Month: June 2022

Celsius’ crisis exposes problems of low liquidity in bear markets

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After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter Spaces and ask-me-anything (AMA) sessions “to focus on navigating these unprecedented challenges.” Although Celsius has refrained from communication, media and social media have been buzzing with news and speculation going on around the past, present…

ETH Down, as Two-Day Winning Streak Ends on Hump Day – Market Updates Bitcoin News

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Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark. Bitcoin Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace. BTC/USD is down by nearly 3% as of writing, after hitting an intraday low of $20,045.63 earlier in today’s session. This move comes after prices failed to sustain a breakout of yesterday’s resistance level at…

Binance-owned Trust Wallet adds buy option via Binance Connect

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Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect with a plan to gradually enable users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on Wednesday. Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40…

Dubai Crypto Expo 2022 | Cryptocurrency Event Dubai

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Bitcoin Steady Above $20K After Drop To $17K

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After a weekend in which Bitcoin (BTC) experienced realized losses to the tune of $7.3 billion, the largest cryptocurrency has erased all weekend losses and is up over 8 percent to $21,206 in the last 24 hours. Bitcoin has risen almost 22 percent since Saturday’s low of $17,592, and is currently trading around $21,000. The BTC price increased more than 4 percent to $20,882, Coin Metrics data showed Tuesday. Over the weekend, Bitcoin reached a low of $17,959. It had not been lower since December 2020. On Wednesday, Bitcoin climbed after a…

Chainalysis Launches 24/7 Hotline for Crypto Crime Victims

The Crypto Incident Response hotline will function 24/7, and victims will be paired with a team of investigators from Chainalysis who will trace and label the funds in Chainalysis’ program. If funds have already been transferred or stolen, the Chainalysis team will “help liaise with law enforcement and asset recovery counsel.” Source