Crypto Employees are Losing Jobs Amidst Inflation | Curated CoinCodeCap #15 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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Bill Gates denies Crypto involvement, says NFTs are based on ‘Greater Fool’ Theory
Billionaire Bill Gates took a jibe at cryptocurrency, including nonfungible tokens(NFTs) at a climate conference conducted by TechCrunch. Calling NFT’s a sham, the business tycoon stated that it is based on the greater fool theory. Greater Fool theory refers to the idea that during a market bubble, one can make money by buying overvalued assets and selling them for a profit later because it will always be possible to find someone who is willing to pay a higher price. Keep Reading »
Russia’s Parliament Seeks to Ban Cryptocurrencies as a Payment Method
Despite the fact that Russia’s law does not specify what constitutes a monetary substitute, the government continues to oppose the use of DFAs. Keep Reading »
BlockFi Faces Fine for Allegedly Registering Improperly
The crypto market is going through one of the biggest crashes in the history of virtual assets. It started with the Luna debacle and caught the attention of regulators around the world, especially the SEC. Authorities are conducting investigations to gather more information about the sudden fall of the currency. Keep Reading »
Bill Proposal Suggests Making Crypto Payments legal in Brazil
Brazil Congressman recently proposed an addition to an existing Brazilian law that would grant citizens the right to use cryptocurrency as a means of payment. The Brazil Congressman Federal Deputy Paulo Martins issued the bill proposal acknowledging bitcoin as means of payment to the country’s legislature on 10th June. Keep Reading »
South Korea will enact New Measures for Blockchain Platforms
Given recent market turmoil that has shattered strength and sparked fears of a large-scale crypto outbreak, South Korea’s ruling party is actively considering new consumer safety measures. Keep Reading »
Blockchain based Tickets in 2024 Paris Olympics
Web3 is taking the world by storm. The French Olympic Committee is the latest to hop on to it. Paris 2024 Olympic Committee plans to deploy a blockchain ticketing system for the upcoming Paris 2024 Olympic Games. The suggestion came after Paris witnessed the ‘ticket fraud’ in the Champions League final that tarnished the reputation of the organising committee. The fiasco raised questions about Paris’s capability to host the 2024 Olympics. Keep Reading »
ZED RUN Phishing Scam
So we want to advise our readers that many scammers are out there in full force. So users should always be highly suspicious when connecting their wallet to a website, and they should never type their seed phrase. Users should always make sure that they are on the correct URL, and they should never confirm random transactions. Also, they can use a cold wallet for better security Keep Reading »
SEC Launches Inquiry Into Insider Trading at Crypto Exchanges
The recent happenings in the crypto market have alerted the authorities. The Securities and Exchange Commission has been monitoring the exchanges since the downfall of Luna and has launched an investigation to ensure that the exchanges have enough protection against insider trading. The controversy related to Do Kwon being involved in money laundering might be the cause of the preventive measures taken by the SEC. Keep Reading »
White House says the Administration is Closely Watching Inflation
The White House was on the move on Monday, as the stock market tumbled and members of the media questioned whether Joe Biden was still appreciative of his economic recovery. 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
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 »
VLX Price Analysis June 2022
VLX is a coin of platform Velas. Its current price is around $0.06126 by the time of writing, with a low of $0.03559, and its market cap is 141 million dollars. Keep Reading »
VET Price Analysis June 2022
VET is a coin of the platform VeChain. Its current price is around $0.03253 by the time of writing, with a low of $0.02412, and has a market cap of 2.3 billion dollars. Keep Reading »
SFM Price Analysis June 2022.
SFM is a token of the platform SafeMoon. Its current price is around $0.0006282 by writing, with a low of $0.0000002149, and has a market cap of 354 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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