Crypto News Updates

Culture secretary Nadine Dorries confuses the two rugby codes in a speech at a Rugby League World Cup event in St Helens. from BBC News - Home https://ift.tt/BT6EO94

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Request Network powers payments through the blockchain Request Network token gained 58% in one day  REQ could crash as bearish signals emerge at resistance Request Network’s token REQ/USD was the talk of traders on Thursday. The crypto-token posted impressive gains of 58.21% in 24 hours, according to Coinmarketcap. The total trading volume rose by 2,654% in the same period. The gains happen amid escalating crypto weakness, with Bitcoin sliding below $19,000. The total gains in the last 7 days were 64.25%. There was no immediate trigger for the robust gains. However, today’s gains make it worth exploring more about the protocol. Request Network is a payment protocol for payment requests. It is built on the Ethereum blockchain and enables individuals to request payments. It is regarded as a bridge between the digital and physical world of payments. REQ is the native token that powers the network. As the decentralization of finance continues to grow, the Request Network ...

Hayden Wood had stayed on with a £250,000 salary after the government put the company into administration. from BBC News - Home https://ift.tt/CAK8WZF

An oppressive heatwave has broken temperature records from the Arctic Circle to North Africa. from BBC News - Home https://ift.tt/weSFk3g

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President Biden announces a strengthening by "land, air and sea" over Russia's invasion of Ukraine. from BBC News - Home https://ift.tt/dUD3rmJ

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The singer was found to have used his celebrity status to sexually abuse children and women. from BBC News - Home https://ift.tt/UfORbpq

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Salah Abdeslam and 18 others are found guilty for their involvement in an attack that killed 130. from BBC News - Home https://ift.tt/cSuCEQM

Rapper Snoop Dogg, one of the biggest celebrity personalities with a bullish outlook on the crypto and Web3 space, says the current “crypto winter” has been tough on investors as well as projects and companies. But he believes the tough market conditions will pass and that crypto is here to stay. The rapper made his comments during an  interview with CNBC on Tuesday, where he discussed NFTs and their place in the music industry. Also on the “Crypto World” show was Web3 entrepreneur Cordell Broadus, aka Champ Medici. Every industry has seen a depression Asked to comment about his outlook for the crypto sector amid the impact of the bear market, Snoop Dogg said it would “last forever.” According to him, whatever is setting crypto back today is not exclusive to it as there has been a “downfall” in other sectors too. He believes crypto, which has been rocked by the collapse of some major projects amid contagion, will emerge even better. He sees the problems facing some com...

Nicola Sturgeon wants to hold a second referendum next year, so is another vote now inevitable? from BBC News - Home https://ift.tt/AUt5OrF

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Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC) said in a CNBC interview on Monday that Bitcoin (BTC) was a commodity. Clearly, Gensler did not mention Ethereum (ETH), the second largest cryptocurrency by market cap. But did he say that Bitcoin was the “only commodity” in crypto? Scott Melker aka ‘ The Wolf of All Streets’ says the SEC chief did not make such a specification and that he was “very careful with his words.” Recap of Gary Gensler’s remarks One of the headlines had suggested that Gensler said Bitcoin was the only cryptocurrency that’s a commodity. Here’s what the SEC chair said: “ Many of these crypto-financial assets have the key attributes of a security. So some of them are under the SEC. Some, like Bitcoin, and that’s the only one I am going to say because I am not going to talk about any one of these tokens, my predecessors and others have said they’re a commodity .” According to Melker, it is clear that Gensler is “non-committal as ...

Donald Trump knew supporters had weapons when he urged them to storm the Capitol, ex-White House aide says from BBC News - Home https://ift.tt/8CaHru2

Avalanche and Solana’s core metrics give them a clear path for growth. Key Points: Avalanche subnets make the network attractive for use cases in Web 3.0.  Avalanche’s double-digit price jump last week point to its high potential if bulls retake the market this year. Solana network remains stable, a factor that could be a confidence booster now that the market is trading at record lows.  As the market bounces from seemingly the worst cryptocurrency meltdown in years, it is time to start looking for cryptocurrencies that hold the most potential in the future. That said, the market is not entirely out of the woods yet. As such, it would be best to focus on the big cap low-risk cryptocurrencies for now. Among those that hold the most potential for gains are Avalanche and Solana. Here’s why.  Avalanche – A scalable and reliable layer-1 Avalanche (AVAX) is proving to be one of the more successful layer-1 blockchains in the market today. It can comfortably handl...

