Today at Chaintalk News

July 2, 2022

Crypto Asia Summit Report – The Top Crypto Virtual Event Of 2020

By ChainTalk TV

Article, News, Press Release

Article

Crypto Asia Summit Report – The Top Crypto Virtual Event Of 2020

The Crypto Asia Summit was a 5 day virtual event bringing the top experts in crypto and blockchain from all around the world to discuss

May 25, 2020 3:24 pm

cryptocompare

DOJ charged six men in crypto fraud cases

The Department of Justice (DOJ) announced that six people involved in four cryptocurrency-related, including the largest known Non-Fungible Token scheme, have been charged. Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losseshttps://t.co/9RUla6pJq5 pic.twitter.com/FWTiMl9NUu — Criminal Division (@DOJCrimDiv) June 30, 2022 The DOJ said […]

cryptocompare

LedgerX DEX – The Worlds Most Advanced Decentralized Exchange Is Now Live

NuGenisis, the world’s leading provider of blockchain technology and Meta hardware, has launched its much-anticipated Ledgerx.exchange. The new exchange is able to transact at over 100000 transactions a second, making it one of the fastest decentralized exchanges in operation. NuGenisis, the world’s leading provider of blockchain technology and Meta hardware, has launched its much-anticipated Ledgerx.exchange. […]The post LedgerX DEX – The Worlds Most Advanced Decentralized Exchange Is Now Live appeared first on NullTX.

cryptocompare

Soluna: The Business Of Turning Wasted Energy Into Cash Via Bitcoin Isn't Sustainable

Soluna is in the business of buying curtailed renewable energy to provide energy-intensive computing services for profits such as using curtailed energy to mine Bitcoin.Soluna's business model might backfire as the curtailed renewable energy subsector is expected to shrink as great efforts (e.g. CAISO) are invested to solve the curtailment problem.We explained the drivers of curtailment of energy, how curtailment can be solved, and Soluna's possibility of conflict of interest in this matter.According to Soluna's cost structure, sourcing curtailed renewable energy doesn't provide it with competitive advantage in cost as Soluna's energy cost per BTC mined is about 2x more than MARA and IREN.Based on 2023 expected capacity, Soluna is priced fairly relative to other miners such as MARA, RIOT, and IREN.IntroductionWe're currently on the hunt for alpha in the Bitcoin mining sector. Since May 2021, we've been warning investors about a coming bear market that was depicted by Bitcoin's (BTC-USD) decade-old cycle. More specifically, we discouraged investors from taking positions in Bitcoin mining companies as Bitcoin mining companies are more volatile than Bitcoin and possess additional risks such as insolvency. We've recently updated our outlook on Bitcoin and expect Bitcoin to end its bear market by end of 2022 before entering its recovery phase that spans another 1 to 2 years. Therefore, this will be a good time to seek alpha in the ...

cryptocompare

SEC’s Rejection of Grayscale ETF Poses Regulatory Quandary

On Wednesday, June 29, 2022, the U.S. Securities and Exchange Commission (SEC) published an 86-page decision, “Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, to List and Trade Shares of Grayscale Bitcoin Trust under NYSE Arca Rule 8.201-E,” which in essence is a rejection of Grayscale’s exchange-traded fund (ETF). There are a […]The post SEC’s Rejection of Grayscale ETF Poses Regulatory Quandary appeared first on The Daily Hodl.

cryptocompare

Shiba Inu drops below previous support: Expect another major crash?

Shiba Inu price analysis for July 2, 2022, comes on a bearish note for the 2nd biggest meme coin in the crypto market as we can confirm that the SHIB token prices dropped by more than 3% in the last 24 hours. Furthermore, we also saw the token break below $0.000010 which was an important […]The post Shiba Inu drops below previous support: Expect another major crash? appeared first on Blockchain, Crypto and Stock News.

cryptocompare

Solana [SOL]: Rebound from median of Pitchfork can open doorways for…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana’s [SOL] recent drop below its 38.2% Fibonacci support provoked a robust decline toward the 61.8% level. The two-week trendline support (white, dashed) cushioned the recent retracements in the four-hour timeframe. A rebound from […]

cryptocompare

Dogecoin least affected by the crypto market sell-off: Buy now?

