Month: June 2022

Consumer Interest in Crypto Remains Strong – Featured Bitcoin News

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Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a report Monday highlighting the results of its “inaugural crypto/digital asset survey,” which took place early this month. Out of 1,013 survey respondents, 58% said they currently own crypto or digital assets while 42% said they…

USDC Issuer Circle to Introduce Euro-Backed Stablecoin in U.S.

It is unclear how a euro-backed stablecoin issued under U.S. standards might be perceived by EU leaders, and how Circle is anticipating the EU’s pending legislation. A representative for Circle told CoinDesk the company will not comment publicly on conversations, or the existence of conversations, with U.S., EU, or other regulators. Source

CleanSpark Takes Advantage of Bear Market to Acquire Mining Rig Contracts

The Las Vegas-based, sustainable bitcoin miner said in a statement that the machines will add over 252 petahashes per second (PH/s) of hashrate to CleanSpark’s bitcoin mining capacity, once fully deployed. The bitcoin mining specific computers, called ASICs, will start arriving at CleanSpark’s facilities in August, and shipping will continue through the next six months. The miner currently has 25,000 latest-generation bitcoin miners with a hashrate over 2.5 EH/s. Source

Sell the Ethereum Merge – CryptoX

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BTC Moves Away From $20,000 Following Historic Fed Rate Hike – Market Updates Bitcoin News

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Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on Thursday, as markets responded to the latest interest rate hike from the Federal Reserve. The Fed opted to hike rates by 75 basis points (bps) during its latest policy meeting, with BTC/USD rising to $22,868.92…

Deu ruim na rede ethereum. Você deve se preocupar?

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DeFi Protocol Inverse Finance Exploited for $1.2M

Blockchain data apparently shows the exploiters flash borrowed over 27,000 wrapped bitcoin from lending protocol Aave to conduct the attack. The funds were routed through swap service Curve for various stablecoins before being used to remove DOLA, a stablecoin, from Inverse Finance pools. Source

Huobi to permanently shut crypto operations in Thailand

Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regulations. The permanent closure orders come nearly eight months after the regulators suspended the exchange’s services in September. The exchange claimed it has tried to fix the regulatory issues but would have to wind down operations owing to SEC orders. “Due to the SEC decision, Huobi Thailand is…

Shiba Inu Ranks No. 1 In List Of Coins Americans Want To Sell, Survey Shows

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Dog-themed coin Shiba Inu never fails to make noise. With the gripping crypto market crash happening, majority of American investors have hit the panic button and consider selling their digital assets – at which SHIB happens to top the list. Different states in the US such as New York, Florida, Tennessee, and Nevada are looking for many ways to sell their SHIB. The “king” of cryptocurrencies, Bitcoin, is trying to hold on to dear life and stay above the critical level of $20K. Many investors in over 17 US states…