England captain Ben Stokes says a county player's method rather than average "will be on the selectors' minds" when picking future Test squads. from BBC News - Home https://ift.tt/MvlwkK9

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Bloomberg’s Emily Nicolle says that the current bear market has some market differences to what was observed in 2018-2019 and early 2020- something that might help it going forward. The cryptocurrency market remains in the throes of an extended downturn, with the risk-of sentiment hitting extreme levels in a recent sell-off exacerbated by strain for several top projects and companies. Bitcoin trades around $20,400 after dipping to levels last seen in November 2020, while the total market capitalization currently stands around $976 billion. The global crypto market cap was above $3 trillion in November 2021. Crypto winter slightly different from previous cycles Emily Nicolle, a crypto analyst at Bloomberg says the crypto is firmly in crypto winter, with the market’s dalliance with leverage hurting investors and projects big time. Notably, liquidations due to price going down exposes the whole market to contagion. However, she suggests the current crypto winter, which has the indus...

Designers at Moscow Fashion Week wonder how they can stay in business without access to imported materials. from BBC News - Home https://ift.tt/6PnYA5e

England need 113 runs with eight wickets in hand to complete another superb final-day victory over New Zealand in the third Test at Headingley. from BBC News - Home https://ift.tt/Jrw2Elc

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UK coastguard footage shows the rescue of the five-strong crew by an RNLI craft. from BBC News - Home https://ift.tt/ZqGc2Rb

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A video uploaded to social media shows police shooting tear gas into crowds of protesters. from BBC News - Home https://ift.tt/x9hcp6g

Watch highlights of England's 1-0 win over Israel at the European Under-19 Championships, with Manchester City striker Liam Delap scoring the only goal. from BBC News - Home https://ift.tt/YMdBxyV

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The cryptocurrency market seems to have found the bottom and is on a rebound. The total cryptocurrency market has jumped by 4% to $964 billion in under 24 hours. If the current momentum continues, the market could push through the trillion-dollar mark before the end of June. Most altcoins are already making double-digit gains signaling a potential price rally in the short to medium term. Under these conditions, two low-cost cryptocurrencies look poised for a V-shaped recovery and could potentially be rewarding to investors. The two are ApeCoin (APE) and Shiba Inu (SHIB). ApeCoin ApeCoin has dropped considerably since making an all-time high of $26.3 back in April to trade at $4.6. However, buyers seem to be aggressively taking APE up. In just 7-days, ApeCoin has rallied by 38%, and buying volumes are rising. If the market continues with the current recovery, ApeCoin has what it takes to outperform the market by a considerable margin. It is a new cryptocurrency, but its adoption i...

Thousands of people are attending the event which has returned for the first time in three years. from BBC News - Home https://ift.tt/NUfId6G

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The YFII price has rebounded sharply in the past few days as investors buy the coin’s dip. The token is trading at $1,674, which is about 400% above the lowest level during the weekend. This price is still about 85% below its highest point on record. According to CoinGecko, DFI has a market cap of over $42 million. What is DFI.money and why is it rising? DFI is a blockchain project that is in the Decentralized Finance (DeFi) space. It is a leading platform that simply allows people to deposit their funds and then they can earn interest. It is a fork of Yearn Finance, one of the biggest blockchains in the world.  The concept behind DFI.Money is that it aggregates various protocols like Compound, dYdx, Aave, and DDEX protocols and finds the one with the highest interest. Therefore, as an investor, you will simply add funds to the network, and then it will farm around and find the one with the highest yield. After finding that asset, it then returns a proof-of-stake known as yTok...

The Copacabana and Mandy singer lunched at The Swallows Nest pub in Romsley on Tuesday. from BBC News - Home https://ift.tt/qZ4IvhP

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Solana price rose to an intraday high above $41.00 on Friday as the crypto market registered some gains following a brutal start to the week. The digital asset, which is ranked 9th among the largest cryptocurrencies with a market cap of $13.6 billion, surged from lows of $36.65 to hit $41.04 according to data from CoinGecko.. The cryptocurrency has experienced a bullish move over the week, with SOL/USD having traded at around $27.64 on 19 June. Solana price jumps on Saga phone news On Thursday June 23, Solana Labs, the platform behind the development of the Solana ecosystem, released a major reveal that coincided with SOL price going up. The hot news concerned the launch of Saga, a flagship crypto-focused smartphone designed to help drive Web3 adoption, including the use of NFTs. The news was a boost not just to Solana, but the wider crypto ecosystem, Alex Belets, the CEO of UniLayer Network, a L1 blockchain and interoperability platform, told  CoinJournal . Solana is...