Dogecoin price analysis for July 2, 2022, comes on a bearish note for the biggest meme coin in the crypto market as we can confirm that the DOGE token has failed to break into an uptrend and it seems that investors can expect lower prices in the coming days as well. However, an important fact […]The post Dogecoin least affected by the crypto market sell-off: Buy now? appeared first on Blockchain, Crypto and Stock News.

cryptocompare

NFT Artist Uses DAO to Support the Fight for Reproductive Rights in U.S.

10,000-piece NFT collection will raise support for woman's rights fight.Continue reading NFT Artist Uses DAO to Support the Fight for Reproductive Rights in U.S. at DailyCoin.com.

cryptocompare

Bitcoin Is A New Paradigm Of Stakeholder Capitalism

If bitcoin becomes the world’s reserve currency, we can add scarcity and consequences back into the system to stop the cycle of moral hazard and malinvestment.

cryptocompare

Solana fails to reclaim $35: A bearish future might be in store for investors

Solana price analysis for July 2, 2022, comes on a bearish note for the SOL coin as we can have seen the prices drop by nearly 7% in the last 24 hours after the token failed to reclaim the $35 price level and make a move to take over the $40 price level and turn […]The post Solana fails to reclaim $35: A bearish future might be in store for investors appeared first on Blockchain, Crypto and Stock News.

cryptocompare

Bitcoin, Ethereum, Fantom, and Neo Daily Price Analyses – 01 July Roundup

The changes in the global crypto market continue as it has seen no difference. Its pace continued bullish over the last day, while now it seems to be reversing its gains. Bitcoin and other coins in the market face the same dilemma regardless of their sizes. These changes have resulted in lowering the market’s gains...

cryptocompare

Hiring top crypto talent can be difficult, but it doesn’t have to be

How to identify top crypto talent in the recruitment process: Hire a diverse range of people who have the required attributes without lowering your standards.

cointelegraph

Hiring top crypto talent can be difficult, but it doesn’t have to be

How to identify top crypto talent in the recruitment process: Hire a diverse range of people who have the required attributes without lowering your standards.

cryptocompare

Ethereum fails to reclaim $1100: Set to break below a key support level?

Ethereum price analysis for July 2, 2022, comes on a bearish note for the world’s 2nd biggest cryptocurrency as we can confirm that Ether dropped more than 3% in the last 24 hours which means that lower prices can be expected in the near future as well. It is important to note that Ether aims […]The post Ethereum fails to reclaim $1100: Set to break below a key support level? appeared first on Blockchain, Crypto and Stock News.

cryptocompare

US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin

The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO […]

cryptocompare

Bitcoin on the verge of collapse as we might see BTC lose this price level

Bitcoin price analysis for July 1, 2022, comes on a bearish note for the world’s biggest cryptocurrency as we can confirm that the token has fallen by more than 5% in the last 24 hours and it seems that we can expect another price crash in the near future if BTC loses the $19K price […]The post Bitcoin on the verge of collapse as we might see BTC lose this price level appeared first on Blockchain, Crypto and Stock News.

cryptocompare

Coinbase Plans European Expansion Amid ‘Existential Priority’

Nasdaq-listed cryptocurrency exchange Coinbase (COIN) is planning to expand throughout Europe to fuel its growth in new users and revenue by registering in markets that include Italy, Spain, the Netherlands, and France. According to Bloomberg, the company is building up its presence in Europe and is in the process of registering in markets throughout the […]

cryptocompare

Huobi Founder Li Lin To Sell His Stakes Amidst Crypto Market Crash

The post Huobi Founder Li Lin To Sell His Stakes Amidst Crypto Market Crash appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideColin Wu a chinese journalist, reported news about Li LIn, a founder of Huobi . He reported through his tweet that Li Lin was willing to sell his share at Huobi company. Huobi is among the top crypto industries in the world. The company has been doing good and its among the most used exchanges …

cryptocompare

Just As The Harlem Globetrotters Changed Basketball Forever, The Perth Heat Can Change Sports Forever With Bitcoin

