Crypto News Cast 📮 26-06-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $958 B
📊24h Mcap %: 16.57%
⚠️Bitcoin Dom: 42.50%
📌Active Coins: 4545
📍24h Vol %: -4.21%
💲24h Vol: $48 B
Crypto News Updates :
- Cardano (ADA) Is Overtaken By Ripple (XRP) In Market Capitalization
- Hoskinson Makes Suggestions To Congress For Software-enabled Crypto Self-regulation
- To Boost Its Metaverse Business, A Japanese Virtual IP Firm Raises $10 Million
- This Crypto Winter Is Just Like Previous Ones, Says FTX US President
- Next Year, Albania Will Begin Taking Taxes From Cryptocurrency Profits
- Celsius Assets To Be Purchased By Goldman Sachs-Leading Investor Group
- The Wealthiest Bitcoin Whale Currently In Existence Has More Than $2Billion In BTC
- Singapore-based Cryptocurrency Exchange Bybit Opens Ups An Argentina Branch
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– Cardano (ADA) Is Overtaken By Ripple (XRP) In Market Capitalization
Cardano was topping Ripple in terms of capitalization and was in sixth overall in May. However, Both eventually lost their positions and bowed to the general dip during the period of widespread panic and rising capitulation. Currently, Ripple has succeeded in not only surpassing its rival, Cardano but also scaling to a new height. With $17.3 billion in capitalization, Ripple moved up to seventh place overall, overtaking Cardano by $1 billion which has a market cap of $16.4 billion. Read Full on U.Today.
– Hoskinson Makes Suggestions To Congress For Software-enabled Crypto Self-regulation
Charles Hoskinson, a co-founder of Cardano, urged Congress that it should create crypto rules but leave compliance to software developers. Hoskinson thinks regulations for the cryptocurrency sector should be more clearly stated, but compliance should come from the sector. The sector could develop a “self-certification system” that would automatically check for compliance up until an irregularity is found, at which time a financial body would look into it. Read Full on cointelegraph.
– To Boost Its Metaverse Business, A Japanese Virtual IP Firm Raises $10 Million
Brave Group Inc, a virtual IP company with headquarters in Japan, had raised an additional $10 million in funding, bringing the total amount raised so far to $18 million. The company plans to use the additional funding to improve its current business operations and broaden its client solution services for the metaverse marketing industry. Japanese businesses Osaka Gas Co. Ltd. and Dawn Capital participated in the funding round. Read Full on Bitcoin News.
– This Crypto Winter Is Just Like Previous Ones, Says FTX US President
The current state of the cryptocurrency market is not very satisfactory, according to Brett Harrison, the president of the cryptocurrency exchange FTX US. He does, however, think that the current bear market is similar to earlier ones and that the business will eventually get through its problems. Since bear markets have occurred in the past and bitcoin has always managed to survive, he claimed that people have short-term memory. Read Full on CryptoPotato.
– Next Year, Albania Will Begin Taking Taxes From Cryptocurrency Profits
According to reports, the Albanian government has decided to impose taxes on cryptocurrency trading profits. Beginning in 2023, the Act is expected to take effect. Investors will be required to pay the government 15% of their annual gains while business profits will be taxed at the business rate. The CBDC has not yet been implemented in Albania. The proposed law also addresses cryptocurrency mining. Read Full on CryptoPotato.
– Celsius Assets To Be Purchased By Goldman Sachs-Leading Investor Group
To purchase distressed assets from struggling cryptocurrency lender Celsius, Goldman Sachs is attempting to raise $2 billion from investors. In the case of a bankruptcy filing, the proposed arrangement would enable investors to purchase Celsius’ assets at perhaps significant discounts. Goldman Sachs looks to be gathering pledges from Web3 cryptocurrency funds, funds that specialize in distressed assets, and established financial institutions. Read Full on coindesk.
– The Wealthiest Bitcoin Whale Currently In Existence Has More Than $2Billion In BTC
After a series of massive transactions earlier this month, the largest non-exchange Bitcoin whale in the world is currently holding more than $2 billion in BTC. Since June 14th, the whale has accumulated 2,554 Bitcoin in a series of transactions. The whale spent $36.62 million for 1,698 BTC between June 14 and June 18. The whale has since gathered 856 BTC, totaling $17.35 million. Read Full on The Daily Hodl.
– Singapore-based Cryptocurrency Exchange Bybit Opens Ups An Argentina Branch
A Singapore-based cryptocurrency exchange called Bybit has announced it would be opening more expansions in Argentina. Given the popularity of cryptocurrencies in Argentina, the exchange intends to provide its clients with specific capabilities that will enable them to trade, buy, and sell cryptocurrencies on Bybit’s platform. The exchange will also unveil plans for Argentinian operational support to have a specialized team. Read Full on Bitcoin News.
