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Logo of telegram channel cryptonewssource — Crypto News Source
Topics from channel:
Bitcoin
Crypto
Brg
Bridgeoracle
Bridge
Бнб
Binance
Bsc
Binancesmartchain
Ad
Blockchain
Nft
Presale
Advertising
Code
Btc
Ethereum
Launchpad
Mbox
Axie
Xplay
Metaverse
Gamezilla
All tags

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Channel address: @cryptonewssource
Categories: Cryptocurrencies
Language: English
Subscribers: 558,738 (Update date: 2022-06-24)
Description from channel

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Admin: @Crypto_Marcus

The latest Messages

2022-06-23 13:19:01 Crypto News Source pinned a photo
10:19
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2022-06-23 13:18:56
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161.6K views10:18
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2022-06-23 09:53:02
Binance US Eliminating Fees on Bitcoin Trades

The
American cryptocurrency exchange BinanceUS is no longer charging fees for buying or selling Bitcoin with U.S. dollars. That includes eliminating fees on Bitcoin trades for the three top stablecoins: USDT, USDC, and BUSD. Such stablecoins are pegged to the U.S. dollar using USD reserves, or other highly liquid financial instruments.

The change, effective immediately, is “an opportunity to revolutionize the way fees are approached in our industry, increase accessibility to crypto, and help our market and customers in a time of need,” BinanceUS CEO Brian Shroder said in a company statement. This isn’t the exchange’s first unorthodox move of late. Despite the current crypto bear market, Binance has announced over 2,000 job openings, possibly in an effort to scoop up top industry talent that’s recently exited (or not quite joined) competitors such as Coinbase.

Source

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192.0K views06:53
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2022-06-22 07:20:08
Bitcoin Might Be on a Reversal Edge According to This Indicator

According
to on-chain analytics firm Santiment, Bitcoin saw the bulk of weekend discussions on the market centered on it as its price plunged beneath the $18,000 mark. "We often see major price reversals correlate precisely with high social volume rates, and BTC has jumped +15.8% since," Santiment wrote in a note alongside the chart provided.

Cryptoanalyst Ali Martinez indicated in a recent tweet that the BTC Long/Short Ratio has declined to near 1.05 on Binance futures. He noted that nearly 48.87% of all traders with an open position in Bitcoin are net short. "This is good news as you want the crowd to be bearish when BTC rebounds," the analyst noted. Bitcoin podcaster Max Keiser again shared his earlier predictions that Bitcoin might soar to the $220,000 level this year.

Source

https://t.me/CryptoNewsSource
200.6K views04:20
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2022-06-21 08:54:02
Bitcoin Hashrate Slams Down After New ATH As Price Continues Struggle

Data
shows the Bitcoin mining hashrate has already plunged down since the new all-time high as the crypto’s price has continued to struggle. The “mining hashrate” is an indicator that measures the total amount of computing power connected to the BTC network.

When the value of this metric rises, it means more mining rigs are coming online right now. Such a trend may suggest that miners are finding the network attractive currently.On the other hand, a decline of the indicator suggests that some miners are taking their machines off the network, perhaps because of low profitability. Usually, high values of the hashrate result in better performance of the blockchain, while low ones may lead to transactions being handled slower.

Source

https://t.me/CryptoNewsSource
200.3K views05:54
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2022-06-20 10:04:02
Switzerland’s SIX Digital Exchange Postpones Crypto Services Launch Amid Market Sell-off

Of note, the stock exchange is Switzerland’s main and the 3rd largest of its kind in Europe. In September last year, the nation’s regulator gave it the green light to launch crypto-related services exclusively to regulated institutions.

In the past year, several of Switzerland’s traditional financial players have gotten in on the cryptocurrency industry. Other than the SIX Swiss Exchange, others are Arab Bank Switzerland, BBVA bank, and the nation’s largest online bank Swissquote. The stock exchange expected to tap into the nation’s wealthy class to make cryptocurrencies a part of their portfolio. For instance, crypto lending colossus Celsius had to halt its withdrawal services amid a liquidity shortage.

Source

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191.2K views07:04
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2022-06-19 10:33:02
Grayscale Bitcoin Negative Premium Charts All-Time Low

The
dramatic collapse in UST brought tremendous selling pressure, catching many off-guard. But the subsequent negative macroeconomic conditions have adversely affected the cryptocurrency market as a whole, with institutional demand plunging to the lowest levels.

Bitcoin failing to secure a meaningful momentum following a turbulent month depicts that the dark days for the asset could last for an extended period. The bearish chaos continued to engulf the market sending shockwaves across the board. As a result, the losses for Grayscale trust products are not only limited to Bitcoin.

Source

https://t.me/CryptoNewsSource
184.3K views07:33
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2022-06-18 08:56:02
Babel Finance suspends withdrawals, citing 'unusual liquidity pressures'

Babel Finance, the Asia-based crypto financial services firm, suspended client withdrawals five days after a similar move by Celsius triggered a fresh bout of turbulence in crypto markets.

"Due to the current situation, Babel Finance is facing unusual liquidity pressures," Babel said in a notice on its website on Friday.Crypto markets were rocked at the top of the week as crypto lending platform Celsius halted withdrawals.

Source

https://t.me/CryptoNewsSource
198.5K views05:56
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2022-06-17 08:45:26
Russia Passes First Reading of Bill Seeking to Ban Digital Assets as Means of Payment

Legislation to prohibit payments using crypto-assets sponsored by the Financial Markets Committee of the State Duma Anatoly Aksakov has passed through the first reading. According to a report by the state media, the official document recommends an obligation for digital asset exchanges, referred to as “DFA exchange operators,” to decline transactions where crypto is used as a “monetary surrogate.”

If the bill is approved by the Federal Council and President Vladimir Putin, “digital financial actives” (DFA) will be banned from paying for goods or services. But the country’s authorities remain divided. Roman Yankovsky, a Moscow Digital School teacher, explained that the category “means of payment” refers to money and near-money phenomena. Pointing out the term “money surrogates” used in the note, critics have noted that there appears.

Source

https://t.me/CryptoNewsSource
199.1K views05:45
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2022-06-16 08:45:07
Three Arrows Capital insolvency rumors draw questions over soundness of DeFi

The
firm is widely regarded as a major player in the cryptocurrency world. Its most recent investment activities were a $20 million capital raise in the DEX platform Orderly Network on June 9 and a $2.5 million capital injection in data analytics firm Laevitas as its lead investor.

The rumors began as on-chain analysis showed 3AC had withdrawn on-deposit stETH from DeFi protocol Aave on Tuesday. According to Defiant, it sold the funds across several transactions totaling around $40 million. stETH, or Staked Ether, represents Ethereum locked into the Beacon Chain staking contract (which cannot be withdrawn until the mainnet Merge rolls out). stETH acts as collateral to borrow more ETH on DeFi platforms. In other words, it’s a “workaround” that frees value from tokens locked in the Beacon Chain staking contract.

Source

https://t.me/CryptoNewsSource
37.7K views05:45
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