‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week
The holiday weekend is making everyone nervous as BTC price action hovers at $19,000. Go to Source Powered by WPeMatico
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Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers … Read more
Bitcoin nears worst monthly losses since 2011 with BTC price at $19K
Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000. Go to Source Powered by WPeMatico
Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
LUNA2 may have bottomed in June but who just who is buying this controversial token? Go to Source Powered by WPeMatico
More ‘forced selling’ ahead’? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever
The shocking Bitcoin withdrawals appeared as BTC’s extended its decline below $20,000 over the weekend. Go to Source Powered by WPeMatico
Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. Go to Source Powered by WPeMatico
Tether aims to decrease commercial paper backing of USDT to zero
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. Go to Source Powered by WPeMatico
Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate
Global financial markets and crypto sold-off after today’s 8.6% CPI print showed inflation remains a persistent challenge. Go to Source Powered by WPeMatico
5 reasons why Bitcoin could be a better long-term investment than gold
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? Go to Source Powered by WPeMatico
Draft bill to ban China’s digital yuan from US app stores
Three Republican senators introduced a bill to protect Americans from the “Authoritarian Digital Currencies Act.” Go to Source Powered by WPeMatico