Cryptocurrency news

• Is Flow a better buy than Cardano today?

  28-06-2022 23:19 via coinjournal.net
  
  From a technical analysis perspective, FLOW is a better bet short term
  Key points:
  The overall cryptocurrency market is bearish, but in the short term, some coins have good prospects.
  FLOW is one of the cryptocurrencies that currently have strong buying volumes and are promising in the short term.
  Cardano is bearish short-term but has the fundamentals to gain long-term value.
  The cryptocurrency market is bearish at the moment, so everything is in the red. While buying any top crypto today has si
  
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• Ethereum L2’s to keep an eye on in July

  28-06-2022 23:13 via coinjournal.net
  
  Polygon and Loopring are gaining upside momentum ahead of the Ethereum merge.
  Key points:
  Polygon is trading sideways as the rest of the market drops, indicating buyers are still in the market.
  Loopring is making a V-shaped recovery, indicating that bulls are entering the market ahead of the Ethereum merge.
  Both Polygon and Loopring have strong odds for growth over and above hype around the Ethereum merge. 
  Ethereum ETH/USD is in the process of an upgrade to Ethereum 2.0. According to tweet
  
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• Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize

  28-06-2022 23:00 via cointelegraph.com
  
  The bear market is affecting all segments of the crypto industry, including Bitcoin miners, which have seen their revenues decline sharply this year.
  
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• Uniswap offers short-term buy opportunities at $4.7

  28-06-2022 22:53 via coinjournal.net
  
  Uniswap’s token has almost doubled its price in less than a month.
  The crypto token is trading past a support zone and is retreating.
  Investors should look for a buying opportunity at suitable support, preferably at $4.7.
  Uniswap’s UNI/USD has successfully recovered from the oversold bottom of $3.40. The cryptocurrency is trading at $5.19, retracing from a high of above $6.0 reached on June 26. The latest high implies that Uniswap has almost doubled its price in less than a month.
  Un
  
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• Should you buy Polygon’s MATIC after posting 27% in 7 days?

  28-06-2022 22:47 via coinjournal.net
  
  Polygon’s token has gained 27% in 7 days
  The network achieved carbon neutrality recently
  MATIC, the native token, is trying to find support after hitting resistance
  In this bear crypto market, finding a token with double-digit returns in a week is challenging. However, Polygon’s MATIC/USD has gained 27% in that period. The returns do not suggest that the cryptocurrency is now in bullish momentum. However, it does point out that investors, especially those trading in the short term, s
  
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• Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K

  28-06-2022 22:41 via cointelegraph.com
  
  On-chain and technical analysis indicators suggest BTC price may have bottomed, but several traders are still wary that price could fall as low as $10,000 in the short-term.
  
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• Dogecoin could rally by at least 40% this week

  28-06-2022 22:32 via coinjournal.net
  
  Dogecoin has reported a strong rally over the past 7 days. The coin is up by around 20%. It is also the best performing coin among the top 10 most valuable cryptocurrencies. Despite this, DOGE has reached an important transition point. How the coin performs from here on will determine how far the recent uptrend will go. More on this below but first, here are some highlights:
  DOGE is testing its 35-day EMA resistance of around $0.0735.
  The coin is aiming to reclaim the $0.082 support in the comin
  
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• That's 'Sir' Crypto Dad: French order knights former CFTC chair Chris Giancarlo

  28-06-2022 22:30 via cointelegraph.com
  
  The first of his name, king of the punks and the first regulators, protector of the seven tokens, the keeper of the great CBDC, the breaker of blockchains and father of crypto.
  
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• What does Three Arrows Capital demise mean for the crypto universe?

  28-06-2022 22:23 via coinjournal.net
  
  Crypto hedge fund Three Arrows Capital (3AC) has had its goose finally cooked after failing to repay a $670 million loan owed to crypto brokerage firm Voyager Capital.
  But while what looks like a final nail has been hooked in place by Voyager via its notice of default issued on Monday, 3AC was already massively hit by the collapse of the Terra Luna cryptocurrency last month.
  Failure to meet a margin call also saw crypto lender BlockFi liquidate the company’s assets – one among multip
  
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• Russian Duma passes bill to remove VAT, lower income tax rates on digital asset sales

  28-06-2022 22:15 via cointelegraph.com
  
  Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.
  
