June 2022 | Page 8 of 162 | Last Cryptocurrency News Feed

BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection

A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons. 515 Total views 43 Total shares Grayscale has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) by the Securities and…

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Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future

BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests. 321 Total views 4 Total shares Bullish cryptocurrency traders hoping that the market was on a path higher received a dose of reality on June 29 as the price of Bitcoin…

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Market Selloffs Lead to Rising Inflows of USDC: Circle CEO

In the latest interview with Fox Business, Circle CEO Jeremy Allaire unveiled his thoughts on the turbulent crypto market with stablecoins being targeted by short sellers partly due to the Luna-UST fiasco. He reiterated his confidence in USDC attracting net inflows amid the market crash due to its compliance with regulators. In regards to the…

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Snoop Dogg: Crypto Winter ‘Weeded out’ Unnecessary Market Participants

The American rapper Calvin Cordozar Broadus Jr. (better known as Snoop Dogg) believes the ongoing crypto bear market eliminated those individuals who were “abusing the opportunities” in the space. He also opined that the digital asset niche is a “great” sector, which will sooner or later get back on its feet. Crypto Winter Could Clean…

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EU officials reach agreement on AML authority for supervising crypto firms

“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. 621 Total views 28 Total shares The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto…

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Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

Brian Brooks – CEO of the crypto mining firm Bitfury Group – believes the value of a certain digital asset is driven by the development of its network. As such, he predicted that bitcoin will jump from its current $20,000 price tag as an increasing number of people have started employing it. $20K Is Not…

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Marathon’s Crypto Mining Capacity Crippled Due to a Massive Storm

Marathon Digital Holdings – one of the leading cryptocurrency mining companies – said that 75% of its operations are currently without power because of a devastating storm that passed recently through the state of Montana. Miners from that region are expected to restore some of their activity during the first week of July. The Thunderstom’s…

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Bitcoin Dips Below $20K, is Another Crash Coming? (BTC Price Analysis)

Bitcoin’s price has entered a consolidation phase while its downtrend seems to have stopped after a severe shakeout to $17K. This range is likely to provide significant support, as it contains the 2017 all-time high, and it might spark a short-term rally towards the $30K region. Technical Analysis By Shayan The Daily Chart The yellow…

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Cathie Wood Does Not Understand Algorithmic Stablecoins

The recent crypto slump may have left many investors shaken in fear, as bad news like major crypto firms falling prey to liquidity crisis and exchanges drastically cutting headcounts continue occupying headlines. However, the crypto bull Cathie Wood – known for her aggressive bets on “disruptive innovation” – reiterated her confidence in digital assets in…

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Samsung To Begin Production of 3nm Chips Which Could Be Used For Mining Bitcoin: Report

Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling bitcoin miners to operate faster and with less power consumption.Samsung is reportedly in a trial production stage for 3nm foundry processing which could be used for mining bitcoin.The first customer will be PanSemi, a Chinese ASIC manufacturer and Qualcomm may also take…