Day: June 14, 2022

Crypto Market Notices Over $600 Million in Liquidation As BTC Falls Below $25,000

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As of December 2020, the price of BTC dropped to about $25,000. Recently, the same occurrence took place in the crypto market. As a result, most altcoins are experiencing a price plunge, resulting in over $600 million in liquidation. Rundown Of BTC Price In June BTC looked promising at the dawning of June, hitting a selling price of over $32,000, being its all-week high. Hours later, there was a sudden slump in prices, bringing its selling price to around $30,000. Despite several attempts to push beyond this price, Bitcoin could…

BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion

Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price hits 18-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020. A sell-off that began before the weekend intensified after the June 13 Wall Street opening bell, with Bitcoin and altcoins falling in step with United States equities. The S&P 500 finished the day down 3.9%, while the…

Co-founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously – Bitcoin News

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Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what nascent technologies such as crypto, NFTs, and the metaverse are offering. Englebienne explained that these new technologies might disrupt the operations of existing businesses, and that some time might need to be invested to understand these effects. Globant Co-founder Takes New Tech Seriously Crypto and its derived products are starting to touch many industries tangentially, including the tech sector, and many companies are worried about the effects this might…

Crypto Mining 4 years ago today

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ZED RUN founder envisions user narrative-driven Metaverse

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Chris Laurent, the founder of the popular-digital horse racing game ZED RUN, envisions a future where people will spend their free time developing their own unique narratives within the Metaverse.  This virtual world will contain a mix of gaming, entertainment, and social experiences underneath an overarching storyline, he believes. “My perception of the metaverse isn’t just a meeting [of people], it’s coming home after work and not turning on Netflix, but seeing what happens to yourself and your friends in some type of storyline that is flexible.” The ZED RUN…

NYC Mayor Eric Adams speaks out against PoW mining ban legislation

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New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years. The bill is designed to place a two-year moratorium on Proof of Work (PoW) crypto miners who do not use 100% renewable energy. At the same time, New York state’s environmental agency is investigating the effects of mining on the environment. The bill passed on June 3 in the State Assembly and now awaits Governor Kathy Hochul’s signature…

Ethereum Drops Below $950 On Uniswap Overnight

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Ethereum Key Takeaways: – ETH prices have plummeted below $1300– Selling pressure intensifies, which triggers the decline.– Dire price forecasts for ETH Having lost about 20 percent of its value over the past 24 hours and hovering around $1,200 on Monday morning, many crypto investors and market observers are prepared for a massive Ether decline back into the triple digits. On the decentralized exchange Uniswap, however, it occurred late Sunday night, albeit momentarily, as ETH retreated below the spot price, relative to other exchanges, to $950. The duration of the sell-off…

Possible Outcomes Of A Dovish Vs Hawkish Fed

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Bitcoin shed over 15% in the last 24 hours to around $21k and the whole crypto market sank below $1 trillion on Monday. Whether this gloomy start of the week will be followed by even more downside or some relief, could depend on next week’s meeting of the US Federal Reserve (FED). Bitcoin trading at around $21k in the daily chart | BTCUSD on TradingView.com Related Reading | Crypto Markets Lose $100 Billion As Bitcoin Drops Below $26K – More Pain Ahead? Dovish Or Hawkish? The US is seeing the largest year-on-year…

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin News

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Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets. Buenbit Announces USDC and USDT Yield Instruments More and more exchanges are trying to offer staking options for their customers, allowing them to earn money with the funds deposited on their platforms. Buenbit, an Argentinian exchange,…