The European Union is doubling down efforts aimed at passing the first crypto legislation before year-end with France and the European Parliament currently leading in the discussions with the other 26 EU member states. According to a Friday report by Bloomberg, negotiators from the European Commission, Council, and Parliament are expected to meet on June 14 and June 30 to […]

Bitcoin (BTC) has fallen to a low of $24,291 after three weeks of trading above the $29,078 support level. According to the price indicator, Bitcoin has fallen to a targeted low of $24,352. The cryptocurrency is likely to hold above the $24,000 support before falling further. If the bears fall below the $24,000 support, the bearish momentum will extend to […]

Binance.US, the sister company of global cryptocurrency exchange Binance, is facing a class-action lawsuit from investors for the sale of LUNA and TerraUSD (UST). A group of investors filed a class-action lawsuit in the Northern District of California on Monday, alleging that Binance sold unregistered securities in the form of LUNA and UST to investors and mislead them into buying them. […]

Nexo has announced that it wants to purchase qualifying assets from Celsius Network. Celsius Network suspended withdrawals until further notice because of current market conditions. The focus is now to stabilize liquidity and operations. As Celsius Network undergoes some dramatic consequences due to the market crash, competing crypto financial platform Nexo has announced that it intends to acquire the former’s […]

There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as they are “mindful of the repercussions for retail investors & the crypto community.” Celsius suspended all network withdrawals on Monday; users are […]

Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from countries whose currencies have either collapsed or are cut off from the rest of the world. Bitcoin as a Financial Inclusion and Empowerment Tool […]

Summary: Terra’s Do Kwon has refuted claims that he cashed out $2.7 Billion from the project before LUNA’s and UST’s collapse. Do Kwon explained that for the last two years, he has only earned a nominal cash salary from Terraform Labs. He also adds that he incurred losses during UST’s and LUNA’s collapse. The $2.7 Billion was allegedly cashed out […]

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had fallen in step with stock markets on June 10, these finishing the […]

Inflation is killing global markets, causing Bitcoin and Ethereum to struggle with mounting bearish pressure. While the short-term outlook of the international and crypto economy is looking stark, the long-term potential of cryptocurrencies and Metaverse crypto coins remains bullish. Those brave enough to buy the dip know that now is an excellent opportunity for Dollar-Cost Averaging undervalued projects with tremendous […]