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Weekly News

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. Crypto traders had a brief opportunity to…

Continue ReadingBitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

The pro-crypto SEC commissioner and “Crypto Mom” had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum. United States Securities and Exchange Commission…

Continue ReadingHester Peirce expresses strong support for crypto spot ETFs and regulatory structure

Resistance is futile! 3 reasons why Bitcoin mining will never go away

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. In the summer of…

Continue ReadingResistance is futile! 3 reasons why Bitcoin mining will never go away

Three Arrows Capital has failed to meet margin calls: Report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Crypto lender BlockFi was among several companies to liquidate at least some of 3AC’s positions, according to a new report. Venture firm Three Arrows Capital (3AC) has reportedly failed to…

Continue ReadingThree Arrows Capital has failed to meet margin calls: Report

Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Watches, blockchain and NFTs combine with the launch of TAG Heuer’s new luxury wearable. Watchmaker TAG Heuer has partnered with the well-known nonfungible token (NFT) community surrounding Bored Ape Yacht…

Continue ReadingSwiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

State securities regulators investigate Celsius over withdrawal suspension: Report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market. Securities regulators from…

Continue ReadingState securities regulators investigate Celsius over withdrawal suspension: Report

Further downside is expected, but multiple data points suggest Bitcoin is undervalued

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected. The outlook across the cryptocurrency ecosystem…

Continue ReadingFurther downside is expected, but multiple data points suggest Bitcoin is undervalued
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