Bitcoin lost some 13% of its value in the past 24 hours. Source
Crypto Market Cap Falls Below $1T for First Time Since Early 2021
Day: June 13, 2022
Binance.US Accused of Misleading Investors in Class Action Lawsuit Over Terra
The suit, which was filled by U.S.-based law firm Roche Freedman LLP, alleges that Binance.US marketed Terra’s dollar-based UST as more stable than it actually was. According to the suit, when UST and its sister token Luna classic (LUNC) crashed to zero in May, thousands of unsuspecting retail investors were caught completely off guard. Misleading advertising is what the suit says is to blame for those losses. Source
Coinbase e Luna sull'orlo del Fallimento ?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase e Luna sull’orlo del Fallimento ? ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion
Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multi-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles for $24,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD eclipsing its ten-month lows set in mid-May. The largest cryptocurrency faced bearish triggers on multiple fronts, these coming from both within and beyond the crypto sphere. FinTech protocol Celsius appeared on the brink of meltdown after operations were halted, turning billions of dollars in collateral into new risk for crypto markets. In an…
Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs – Emerging Markets Bitcoin News
Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to become an acceptable payment method. The bankers also insisted that cryptocurrencies pose a risk to financial stability, a Reuters report has said. As per the report, the bankers namely, Kingsley Obiora, the deputy governor of…
Raoul Pal – "It's Happening FASTER Than I Thought…" | Bitcoin News | Crypto Currencies
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Raoul Pal – “It’s Happening FASTER Than I Thought…” | Bitcoin News | Crypto Currencies ($) Raoul Pal, one of the greatest entrepreneurs of all time and supporter of Bitcoin and Ethereum, will explain this crypto update for 2022, and all the latest cryptocurrency news for investors in the current market. If you want to find out more about Bitcoin, Ethereum and all the latest crypto news and updates he will be going over in for 2022, then please watch the video…
Bitcoin hash rate marks all-time high as BTC price drops below $25K
Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 ExaHash per second (EH/s) amid an ongoing bear market that witnesses BTC price plunging below the critical $25,000 mark. Hash rate is directly proportional to the computing power of mining equipment for confirming transactions, which deters bad actors from manipulating on-chain transactions. Complimenting the new hash rate ATH, the Bitcoin network difficulty stands at a strong position of 30.283 trillion. The estimated number of TH/s the Bitcoin network…
Crypto lender Celsius pauses withdrawals; bitcoin slides
Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Celsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market. Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion lent out to clients and almost $12 billion in assets under management as of May. The group offers users higher-than-average interest rates on their deposits. “Due to extreme market conditions, today we are announcing that Celsius…
Nexo Proposes Celsius Buyout as Rival Halts Withdrawals
Crypto lending platform Nexo said it’s preparing an offer to acquire Celsius after the targeted company froze withdrawals and transfers this morning. Source
Beeks Announces the Launch of Exchange Cloud
LSE-listed cloud computing connectivity provider for financial markets, Beeks Financial Cloud Group announced today that it has launched Exchange Cloud, an evolution of Proximity Cloud. The details shared by the company show that the launch will assist global financial exchanges in offering cloud solutions to end-users. The latest announcement from Beeks Financial Cloud Group came nearly 10 months after the company introduced Proximity Cloud, the industry’s first private cloud environment for financial markets. “Our product development has always been driven by customer demand, and we created Exchange Cloud specifically to…