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs...
Bitcoin Tests USD 25K, Ethereum Dives to USD 1.3K, CEL Crashes on Paused Withdrawals News
13.6.2022
Bitcoin price struggled to start a fresh increase above the USD 30,000 resistance and dived to the USD 25,000 level before somewhat recovering. It is currently (03:57 UTC) trading above USD 25,500 and is down almost 8% in a day and 15% in a week.
Similarly, most major altcoins started a major...
Move Over Web3 (and Web4), Jack Dorsey’s TBD Is Building Web5
10.6.2022
Twitter and Block co-founder Jack Dorsey is back at taking shots at Web3 again as TBD, a Bitcoin (BTC)-focused subsidiary of Block, announced that it is building Web5 - a Decentralized Web Platform (DWP) that is meant to enable ‘truly’ decentralized apps and protocols.
According to the description...
Lack of Interest in Australian Bitcoin ETFs Blamed on Bad Launch Timing, Strong Inflows Globally
10.6.2022
Bitcoin (BTC)-backed exchange-traded funds (ETFs) of various types are now widely available to investors around the world. But the popularity of the funds varies, with investors in Australia showing almost no interest in trading the recently-launched ETFs there....
Read More: Lack of Interest...
'Ubiquitous' Crypto Payments, Custody Exchange Network, DCG and Huobi Get New Arms + More News
10.6.2022
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: 'Ubiquitous' Crypto Payments, Custody Exchange Network, DCG and Huobi Get New Arms + More News
Bitcoin Fails to Retrace; Will BTC Return Profits?
10.6.2022
Being the largest cryptocurrency surely calls for some impact. BTC’s consolidation has already shaken the altcoin valuations, and it will be tough to expect any magical retracements without Bitcoin improving its stance. The steep decline from $48000 to $28000 came as a shock. However, this provided...
US Inflation for May Hits 8.6%, Above Analysts’ Expectations
10.6.2022
US inflation hit 8.6% in May, up from 8.3% in April and above analysts’ expectations.
"While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles,” the announcement from the US Bureau...
13% of Surveyed Canadians Owned Bitcoin in 2021, Up from 5% in 2020 – Bank of Canada
10.6.2022
The share of the Canadian population that owned bitcoin (BTC) reached 13% in 2021, up from just 5% a year earlier, a new report from the Bank of Canada has revealed.
According to the report, the notable increase in bitcoin ownership last year reflects easier access to the cryptocurrency through...
Tim Draper Still Sees Bitcoin (BTC) Surpassing $250k By Year End. Can Gnox (GNOX) Redefine the DeFi Space?
10.6.2022
Legendary venture capitalist Tim Draper made waves in the crypto community when he predicted Bitcoin would fly to $250,000 by the end of 2022 during a CNBC interview in June 2021. With Bitcoin currently trading at around $30,000, moving in a band between $28,000 and $31,000, the end of Q2 is...
Bitcoin and Ethereum Fluctuate in a Range, LINK and XTZ Outperform
10.6.2022
Bitcoin price remained below the USD 31,200 resistance and moved towards USD 30,000 again. BTC is currently (03:52 UTC) trading below USD 30,200 and is unchanged in a day and down 1% in a week. A clear move below USD 29,500 could start a stronger decline.
Similarly, most major altcoins...
Bullish Sentiment Returns to Gold as Bitcoin Underperforms
9.6.2022
Bullish sentiment has seemingly returned among retail investors in the gold market, after what has now been five months of strong outperformance of bitcoin (BTC) by gold in 2022....
Read More: Bullish Sentiment Returns to Gold as Bitcoin Underperforms
Hawkish ECB Intentions, Tether on Tezos, Osmosis Promises to Cover Losses + More News
9.6.2022
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: Hawkish ECB Intentions, Tether on Tezos, Osmosis Promises to Cover Losses + More News
Optimism Rises Towards Grayscale’s Bitcoin ETF Application as Star Legal Counsel Joins Team
9.6.2022
Leading voices in the crypto industry are optimistic that Grayscale, the major cryptoasset management firm behind the Grayscale Bitcoin Trust (GBTC), will be successful in getting the necessary approvals to convert the trust to a spot-based bitcoin (BTC) exchange-traded fund (ETF)....
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New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
Close to 1 in 3 Surveyed Hedge Funds Plan Crypto Investments - PwC
9.6.2022
Close to one out of three – or 29% – of hedge funds that are not yet invested in digital assets say they are looking to invest or are in late-stage planning for investments in the space, a new survey by consulting giant PwC has revealed.
The survey was conducted in the 1st quarter of 2022 on...
Bitcoin and Ethereum Still Stuck In Range, THETA and HNT Rally
9.6.2022
Bitcoin price failed to clear the USD 31,500 resistance zone and corrected below USD 30,500. It is currently (04:01 UTC) trading near USD 30,300 and is up 1% in a day and almost 2% in a week.
Similarly, most major altcoins are also range-bound. ETH traded below the USD 1,820 and USD 1,800...
South Korean Crypto Exchanges Prepared to Self-regulate, Says Ruling Party
9.6.2022
South Korea’s ruling political party – the People’s Power Party – has stated that the nation’s leading crypto exchanges have created plans that could see them form a self-regulating body that could be empowered to take cross-platform decisions on matters such as delisting and the suspension...