Short cryptonews for this week 24/52 (2022)

Short cryptonews for this week 24/52 (2022)

By Pasucaru | Crypto on fire | 18 Jun 2022


- Bitcoin suddenly fell below $20,000 returned to the levels of its previous record of 2017, and ETH under $1,000. There are 100,000 blocks left until the next bitcoin halving, after which its inflation will drop from 1.6% to 0.8%.

- Of the top 100 cryptocurrencies by market capitalization, 72 of them are down more than 90% from their all-time highs.

- The Babel Finance platform has suspended payments and withdrawals of its own products due to lack of liquidity.

- Celsius uses a law firm for a restructuring. (coindesk.com)

- Justin Sun (Tron) continues to add collateral to the USDD stablecoin to save the peg. (the block.com)

- Elon Musk announces 'cryptonight', a hint that the bear market will only last 'night' instead of 'winter' and that it will all end soon? (nypost.com)

- Binance surpassed 120 Million users last month. The others: Coinbase (89M), Cryptocom (50M), OKX (20M) and Kucoin (18M).

-“Electric” stablecoins have been launched, which can be exchanged for electricity. (businesscloud.co.uk)

- El Salvador ensures that its big loss on its BTC investment does not even represent 0.5% of its budget. (www.bloomberg.com)

- The banking sector uses 56 times more energy than bitcoin according to a report by Valuechain.

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Pasucaru
Pasucaru

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