MarketWrap Tuesday, June 14th Source
Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among Traders
Day: June 14, 2022
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregistered securities. In a Tuesday announcement, the state regulator said BlockFi had “offered and sold securities in Iowa that were not registered or permitted for sale in Iowa” in addition to not being registered as a broker-dealer or agent, in violation of the state’s Securities Act. The IID ordered BlockFi to pay $943,396.22 as an administrative fine as well…
What Would Happen If Bitcoin Breaks Below $20K, Arthur Hayes Predicts
The crypto market pushes further down and seems poised for more losses as Bitcoin touches the low of its current levels. The number one crypto by market cap approaches a major support level, and if bulls failed to protect it, BTC’s price could return to its 2020 range. Related Reading | By The Numbers: Bitcoin Suffers Largest Single Day Drop Since March 2020 At the time of writing, Bitcoin (BTC) trades at $21,800 with a 5% and 29% loss in the last 24-hours and 7-days, respectively. BTC’s price began to trend…
Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze
On June 14, discussions of Celsius continued to populate media headlines and June 14’s news involved the platform’s CEL token accruing massive gains after what appears to have been either an exchange glitch or a short-squeeze. CEL price spiked from $0.18 to $1.55 in one abrupt candle before sinking back to $0.60 within the same one-hour candle. CEL/USDT 1-day chart. Source: TradingView Currently, analysts are on the fence about the reason for the explosive price breakout. Some cite Celsius repaying a portion of its debts as a reason, while others…
NFT ticketing may catch on faster in France after UEFA championship debacle
The disorder before the UEFA Champions League final game may lead to the widespread adoption of nonfungible tokens (NFTs) for ticketing at sports events in in France. The country previously stated that it intends to use NFT tickets during the 2023 Rugby World Cup and 2024 Paris Olympics. Mass ticket counterfeiting was one of the causes of the chaotic scene at the May 28 soccer championship. It turned into a major embarrassment for the country after police used tear gas to restore order and the match between Liverpool FC and…
Con la caída del mercado, El Salvador registra pérdidas por $52 millones en tenencias de bitcoin
El lunes, el ministro de Finanzas de El Salvador, Alejandro Zelaya, dijo que las pérdidas de bitcoin presentaban un riesgo “extremadamente mínimo” para su país, notando que la cantidad suma menos del 0,5% del presupuesto del gobierno. También aclaró que cualquier pérdida por ahora es intangible porque todavía el país no ha efectuado la venta de ninguna de sus criptomonedas. Original
🚨SOLANA NETWORK OUTAGE DOWN 77%🔥TERRA LUNA DO KWON CAUGHT ✅BITCOIN TANKS THE MARKET
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Traders de bonos suben apuestas ante el aumento de la tasa de la Fed e incrementan presión sobre bitcoin
Como resultado, Goldman Sachs (GS) modificó su previsión para la próxima subida de tasas. El economista jefe, Jan Hatzius, dijo que “nuestra mejor suposición es, por lo tanto, que el artículo (del WSJ) es una pista del liderazgo de la Fed de que se avecina un aumento de tasas de 75 puntos básicos”. Source
Crypto Exchange Zonda to Expand into Italy
Zonda, a regulated cryptocurrency platform, announced on Tuesday that it plans to enter the Italian market on June 15. According to the press release, the move will be led by Barnabas God, Chief Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers’ needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide…
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Mining Bitcoin News
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region. Hashrate Drops to 182 EH/s and Bounces Back Above 200 EH/s, Over 741 Million Bitcoin Transactions Confirmed Close to a week ago, Bitcoin’s hashrate tapped an all-time high at 292.02 EH/s at block height 739,928 and since then, it has…