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Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners

July 20, 2022

Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt withdrawals. The platform…
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Biggest Movers: DOGE, ADA Move to Multi-Week Highs on Wednesday

July 20, 2022

Dogecoin rose by over 10% in today’s session, as the meme coin closed in on its highest point in almost one month. The token was higher for an eighth consecutive session, while cardano was also in the green, rising for a ninth straight day. Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover on Wednesday, as…
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Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’

July 20, 2022

Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points (bps) on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise the rate by 75 bps and bankrate.com…
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Explore the Value Behind KCC Through KCC Validator Election

July 20, 2022

With the development of the public chain and the growing adoption of blockchain technology, public chains initiated by crypto exchanges are getting more attention. Relying on the advantages of the exchange’s cutting-edge technology team, the exchange public chain has differentiated itself clearly from the rest. KuCoin Community Chain (KCC) has been established for more than…
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Bitcoin and Ethereum Target Additional Gains, DOGE Accelerates

July 20, 2022

Bitcoin price gained pace and was able to clear the USD 23,500 resistance and almost touch USD 23,800. It is currently (11:45 UTC) trading near USD 23,650 and is up almost 7% in a day and 22% in a week. Similarly, most major altcoins are eyeing more upsides. ETH is back near USD 1,600 and…
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US SEC Chief Gensler Says Crypto Sector Rife with ‘Non-compliance’

July 20, 2022

The head of the US Securities and Exchange Commission (SEC), Gary Gensler, has said that his agency will “do what we can” to ensure crypto operators fall into line, but opined that many are refusing to abide by the rules governing securities. Speaking during an interview with Bloomberg TV, Gensler stated that many operators’ business…
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Bitcoin and Hard Assets Will Win as Inflation Rises, Novogratz Says and Sees BTC at USD 500K

July 20, 2022

Bitcoin (BTC) and other hard assets will rise strongly in price as the world continues down a path of prolonged and high inflation, argued Mike Novogratz, founder and CEO of major financial services and investment management firm Galaxy Digital. Speaking at the Bloomberg Crypto Summit on Tuesday, Novogratz stated that he does not believe the…
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Q2 Saw Over 59% of Bitcoin Mining on Sustainable Energy Mix – Bitcoin Mining Council

July 20, 2022

The global Bitcoin (BTC) mining industry had a sustainable electricity mix of 59.5% during the second quarter of the year, or slightly up compared with the first quarter, according to the latest quarterly survey conducted by the Bitcoin Mining Council. The survey, which collected data from over 50% of the global Bitcoin mining network, representing…
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Polygon Unveils zkEVM, ‘Ethereum-Equivalent’ ZK Scaling Solution

July 20, 2022

Popular Ethereum (ETH) Layer-2 scaling solution Polygon (MATIC) has announced zkEVM, the “world’s first zero-knowledge (ZK) scaling solution” that is “fully compatible” with Ethereum…. Read More: Polygon Unveils zkEVM, ‘Ethereum-Equivalent’ ZK Scaling Solution  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Life after crypto biz: Retrenched staff ponder future in the job market

July 20, 2022

Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms. Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability.  Nonfungible token (NFT) marketplace OpenSea has established itself as…
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