Cryptonews Deals
Cryptonews Deals

Crypto payments platform Wyre shutters, citing bear market conditions

Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets. NEWS San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market and not having anything to do with hawkish “regulatory agency […]

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Here’s what happened in crypto today

Crypto prices have yet to react to the Fed decision to temporarily halt rate hikes; meanwhile, the S&P 500 steamrolled to a new 13-month high. MARKET UPDATE The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Federal Reserve Chairman Jerome Powell revealed that the central bank […]

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A step-by-step framework for evaluating crypto projects

Understanding the project’s vision, tokenomics, white paper, use cases, roadmap, etc., is essential prior to making an informed investment decision. HOW TO When it comes to cryptocurrencies, you need to consider a few key factors before you decide whether to invest. Whether you’re just beginning to get on the ground floor of new crypto projects […]

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Here’s what Nigeria’s naira float means for its crypto market

The move reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets. NEWS On June 14, Nigeria, known for its growing adoption of cryptocurrencies like Bitcoin  BTC $24,888 , floated its national currency, the naira, allowing banks and other forex market actors to trade it freely. The new policy could have several implications […]

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SEC asks for more time to respond to Coinbase call for crypto clarity

The securities regulator says it would make a recommendation within 120 days on Coinbase’s rulemaking request but adds that the action has “no merit.” NEWS The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity. In a June 13 letter submitted to the U.S. Court […]

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Crypto industry ‘destined’ to be BTC-focused due to regulators: Michael Saylor

The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin’s favor. NEWS Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin  BTC $25,928 -focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor. In a June 13 Bloomberg interview, the Bitcoin bull […]

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Russia scraps plans for a national cryptocurrency exchange

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said. NEWS The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers […]

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a16z opening London crypto office citing ‘predictable’ environment

The expansion came following a “productive dialogue” with the United Kingdom’s prime minister and “months of constructive conversations” with U.K. policymakers, a16z’s general partner said. Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures […]

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Why is the crypto market down today?

The crypto market is down today after Robinhood announced delisting of “unregistered securities” tokens from its platform. MARKETS NEWS The cryptocurrency market fell 7% below $1 trillion on June 10, continuing its decline in the week that saw the industry’s biggest exchanges, Binance and Coinbase, facing regulatory actions by the U.S. Securities and Exchange Commission (SEC). Bitcoin  […]

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Latam crypto holders flock to Bitget following Binance, Coinbase suits

The number of Bitget users in Latin America increased by 43% from June 6 to June 9, along with a 134% increase in deposits. NEWS Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase. As compared to daily averages, […]

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