The tape recording, made in 1964 by a Hull student, fetched £3,100 at auction. from BBC News - Home https://ift.tt/2c4rVZU

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Tickets to see the former Beatle at the Cheese and Grain in Frome on Friday sold out within minutes. from BBC News - Home https://ift.tt/lDQ1cYn

A Russian soldier is tried in his absence for rape and Ukraine moves closer to EU membership. from BBC News - Home https://ift.tt/0pu3W4O

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FTX U.S. President Brett Harrison  told CNBC’s ‘Squawk Box’ on Thursday that the crypto industry is still seeing huge venture capital investments despite the tough times occasioned by the bear market. According to the FTX US boss, while the industry continues to face the blunt force of the crypto winter, markets will eventually recover. He notes more capital, as projects take the downturn as an opportunity to build, bringing in new talent and products, a bounce out of the hole could see more people adopt crypto and related services.   Different methods of valuing Bitcoin Talking specifically about Bitcoin, the world’s leading cryptocurrency, Harrison says there are different ways of looking at BTC’s value. He notes that different people look at this aspect differently. “ It’s difficult ,” he told CNBC as he discussed some of the different methods of looking at Bitcoin. “T here are a lot of different proposed methods. Some of it has to do with the future flow of all the...

Cardano was up for a few days of recovery after the crypto market rebounded over the last weekend. At one point, ADA in fact managed to surge past the crucial $0.5 price. Many analysts expected the coin to consolidate above this but it has since pulled back below. So, what happens next for ADA? Here are some notable highlights first: ADA has retreated slightly but could still retest $0.5 with improved sentiment The coin will however need to see a surge in trade volume for this to happen Failure to reclaim $0.5 could push ADA back to the $0.380 support in the short term Data Source: TradingView  Cardano price analysis and prediction After a major sell-off in crypto over the past week, the market began to recover this weekend. ADA in fact went above $0.5, a crucial support zone that it had managed to hold for a few weeks. However, the altcoin failed to keep the price there.  Instead, ADA retreated and is now trading at around $0.48. However, there is still an opp...

As the crypto market roars back modestly, Shiba Inu has been posting massive gains. Over the past three days alone, the coin is up nearly 55%. However, it looks like this upward momentum is about to face its biggest test yet. SHIB is now facing a major resistance zone. Will it manage to keep going? Here are some takeaways: SHIB faces major resistance at the $0.0000104 mark A rejection at this price could trigger a decisive pullback SHIB however appears to have enough momentum to overcome Data Source: TradingView  How long will SHIB rally? After gaining 14% over the last 24 hours, SHIB is now outperforming the market. The coin has also reported gains on its fourth straight day. This renewed momentum comes against the backdrop of growing uncertainty in investor sentiment around meme coins. But despite this, SHIB now faces its biggest hurdle as it tries to overcome the $0.0000104 resistance.  If the coin fails to clear this price, we are likely to see at least a 1...

The prime minister says talk of a blockade is untrue and a tiny amount of goods are affected. from BBC News - Home https://ift.tt/hX3CgEH

Sanctions leave Russia's exclave on the EU's borders struggling to trade. from BBC News - Home https://ift.tt/9UkfSMv

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This new week has started somewhat positive for crypto. Most coins have continued the weekend rally, with Graph posting some decent gains over the past 3 days. The coin has however seen some slight pullback today but overall, the uptrend momentum is still strong. With increased trading volume, we could see GRT gain further before the week is out. Here are some key points: GRT managed to overcome long-term resistance at $0.093. The coin is still above this price despite today’s 5% pullback We expect GRT to resume its bull run and could hit $0.15 in the coming days. Data Source: TradingView  GRT price prediction and analysis GRT, like many other coins in the market, has seen a short period of steady recovery after prices crashed a week or so ago. The token has in fact reported three straight days of gains. As it builds momentum, GRT has also managed to overcome a crucial long-term resistance zone of $0.093. This has pushed the token slightly above $0.1, where it was c...

There have been some worrying trends in crypto recently, but one in particular caught my eye last week. Solend, the lending platform based on Solana, passed a government vote to take over a private wallet. The private wallet (referred to henceforth as the “whale”) deposited 5.7 million SOL, currently worth $200 million, onto the lending platform. Against this position, the whale borrowed $108 million of stablecoins. The 5.7 million SOL tokens comprised over 95% of total deposits on the platform. The problem arose when the Solana price tanked alongside the wider market, reducing the value of the whale’s collateral drastically and bringing into play a potential liquidation scenario. In this event, the market would be flooded and potentially crater the value of the Solana token. “In the worst case, Solend could end up with bad debt,” Solend said. “This could cause chaos, putting a strain on the Solana network.” Consequences of liquidation Plotting this amount of SOL against the trad...

