Binance suspends Withdrawals in Brazil after missing a KYC deadline | Curated CoinCodeCap #18 June 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 suspends Withdrawals in Brazil after missing a KYC deadline
Following the New Central Policy, the popular cryptocurrency exchange Binance has stopped withdrawals and deposits in Brazil via the government’s payment system Pix. Keep Reading »
A Contract based on Virtual Currency is Ruled Invalid by a Chinese Court
A Chinese court ruled that a vehicle contract for the sale in which the buyer offered to pay in virtual currency was unworkable because it breached legally required segments of laws and administrative rules. Keep Reading »
US Congressmen highlight Environmental Benefits of Bitcoin mining to EPA
On Thursday, 14 U.S. Congressmen wrote a letter to the Environmental Protection Agency(EPA) citing the benefits of the Bitcoin Mining (Proof-of-Work) mechanism. U.S. lawmakers, including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer, addressed EPA administrator Michael Regan, requesting to analyze the potential impact of crypto mining in an effort to balance innovation with environmental concerns. Keep Reading »
BACC urges NPCI to Restore UPI Service to Indian Crypto exchanges
The Blockchain and Crypto Assets Council (BACC) has urged the National Payments Corporation of India (NPCI) to restore the UPI(Unified Payments Interface) service to Indian crypto exchanges. Keep Reading »
Latest Federal Reserve Report Express concern over “Structural Fragility” of Stablecoin
The Federal Reserve Board released its twice-yearly monetary policy report on Friday, highlighting ‘the structural fragilities’ of crypto. The report, which mentions stablecoins and the risks they pose to the financial system’s stability, points that stablecoins not backed by safe and sufficiently liquid assets and not subject to appropriate regulatory standards create risks to investors. The Federal Reserve reiterated that stablecoins could potentially strain the financial system, including susceptibility to potentially destabilizing runs. Keep Reading »
FTX Acquires Alberta-Based Restricted Dealer to Expand Canadian Presence
One of the leading global crypto asset trading platform, FTX Trading Limited has taken an initiative to expand in Canada. It has entered into an agreement to acquire a Canadian crypto asset trading platform, Bitvo Inc. The company is registered as a restricted dealer under the security laws of all provinces and territories in Canada. Keep Reading »
Binance Considers Re-Entering the Korean Market
In 2021, Binance, one of the world’s leading cryptocurrency exchanges, discontinued its services in Korea owing to low usage and volume. Since then, this is the first time the founder of the company, Changpeng Zao has talked about a possible re-entry into the Korean market as a cryptocurrency trading platform for native users. Keep Reading »
Elon Musk, SpaceX, and Tesla Sued for $258 Billion in Alleged Dogecoin ‘Pyramid Scheme’
Scams and frauds are common phenomena in the crypto ecosystem. On June 16, Elon Musk, SpaceX, and Tesla were sued by Keith Johnson for at least $86 billion in damages and wanted it tripled. Musk has been alleged of “manipulated” the value of Dogecoin in an intentional “crypto pyramid scheme” that was conducted over Twitter. Keep Reading »
CoinCodeCap’s The Weekly: Issue 9
Bitcoin is either in a downward spiral or moving up and down along a horizontal line. And we think this might continue for a prolonged period until the ETH merge is complete. Further, we’re probably witnessing a liquidity grab in the ongoing market situation, and significant-stop losses can trigger at the bottom. Additionally, the Bullish bat pattern is also a strong reversal pattern, as seen in the chart below. Finally, the BTC dominance has also been rising, leading the ALTS to show weak behavior. Keep Reading »
Market Updates
Bitcoin(BTC) Price Analysis June 2022
Bitcoin’s current price is around $20,770, with a low of $20,750 in a 1year timeframe, and has a market cap of $4.37 billion. Keep Reading »
Ethereum Price Analysis June 2022
Ethereum ’s current price is around $1,219.64, with a low of $1,094.70 in a 1year timeframe, and has a market cap of 147 billion dollars. Keep Reading »
DASH Price Analysis May 2022
DASH is a token of the platform Dash. Its current price is around $47.55 by the time of writing, with a low of $45.88, and has a market cap of 513 million dollars. Keep Reading »
CAPS Price Analysis June 2022
CAPS is a token of the platform Ternoa. Its current price is around $0.01851 by the time of writing, with a low of $0.01495, and its market cap is 12 million 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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