Quick Look
Tether aims to decrease commercial paper backing of USDT to zero
The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin...
South Korean Government Calls for Voluntary Regulations From Crypto Industry
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary...
Highlights June 15: Markets in the red, Tron continues descend with losses of 20%
The crypto market was mostly in the red this morning, with the majority of top 10 cryptos registering losses. Top cryptos Bitcoin...
Crypto lender Celsius hires ‘Restructuring Lawyers’: CEL price pumps and dumps
Celsius Network, a renowned crypto lending firm, has hired ‘restructuring lawyers’ amid the current crypto meltdown that has...
AAX Exchange To Share 1M USDT Rewards Through Fun “Crypto Summer” Events
Victoria, Seychelles, 15th June, 2022, Chainwire AAX, the institutional-grade cryptocurrency exchange, is kicking off “Crypto...
Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto
Confiant, an advertising security agency, has found a cluster of malicious activity involving distributed wallet apps, allowing hackers to...
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people...
XOXO Is Flipping the Script and Announcing a Genesis Collection Auction
PRESS RELEASE. Gather up your partner, family, and friends to come and be a part of the genesis XOXO NFT collection, known as the...
Bank of Canada’s Official: Crypto Needs Regulation Before It Becomes ‘a Lot Larger’
Bank of Canada’s senior deputy governor says the central bank does not want to wait until crypto “gets a lot larger”...
Bank of America: 90% of US Adults Surveyed Plan to Buy Crypto in 6 Months
A new Bank of America survey shows that out of more than 1,000 U.S. adults, 90% plan to buy crypto in the next six months. Moreover,...
Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’
The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender...
Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze
On June 14, discussions of Celsius continued to populate media headlines and June 14’s news involved the platform’s CEL token...
Ethereum price falls below $1.1K and data suggests the bottom is still a ways away
Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a...
Binance Reveals Incident That Forced It to Freeze BTC Withdrawals
In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several...
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low...
Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?
Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH...
Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery
On Tuesday, tokens of cloud blockchain infrastructure provider Chain.com (XCN) suddenly lost over 90% of their value before recovering...
Cake DeFi confirm no connection to Celsius contagion
The press release from Cake DeFi was interesting to read yesterday, and one that got me thinking. Released in the wake of the Celsius...
Celsius’ crypto woes are being watched by Washington: report
Washington is keenly watching the crypto sector in the wake of crypto lender Celsius Network’s run into liquidity trouble this past...
Coinbase Reduces the Size of the Firm’s Workforce by 18%
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The...
Luxury brand Lacoste expands into web 3 with UNDW3
Lacoste, a French-based luxury clothing brand, has launched a new NFT collection as it expands into Web3. A press release from the firm...
Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing
The Fair token launch gives its community an equal opportunity to participate in lieu of easy upfront cash from private sales or pre-sale....
‘Nothing issue’ — MicroStrategy CEO plans to hodl Bitcoin ‘through adversity’
Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms. In a...
SEC chair warns about ‘too good to be true’ returns amid market downturn
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in...
Biggest Movers: THETA, HNT Rise Over 20%, Despite Crypto Crash
THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by...
Binance partners with Splyt
Binance, the world’s largest crypto exchange, has collaborated with Splyt, a “super app enabler,” to bring its crypto...
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s...
Spritz Finance bill pay beta launches on Polygon Network
Greenwich, Connecticut, 14th June, 2022, Chainwire Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users...
What is MetaPay and how does it work?
When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution...
Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future
“Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this...
Following the signs: How crypto stickers led to a new career opportunity
Ghana national Daniel Karikari worked as a part-time office assistant at a crypto startup, cleaning the office and serving coffee to its...
Bitcoin, Ethereum Technical Analysis: BTC Falls to $20,000 Range, as Sell-Off Extends
Bitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. BTC fell to the $20,000 range for...
Crypto Leaks launches platform that reveals scams and corruption in the crypto space
New York, United States, 14th June, 2022, Chainwire Crypto scams and corruption have persisted for years, affecting many in their wake....
CortexDAO Listed on MEXC Global
George Town, Cayman Islands, 14th June, 2022, Chainwire CortexDAO, a DeFi index platform, announced today it has listed its CXD token on...
Highlights June 14: Cardano soars, Bitcoin down 25% in 7 days
The crypto market as a whole is mixed today. Leading cryptos continue to decline with a few exceptions. Top cryptos Bitcoin lost...
Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a...
Dohrnii DAO Crypto Giveaway: Ready to Win $100K in Bitcoin?
Do you want to win $100,000 in BTC? Yes, that’s right – Dohrnii DAO has recently announced a major crypto giveaway! In...
Cardano deploys EVM sidechain on its Testnet: ADA price shoots by more than 8% today
Cardano (ADA) is defying the general crypto market trend and it is up by more than 8% today. The price hike is pegged on Cardano’s...
Here’s why the Unifi Protocol (UNFI) price is defying gravity
The Unifi Protocol price has gone parabolic as it defies the ongoing gravity in the crypto industry. The coin has jumped to a high of...
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has...
Here is why Chainlink is up by more than 11% today
The cryptocurrency market has continued its poor start to the week, with some of the major coins and tokens recording losses over the past...
Tron Price is at a Major Risk of USDD De-Pegging
The Tron price crashed hard as investors reacted to the rising risks of its stablecoin that is known as USDD. The TRX token crashed to a...
