Author: Press Room

The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares.CoinShares is one of the largest digital asset investment firms in Europe, with net assets exceeding $260 million by the end of 2021. According to CoinShares’ latest fund flows weekly report, digital asset investment products saw outflows totalling $423 million last week, the largest since records began by a wide margin.The report noted that the outflows were likely responsible for Bitcoin’s (BTC) decline to $17,760 on June 18, marking the lowest price…

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Bitcoin price dived below USD 20,000 before recovering.Ethereum traded below USD 1,150, XRP could extend losses to USD 0.305.BNB, DOGE, and SOL are down over 8%.Bitcoin price broke the USD 20,500 support and tested USD 20,000. It is currently (11:52 UTC) showing bearish signs near USD 20,100 and is down almost 5% in a day and 3% in a week.Similarly, most major altcoins are moving lower. ETH is down 9% and trading below USD 1,150. XRP is approaching the USD 0.32 support. ADA might test the USD 0.455 support zone.Total market capitalizationSource: tradingview.com Crypto Market Struggles as Bitcoin Tests USD…

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African mobile banking platform Aella has partnered with Creditcoin Network to integrate transparent credit history by integrating all its transactions into Creditcoin’s public blockchain.In an announcement sent to Cointelegraph, Creditcoin said that all Aella’s credit transactions will be recorded on the Creditcoin blockchain, making it easy to audit and available for viewing through their block explorer. The recorded transactions will include the terms of the loan as well as payments and repayments.Creditcoin said that the partnership comes with the release of Creditcoin 2.0, an upgrade that makes the network more stable and easier to integrate with. Aella CEO Akin Jones…

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Source: Adobe/Christophe Fouquin The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At the same time, ethereum (ETH) traded at USD 1,133, down by 7% for the day and up by nearly 1% for the week.Other popular altcoins, including Binance’s BNB, FTX’s FTT, and Avalanche’s AVAX token all saw 24-hour losses of between 7% and…

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Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.Co-founder Jim Myers said that the ability to query blockchain data from multiple chains in an automated (programmatic) fashion has been a “critical piece of missing infrastructure for blockchain developers and analysts.”Software-as-a-Service, or SaaS, refers to software delivered over the web instead of locally on machines. An SDK generally refers to a kit…

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Source: AdobeStock / JorgeEduardo Michael Saylor’s company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers.The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC) of around USD 20,100, Saylor said.In total, MicroStrategy – a US-listed enterprise software firm that Saylor has turned into a quasi-Bitcoin exchange-traded fund (ETF) – now holds BTC 129,699 (USD 2.6bn), purchased at an average price of USD 30,664.Commenting on the announcement, members of the Bitcoin community…

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Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. In a tweet, Carter shared his excitement in backing the project, tweeting Dynamic’s announcement about a recently completed $7.5 million raise led by Andreessen Horowitz (a16z). Following this, users flocked to Carter’s Twitter, expressing their disappointment because of the move.Twitter user Lifetheuniverce argued that what Dynamic is creating is the “antitheses of what Bitcoin was created for.” The Twitter user said that…

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North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio.The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70% from their top. As a result majority of stolen crypto funds by the Democratic People’s Republic of Korea (DPRK) hackers have registered a significant plunge as well.A report from Coinclub.com indicates…

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Source: AdobeStock / Olivier Le Moal Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion.Celsius paused withdrawals, swaps, and transfers between accounts on June 12 citing “extreme” market conditions. Subsequently, the crypto lender started topping up collateral and repaying loans in order to maintain a healthy loan-to-value (LTV) ratio.During the period between June 8 to June 17, Celsius was constantly transferring funds between different wallets, as well as…

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