An Australian baseball team, the first to fully adopt a bitcoin standard, is well-positioned to be a bitcoin advocate in the sports world.

cryptocompare

Is Bitcoin really cheap at $19,000? Assessing if it could go further down

El Salvador’s president Nayib Bukele announced on 1 July that his country added 80 Bitcoin [BTC] to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that he described as cheap. El Salvador bought today 80 #BTC at $19,000 each!#Bitcoin is the future! Thank you for […]

cryptocompare

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

The World Of Women NFT collection has great marketing, strong leadership, and first-mover advantage. Plus, a flourishing community. Also, behind the punks and the apes, these ladies seem to have the biggest celebrity support. From World of Women’s partner Reese Witherspoon to Eva Longoria, to Bryce Dallas Howard; from Snoop Dogg to Gary Vee, everyone wants to be a part of the club. Launched in July 2021, the WoW digital collectibles are technically ERC-721 tokens. The collection lives in the Ethereum blockchain, and its high-quality images are hosted on IPFS. It’s a for-profile picture or PFP, like most successful NFT collections. The World Of Women consists of 10,000 unique algorithmically generated pieces. The collection’s main artist is Yam Karkai. Among other things, World Of Women holders get immediate intellectual property rights over the piece they own. And they can download a high-resolution version with ease to use it as they please. They become automatic voting members of DAWOW, the DAO that controls the World Of Women community. And they’re part of a club that each month receives “ArtDrops,” free NFTs from interesting artists from around the world directly to their inbox. Plus, they also get members-only discounts, raffles, pre-sales, and mint passes. So, utility is strong in this NFT collection. The main reward, though, is being part of an organization that’s a net positive for women and inclusion worldwide. So far...

cryptocompare

DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull

A global Ponzi scheme, an ICO, and an Investment fund — together worth nearly $130 million — featured in the indictment brought by US Justice Department.

cryptocompare

$XRP Ledger Sees Network Activity Explode to 2-Year High

Activity on the $XRP Ledger has reached its highest value in over two years after the number of unique addresses interacting with the network exceeded 200,000 for the first time since February 2020. According to data from on-chain analytics firm Santiment, the increase in the number of active addresses on the network represents a 685% […]

cryptocompare

NEAR Technical Analysis: Buyers Struggling To Form Reversal Pattern

NEAR prices action struggles to take an upside turnaround as it retests the bullish breakout of the falling channel pattern. Key technical points: The market price has increased by 3.43% over the past 24 hours. The price action shows lower price rejection candles forming at the broken resistance trendline. The 24-hour trading volume of Near Protocol is $241 Million, indicating a rise of 6.94%. Past Performance of NEAR NEAR price action shows a bullish reversal from the $3 mark resulting in the falling channel breakout to reach $4.15. However, the bears retake trend control with a tweezer top formation resulting in a drop to the broken resistance trendline at $3.30. The retest rally struggles to regain the bullish momentum to showcase a post-retest reversal from the resistance trendline. Source- Tradingview NEAR Technical Analysis The NEAR daily candles showcase lower price rejection with tail formation over the past two days teasing the possibility of a morning star pattern. Hence, traders can expect the price to reverse sharply with a jump above the $3.5 mark. The MACD and the signal lines struggle to keep a bullish trend as they approach the zero line, as the shrinking spread suggests a bearish crossover. Thus, the indicator reveals an underlying decline in the bullish sentiments. The RSI indicator displays a recovery in the buying pressure as the slope rises from the 14-day SMA after dropping below the halfway line. Therefo...

cryptocompare

Three Arrows Capital Files For Bankruptcy: Report

The bear market has mauled yet another high-flying crypto firm.

