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June 2022

Cryptos See Over B in Liquidations as Bitcoin, Ether Lose Major Support Levels

Cryptos See Over $1B in Liquidations as Bitcoin, Ether Lose Major Support Levels

Leave a Comment / Bitcoin News /

Bitcoin lost the $25,000 level, while ether briefly slid to nearly $1,200. Crypto-tracked futures lost over $1 billion in the past 24 hours, weighed down by a weak sentiment for bitcoin and other cryptocurrencies amid a weak global economic outlook, data shows. Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial […]

Cryptos See Over $1B in Liquidations as Bitcoin, Ether Lose Major Support Levels Read More »

MICROSTRATEGY CEO SHEDS MARGIN CALL WOES AS BITCOIN NEARS ,000

MICROSTRATEGY CEO SHEDS MARGIN CALL WOES AS BITCOIN NEARS $21,000

Leave a Comment / Bitcoin News /

Michael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan. Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.” MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and

MICROSTRATEGY CEO SHEDS MARGIN CALL WOES AS BITCOIN NEARS $21,000 Read More »

BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin

BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin

Leave a Comment / Stablecoins /

Crypto exchange BTSE has become the first crypto exchange to offer perpetual futures trading for the world’s newest stablecoin, US Decentralized (USDD). According to a press release, BTSE’s offerings in its Futures feature, including perpetual futures for USDD, may appeal more to experienced traders. However, for less advanced users, BTSE provides a collection of resources

BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin Read More »

Co-Founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously

Co-Founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously

Leave a Comment / Metaverse /

Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what nascent technologies such as crypto, NFTs, and the metaverse are offering. Englebienne explained that these new technologies might disrupt the operations of existing businesses, and that some time might need to be invested to understand these

Co-Founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously Read More »

Google offers to let ad rivals place YouTube ads in EU antitrust probe

Google offers to let ad rivals place YouTube ads in EU antitrust probe

Leave a Comment / Business /

KEY POINTS The European Commission opened a probe last year to examine whether Google was giving itself an unfair advantage in digital advertising by restricting rivals’ and advertisers’ access to user data. Google has been discussing remedies with the commission since last year in a bid to avert a fine that could reach 10% of

Google offers to let ad rivals place YouTube ads in EU antitrust probe Read More »

BITCOIN FALLS BELOW K, CELSIUS NETWORK PAUSES WITHDRAWALS

BITCOIN FALLS BELOW $23K, CELSIUS NETWORK PAUSES WITHDRAWALS

Leave a Comment / Bitcoin News /

The price of bitcoin fell in response to Celsius Network pausing all transactions off-platform in response to a liquidity crisis and other market disruptions. Bitcoin is down 67% from its all time high of $69,000. Intensifying market fears amid heightened levels of inflation paired failing institutions are driving price action. Celsius Network paused all withdrawals,

BITCOIN FALLS BELOW $23K, CELSIUS NETWORK PAUSES WITHDRAWALS Read More »

Binance.US Accused of Misleading Investors in Class-Action Lawsuit Over Terra

Binance.US Accused of Misleading Investors in Class-Action Lawsuit Over Terra

Leave a Comment / CeFi News /

More than 2,000 investors are a part of the class-action lawsuit. “Those of you waiting for the earth to become unstable – I’m afraid you will be waiting until the age of men expires.” These confident words tweeted by Terra blockchain founder Do Kwon sought to convince crypto investors to put their trust (and money) into terraUSD

Binance.US Accused of Misleading Investors in Class-Action Lawsuit Over Terra Read More »

Tether: Celsius crisis has no impact on USDT reserves

Tether: Celsius crisis has no impact on USDT reserves

Leave a Comment / Stablecoins /

The USDT stablecoin issuer, Tether, denies any correlation between its investment in Celsius and its reserves or stability. The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due

Tether: Celsius crisis has no impact on USDT reserves Read More »

Coin Center Sues IRS For Unconstitutional Tax Reporting Rules

Coin Center Sues IRS For Unconstitutional Tax Reporting Rules

Leave a Comment / Cryptocurrency, Regulation /

Coin Center, a Washington DC-based Not-for-Profit organization with a focus on crypto policies, has filed a lawsuit against the United States Treasury and the Internal Revenue Service (IRS) for a tax reporting requirement it wants to pass into law. Coin Center said the reporting requirement as detailed in the “Infrastructure Investment and Jobs Act” will require users to report

Coin Center Sues IRS For Unconstitutional Tax Reporting Rules Read More »

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