The crypto market is closer to the bottom than stocks, says Mike Novogratz
The cryptocurrency market has lost over $200 billion in the last few days, with the market cap now below $1 trillion. Mike Novogratz, the...
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD...
Bitcoin news: Binance resumes BTC withdrawals after the temporal halt
Binance, the world’s largest crypto exchange by trading volume, has resumed Bitcoin (BTC) withdrawals after temporarily halting the...
Co-founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously
Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what...
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program....
Almost $100M exits US crypto funds in anticipation of hawkish monetary policy
Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation of hawkish monetary policy’...
Illicit crypto usage as a percent of total usage has fallen: Report
Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael...
PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the...
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to...
Legend Animator from Japan to Launch Identity Defining NFT Brand “BOSO Tokyo”
PRESS RELEASE. BOSO TOKYO announce the launch of NFT project “BOSO TOKYO” , an identity defining brand in the Metaverse To...
Bitcoin price falls below its ‘realized price’ but is it time to buy the dip?
On June 13, cryptocurrency prices plunged deeper into bear market territory after Bitcoin (BTC) sliced through its current trading range...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
Bitcoin’s month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency...
Crypto Lending Company Blockfi Cuts Staff by 20%
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative...
Chainlink – A highly undervalued cryptocurrency to buy in 2022
There is a mismatch between LINK’s price and its levels of adoption. Key points: Chainlink has dropped heavily in value and market...
Is Binance Coin (BNB) worth buying today?
Growing adoption and deflationary tokenomics make BNB crypto worth buying Key points: BNB is used for paying fees at Binance, the largest...
Decentraland continues to decline in 2022 – Should you buy
The hype around the metaverse appears to have died down a bit. But there is no doubt metaverse projects are still very hot right now. Many...
Ethereum falls by over 30% in less than a week – What next?
Like most major coins in the market, Ethereum has seen a massive sell-off over the last week or so. The coin is down about 30%, and as...
Helium’s bullish alignment could trigger an 85% rally
Broader weakness in crypto is currently pulling down many altcoins like Helium. However, the coin appears to be showing some resilience in...
Whales buy over 400 million Dogecoins in the current dip
The crypto market has quite literally crashed today. Everything is red as investors steer clear of risk assets for now. But despite this,...
7 days of consecutive losses push Bitcoin Towards $20000
Bitcoin appears to have entered a short-term bear market over the past week. This is the 7th day in a row the large-cap coin is...
Tether treasury: Celsius’ crisis won’t impact USDT reserves
Tether has announced that the USDT reserves “hold strongly” even as cryptocurrency lending provider Celsius (CEL) feels the...
Solana sees more weakness as bears push for $20
The weakness in the crypto market over the past week is taking a heavy toll on altcoins. Solana has not been spared. The coin is now in a...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin...
Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions
Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note...
Price analysis 6/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and...
Crypto news: BlockFi cuts headcount by 20% amid price meltdown
BlockFi says its intention is to remain profitable amid the tough market conditions. Crypto platform BlockFi has announced that it is...
Bank of America: 90% of survey respondents plan to purchase crypto in next 6 months
Despite the bear market sentiment, most crypto holders have plans to purchase “some amount of crypto” before the end of the...
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered...
OpiPets: The Rise of Blockchain in Formula 1
PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the...
Bitcoin analysts are watching these BTC price levels as key trendline looms
Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere. As the weekend sell-off...
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower...
Analyst: Cryptocurrency crash not solely due to Celsius Network pausing withdrawals
The cryptocurrency market has lost more than $200 billion over the past few days, and many attribute the crash to Celsius’s...
Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash
DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level...
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs...
Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K
Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop...
In this together: Musk and Saylor down a combined $1.5B on Bitcoin buys
As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly...
Bitcoin news: Binance temporarily halts BTC withdrawals
According to a tweet posted by Binance CEO, Changpeng Zhao, the crypto exchange has temporarily suspended Bitcoin (BTC) withdrawal as a...
Binance.US faces class-action lawsuit over LUNA and UST sale
Binance.US, the sister company of global cryptocurrency exchange Binance, is facing a class-action lawsuit from investors for the sale of...
How to survive in a bear market? Tips for beginners
Usually, bear markets bring about a feeling of uncertainty in any investor. Even more so for a newcomer, for whom it can feel like the end...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between...
Tron DAO Reserve deploys more assets as USDD depegs and TRX falls 18%
The general crypto Monday has started the week with a plunge, but for TRON, things have somehow started to get worse after the Tron DAO...
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020
Bitcoin fell to its lowest level since December 2020 to start the trading week, as crypto markets continue to plunge. ETH also fell...
Russian Parliament to Review Bill Prohibiting Crypto Payments
Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s...
XTRA․FUND – the World’s Only DeFi Platform That Always Rewards, No Matter the Market
The cryptocurrency Winter is (NOT) here to stay. If the media was any indicator of the current state of the cryptocurrency industry, one...
Binance ends support for Litecoin deposits and withdrawals using MimbleWimble
According to an announcement made today by Binance on its website, the crypto exchange will end the support of Litecoin (LTC) deposits and...
Bitcoin defends its support level above $22k as the bearish trend thickens
The cryptocurrency market shed billions of dollars over the weekend as the top coins and tokens underperform. The bearish sentiment in the...
Cardano price prediction: 2 reasons why ADA is plummeting
Cardano price crashed hard on Monday as it approached its all-time low. ADA dropped to a low of $0.4372, which was the lowest point since...