cryptocompare

ApeCoin [APE] traders willing to go short can make most of this pattern

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since attaining its all-time high (ATH) on 28 April 2022, the ApeCoin [APE] selling spree has kept the alt below its daily 20 EMA (red) and the 50 EMA (cyan). The recent streak of […]

cryptocompare

Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela

Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers […]

cryptocompare

Reusing Bitcoin Addresses Can Lead To Private Keys Being Stolen

Only using Bitcoin addresses one time is best practice. By using addresses more than once, users give up information that can result in negative outcomes.

cryptocompare

High Utility Tokens With Stable Cryptocurrency Prices

As the cryptocurrency market goes through one of its most historic collapses, the questions on the lips of many revolve around tokens to buy and earn steady profits. But as research has shown, such cryptocurrencies must also offer real-life applications and utility. Curve DAO (CRV), Logarithm Finance (LOG), and Klaytn (KLAY) offer all these features....

cryptocompare

Coinbase NFT Releases New Features as It Struggles to Attract Traders

Coinbase continues to build out its eight-week-old NFT marketplace touting an engagement-first approach.

cryptocompare

Snoop Dogg Still Bullish On Ethereum Despite NFT Trades Declining 70%

American rapper Snoop Dogg has been one of the most prominent names when it comes to the non-fungible token (NFT) and Web3 space. Snoop Dogg has launched several projects across different blockchains and has shown vast interest in the space as a whole. As the market heads into a full-blown bear cycle, most investors in […]

cryptocompare

Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?

Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit consistently appear on the top of the list for the exchanges with the most trading volume and have become a natural home for perpetual traders. That is why changes across these platforms can be significant to market movements. Related Reading | Holding Back The Bears: Why Bitcoin Must Break $22,500 Funding rates have been fluctuating at and below neutral for the better part of the month but the latter looks to have finally won out. After bitcoin had dropped below $20,000 last week, expectations had been that more traders would want to get in given the low prices. However, it has gone the other way as average funding rates are now in the negative. Both Binance and ByBit have recorded average funding rates of -0.0015 for last week. A significant drop from the neutral 0.01% average aggregated funding rates. What this shows is that the bearish sentiment among the per...

cryptocompare

EGLD Technical Analysis: Elrond Prices Turns Bullish At $50

EGLD prices action shows a bullish turnaround from the psychological mark of $50 with a potential morning star pattern formation. Key technical points: The EGLD market price has increased by 4.45% over the past 24 hours. The price action warns of a long wick candle formation due to the rejection at the 50-day SMA. The 24-hour trading volume of Elrond is $53.59 Million, indicating a rise of 3.41%. Past Performance of EGLD EGLD price action shows a bullish reversal from the $41 mark resulting in a resistance trendline breakout to reach $64. However, the bears retake trend control with excessive selling pressure resulting in a drop to $50. The retracement rally struggles to crack under the psychological mark again as the buyers prepared for a morning star pattern after the Doji formation yesterday. A morning star forms following a downward trend, indicating the start of an upward climb. The pattern consists of three candles, the first being a highly bearish candle, the second a Doji or a small-bodied candle, and finally followed by a bullish candle. Source- Tradingview EGLD Technical Analysis The EGLD daily candles showcase lower price rejection with tail formation over the past two days teasing an incremental growth in buying pressure. Hence, traders can expect the price to sustain above $50 this week. The MACD and the signal lines struggle to keep a bullish trend as they approach the zero line, as the shrinking spread suggests ...

cryptocompare

Polkadot price analysis: DOT could fall as low as $5 before current decline halts

Polkadot price analysis continues to show bearish signs as price declined more than 4 percent over the past 24 hours, moving as low as $6.58. DOT is facing an extended spell downwards with the current decline initiating on June 25, 2022 at the $8.35 mark. Since then, Polkadot price has moved more than 22 percent...

cryptocompare

Launchpads Provide Regular Investors With Better Opportunities

Before launchpads were a thing, buying presale tokens were uncommon. When crypto first came into existence, crypto projects did not go through a presale phase but instead just publicly launched. A prime example of this is Bitcoin as it was the first cryptocurrency to exist. Obviously, the crypto market was nowhere near the same as...

