Tag: cointelegraph

Jun 28
Crypto community confused as Celsius continues with weekly rewards

Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals. 5191 Total views 65 Total shares Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago. As previously reported, crypto […]

Jun 28
CoinFLEX recovery plan includes tokenized bad debt and more yields

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. 978 Total views 41 Total shares Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 […]

Jun 28
Tether CTO refutes stablecoin FUD as short-sellers circle

Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States dollar-pegged crypto asset.  Speaking to his 151,600 Twitter followers on Monday, the Tether executive was responding to reports that hedge funds have been borrowing millions […]

Jun 28
Compass Mining loses facility after allegedly failing to pay power bill

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Late on Sunday, Dynamics tweeted a letter on Twitter it sent to Compass Mining which stated as of […]

Jun 28
Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

“The approval of each and every Bitcoin-linked investment product strengthens our arguments about why the U.S. market deserves a spot Bitcoin ETF,” said CEO Michael Sonnenshein. 2344 Total views 19 Total shares Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund. In a Monday […]

Jun 27
Central African Republic president launches crypto initiative following Bitcoin adoption

The Sango project’s plans include building a “legal crypto hub,” expanding the adoption of Bitcoin, and creating a “crypto island” — a special economic zone in the metaverse. 937 Total views 6 Total shares Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the […]

Jun 27
Google users think BTC is dead — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week above $20,000 but heading for a new bearish record as a key support level remains out of reach. After a calm weekend punctuated by a brief spike to nearly $22,000, BTC/USD is back near the closing price of June 24 for CME futures markets. A “round trip” thus allows […]

Jun 27
‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity

Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations. In a blog post about the claims, Nexo […]

Jun 27
Catalonia is building its own metaverse, says innovation minister

The government is hoping to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent. 1118 Total views 36 Total shares Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has taken and worked on to make the region a […]

Jun 27
Dogecoin price could rally 20% in July with this bullish reversal pattern

Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market. 79% chances DOGE will extend its rebound move DOGE’s price appears to have been painting a bump-and-run-reversal (BARR) bottom since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: […]