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Weekly Roundup of Cryptocurrency News 24/06/2022

Here are all the exciting headlines you missed in the NFT, DeFi and crypto niches across regulations and business verticals. Crypto broker FalconX raises $150 million, reaching an $8 billion valuation US-based firm digital assets brokerage on Wednesday disclosed it had raised $150 million in the latest financing round led by Singaporean wealth group GIC […]

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Puerto Rican Regulators Closes Peter Schiff’s Bank – a Case for Decentralization?

Puerto Rican authorities have closed down the Euro Pacific Bank, a local financial institution that belongs to Peter Schiff, the world’s most vocal Bitcoin (BTC) critic.  Sharing his ideas on Twitter, Schiff said the closure of his bank was unjustifiable, given that the media knew about the closure even before he did. He, citing the banking regulators in

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Major advocate of Bitcoin Cash accused of default: BCH price sinks 7%

Bitcoin Cash (BCH) today dropped to a low of $102.08 following reports that a major advocate of the blockchain had been accused of default. Roger Ver, the former CEO of Bitcoin.com and a big advocate for Bitcoin Cash, was on Wednesday accused of owing $47 million to crypto exchange CoinFlex. Coinflex CEO Mark Lamb disclosed

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With the bear market in full throttle, crypto derivatives retain their popularity

The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to save haven assets; some have exited the market completely, while others have perplexingly turned to the enigmatic

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Mortgage giant Sun West Up to give away 5 ETH as they introduce blockchain technology during the Game on event June 25th via livestream from Vegas

Las Vegas, United States, 24th June, 2022, Chainwire Sun West CEO and Morgan’s innovator Pavan Agarwal was welcomed by Hall of Famers Terrell ‘TO’ Owens and ‘Ivan’ Pudge Rodriguez as part of the leadership coaching event ‘Game On’. The event showcases the recently developed empathetic technology mortgage product which seeks to achieve unbiased and fair

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ECB to Warn Countries in the Eurozone about Crypto Regulation

The European Central Bank is reportedly on track to issue warnings to national authorities within the Eurozone about individual handling of the crypto ecosystem. The European Commission, Parliament, and Council trilogy have agreed on the comprehensive cryptocurrency framework, Markets in Crypto Assets (MiCA), and a whole new set of concerns has been pointed out by

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Liquid markets are healthy markets, says Kairon Labs co-founder

Market maker Kairon Labs have been working with projects such as StepApp (FitFi) and Ergo, providing liquidity on over 30 exchanges. Kairon Labs and most other market makers agree that “liquid markets are healthy markets,” as when the markets are liquid, it allows for lower slippage and faster trades to occur, which allows for the

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INX And SICPA Sign A Groundbreaking Memorandum of Understanding To Establish a Joint Venture to Develop An Innovative Central Bank Digital Currency Ecosystem To Support Monetary Sovereignty

Toronto, Canada, 28th June, 2022, Chainwire The proposed joint venture will lead the development of blockchain-based technology solutions to create a central bank digital currency ecosystem to help governments digitize their monetary systems The INX Digital Company, Inc. (INXS ATS: INX)(NEO: INXD) (“INX” or the “Company”), a broker-dealer, inter-dealer broker, and owner of a digital

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Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says

For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to govern fast-growing trading platforms, according to Rand Low, a quantitative risk modeller and senior fellow at the University of Queensland Business School. Citing crypto lending platforms like Coinflex and Celsius and the collapse of Three Arrow Capital,

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