Civilians take their last chance to escape Lysychansk, and a centre for 60 Ukrainian families in Wales. from BBC News - Home https://ift.tt/DZnO6si

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Like so many other cryptocurrencies in the market, Elrond has reported steady gains at the start of the week. The coin in fact appears to be getting ready for a massive bull run after it managed to break out of a two-month resistance trendline. But how far can the coin go, and will the uptrend actually last? Here are some pointers: EGLD has managed to convert $56.3 from resistance to support The coin has struggled to cross above this price for the best part of 3 months The breakout presents a real prospect of a decent uptrend for EGLD Data Source: TradingView  How far can EGLD go? At the moment, EGLD appears to be setting the stage for a run towards $75 or thereabout. This will represent a gain of 25% from the current price. Crossing above $56.83 is a major feat for the coin. The price is sandwiched between long-term resistance and EGLD’s 20-day EMA.  At press time, the coin was selling for slightly above $60. This means that EGLD has surged past a long-term re...

At least 32 people have been killed following heavy downpours that triggered flooding in the country. from BBC News - Home https://ift.tt/WIETqrN

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VeChain announced today that its long-awaited VIP-220 feature has finally gone live. The feature is seen as a huge step in VeChain’s effort to achieve the Proof of Authority 2.0 consensus. It is a step closer to making the chain more efficient and less costly compared to other competitors. Here are some of the highlights: VIP-220 began testing on a private test net today The news did not have any big impact on the price, with VET seeing a modest 5% rise. But VIP-220 is huge for the long-term success of VeChain. Data Source: TradingView  What will VIP-220 do for VeChain? VIP-220 is the last part of VeChain’s proof of Authority 2.0 consensus. So far, the first two components which include verified randomness or VRF have already been launched. VeChain is simply getting closer to deploying an elaborate PoA with a small number of validators.  PoA is seen as an innovative way to scale blockchains, reduce fees, and create a green and energy-efficient decentralized fut...

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MicroStrategy CEO Michael Saylor says there’s a whole list of aspects and practices that are hurting Bitcoin. Referring to these as a “parade of horribles”  Bitcoin has plummeted more than 70% since hitting an all-time high of $69k in November 2021. Over the past seven days, the cryptocurrency’s value has dropped more than 30%, with BTC currently near $20,000 per coin. It traded at lows of $17,600 over the weekend.  Saylor says Bitcoin would experience less volatility were it not for a number of negative factors within the crypto market. He made his remarks during a discussion with Northman Trader’s S ven Henrich. My discussion yesterday with @NorthmanTrader reviewing economic developments during the past two years, investment strategy during the macro storm, #bitcoin volatility drivers, milestones for mainstream adoption, and the current crypto regulatory outlook. https://t.co/bEx1iM9Dmz — Michael Saylor⚡️ (@saylor) June 18, 2022 Saylor’s “parade of horribles” ...

Ros Atkins examines why a dispute between the RMT union and employers has led to strike action. from BBC News - Home https://ift.tt/sdeP3Qo

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Miami, USA / FL, 20th June, 2022, Chainwire Accumulate is announcing a whitelist for 10,000 Web3 enthusiasts to join in order to gain early access to claim a unique Accumulate Digital Identifier or ADI, which users will be able to use once the Accumulate Mainnet launches. What are ADIs ADIs refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain. Traditional blockchains are organized based on randomly generated public and private key pairs which are used to store funds and record transactions on a distributed ledger. Current blockchain key management systems lack simplicity for the average user. The common approach of using the first and last characters of an address can leave users exposed to what is called the ‘man-in-the-middle attack’, which is a form of cyber attack where a bad actor could intercept or manipulate a transaction by injecting wrong information or changing the recipient’s address to their own. This is made...

Yair Lapid is set to take over as prime minister in the coming days with fresh elections expected. from BBC News - Home https://ift.tt/FlCANre

The overall crypto market is now reporting a major decline. Many analysts see a combination of factors at play including rising Fears of recession, tightening monetary policy, and run-away inflation. The downtrend will also continue for a few more weeks before we see some trend reversal. Here are some of the main bear market facts in crypto. Bitcoin and Ethereum, two of the biggest coins, have all reported over 35% declines in 7 days. Overall market cap in crypto has fallen below $1 trillion. BTC also dropped below $20,000 for the first time since 2020. So, with all this doom and gloom, it can be hard to find coins that are actually performing. No worries because the ones below are doing quite well: UNUS SED LEO (LEO) The LEO token has somewhat defied the odds. The coin has seen major gains over the past weeks in fact, it’s only 40% down from its all-time highs.  Data Source: TradingView  Compare this to other coins that are so far 80 – 90% lower from their AT...

Three suspects have already been arrested by police in connection with the murders of the two men. from BBC News - Home https://ift.tt/TvSzsHt

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Ukraine's parliament also voted to ban the import of books from Russia and Belarus. from BBC News - Home https://ift.tt/6xLhAGg

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