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• Cryptocurrency is an enabler of cybercrime, says Sygnia exec Guy Segal - Digital Nation

  28-06-2022 22:00 via itnews.com.au
  
  Cryptocurrency is an enabler of cybercrime, says Sygnia exec Guy Segal  Digital Nation
  
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• Snoop Dogg: ‘crypto will last forever’

  28-06-2022 21:30 via coinjournal.net
  
  Rapper Snoop Dogg, one of the biggest celebrity personalities with a bullish outlook on the crypto and Web3 space, says the current “crypto winter” has been tough on investors as well as projects and companies.
  But he believes the tough market conditions will pass and that crypto is here to stay.
  The rapper made his comments during an interview with CNBC on Tuesday, where he discussed NFTs and their place in the music industry. Also on the “Crypto World” show wa
  
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• Switzerland-based crypto mining firm expands operations to Texas

  28-06-2022 21:20 via cointelegraph.com
  
  The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s.
  
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• Bitcoin “Reserve Risk” Metric Approaches All-Time Lows

  28-06-2022 21:00 via newsbtc.com
  
  Data shows the Bitcoin “reserve risk” indicator has recently plunged down and is now reaching all-time lows only seen back in 2015 bear and the March 2020 COVID crash.
  Bitcoin Reserve Risk Suggests HODLing Relative To Price Is Strong
  According to the latest weekly report from Glassnode, BTC investors have been holding strong onto their coins despite the large decline in the crypto’s price recently.
  Before looking at what the “reserve risk” indicator does, it’s
  
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• Scott Melker: Gary Gensler was ‘very careful with his words’

  28-06-2022 20:39 via coinjournal.net
  
  Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC) said in a CNBC interview on Monday that Bitcoin (BTC) was a commodity.
  Clearly, Gensler did not mention Ethereum (ETH), the second largest cryptocurrency by market cap. But did he say that Bitcoin was the “only commodity” in crypto?
  Scott Melker aka ‘The Wolf of All Streets’ says the SEC chief did not make such a specification and that he was “very careful with his words.”
  Recap of Gary
  
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• Are custodied crypto funds at risk? Industry veterans explain

  28-06-2022 20:15 via cointelegraph.com
  
  Investments under custody are usually very safe, until the accountability of the custodian is called into question.
  
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• ‘Unique phenomenon’: All 5B toncoins mined on PoS TON blockchain

  28-06-2022 19:30 via cointelegraph.com
  
  The TON blockchain has always been Proof-of-Stake, while the mining of toncoin began “spontaneously and randomly” in 2020, according to the TON Foundation.
  
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• Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’

  28-06-2022 19:30 via cointelegraph.com
  
  To mine, or not to mine, that is the question. Professional Bitcoin miners discuss the nuance of BTC mining and whether now is a good time to get started.
  
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• Why Crypto Is “Likely To Dump” As It Lags The S&P 500, Expert Says

  28-06-2022 19:20 via newsbtc.com
  
  Bitcoin remains stuck at its current levels. The number one cryptocurrency has been unable to push upwards and could be in danger of revisiting its yearly lows.
  Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? 
  At the time of writing, Bitcoin trades at $20,700 with sideways movement in the last 24 hours and the past week.
  BTC’s price moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
  According to crypto analyst J
  
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• Pro: Tencent’s jump into the metaverse ‘is significant’

  28-06-2022 19:15 via coinjournal.net
  
  Chinese tech giant Tencent’s recent move to establish an ‘extended reality’ unit targeting a deep dive into the metaverse is a very significant one, Marcus Sotiriou, an analyst at digital asset platform GlobalBlock says.
  Tencent is reportedly eyeing a metaverse-focused division, with an all-in-one unit that would cut across all the aspects of the technology, including hardware and software.
  The Chinese firm’s plan to have over 300 employees in the division clearly signals
  
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• Cryptocurrency data provider Kaiko closes $53M investment - SiliconANGLE News

  28-06-2022 19:13 via siliconangle.com
  
  Cryptocurrency data provider Kaiko closes $53M investment  SiliconANGLE News
  
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• Cryptocurrency mining opponents push for ban in New York - 13WHAM-TV

  28-06-2022 19:03 via 13wham.com
  Cryptocurrency mining opponents push for ban in New York  13WHAM-TV
  
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• Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming?

