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Month: June 2022
President Biden Insists US Recession Is Not Inevitable — Treasury Secretary Yellen Concurs – Bitcoin News
President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.” Biden: U.S. Recession Isn’t Inevitable President Joe Biden reiterated to reporters Monday in Rehoboth Beach, Delaware, that a U.S. recession is not “inevitable.” Asking Biden about a potential recession, a reporter said, “Economists are saying that a recession is more likely than ever.”…
Cryptocurrency: What's Driving The Market?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Don’t forget to subscribe: Watch more interesting videos: Follow Channels Television On: Facebook: Twitter: Instagram: Get more news on our website: #ChannelsTv ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
Ether, the second-largest crypto by market cap, was down about 2%, changing hands just above the $1,100 position it reclaimed late Sunday. Other major altcoins were mixed with FTT up over 9% at one point, but XLM and XRP slightly down. DOGE rose earlier in the day after Tesla founder Elon Musk tweeted that he would “Keep supporting Dogecoin,” but was in the red by the afternoon. Source
Bitcoin Recovery Wades Off Celsius Liquidation, But For How Long?
The price of bitcoin has made a remarkable recovery above $20,000 after a brutal week riddled with crashes. These dips had driven decentralized finance (DeF)/ lending protocol Celsius, to the brink of liquidation. However, as the price has recovered, the platform is once again able to hold out for longer as its liquidation point is now a bit further away. The question remains if the recovery will hold and if Celsius will be able to avoid liquidation. Liquidation Price Pushed Back With the price of bitcoin above $20,000, the liquidation…
Crypto News Today: RBI on Cryptocurrency Ban in India Latest Update | Crypto Tax | Bitcoin, Ethereum
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency News Today: Cryptocurrency पर RBI (Reserve Bank of India) ने बड़ा बयान दिया है. Cryptocurrency पर सरकार ने 30% Tax पहले ही लगा दिया है, लेकिन अब RBI ने Crypto को Ban करने की बात की है. RBI Governor Shaktikanta Das ने Cryptocurrency (Bitcoin, Ethereum, Sand, Solana, Shiba Inu Coin, Dogecoin) को Tulipmania Bubble से जोड़ दिया है. Crypto Bill की वजह से पिछले महीने India में Crypto Market गिरी थी. Crypto Investors और Crypto Trading Apps (CoinDCX, WazirX CoinSwitch Kuber)…
SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets. SEC Chair Gensler’s Crypto Warning SEC Chairman Gary Gensler cautioned investors last week about crypto lending platforms offering products that seem too good to be true, Reuters reported. The securities regulator’s warning followed crypto lender Celsius Network’s…
Babel Has Been Granted a Reprieve From Debt Repayments
Babel, based in Hong Kong, expressed that it has reached tentative agreements on the repayment time frame of its recently acquired debts. This, in turn, has reduced the company’s short-term liquidity burden. Babel Finance, the embattled crypto lender which suspended withdrawals on Friday, has received a reprieve on debt repayments as it fights to stay afloat amid a dramatic cryptocurrency market downturn. Babel is in talks with significant institutions about possible remedies, including forming a new business to take up some of the debt. This information comes from a source…
VeChain Heads For Update, Can VET Price Lessen Bearish Pressure?
VeChain follows the general sentiment in the market and has experienced some relief across low timeframes. The crypto market trended below the critical support zone during the weekend but saw it bounce during today’s trading session. Related Reading | Over $250 Million In Liquidations As Bitcoin Recovers Above $20,000 Buyers have been able to push back bears in the short term but could still face further losses. At the time of writing, VET’s price trades at $0.02 with a 2% profit in the last 24 hours and an 11% loss in…
Solend to Reverse ‘Emergency Power’ Proposal in a Second Vote as Struggle to Solve Whale Liquidation Crisis Continues
Solend, a Solana-based borrowing and lending platform, will go back to the ballot box in a flash vote on whether to go ahead with Sunday’s proposal to take control of the platform’s largest account. The Solana DeFi Protocol’s largest account is a $100 million+ whale’s account on the verge of potential on-chain liquidation. The cryptocurrency borrowing and lending platforms for tokens such as SOL and USDC give its governance token holders six hours to vote on Sunday’s proposal. Voting “yea” on the platform would: 1. Invalidate Sunday’s first vote; 2.…