Friday, June 24, 2022
BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News

BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More...

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Source: Adobe/amixstudioGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments newsCrypto lender BlockFi processed a higher-than-usual volume of withdrawals last week, but they have since seen an 88% decrease from peak to trough in daily withdrawal requests and expect this declining trend…
Bitcoin Nears USD 20K, Ethereum Below USD 1.1K, WAVES Rallies, CEL Dumps

Bitcoin Nears USD 20K, Ethereum Below USD 1.1K, WAVES Rallies, CEL Dumps

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Bitcoin price is struggling to settle above USD 21,200.Ethereum failed to stay above USD 1,100, XRP is consolidating near USD 0.32.WAVES is the best performer, while CEL is the worst.Bitcoin price was able to recover above the USD 21,200 resistance zone but failed to stay in the positive zone and declined below USD 21,000. It…
Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

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Source: AdobeStock / helloabcDigital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal…
Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to ‘Overly Catastrophize’ It

Vitalik Buterin Confirms Post-Merge Ethereum Centralization Concerns, Urges Not to ‘Overly Catastrophize’ It

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Vitalik Buterin. Source: a video screenshot, Lex Fridman / YouTubeEthereum (ETH) co-founder Vitalik Buterin has said he is "definitely" worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system.The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum,…
Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious

Bitcoin Stock-to-Flow Model and Its Proponents Under Fire Again as Failure Becomes Obvious

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Source: Adobe/New AfricaThe Bitcoin (BTC) stock-to-flow (S2F) model created by the pseudonymous analyst PlanB is once again facing scrutiny in the crypto community, after failing completely in its price prediction so far this year.According to the original S2F model and comments from PlanB, who now has 1.8m followers on Twitter, BTC should have reached a…
Elon Musk’s Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano’s Upgrade + More News

Elon Musk’s Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano’s Upgrade + More News

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Source: Adobe/AscannioGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments newsSocial media company Twitter’s board of directors urged shareholders to approve the proposed USD 44bn sale of the company to Elon Musk, according to Axios. However, at the Qatar Economic Forum in…
Bitcoin Tests USD 21K, Ethereum Still Above USD 1.1K,  WAVES and ZIL Accelerate

Bitcoin Tests USD 21K, Ethereum Still Above USD 1.1K,  WAVES and ZIL Accelerate

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Bitcoin price is testing the USD 21,000 level.Ethereum is fluctuating near USD 1,150, XRP might test the USD 0.35 resistance.WAVES and ZIL jumped 18%-19%.Bitcoin price moved higher above the USD 20,500 resistance zone and climbed above the USD 21,200 level before correcting lower. It is currently (11:51 UTC) trading near USD 21,060 and is up…
CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound

CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound

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Source: Adobe/FellowNekoThe troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).A couple of good news related to Celsius seem to have led to a surge in the price of CEL,…
After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing

After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC...

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Source: Adobe/rosinka79As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. The Bank for International Settlements (BIS), sometimes referred to as ‘the central bank…
Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M

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Source: AdobeStock / pookpiikSolana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate positions of anyone who has a…
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