Day: June 13, 2022

Celsius crisis has no impact on USDT reserves

boss

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due to its rumored liquidity crisis. According to the statement, Tether’s lending activity with Celsius has “always been overcollateralized” as with any other borrower and “has no impact” on the company’s reserves. The announcement also described the ongoing issues with Celsius as an “unfortunate result of market volatility and extreme market…

Chinese chip designer reportedly filed for $50M Nasdaq IPO

boss

Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions. According to information obtained by the Renaissance Capital IPO monitoring tool, the Huangzhou-based crypto mining chip maker has filed with the regulator, the U.S. Securities and Exchange Commission (SEC), for its upcoming public offering on Nasdaq, the world’s second-larges stock exchange. The application for American depository shares is occurring amid a slew of regulatory difficulties in China and the United States, causing…

Russian Parliament to Review Bill Prohibiting Crypto Payments – Regulation Bitcoin News

boss

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers will review a new bill imposing a ban on the use of digital financial assets, a legal term currently encompassing cryptocurrencies, and utilitarian digital rights, or tokens, as a means of payment in Russia. The…

Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K

boss

Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop in Bitcoin mining profitability The profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative zone after Bitcoin’s fall below $24,000 this June 13, data fetched by F2Pool shows. Those machines include Antminer S11 and AvalonMiner 921, which are now close to their “shutdown price.” For your information, we publish the latest list of the Shutdown Price below which crypto mining machines in this chart…

the World’s Only DeFi Platform That Always Rewards, No Matter the Market – Sponsored Bitcoin News

boss

sponsored The cryptocurrency Winter is (NOT) here to stay. If the media was any indicator of the current state of the cryptocurrency industry, one would think it was time to “pack up” and find a new technology to invest both time and money into. It is true that the cryptocurrency industry is currently experiencing another so called “cryptocurrency winter” and while numerous references may be cited to support that, it is also true that this is not the first nor the worst one. In fact, well supported and funded projects…

ETHEREUM 2.0 SAI EM AGOSTO? ULTIMO TESTE DA THE MERGE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ETHEREUM 2.0 SAI EM AGOSTO? ULTIMO TESTE DA THE MERGE ETHEREUM 2.0 O QUE NAO TE CONTARAM! Fala investidores bão demais da conta? ✔️Canal para contato: imatutooficial@gmail.com Ethereum 2.2 atualização MERGE vai trazer escalabilidade a rede da ethereum, contudo não irá mexer nas taxas. Isso porque a MERGE vai ocorrer na camada de consenso da rede e não na camada de execução, onde propriamente reside as taxas de gas da rede. Grupo oficial do telegram BR: 📍CADASTRE-SE NA ATANI , entrando por…

USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

boss

While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the community.  Stablecoin protocol USDD’s price dipped to $0.97 on major crypto trading platforms on Monday. Because of this, the market started to keep an eye on the project with fears that the project will follow the footsteps of Terra (LUNA). CurveSwaps, a bot that monitors large asset transfers flagged that $1 million USDD was recently swapped to 997,339 Tether (USDT).…

Community shares game plan for the bear market

Crypto newcomers are troubled about deciding their next move as the market becomes unpredictable. Because of this, crypto community members handed out their advice to those trying to navigate through the cold crypto winter.  In a Twitter thread, nonfungible token (NFT) collector and trader Krissyos highlighted the importance of having a survival mindset during this time. According to the NFT collector, crypto and NFTs will “soar in the future.” However, Krissyos believes that many current projects are bound to fail. Because of this, the trader noted that the top priority…

3 Easy Ways Users Can Earn Real Money in Web 3.0

boss

It’s only been eight months since Mark Zuckerberg announced the inception of the “metaverse,” a convergence of the physical and digital lives connected by virtual and augmented reality. Yet, the technology is already rapidly expanding, with new platforms constantly emerging into the brand new space. Within the metaverse, users can live in an alternate reality where they can buy their condos, socialize with others using their avatars, attend business meetings, and even earn an additional income stream. Here are a few of the top ways users can take advantage of…