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Celsius Reportedly Unlikely to Get Bailout Money from Investors


  As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News.... Read More: Celsius...

Fed Raises Rates by 75 Basis Points


  On Wednesday, the US Federal Reserve (Fed) raised rates by 75 basis points, in line with most analysts’ forecasts. (This is a developing story and is being constantly updated.) “[…] the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent...

Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second


While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s)....

US Inflation for May Hits 8.6%, Above Analysts’ Expectations


  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...

'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case


  In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX. For the "first time in history"...

PayPal Allows Users to Transfer Crypto to External Wallets and Exchanges


  Online payment giant PayPal now allows select customers in the US to transfer cryptoassets from their accounts to external wallets and exchanges. "Starting today [June 7], PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," Jose Fernandez...

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