  28-06-2022 19:00 via newsbtc.com
  
  Outflows have been the order of the day since the price of cryptocurrencies such as Bitcoin had begun to crash. The same sentiment had spread through individual as well as institutional investors, leading to massive sell-offs in the space. Despite the price of bitcoin recovering in recent times, it seems that the sellers are not done just yet as outflows had ramped up over the last week.
  $453 Million Leaves Bitcoin
  Bitcoin had been seeing a reversal trend with inflows coming in for the prior wee
  
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• How crypto is attracting some institutional investors — Huobi Global sales head

  28-06-2022 18:45 via cointelegraph.com
  
  “I think everyone is in agreement now that crypto is going to be around for the long term,” said James Hume.
  
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• Can Cardano's July hard fork prevent ADA price from plunging 60%?

  28-06-2022 18:34 via cointelegraph.com
  
  ADA's price is above a key technical support level in the days leading up to the major Cardano upgrade.
  
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• Fetch.ai Announces DabbaFlow, A File Sharing and Data Management Platform

  28-06-2022 18:22 via newsbtc.com
  
  Fetch.ai, the development team building an open-source, machine learning-powered network for smart infrastructure and customizable dApps, has launched DabbaFlow.
  In a press release, Fetch.ai said the ready-made and end-to-end encrypted file-sharing system is the first of its kind and would empower businesses and entities to take control of their data privately and securely. Notably, DabbaFlow leverages the benefits of the Fetch.ai blockchain to ensure privacy preservation of all sensitive data t
  
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• Must staking and liquidity pool lock-ups change to see crypto mass adoption?

  28-06-2022 18:14 via cointelegraph.com
  
  Will the wave of lending protocols struggling in the bear market stimulate the development of alternative solutions to create more sustainable investment opportunities?
  
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• Tuberville: 401(k) retirement plans should be able to invest in cryptocurrency - AL.com

  28-06-2022 18:02 via al.com
  
  Tuberville: 401(k) retirement plans should be able to invest in cryptocurrency  AL.com
  
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• Morocco's Central Bank to Introduce Cryptocurrency Regulation Soon - CoinQuora - Live Crypto News

  28-06-2022 17:51 via coinquora.com
  
  Morocco's Central Bank to Introduce Cryptocurrency Regulation Soon  CoinQuora - Live Crypto News
  
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• Different this time? 'Almost all' Bitcoin metrics are now hinting at a price bottom

  28-06-2022 16:47 via cointelegraph.com
  
  Current BTC price levels are being keenly eyed as a prime site for a macro Bitcoin price trend reversal.
  
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• Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocurrencies

  28-06-2022 16:30 via newsbtc.com
  
  According to the details, this year’s bearish market trend is the worst in history for BTC and other coins. It records many BTC traders engaging in panic sell-offs even with losses to ensure they are not drowned.
  Volatility is one attribute that marks digital currencies. Unfortunately, it’s a trend that could cause most inexperienced investors to suffer huge losses of funds with their crypto holdings. In most cases, many issues could trigger a bear market. Though some experienced pla
  
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• Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocoins

  28-06-2022 16:30 via newsbtc.com
  
  According to the details, this year’s bearish market trend is the worst in history for BTC and other coins. It records many BTC traders engaging in panic sell-offs even with losses to ensure they are not drowned.
  Volatility is one attribute that marks digital currencies. Unfortunately, it’s a trend that could cause most inexperienced investors to suffer huge losses of funds with their crypto holdings. In most cases, many issues could trigger a bear market. Though some experienced pla
  
  Read more

• Zach Bronstein, 32, champion of cryptocurrency philanthropy - JTA News - Jewish Telegraphic Agency

  28-06-2022 16:06 via jta.org
  
  Zach Bronstein, 32, champion of cryptocurrency philanthropy  JTA News - Jewish Telegraphic Agency
  
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• ECB exclusive: Crypto payments 'not currently cost effective,' Amex exec says

  28-06-2022 15:08 via cointelegraph.com
  
  The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.
  
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• KPMG enters the metaverse, invests $30M in Web3 employee training

  28-06-2022 14:57 via cointelegraph.com
  
  The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services.
  
