CRYPTO

Crypto lending firm Celsius is not willing to go through the painful and lengthy process associated with bankruptcy filing while lawyers advocate for Chapter 11 bankruptcy.

The CEO of China's Blockchain-based Service Network (BSN) and Red Date Technology Yifan He called the crypto industry a Ponzi scheme in an article published in the state media.

Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability.

Reports say Qatar Investment Authority does not think highly of digital assets.

According to Gary Gensler, the rule should protect investors against fraud, front-running, and manipulation, in addition to providing transparency in over-order books.

"There is no doubt that there are many more crimes to be discovered in your trail of destruction," the YouTube channel claiming to be Anonymous said.

Dogecoin surged while Shiba Inu plunged.

"These actions are calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and the holders of authentic Bored Ape Yacht Club NFTs," Yuga Labs said.

Saga is designed and manufactured by OSOM, a leading Android development company whose team has extensive experience building computing hardware for Google, Apple, and Intel among others.

The founder and CEO of Binance believes that it is not possible to predict when Bitcoin will reach a new all-time high or revisit the previous one.

Lacoste is releasing a new NFT collection and aims to form a “long-term collaborative community."

Ripple, the firm behind the XRP cryptocurrency, is opening its first office in Toronto and plans to hire hundreds of blockchain software developers in the near future.

The prices of ApeCoin (APE), an ERC-20-based cryptocurrency that supports the APE ecosystem, soared during the weekend following the release of a music video by the two well-known rappers.

Meme cryptos Shiba Inu and Dogecoin trade higher too.

The dominant DeFi platforms today suffer from several major shortcomings that have prevented them from going mainstream and deterred the entry of traditional financial institutions.

Since its founding, KnownOrigin has seen significant growth as it has revolutionized the way people create, buy, and sell NFTs.

With the Shibarium launch probably imminent, the Shib Army is hyped about the developments within the Shiba Inu community.

"I’ve since lost these bets, but my actions 100% match my words. There is a difference between failing and running a fraud," Kwon said.

Shiba Inu Games is also set to launch in the Q3 of this year with PlaySide Studios and William Volk at its helm.

Registered Binance users in select countries will also be able to purchase the collections using Binance Pay.

Cryptocurrency mixers or tumblers are used to break the on-chain link between deposit and withdrawal to make transactions more private.

Uniswap's gas fees has surged by a significant amount in the last few days, peaking on June 15 at $8.36 million, beating Ethereum's $7.99 million paid in gas fees on the same day.

"To date, the Doge address used by Cliptomaner has received almost $29,000, demonstrating the potential profitability of these campaigns – especially when considering a wide range of assets," a report read.

Digital asset broker GlobalBlock analyst Marcus Sotiriou opined that the sell-off trend could be attributed to "profitability decreasing with increasing electricity prices, adding that miners are "forced to liquidate some of their Bitcoin to cover operating costs."

Binance Connect will now be added as a payment option by Trust Wallet.

Tether has announced the launch of a new stablecoin called the GBP₮ which will be pegged to the British Pound Sterling in a 1:1 ratio.

Coinbase will be "sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account." 

Shopify brings a number of features under its Consumer to Connect (Summer 2022), including tokengated commerce, a new experience for merchants and customers.

Bitcoin billionaire Sam Bankman-Fried stepped in to rescue a pair of struggling cryptocurrency firms at a time when many crypto-industry players are being hammered by some of the harshest turmoil seen by the market in years.