cryptocompare

Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

Despite the ongoing all-out crypto crisis, the US exchange wants to expand its presence in Europe.

cryptocompare

STEPN: How Play-to-Earn gaming tokens have fared since the launch of its DEX

Amidst regulatory sanctions, DDOS attacks, and the general market downturn that has impacted the activities of the leading play-to-earn gaming platform, STEPN launched its decentralized exchange (DEX) on 11 June. By a whitepaper published by the team, the DEX was referred to as DOOAR. The DEX allows the users of the gaming platform to provide […]

cryptocompare

Experts explain how music NFTs will enhance the connection between creators and fans

Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with Crypto Steez about the future of Web3 and music NFTs.

cointelegraph

Experts explain how music NFTs will enhance the connection between creators and fans

Monstercat CEO Mike Darlington and Metalink founder Jake Udell chat with NFT Steez about the future of Web3 and music NFTs.

cryptocompare

Three Arrows Capital files for Chapter 15 bankruptcy in New York

Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York.

cryptocompare

The Historic Significance of Tether’s $16B ‘Bank Run’

Tether whales rushed to redeem $16 billion in USDT following the collapse of Terra’s algorithmic stablecoin, rivaling history’s largest bank runsThe post The Historic Significance of Tether’s $16B ‘Bank Run’ appeared first on Blockworks.

cryptocompare

Bitcoin ($BTC) Just Had Its Worst Quarter in Over a Decade, Data Shows

The price of the flagship cryptocurrency Bitcoin ($BTC) has posted its worst quarterly performance in more than a decade, as in the second quarter of this year it lost around 58% of its value, going from $45,524 to just under $19,000 at the end of the three-month period. According to data from CryptoCompare, as first […]

cryptocompare

Crypto Likely To Rally in Coming Months As Traditional Assets Fall, Says CEO of $5,100,000,000 Hedge Fund

Pantera Capital CEO Dan Morehead believes crypto assets will diverge from traditional assets such as stocks, bonds and real estate. In a CNBC interview, the crypto hedge fund CEO says the prices of digital assets will likely be going up in a year as interest rate hikes cause traditional assets to trend downwards. “One of […]The post Crypto Likely To Rally in Coming Months As Traditional Assets Fall, Says CEO of $5,100,000,000 Hedge Fund appeared first on The Daily Hodl.

cryptocompare

DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme

The U.S. Department of Justice (DOJ) is pressing charges against a Solana (SOL) non-fungible token (NFT) developer who allegedly pulled the rug on investors. According to a new press release, the DOJ is charging Vietnamese national Le Anh Tuan with one count of conspiracy to commit wire fraud and one count of conspiracy to commit […]The post DOJ Announces Charges Against Solana-Based NFT Developer for Alleged Rug Pull Scheme appeared first on The Daily Hodl.

cryptocompare

Three Arrows Capital’s Su Zhu Puts Singapore Mansion Up for Sale

Su Zhu, the billionaire co-founder of embattled Three Arrows Capital (3AC) has put up one of his luxury mansions for sale. According to Bloomberg citing sources close to the transactions, Zhu’s mansion, a so-called good-class bungalow which is the local equivalent of a mansion in Singapore, is being listed at a price of $35 million […]The post Three Arrows Capital’s Su Zhu Puts Singapore Mansion Up for Sale appeared first on Blockchain, Crypto and Stock News.

cryptocompare

Why Bitcoin Could Return To $28,000, But By The End Of 2022

Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the macro-economic environment. Related Reading | Why Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry The analysis was conducted by Marion Laboure and Galina Pozdnyakova and it predicts a 30% rally for Bitcoin by the end of 2022. This is still far from the cryptocurrency’s previous all-time high of around $69,000. The report fails to provide reasons that support the bearish theory. The analysts believe that Bitcoin’s correlation with the stock market will continue to play against it, and while they predict a bounce in equities, they believe BTC’s price will lag in terms of performance. For the stock market, the Goldman Sachs analysis predicts a resume on its bullish momentum and a potential bounce to its January 2022 levels. In the meantime, Bitcoin could reach $28,000 which is over $10,000 less than its January 2022 levels. Why will BTC underperform the stock market? It is unclear. As usual for legacy institutions, the analysts dismissed Bitcoin’s fundamentals and compared it to the diamonds market which they claimed to bloomed on the back of “marketing”: By marketing an idea rather than a product, they built a soli...

