Month: July 2022

Ethereumโ€™s failure to close above $1.3K prompts analysts to predict more downside

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The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on theย Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a high near $1,280 on July 8 but has since trended down to hit a daily low of 1,153 on July 10. ETH/USDT 1-day chart. Source: TradingView With the Ethereum network nearing the home stretch in…

A brief history of Bitcoin crashes and bear markets: 2009โ€“2022

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Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesnโ€™t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto winters since the first Bitcoin block, or the…

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law โ€“ Regulation Bitcoin News

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New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the regionโ€™s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With Financial Industry Amendments designed to govern the cryptocurrency market in Hong Kong have been presented to the members of the Legislative Council of Chinaโ€™s special administrative region. The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill…

Top 10 BEST CRYPTOCURRENCY to Invest In For Beginners (2022)

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Top 5 cryptocurrencies to watch this week: BTC, UNI, ICP, AAVE, QNT

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Bitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside. Bitcoin (BTC) has given up ground over the weekend as investors remain cautious about the United States consumer inflation data to be released on July 13. Analysts anticipate Juneโ€™s consumer price index to be higher than Mayโ€™s 8.6% level. Due to the macro uncertainty, investors are not confident that Bitcoinโ€™s correction is over. However, Fidelity Investmentsโ€™ director of global macro Jurrien Timmer said that Bitcoin is…

Bitcoin sinks to $19,000, SEC rejects spot ETF, and FTX nears deal to buy BlockFi: CNBC Crypto World

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at whatโ€™s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On todayโ€™s show, Anthony Georgiades, general partner at Innovating Capital, discusses cryptoโ€™s performance in the first half of 2022, his outlook for the rest of the year and more. 00:00 – CNBC Crypto World, June 30, 2022 0:23 – Bitcoin sinks to $19,000 0:41 –…

Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide โ€“ Exchanges Bitcoin News

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Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as thereโ€™s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoinโ€™s โ€œweak price-action through June, bitcoin has been withdrawn from exchanges at the most aggressive rate in history.โ€ Bitcoin Reserves on Exchanges Decline From an Aggressive Number of Withdrawals At 2:00 p.m. (ET) on Sunday afternoon, bitcoinโ€™s (BTC) 24-hour…

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MAYA PREFERRED – More secure investment in Blockchain! – #Crypto #NFT #Metaverse | Crypto Wise

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