Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K.

Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020.

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Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital.

Stablecoin issuer Tether has denied that its commercial paper portfolio is 85% backed by Chinese or Asian commercial papers. origin »

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Prime Stake and Oreol Staking – big conference in Denver.

The long-awaited Cross Staking conference dedicated to cross-staking was held from June 11 to June 12, 2022, in Denver, USA. The organizers were: Owen Tao, the director of Cross Staking; Brian Yang, a leading specialist of the company; Anthony War, a chief architect; as well as other team members. origin »

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The Anniversary Of El Salvador’s Bitcoin Legal Tender Announcement.

A slew of guests discuss the historic one-year anniversary of President Nayib Bukele announcing El Salvador’s plan to adopt bitcoin as legal tender. origin »

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Financial Planner Desperately Explains to Clients Why the Bitcoin Crash Is Good, Actually.

Crypto is crashing, and bitcoin bros are having a tough week. In a long and winding thread, financial advisor and Coinbase commentator Isaiah Douglass laid out his case for why the currency's second major crash in two months is actually good news for people who've invested in blockchain assets. "I regret nothing," Douglass began in […] origin »

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Crypto Exchanges Lay Off Thousands, Months After Uber-Expensive Super Bowl Ads.

One of the leading crypto exchanges is laying off a ton of employees — even after paying celebrities tons to shill for it at the Super Bowl. In a series of tweets posted over the weekend (and, to be fair, before , Crypto.com CEO Kris Marszalek origin »

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Top 3 Pokemon-inspired Metaverse Crypto Coins Below $2 Million Market Cap (June 2022).

With the crypto bear market in full effect, many projects are on a fire sale, making it an excellent buy opportunity. Metaverse and NFT projects continue to build and expand their ecosystems despite the lack of profits in preparation for the next bull run. origin »

Bitcoin and Ethereum Price Manage to Hold Support as Stock Markets Jump Briefly.

After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. origin »

Coinhouse Raises 40M Euros and Positions as EU’s Leading Cryptobank.

Coinhouse, the French pioneer in investing in crypto-assets, has completed a 40 million euros fundraising. Among the investors: are the bank ODDO BHF, VC funds such as True Global Ventures, Tioga Capital Partners, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys, Expon Capital, as well as several renowned families and French business leaders. origin »

US House Wants Assessment of Crypto Investment in 401(K) Accounts.

The U. S. House of Representatives has asked the government to look into the addition of crypto to 401(k) retirement plans. It cites volatility and a lack of oversight as concerns for inclusion. origin »

McLaren NFT Genesis Collection by MSO Lab.

McLaren automotive the British-based Formula 1 racing brand, teamed up with McLaren Special Operations Lab (MSO lab) to introduce the Genesis McLaren NFTs collection. The NFT collection of luxury supercars dropped on May 11th with a price of 0. origin »

Crypto Exchanges Defy Job Cut Trend and Tease Hiring Plans.

Crypto platforms Binance, Kraken, and FTX have defied the market by announcing hiring plans as others lay off staff. The post Crypto Exchanges Defy Job Cut Trend and Tease Hiring Plans appeared first on BeInCrypto. origin »

Bitcoin buying guide: How to be a clever crypto owner.

The first and most widely used cryptocurrency, Bitcoin (BTC), is decentralised digital cash that is used to buy goods and services online. In fact, it is even considered the future of the financing industry. origin »

Bitcoin (BTC) Creates Bullish Hammer Candlestick.

After eight successive bearish candlesticks since June 7, Bitcoin (BTC) created a bullish candlestick with a long lower wick on June 15. The post Bitcoin (BTC) Creates Bullish Hammer Candlestick appeared first on BeInCrypto. origin »

Play2Earn Organizations That Are Pushing The Blockchain Envelope.

Despite the macroeconomic backdrop and the ongoing bearish market, the play-to-earn (P2E) gaming ecosystem is growing by leaps and bounds. While it initially started with a handful of games featuring NFTs and in-game tokens, the P2E ecosystem, too, has evolved manifold with time. origin »

Russian bank Sber to complete its first digital currency deal.

Sber was initially planning to launch its blockchain-enabled digital asset platform and the Sbercoin stablecoin by spring 2021.

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Tether Calms Fears Over Reserve Backing, Exposure to 3AC, Celsius.

The stablecoin issuer Tether has dismissed rumors concerning the heath of its commercial paper portfolio as completely false and likely spread to induce further panic. Tether Condemns False Backing Rumors... origin »

Celsius reportedly seeks advice from lawyers on restructuring.

Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. origin »

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. origin »

Horrible Footage Emerges of Winklevoss Twins Singing "Don't Stop Believin'".

Hard-Hitting Rock Band We take no pleasure in bringing you this news. In fact, we wish we didn't know ourselves. But the cursed rumors are true, and it's our due diligence to inform you that the Winklevoss twins, Cameron and Tyler, are indeed in a band, as footage of the twins un-ironically covering "Don't Stop […] origin »

As Bitcoin Crashes, Binance Halts Withdrawals.

Falling Fast The world's largest crypto exchange has had to pause Bitcoin withdrawals as the currency drops precipitously for the second time in 2022. On Twitter, Binance CEO Changpeng Zhao announced Monday morning that Bitcoin withdrawals were on a "temporary pause" due to a "stuck transaction causing a backlog." Though Zhao didn't mention it, this […] origin »