Tag: News

Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July – Markets and Prices Bitcoin News

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The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low Can the Crypto Economy Go? It hasn’t been a great week for crypto assets, as the top ten digital currencies are down between 4% to 15% during the last seven days. Bitcoin (BTC) has lost…

Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout – Defi Bitcoin News

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While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and the combined value of all the smart contract tokens lost 8.2% during the last 24 hours. Bear Market Shreds Defi — TVL Down Over 7% This Month, Smart Contracts Coins Lose Significant Value Over the…

NXTT’s New Roadmap Looks Set to Strike Through the Bear Market – Sponsored Bitcoin News

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sponsored Next Earth, the virtual replica of Earth and now the third-largest metaverse, has remained resilient amidst a brutal bear market that has seen the value of almost everything drop precipitiously. Now, Next Earth is putting even more focus on its NXTT token to support a rally against the bear market. The company has announced a new roadmap that includes several key milestones for the end of June, July, August, and beyond. New Roadmap to Strengthen NXTT This month, Next Earth will release the next iteration of its metaverse project…

US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’ – Economics Bitcoin News

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After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year earlier, as the month of May’s inflation data reached another lifetime high. CPI Data From May Shows Inflation Has Not Peaked The U.S. economy doesn’t look so hot these days and after shutting down the economy over a respiratory virus and printing trillions of dollars in…

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WAVES, NEAR Hit Multi-Week Lows on Saturday – Market Updates Bitcoin News

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NEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES was also lower during Saturday’s session, falling by as much as 14%. Overall, crypto markets are down nearly 5% as of writing. Near Protocol (NEAR) NEAR was one of the most notable movers to start the weekend, as prices fell by over 10% on Saturday. Following a peak of $5.03 on Friday, NEAR/USD has so far slipped to an intraday low of $4.38 in today’s session This drop saw prices fall…

ETH Falls to 15-Month Low to Start the Weekend – Market Updates Bitcoin News

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Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report. Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had expected. As such, investors seem to have panicked, and…

Mars4 Metaverse is Selling Fast in Japan – Sponsored Bitcoin News

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sponsored The cryptocurrency market is stagnant. Investors are cautious and hesitant to make investments. Some initiatives, however, thrive even in such circumstances: Mars4, a play-to-earn project, has seen an upsurge in NFT sales. Mars4 is growing thanks to scheduled releases (such as a game demo) and some help from Japanese KOLs. Mars4, a metaverse game, has been generating increased sales in the first weeks of June. Mars4’s use of a regional marketing strategy has seen the majority of the sales come from Japan. In collaboration with KOLs such as Daisuke…

Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News

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A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in Nigeria has convicted a man accused of using a bogus cryptocurrency platform to defraud $680 from an unsuspecting investor, a report has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC)…

Felix Capital Raises $600 Million to Grow Web3 Exposure – Bitcoin News

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Felix Capital, a London-based VC company, has raised $600 million in its fourth fundraising round, this being its biggest yet. The company, which has been investing in commerce and money-tooling startups, is planning to use part of the funds raised to increase its Web3 exposure as part of its new business strategy. Felix Capital Includes Web3 in Business Plan Venture capital firms from all over the world are now turning their eyes to Web3, a new field that intertwines the internet and crypto. One such firm has been…