Binance CEO meets Prez of Côte d’Ivoire for its Crypto Integration | Curated CoinCodeCap #6 July 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Binance CEO meets Prez of Côte d’Ivoire for its Crypto Integration
Binance, one of the largest platforms of cryptocurrency exchanges in terms of trading volumes, has shown exponential growth in terms of trading volume even when the market is following a bearish trend. Several crypto firms have been making layoffs following the recent market crash. However, the CEO of Binance, Changpeng Zao, has been showing a positive attitude about the situation. Binance is the only company in the crypto sphere that has not announced a hiring freeze or layoffs. Keep Reading »
Voyager succumbs to Market Volatility, files for Bankruptcy
Crypto lending giant Voyager has filed for Chapter 11 bankruptcy, just four days after suspending all operations. The Toronto-based firm filed for Chapter 11 bankruptcy on Tuesday in New York. Voyager is expected to have more than 100,000 creditors and about $1 billion to $10 billion in assets. Keep Reading »
Italian Ministry to provide $46 million in subsidies to develop blockchain projects
On July 5, the Ministry of Economic Development of Italy announced that certain blockchain projects would be provided upto $46 million in government subsidies starting from September this year. Keep Reading »
Bank of England calls for Tougher Crypto Rules in its Financial Stability Report
The Bank of England(BoE) published the Financial Stability Report on Tuesday. In the report, BoE called for better regulation of cryptocurrencies, citing the current market volatility. According to the report, the crypto market vulnerabilities include liquidity mismatches leading to run dynamics and fire sales, leveraged positions being unwound, and amplifying price falls. Keep Reading »
Dogecoin has been added to FTX Japan boosting the Memecoin’s Recognition
Dogecoin is now officially live on FTX Japan, according to a July 5 announcement from the top cryptocurrency exchange. On its website, the well-known cryptocurrency exchange also declared that it would start taking Dogecoin for a variety of transactions. Keep Reading »
BitMEX banned Russian citizens and residents from accessing the exchange within the EU
Cryptocurrency exchange BitMEX is preparing to impose greater restrictions on Russian customers and is working to improve compliance with European sanctions against Russia. BitMEX is changing its restricted jurisdiction in line with a number of restrictions imposed by the European Union. Keep Reading »
CoinCodeCap’s Weekly Issue #12
Amidst the chaos, Coinbase declares that it will be unifying the USD and USDC order books, raising suspicion that the company might be running out of USD. It has been cited that this step has been taken to provide a seamless trading experience and deeper liquidity for both USD and USDC. However, we are anticipating that Coinbase is doing so to create a slippage in the market. There is a possibility that the order rate for USD is on rising and the firm does not have enough holdings. Keep Reading »
Market Updates
FIL Price Prediction July 2022
FIL is a native coin of the platform Filecoin. Its current price is around $5.47 by the time of writing, with a low of $4.82, and has a market cap of 1.2 billion dollars. Keep Reading »
ICP Price Analysis July 2022
ICP is a native coin of the platform Dfinity. The platform is a not for profit organization dedicated to building the Internet Computer Blockchain. Its current price is around $5.51 by the time of writing, with a low of $4.67, and has a market cap of 1.6 billion dollars. DFINITY Foundation is a not-for-profit organization developing technology for the Internet Computer blockchain to support it. Keep Reading »
BTC Price Analysis July 2022
BTC, also known as Bitcoin’s current price, is around $19,300.01 by the time of writing, with a low of $17,708.62, and has a market cap of 368 billion dollars. Keep Reading »
VET Price Analysis June 2022
VET is a coin of the platform VeChain. Its current price is around $0.02304 by the time of writing, with a low of $0.02012, and has a market cap of 1.6 billion dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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