Day: June 16, 2022

Ethereum Outlook

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We provide another update on our #Ethereum outlook as it seems the price of #ETH still remains range-bound between $2k-$4k. Where do you think the price of #ETH is headed? Let me know in the comments! Also, we are launching a new Into The Cryptoverse #NFT on Feb. 3rd and another one on Feb. 5th. Anyone who holds both in their address on May 3rd will be able to claim a 3rd #NFT for free! Premium List : LIFETIME OPTION: Alternative Option:…

Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562 – Featured Bitcoin News

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The CEO of the Nasdaq-listed software company Microstrategy has debunked the rumor that his company is facing a margin call for a bitcoin-backed loan and will be forced to sell some coins. If the price of the cryptocurrency “falls below $3,562 the company could post some other collateral,” the executive explained. Microstrategy Hasn’t Received a Margin Call Microstrategy CEO Michael Saylor debunked the rumor that his company is close to having to liquidate its bitcoin to meet a margin call for a bitcoin-backed loan. The rumor intensified as the price…

In Conversation With the Federal Reserve Chief Innovation Officer

The reality is, this industry doesn’t even know that the Fed wants to hear from them, let alone how to talk to the Fed. The simplest way I would implore your audience [to do] is, number one, our virtual door’s open. If you have a contact or you know how to engage with your local Federal Reserve Bank, great. If not, honestly, hit me up. I’m on Telegram. I’m on Twitter, I’m on LinkedIn, and I’ll be more than happy to understand what you’re trying to accomplish. And then, whether…

NEXO Price Drops by 40% In Three Days as Fear From Defi Contagion and Insolvency Crypto Fund Grows

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The price of Nexo (NEXO) kept falling on June 15 as crypto lending firms continued to be shaken by the crypto winter season. Nexo was speculated to be related to Three Arrows Capital (3AC), a Dubai-based crypto fund at risk of going insolvent. However, the company has denied the rumors of exposure to the company and has 100% liquidity to meet its debt obligations. NEXO, a security token at a cryptocurrency lending platform bearing the same name, fell by almost 25% to $0.61 a unit, its lowest price valuation since…

Litecoin Market Cap Reduces in Bearish Trends as It Loses Over $2 Billion in May

Litecoin was affected by the bearish movements that were recently experienced in the cryptocurrency market as its market cap crashed. Litecoin’s market cap was down by over 30% compared to what it was in the first week of May, wherein the digital asset was performing well. Litecoin’s market valuation was at $4.2 billion in the just-concluded month of May, a very disappointing figure. Litecoin was one of the major cryptocurrencies that were badly hit by the blow of the crypto crash in May. The coin was down by 11.04% on…

Double-Digits Losses Are The Order Of The Day As Bitcoin Declines To $20,000

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The crypto market crash has sent Bitcoin spiraling to $20,000. The pioneer cryptocurrency has in turn taken the market down with it, triggering massive losses. All digital assets in the market have not been left out of the onslaught. Regardless of their market cap, cryptocurrencies have all recorded massive losses that have translated to double-digit losses across all indexes. Not A Respecter Of Market Caps All of the indexes have been hit hard by the crypto market crash. Even the bitcoin index that had been putting up the most fight…