A curated weekly summary of forward-focused crypto news that matters. This week, Crypto continues to suffer from the effects of the Celsius collapse, The Fed introduces a significant rates hike and Cardano prepares itself for the Vasil Hard Fork.
Bitcoin (BTC) and Ether (ETH) both dropped by ~30% over the previous week and currently sit at ~US$20K and ~US$1.1K respectively. Binance coin (BNB) fell by ~21% and currently sits at ~US$209.
On Sunday, June 12, the Celsius Network, a crypto lending platform, announced that it would be “pausing all withdrawals, Swap, and transfers between accounts… [d]ue to extreme market conditions”. Following the already shaky market in the aftermath of the May 8 TerraUSD/LUNA collapse, Bitcoin’s price fell as low as US$21K within a day after the Celsius announcement.
Also, not unlike Terra’s Anchor Protocol, Celsius Network promised (and still promises, as of the time of this writing) its users high yields — up to 18.63% APY. The Anchor Protocol...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...