cryptocompare

Grayscale Faces Uphill Battle With Lawsuit Against SEC

Crypto industry watchers are unconvinced Grayscale can win its lawsuit to overturn decision on spot bitcoin ETFThe post Grayscale Faces Uphill Battle With Lawsuit Against SEC appeared first on Blockworks.

cryptocompare

Zcash retests $56 as resistance; these Fib levels can serve as support

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Since early April, Zcash has been on a steady downtrend. It formed a peak at $210 in late March, but its higher timeframe market structure has been bearish since mid-April. At that […]

cointelegraph

Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.

cryptocompare

Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.

cryptocompare

iExec RLC Technical Analysis: Soars 35% While Buyers Target $1.50

iExec RLC bulls are firmly in control as per the formation in the daily chart. With the RLC token surging 35%, buyers have their targets at March 2022 lows at $1.50. Past Performance of iExec RLC iExec RLC crypto is one of the top-performing assets. The RLC coin is up double digits in the past 24 hours, adding an impressive 35 percent against the USDT. Notably, from the daily chart, buyers are doubling down as prices surge above critical resistance levels. As the RLC token expands, traders might find entries to add to their longs while targeting Q1 2022 lows. iExec RLC Technical Analysis Overall, buyers are in charge, and the RLC coin is in a firm uptrend. Per the RLC token candlestick arrangement, every low may provide entries for determined buyers. Supporting this preview are bull bars riding the upper BB pointing to high momentum. At the same time, the divergence of the upper BB from the middle BB indicates increased volatility. Accordingly, traders can load the dips above $0.98 while targeting the Q1 2022 lows at $1.50. What to Expect from RLC? Bulls are upbeat, and the iExec RLC technical analysis supports buyers considering gains in the daily chart. In subsequent sessions, bulls may find entries above $0.98 targeting the immediate reaction level marking March 2022 lows.The post iExec RLC Technical Analysis: Soars 35% While Buyers Target $1.50 appeared first on Cryptoknowmics-Crypto News and Media Platform.

cryptocompare

Struggling crypto lender Babel Finance reportedly employs Houlihan Lokey

Troubled cryptocurrency lender Babel Finance is reportedly hiring Houlihan Lokey (NYSE:HLI), an investment banking firm specializing in financial restructuring, CoinDesk reported Friday, citing two people with knowledge on the matter.“Babel is looking at restructuring," one of the people told CoinDesk. "They’ve hired Houlihan Lokey or are in the process of hiring them. They’re in the process of signing an engagement letter.”The move comes after Hong Kong-based Babel suspended client withdrawals due to "unusual liquidity pressure." A string of crypto lenders such, namely Celsius Network and CoinFlex, have also suspended withdrawals amid turbulent market conditions."They [Babel] are the next major one to have some kind of some kind of outcome over the next couple of weeks, whether it’s sorting out and getting buy-in from creditors or declaring insolvency or default,” the person said, as quoted by CoinDesk. Earlier, Voyager Digital (OTCQX:VYGVF) suspended withdrawals, deposits and trading.

cryptocompare

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

In what the CFTC described as the largest-caught scam involving BTC, the regulator has charged a man and a global community pool.

cointelegraph

DappRadar and LayerZero launch chain-agnostic staking token

A new staking mechanism through RADAR token has been created that is set to minimize gas fees and support recurring APR across multiple blockchains.

cointelegraph

Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default

The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations.

cointelegraph

Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer

Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.

cointelegraph

Battle-hardened Ronin bridge reopens following $600M hack: Finance Redefined

While price volatility remained a key factor, major DeFi tokens registered double digit loss over the past week as the DeFi TVL hovers near $50 billion mark.