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• Celebrity-Endorsed Crypto Scams Soaring in UK, Santander Says - Bloomberg

  28-06-2022 14:20 via bloomberg.com
  Celebrity-Endorsed Crypto Scams Soaring in UK, Santander Says  Bloomberg
  
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• SOL price eyes 75% rally as Solana paints a bullish reversal pattern

  28-06-2022 14:06 via cointelegraph.com
  
  SOL's interim upside target is near $47, up about 20% from its current price.
  
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• Exclusive: BitDegree CEO says traditional finance 'won't exist' without cryptocurrency - Finbold - Finance in Bold

  28-06-2022 13:59 via finbold.com
  
  Exclusive: BitDegree CEO says traditional finance 'won't exist' without cryptocurrency  Finbold - Finance in Bold
  
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• Crypto Tax: Who will deduct 1% TDS from July 1 – buyer or cryptocurrency exchange? - The Financial Express

  28-06-2022 13:28 via financialexpress.com
  
  Crypto Tax: Who will deduct 1% TDS from July 1 – buyer or cryptocurrency exchange?  The Financial Express
  
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• Crypto more popular than mutual funds among millennials, survey shows

  28-06-2022 13:10 via cointelegraph.com
  
  The report “How Millennials See Their Financial Future” reveals that 40% of millennial survey participants have invested in crypto.
  
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• Crypto more popular among millennials than mutual funds, survey shows

  28-06-2022 13:10 via cointelegraph.com
  
  The report titled “How Millennials See Their Financial Future” showed that 40% of millennial survey participants have invested in crypto.
  
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• LUNA2 Recovers 70% In Nine Days From Historic Lows

  28-06-2022 12:30 via newsbtc.com
  
  The company behind TerraUSD and Luna, which sparked a crypto market collapse last month, launched a new coin. However, it is now developing actively. For example, nine days after falling to an all-time low of $1.62, the price of Terra’s freshly minted new token (LUNA2) increased significantly.
  Regarding recovery from the previous low, LUNA2’s pricing on June 27 reached $2.77, or a 70% increase. Nevertheless, the token is trading almost 77% below its May 30 historical high of $12.24.
  
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• 3 charts showing this Bitcoin price drop is unlike summer 2021

  28-06-2022 12:28 via cointelegraph.com
  
  Bitcoin looks like a different planet this year, according to several popular on-chain metrics.
  
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• Not the best week for crypto lending: Law Decoded, June 20-27

  28-06-2022 12:20 via cointelegraph.com
  
  The Celsium failure continues to draw attention to the lending issues from regulators and community.
  
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• Uzbekistan warms up to Bitcoin mining, but there's a catch

  28-06-2022 11:17 via cointelegraph.com
  
  The executive order spares all the mined assets from taxation and bans mining anonymous currencies.
  
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• Celsius denies allegations on Alex Mashinsky trying to flee US

  28-06-2022 10:41 via cointelegraph.com
  
  Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed.
  
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• Celsius denies allegations of Alex Mashinsky trying to flee US

  28-06-2022 10:41 via cointelegraph.com
  
  Celsius CEO Alex Mashinsky didn't try to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company claimed.
  
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• Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K

  28-06-2022 10:34 via cointelegraph.com
  The key to survival for Bitcoin miners boils down to the delicate balance between the revenue and the operating cash flow.
  
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• What Is Play-and-Earn by BeaRex and Why It Is Revolutionary for GameFi

  28-06-2022 08:59 via newsbtc.com
  
  BeaRex has kicked off a new era for GameFi fans: the Play-and-Earn era (P&E). This approach takes into account the interests of all participants in the blockchain gaming ecosystem: those who want to play for money, as well as those who just play for fun. After all, the cheerful 2D runner was primarily created so that players could enjoy themselves in its universe, and if they can earn money from their skills and acquire resources in the process, all the better! In this article, we explain wh
  
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• More security, transparency, and scalability: What blockchain needs for mass adoption

  28-06-2022 08:21 via newsbtc.com
  
  In February 2022, the Ukrainian government ran a crypto donation campaign to support victims of the Russian invasion. When the nation tried to reward those who had contributed to the fundraiser by sending crypto wallet holders complimentary NFTs, a slew of scammers took advantage of the government’s generosity, causing the operation to cease.
  Rug pull scams like this, where cyber criminals drain money from unsuspecting investors, aren’t uncommon in the crypto space, unfortunately. Sh
  
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