Colombia’s new president turns out to be a supporter of Bitcoin | Curated CoinCodeCap #22 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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Samsung NFT Phishing Scam
The Samsung NFT phishing website has shown a sale of around 1000 NFTs with 0.07 ETH as listed price of each NFT. Samsung’s Official Twitte account is also linked to this website to confuse new users. Keep Reading »
Binance US Starts Offering Zero-Fee Trading
Binance. One of the biggest cryptocurrency exchanges in the world, US, is now providing zero-fee trading with spot bitcoin pairs. Since our founding, we have become well-known for our incredibly low fees, “Brian Shroder, the CEO of Binance.US, said in an interview. Trading with no fees is “something we want to do because we can. This will increase user satisfaction and attract new users.” Keep Reading »
Qatar Central Bank in foundation stage of issuing CBDC, says Governor
Qatar Central Bank(QCB) is the latest monetary authority to express interest in issuing a central bank digital currency (CBDC). According to the central bank’s Governor, Sheikh Bandar bin Mohammed bin Saoud Al Thani QCB is in the foundation stage of and is working on finding the right technology and platform. Keep Reading »
EBay Acquires NFT Marketplace KnownOrigin
Ebay Inc. has procured KnownOrigin, a non-fungible token marketplace, expanding the e-commerce company’s foray into blockchain technology and digital collectibles and trinkets. Keep Reading »
Crypto.com Receives In-Principle Approval from the Monetary Authority of Singapore
One of the world’s fastest-growing cryptocurrency platforms, Crypto.com is planning to strengthen its roots in Singapore. The platform announced today that they have received in-principle approval from the Monetary Authority of Singapore (MAS) regarding its Major Payment Institution License. Keep Reading »
SEC Commissioner Hester Peirce expresses displeasure at Crypto bailouts
United States Securities and Exchange Commission (SEC) commissioner Hester Peirce has expressed discontentment at crypto company bailouts. According to Pierce, crypto “does not have a bailout mechanism,” and the absence of that is“one of the strengths of that marketplace,” indicating the crypto market has some ability to self-regulate. She was talking in an interview with Forbes. She further added that they “really need to let these things play out.” Keep Reading »
Tech Giants Unite to Form ‘Metaverse Standards Forum’
The metaverse is expanding and along with it, its vision is also evolving. Therefore, the Meta has decided that no single company will ‘own’ the metaverse space and will thus not have authority over the happenings in the virtual worlds. Keep Reading »
Structural Flaws makes Crypto Unfit as Money: BIS report
On June 21, Bank of International Settlements(BIS) released a report titled “The Future of Monetary System.” According to the report, structural flaws in Crypto make it an unsuitable basis for a monetary system. “Crypto cannot serve the purpose of money in the sense that it doesn’t recreate this virtuous circle from greater acceptance to greater use.” Keep Reading »
Fei Protocol Phishing Scam
The phishing website is highly identical to the real website. Their names and designs almost similar. It contains an extra f
in its URL. As soon as we go to this website, it prompts us to open our MetaMask wallet. Keep Reading »
Uniswap Labs Acquires NFT Marketplace Aggregator, Genie
In June, notable crypto companies and exchanges were seen acquiring firms that deal with crypto products and services. Circle recently acquired CYBAVO to improve the adoption of USDC. It was followed by FTX taking over Bitvo to expand its global presence. Keep Reading »
Bank of Spain’s VASP registry adds 17 Crypto Companies
Bank of Spain registered 17 crypto companies last week, with the inclusion of three more crypto businesses. The registry of virtual asset service providers (VASPs) added exchanges including Jobchain Austria, Criptan Trade, Eurocoin Broker, Jobchain España, Lemacoin Crypto Solutions, Bitpanda, and Vottun. Keep Reading »
Rainbow Bridge Phishing Scam
The phishing website is highly identical to the real website. Their names and designs almost similar. This website trick users into giving out Recovery Phrase to the fake website which looks nearly 100% identical to the genuine one. Keep Reading »
BlockFi Signs a Term Sheet with FTX to Secure a $250M Revolving Credit Facility
On June 21, the CEO of BlockFi, Zac Prince, announced on Twitter that the team has signed a term sheet with FTX and has agreed to provide access to capital that strengthens their balance sheet and platform strength. Keep Reading »
CoinCodeCap’s Weekly Issue #10
Since the fall of Terra, the crypto market has been having a hard time regaining its balance. The suspicious downfall of the Korean currency dragged its founder into a series of legal events. But Terra is not the only shady one here. MIM, with the name itself being Magin Internet Money, maybe be nearly insolvent, signifying another major stablecoin with over $300 Million Market cap can follow the path of Terra’s UST. I don’t know what everyone thought by working on their own algorithmic stablecoins. However, the present system of maintaining the peg of a stablecoin is not worth the retail losses happening. Keep Reading »
Market Updates
LTC Price Analysis June 2022
LTC is a coin of the platform Litecoin. Its current price is around $53.23 by the time of writing, with a low of $40.68, and has a market cap of 3.7 billion dollars. Keep Reading »
TRX Price Analysis June 2022
TRX is a coin of the platform TRON. Its current price is around $0.06503 by the time of writing, with a low of $0.04682, and has a market cap of 6 billion dollars. Today is TRX’s turn to rise in aftermarket trading, and it does so about 7% so far. Keep Reading »
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 »
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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