Crypto News Today
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Bitcoin balance on exchanges at 3-year low spelling bullish sentiments for BTC
While most cryptocurrencies still struggle, some hope may be on the horizon, at least for the flagship digital asset.
Tether to Issue Sterling-Pegged Stablecoin, GBPT
The token will be pegged 1:1 to the British pound and will launch in July.
Bitcoin Miner Bitfarms Sells Coins After Ending 'Hodling'
The miners are some of the biggest whales, holding around 800,000 Bitcoin, according to data from Coin Metrics, of which public miners own 46,000.
Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation
The large raise comes during an otherwise downcast crypto climate.
The Central African Republic Bets On Bitcoin
A group of Bitcoiners traveled to the Central African Republic to meet with the country's president and discuss pathways for bitcoin adoption.
DOGE shoots up as Elon Musk affirms he's accumulating Dogecoin
DOGE has put aside the ongoing market correction to trade in the green zone after Tesla CEO Elon Musk affirmed his support for the token.
Bitcoin Veterans Know to Keep Their Eyes on $19,511 Level
Bitcoin veterans know to be on the lookout for a noteworthy number: $19,511.
Mike Novogratz: Ether Price to Hold at $1000
Galaxy Digital CEO Michael Novogratz has stated that the price of ether and other cryptocurrencies is nearer to the bottom than US equities.
Mike Novogratz Predicts Next Crypto Cycle Begins in October
The outspoken CEO of Galaxy Digital and former "Lunatic" predicts that the Fed needs to flinch before crypto can recover.
EU Aims to Clinch Deal on Landmark Crypto Law This Month
France and the EU Parliament are optimistic about an agreement. Negotiators are still split on a few areas, including NFTs.
Solana Ventures Raises Fund to Help Battered Korean Crypto Scene
The $100 million fund is dedicated to gaming and DeFi projects.
Soros Fund's CEO: Recession Is Inevitable and Crypto Is Here to Stay
Soros Fund Management's chief executive and chief investment officer says cryptocurrency is here to stay and it's already gone mainstream.
Billionaire Crypto Investor Predicts More Volatility in Coming Months
A leading crypto advocate and billionaire expects the digital asset class will be "choppy and difficult" during the next few quarters.
Brad Garlinghouse says NFTs "underhyped", sees new use cases
The Ripple CEO reflected on crypto's presence at the World Economic Forum and the emerging use cases for digital assets.
Billionaire Mike Novogratz Says Bitcoin Will Lead Next Rally
Galaxy Digital CEO Mike Novogratz has some advice for crypto investors. In a recent tweet, he said that Bitcoin BTC/USD will lead the next cryptocurrency rally.
Ether and Altcoins Lead Crypto Rout as Terra DeFi Fallout Deepens
Solana, Avalanche and Polkadot prices tumble as much as 20%. Bitcoin drops less as largest cryptocurrency serves as a haven.
Mike Novogratz: The Correlation Between Bitcoin and Stocks Will Soon Vanish
Mike Novogratz, a bitcoin bull, says that the currency will eventually lose its correlation with the stock market as it becomes mature.
Bitcoin Evangelists Remain Enthusiastic Despite Crypto Rout
The cryptocurrency market has lost over $1.6 trillion since November, but that hasn't tempered the passion of the bitcoin evangelists.
NFTs Are Put to New Use in China, Countering Censorship During Pandemic
Internet users are turning to blockchain technology to prevent content including images, videos and social-media posts from disappearing
Ethereum ‘merge’ will happen in August, says Ethereum co-founder
After years of delays, Ethereum co-founder Vitalik Buterin confirms that the “merge” will finally happen this summer. The merge is a highly anticipated upgrade to Ethereum that, if all goes smoothly, will shift the major blockchain from a proof-of-work mechanism to proof-of-stake.
FTX US Launches FTX Stocks Offering Trading on US Listed Equities & ETFs
FTX Stocks offers trading and investing in hundreds of US exchange-listed securities, including common stocks and ETFs, in an integrated experience within the existing FTX US cryptocurrency trading application. The launch will commence in a private beta phase for select US customers chosen from a waitlist.
Binance’s Luna investment was worth $1.6 billion. Now it’s less than $3,000
In 2018, Binance put $3 million into Luna and received 15 million tokens in return. At Luna’s price peak in April, those tokens were worth $1.6 billion, Binance CEO Changpeng Zhao said in a Monday tweet. At Luna’s price now, the tokens are worth about $2,391.
FTX's billionaire chief says bitcoin has no future as a payments network
Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
Nouriel Roubini oversees the development of tokenized dollar replacement
Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation.
UST stablecoin struggles to maintain $1 parity amid crypto market turbulence
During the market event, the price of UST hit a low of $0.9857 on Binance against USDT.