US Inflation hit a new 40-year High of 9.1 Percent | Curated CoinCodeCap #13 July 2022
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US Inflation hit a new 40-year High of 9.1 Percent
According to the Labour Department, consumer prices rose 9.1 percent over the previous year, setting a new high for inflation.Inflation in the United States reached a new four-decade high in June as a result of rising gas, food, and rent prices. This put additional pressure on households and likely sealed the Federal Reserve’s decision to raise interest rates significantly once again, leading to greater borrowing costs. Keep Reading »
Celsius faces accusations of being ‘Deeply Insolvent’ by Authorities
U.S. state of Vermont’s Department of Financial Regulation (DFR) claims that Celsius lacks the assets and liquidity to fulfill its obligations to account holders and other creditors. Keep Reading »
Bit.com Plans to Ramp Up Hiring and Unveil New Offerings Amidst Crypto Winter
With various events pointing to a crypto winter developing, it has been a difficult time for cryptocurrency investors and the Web3 space over the past few months. Keep Reading »
3AC Liquidators get Permission to Subpoena Founders
Three Arrow Capital’s liquidators acquire permission to subpoena Co-founders Kyle Davies and Zhu Su along with banks and digital asset exchanges tied to the firm. New York Bankruptcy Court on Tuesday granted liquidators given full control of U.S. assets and authorized them to issue subpoenas to founders and other parties with information about the firm. Keep Reading »
Korean Fintech Giant, Dunamu Intends to Create 10K Web3 Jobs Despite Bear Market
One of the largest blockchain firms in South Korea, Dunamu, which was established in 2012 and plans to invest KRW 500 billion won (US$380 million) to develop regional offices in Busan, Daegu, Daejeon, and Gwangju in addition to its headquarters in Seoul. The fintech and blockchain company predicts that the regional offices will increase the number of jobs in the market by over 1,000, with local college graduates receiving preference for employment. Keep Reading »
Bitcoin Miners Turn off Rigs as the Texas Power Grid Deteriorates
Over the weekend, Texas temperatures broke century-old records as a brutal heat wave scorched the Lone Star state in triple-digit heat. The government’s grid operator warned Monday that rolling blackouts were “likely” in the following days due to temperatures surpassing 110F in central Texas and asked consumers and businesses to reduce power usage. Keep Reading »
CoinCodeCap's Weekly Issue 13
Cryptocurrency exchange CoinFLEX is facing a huge crisis as one of its users, Roger Ver owes them $47 million. However, further investigation reveals that the investor holds the Flex coin of the exchange in collateral. Therefore, the total amount that Roger owes to CoinFLEX is $84 million. Keep Reading »
Market Updates
MIOTA Price Analysis July 2022
MIOTA is a coin of the platform IOTA. Its current price is around $0.27 by the time of writing, with a low of $0.232, and has a market cap of 772 million dollars. Keep Reading »
BTT Price Analysis July 2022
BTT is a token of the platform BitTorrent. Its current price is around $0.0000008847 by the time of writing, with a low of $0.000000705, and has a market cap of 825 million dollars. Keep Reading »
MKR Price Analysis July 2022
MKR is a token of platform Maker. Its current price is around $1002 by the time of writing, with a low of $663, and it has a market cap of 979 million dollars. Keep Reading »
EOS Price Analysis July 2022
EOS is a coin of the platform EOSIO. Its current price is around $1.02 by the time of writing this article, with a low of $0.82, and has a market cap of 1 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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