cointelegraph

BlockFi announces deal with FTX US, including 'option to acquire' for $240M

According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.

cointelegraph

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

Traders expect Bitcoin to swoop below its swing low before the price flattens out and altcoins begin to recover.

cointelegraph

Ignite CEO announces departure after seven years

Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite's split to two firms in May.

cointelegraph

June roundup: Who's hiring and who's firing in the crypto space

Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts.

cointelegraph

June gloom takes on a new meaning in another 2022 down month

The addresses mainly run by active human traders have notched more than 147,000 addresses for the first time since November.

cointelegraph

Bear market? “So what,” says World Chess Champion Garry Kasparov

Cointelegraph sat down with Chess Grandmaster Garry Kasparov at Consensus 2022 to get his thoughts on the crypto and NFT market.

cointelegraph

Tether continues to reduce commercial paper in sharp reduction since March

The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.

cointelegraph

Argentina carries out crypto wallet seizures linked to tax delinquents

Argentinian tax dodgers are seeing their cryptocurrency wallets seized by the local tax authority.

cointelegraph

Ashanti aims to bring women to Web3, says “owning is important” at NFT music meetup

R&B legend Ashanti explains how music NFTs have allowed her to own her intellectual property during a panel discussion at her first-ever crypto event.

cointelegraph

Experts weigh in on European Union’s MiCa crypto regulation

Modulus CEO Richard Gardner believes that the new regulation may signal the end of the current digital asset downturn.

cointelegraph

TON Foundation launches Ethereum Name Service-like domain names

After launching the TON DNS, the TON Foundation will conduct an auction of the first “.ton” domain names on July 30.

cointelegraph

What bear market? This token is quietly making new highs, up 300% against Bitcoin in 2022

Unus Sed Leo price technicals, however, suggest that the uptrend could correct in H2 2022.

cointelegraph

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum

A Chainalysis report analyzes the layer-1 blockchain ecosystem, questioning if alternative L1s will continue to challenge Ethereum this crypto winter.

cointelegraph

Self-custody is key during extreme market conditions: Here's what experts say

Self-custody is what crypto was built for, while bear markets are nothing new to Bitcoin and other cryptocurrencies, industry executives say.

cointelegraph

Deutsche Bank analysts see Bitcoin recovering to $28K by December

Deutsche Bank analysts forecast a 30% recovery for Bitcoin by December driven by correlation to S&P 500.

cointelegraph

Coinbase denies reports of selling customer data to the US government

Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes.

cointelegraph

Not giving up: VanEck refiles with SEC for spot Bitcoin ETF

VanEck believes nothing should prevent the SEC from approving a pure Bitcoin ETF after the regulator greenlighted Bitcoin futures ETFs in 2021.

cointelegraph

Bitcoin price: June close barely beats 2017 high as Coinbase Premium flips positive

The worst month and quarter since 2011 for Bitcoin come as Michael J. Burry warns U.S. stocks are only halfway done with their declines.

cointelegraph

MakerDAO members shoot down proposal for more centralization

MakerDAO members turned up in record numbers to preserve the principles of decentralization, setting new precedents for future DAO governance.

cointelegraph

Multisigs mean funds in bridges are ‘one small slipup’ from being hacked

Industry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions.

cointelegraph

Hundreds of Bored Ape owners sign up to hire out their NFTs to brands

“A brand can hit HIRE on an ape, and we will bring the deal to the ape’s owner if both parties agree — and only if — the deal moves forward,” said Mouse Belt co-founder Patrick McLain.

cointelegraph

Better days ahead with crypto deleveraging coming to an end — JPMorgan

A strategist at JPMorgan predicts that the worst of the bear market could be over as stronger crypto firms have come in to bail out the industry in the midst of major deleveraging.

cointelegraph

Ethereum fork a success as Sepolia testnet gears up to trial the Merge

The difficulty bomb has been successfully delayed according to core dev Tim Beiko and Ethereum ecosystem developer Nethermind.