Social media giant Meta has started testing NFT integrations with a selected group of creators in the United States. Source
Meta Begins Testing NFT Integration on Facebook
Day: July 1, 2022
BTC Rebounds on Friday, Following a Drop Below $19,000 – Market Updates Bitcoin News
Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally higher on Friday, as markets rebounded following a bearish session on Thursday. Despite a heightened level of volatility, the world’s largest crypto token climbed to an intraday peak of $20,632.67 earlier today. This comes less than 24-hours after prices fell to a bottom of $18,729.66,…
Shiba Inu (SHIB) Shines Green In Pool Of Crimson – Who’s Buying?
On Friday, the price of Shiba Inu (SHIB) increased, despite the fact that the rest of the cryptocurrency market is suffering significant losses because of a prolonged unfavorable trend. Apparently, the dog-themed coin’s price has risen 3.74 percent in the last 24 hours and is presently trading at $0.0000001026, leading the market in daily advances among the top 100 cryptocurrencies by market capitalization, according to statistics from CoinMarketCap. Bears have successfully knocked the price of Bitcoin (BTC) below the $20,000 threshold, diminishing market recovery hopes. Suggested Reading | Bitcoin Slides Under $20K…
BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report
Where FTX’s reported offer is for a full acquisition, Ledn’s involves a fresh funding round, according to the report, which cited people with knowledge of the matter. This funding would supposedly be for up to $400 million, and include $50 million in equity, giving Ledn a sizable ownership stake in BlockFi. Source
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Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital
Cryptocurrency staking and yield generation platform Finblox increased a $1,500 cap on withdrawals as it deals with the fallout from its exposure to Three Arrow Capital. Source
51% of Survey Respondents Have Completed a Cryptocurrency Transaction in Latam – Bitcoin News
A new report issued by Mastercard, the payment processing giant, has found that most consumers in Latam have knowledge of what cryptocurrency is. The report states that more than half of the consumers in Latam have at least made a transaction involving cryptocurrency. Also, a third of the surveyed declared having used a stablecoin to make a payment. Mastercard Report Finds Latam Is Fertile Ground for Payment Digitization A report issued recently by Mastercard has revealed that Latam is fertile ground when it comes to adopting new payment…
Bank of America Customers’ Crypto Activity Slowed as Market Slid
For one-third of clients that were conducting crypto transactions, the data show only a single transaction, generally for smaller amounts. They account for only 5% of the dollar value of crypto transactions. A considerable 69% of clients who transacted in cryptocurrencies during the Covid-19 pandemic are no longer active, the report added. Source
Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid
Community investing protocol BnkToTheFuture put forth three proposals in a bid to save Celsius from going under. Original
Deutsche Bank analysts see Bitcoin recovering to $28K by December
Analysts from Deutsche Bank forecast Bitcoin (BTC) rebounding to $28,000 by December 2022 as the cryptocurrency market continues to grapple with gloomy times. Bitcoin and the wider cryptocurrency markets have endured a tough six months, with the value of BTC, in particular, enduring its worst quarter in 10 years. Macroeconomic conditions around the world have played a role, with stagnating markets and fears of inflation driving conventional stock markets and their crypto-counterparts down to painful lows. A report from Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova provides an interesting…