Month: July 2022

EURST Creator Simone Mazzuca Explains What Differentiates It From Other Stablecoins and Why It Is Here to Stay – Interview Bitcoin News

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Simone Mazzuca is the creator of EURST – the first representative euro stablecoin, 100% asset backed with US Dollars and live audited. EURST is providing one of the most secure and reliable stablecoin structures on the euro market to serve as a bridge to the digital economy. Mr. Simone Mazzuca is the Director and Founder of the Wallex group and the creator of EURST. He recently joined the Bitcoin.com News Podcast to talk about the current state of stablecoins including such topics as regulations, integration with the banking systems, CBDCs…

Domino Effect On Stablecoins Leads To Reversal Of Growth Trend

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The crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven for investors when it comes to the high volatility of the crypto market had seen a drawdown coming into the new year. As a result of this, for the first time, these stablecoins are now seeing a reversal of their otherwise bullish growth trend over the last couple of years. Stablecoins See Market Cap Plummet Stablecoins had grown tremendously throughout…

Bitcoin Shoots Up Above $24,000 As Index Show Investors Are Focusing On A Breakout

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On Wednesday, Bitcoin surpassed $24,000 amid a broader recovery in the cryptocurrency sector, which has seen the global market valuation reach $1 trillion. Over the last seven days, the leading cryptocurrency has surged by more than 23%. Bitcoin Pumps Past $24k Threshold The bull run barely got started. For the first time in more than a month, Bitcoin exceeded the $24,000 threshold. Investors can exhale with relief after nearly three months of “extreme fear.” On Wednesday, BTC reached a record high of $24,120, increasing by 8% in only one day…

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Tesla Ruins Bitcoin Rally? Musk’s Company Sold 75% Of Its BTC

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Bitcoin has lost some of its gains as news about Tesla’s earnings report is published. The Elon Musk-led company revealed that it sold 75% of its BTC holding at a 9% loss over Q2, 2022. Related Reading | Short Positions Over $165 Million Get Liquidated Following The Bitcoin And Ethereum Uptrend According to the reports, the company has converted its Bitcoin holdings into fiat currency. In consequence, Bitcoin was rejected close to the $24,000 price point and now trades at $23,100 with a 2% loss over the past hour. BTC’s price…

Bitcoin price dips under $23K after earnings report reveals Tesla sold 75% of its BTC

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“Easy come, easy go” was the story on July 20. The day started on a positive note with Bitcoin (BTC) climbing above $24,300, only to end the official trading day in the red after less than stellar Q2 earning news showed Tesla sold 75% of its Bitcoin and Minecraft creator Mojang Studios reversed course by deciding to ban NFTs on its platform. Daily cryptocurrency market performance. Source: Coin360 A potential source of the afternoon downturn can be traced to Tesla’s Q2 earnings data, which showed that the electric car company sold…

FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost – Featured Bitcoin News

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The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency. FBI’s Crypto App Warning The cyber division of the Federal Bureau of Investigation (FBI) issued a notice Monday warning investors and financial institutions about fraudulent cryptocurrency applications. The notice states: The FBI is warning financial institutions and investors about cyber criminals creating fraudulent cryptocurrency investment applications (apps) to defraud…

Crypto Lender Vauld Files for Protection From Creditors

The crypto lender – which counts Peter Thiel, Pantera Capital, and Coinbase Ventures among its investors – owes $402 million to its creditors, with 90% of that debt originating from individual retail investor deposits, a July 8 affidavit filed by Vauld co-founder and CEO Darshan Bathija revealed. Source

SEC Rejects Bitcoin Spot ETF Again! Is The SEC RIGHT?! – Coffee N Crypto LIVE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The USA is usually first to grant its citizenry new freedoms but in the case of a Bitcoin spot ETF The USA could be dead last. That is, if it’s financial regulatory body the Securities and Exchange Commission can’t get its act together to allow the bitcoin spot ETF that has been submitted by Grayscale. JOIN THE CLUB! Use our link to get a $100 funding reward! Check out ITRUSTCAPITAL! Sign up for LUX ALGO using this link: Use Coupon Code: JEBB…