White House says the Administration is Closely Watching Inflation | Curated CoinCodeCap #16 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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Circle to Launch Euro-pegged Stablecoin: Euro Coin
Global Financial Tech Firm Circle to launch a fully-reserved stablecoin pegged to the Euro from the U.S. called Euro Coin (EUROC). With this launch, the issuer of USD Coin (USDC), plans to drive the frictionless exchange of financial value and bridge the gap between crypto-native and traditional financial services. Keep Reading »
Yahoo is Launching Metaverse Events in Hong Kong
With tech giants like Microsoft and Google stepping into the Metaverse, Yahoo is also gearing up for the same. The announcement came a day after Meta Platform revealed its metaverse plans. Keep Reading »
MakerDAO to Temporarily Disable Aave D3M amid Volatile Crypto Market
The news comes as crypto goes through one of its biggest slumps in its lifetime. The leading cryptos – Bitcoin and Ethereum – suffered major bleeding over the past few days. While Bitcoin fell below the $22,000 level, Ethereum went down to an astounding $1155. Keep Reading »
Russian Bank Sber to Complete its First Digital Currency Deal
Russia has always been in doubt whenever it has come to accept virtual currencies as a method of payment. Recently, the parliament of the country stated that it would be illegal to use “digital financial assets” (DFA) as a means to pay for goods and services. Keep Reading »
Russia to Develop Sandbox for Cross-Border Crypto Payments
The Russian Export Center (REC), a state-run establishment entrusted to help Russia’s products, is now considering the work of virtual currencies as an elective way to deal with global repayments under sanctions. Keep Reading »
Federal Reserve announces Highest Interest Rate-hike since 1994
With surging inflation and the threat of recession looming over the United States, the Federal Reserve raised standard interest rates by three-quarters of a percentage point on Wednesday, the most combative increase since 1994. Keep Reading »
YouTuber Ben Armstrong is Filing a Class Action Lawsuit Against Celsius and Its CEO
The crypto staking and lending platform Celsius is currently going through a downfall with financial tension building one over the other. Recently, it also announced a halt in the withdrawals, swaps, and transfers. 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
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 »
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 »
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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