Day: July 18, 2022

Bank of Spain Worried About Inflation and Its Consequences in Latam – Economics Bitcoin News

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The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. Bank of Spain Report Founds Latam Is Still Vulnerable The Bank of Spain has recently issued a report where it examines the economic situation that Latam as a whole is going through after the…

Gemini cuts more staff as many crypto prices increase: Report

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Cameron and Tyler Winklevoss’ Gemini has reportedly laid off additional staff more than a month after reports suggested the cryptocurrency exchange cut 10% of its employees. In a Monday report from TechCrunch, the news outlet said that a source close to Gemini reported 68 fewer employees on the company’s Slack channel, suggesting the crypto exchange had cut roughly 7% of its more than 1,000 staff. The unnamed source claimed that Gemini continued laying off employees as part of “extreme cost-cutting.” Crypto exchange Gemini executes second round of layoffs less than…

Bitcoin Breaks Above Realized Price Again, Bottom Finally In?

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Data shows Bitcoin has broken above the realized price once again as the crypto surges to $22k. Will the recovery hold this time? Bitcoin Makes 2nd Attempt To Break Above Realized Price In 10 Days As pointed out by an analyst in a CryptoQuant post, BTC may be finally shooting above the realized price again after spending 33 days below the level in total. To understand what the “realized price” is, it’s best to first take a look at a quick explanation of the two main capitalization methods for Bitcoin.…

Russian Activists Turn to Crypto for Donations to Aid Ukraine Refugees

There is another reason crypto might be preferable for Russians willing to help Ukrainians, said Vlad, a volunteer for Ethos, a fund created by Russian expats that helps refugees rent apartments in Armenia and gives away things like medicine and hygiene products. Ethos is raising money in bitcoin, ether, tron, BNB and USDT. According to the blockchain data, so far, about $1,100 in USDT has been raised. Source

Crypto Exchange Binance Faces Fine From Dutch Central Bank for Allegedly Operating in Country Without Permission

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The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category.  This means that the administrative fine has a basic amount of EUR 2,000,000, a minimum amount of EUR 0 and a maximum amount of EUR 4,000,000.” The Dutch central bank is fining Binance 3.3 million…

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

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Bitcoin (BTC) rose above $22,000 and Ether (ETH) traded above $1,500 on July 18, indicating that bulls are gradually returning to the cryptocurrency markets. This pushed the total crypto market capitalization above $1 trillion for the first time since June 13, raising hopes that the worst of the bear market may be behind us. In another positive sign, more than 80% of the total Bitcoin supply denominated in the United States dollar has been dormant for at least three months, according to crypto intelligence firm Glassnode. During previous bear markets,…