Cryptocurrency exchange KuCoin has completely refuted rumors that suggested that them halting withdrawals on their platform owing to heavy losses suffered due to the LUNA collapse.
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 support region for the token. Losing this region puts lower prices on the table. As noted in our SHIB price analysis for July 1, 2022, the meme coin aimed to reclaim $0.000010 and it did but failed to hold price action above this region, falling to the $0.000009 price level.
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.
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.
Crypto investment firm Three Arrows Capital, also known as 3AC, filed for Chapter 15 Bankruptcy Friday, Bloomberg has reported.
According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the future will be bright for crypto and especially for music NFTs.