Browsing Archive June, 2022
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Different this time? ‘Almost all’ Bitcoin metrics are now hinting at a price bottom
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Current BTC price levels are being keenly eyed as a prime site for a macro Bitcoin price trend reversal.

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Not the best week for crypto lending: Law Decoded, June 20-27
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The Celsium failure continues to draw attention to the lending issues from regulators and community.

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Uzbekistan warms up to Bitcoin mining, but there’s a catch
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The executive order spares all the mined assets from taxation and bans mining anonymous currencies.

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Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K
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The key to survival for Bitcoin miners boils down to the delicate balance between the revenue and the operating cash flow.

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Celsius denies allegations on Alex Mashinsky trying to flee US
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Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed.

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Compass Mining loses facility after allegedly failing to pay power bill
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The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid ...

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Crypto community confused as Celsius continues with weekly rewards
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Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals.

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CoinFLEX recovery plan includes tokenized bad debt and more yields
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The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired.

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Tether CTO refutes stablecoin FUD as short-sellers circle
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Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens ...

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Institutional crypto asset products saw record weekly outflows of $423M
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Canadian investors represented a hefty $487.5 million worth of outflows for crypto investment products, with the figure partially offset by $70 million worth ...

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