Crypto Analyst Reveals Big Downside Target for Ethereum, Predicts Bitcoin Bottom Scenario

A popular analyst is digging into the charts to set low-end price targets for the two largest crypto assets by market cap.

SEC Chair Gary Gensler Singles Out Bitcoin, Says BTC Only Crypto He’s Willing To Label a Commodity

US Securities and Exchange Commission (SEC) Chair Gary Gensler says he believes most crypto assets are securities.

Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property

"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report. Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to transform the traditional real estate market.” While crypto-backed mortgages could streamline the process of purchasing a home, many individuals have seen investments in metaverse property grow in the last two years.Citi reported that property loans linked to crypto assets could allow investors to “utilize their investment gains” without incurring capital gains taxes, but commented on the potential for risk in a volatile market.

Cypherpunk Holdings Sells All Crypto Assets to Avoid Market Volatility

Cypherpunk has turned all of its Bitcoin and Ether holding to cash to avoid being hit by the ongoing crypto market crash.

CoinFlex addresses 'extreme market conditions' using this solution

In the past few months, 'extreme market conditions' has grown to become the most heard phrase in the crypto-assets ecosystem.

Bitcoin Dipped Towards $20K, Tezos (XTZ) Jumps 9%: Market Watch

Tezos is among the very crypto assets in the green with a 9% daily increase.

One Ethereum Gaming Altcoin Stands Out From Rest of Emerging Market, According to Coin Bureau

The closely followed analyst and host of the popular Coin Bureau channel says that one metaverse altcoin has more potential than most crypto assets in the sector.

Community reacts after SEC’s Gensler affirms BTC’s commodity status

Gensler said he saw many crypto assets having attributes of a security, adding that Bitcoin is the only crypto he was comfortable publicly labeling as a commodity. Securities and Exchange Commission Chairman Gary Gensler riled up Crypto Twitter on Monday after affirming that Bitcoin (BTC) is a commodity.

SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets.

Cardano (ADA) Founder Charles Hoskinson Addresses Congress, Argues for Real-World Uses of Crypto and Blockchain

Cardano (ADA) founder Charles Hoskinson is addressing Congress in an attempt to detail the real-world use cases of crypto assets.

AAVE: Here's why the token is in whales' latest shopping list

While technical analysis offers insight into the performance of crypto assets and where the market sentiment lies, 'buying the dip' at a specified 'bottom' is not always as easy as many people make itThe post AAVE: Here's why the token is in whales' latest shopping list appeared first on AMBCrypto.

Goldman Sachs Aims to Raise $2B to Buy Celsius’ Crypto Assets at a Discount: Reports

Goldman Sachs will reportedly raise $2 billion to accumulate distressed assets from Celsius Network.

Whales Are Piling Into Top Gaming Altcoin – And Letting Go of Three Crypto Assets, According to Analytics Firm

Analytics firm Santiment is looking at crypto’s richest wallets to identify possible entry points amid a long-term downtrend in the markets.

One Ethereum (ETH) Rival Will Outperform Vast Majority of Altcoin Market, According to Top Crypto Trader

A closely followed crypto analyst says Solana (SOL) will have better returns than most crypto assets in the current cycle.

ECB Chief Lagarde: Crypto and Defi Could Pose ‘Real Risks’ to Financial Stability

The president of the European Central Bank (ECB), Christine Lagarde, says crypto assets and decentralized finance (defi) have the potential to pose “real risks” to financial stability.

Chainalysis tips Australia will crack down on misleading crypto ads

Chainalysis’ head of international policy Caroline Malcolm explained this means bringing crypto-assets into a similar regulatory regime to financial products as occurred in the United Kingdom.

Here’s What’s Next for Ethereum, Fantom and One Additional Altcoin, According to Analyst Michaël van de Poppe

Widely followed analyst Michaël van de Poppe is assessing three crypto assets for potential entry points while laying out his price targets.

Coinbase Launches Altcoin Listing Spree, Adding Long List of Crypto Assets Built on Ethereum

Coinbase is adding five altcoins built on Ethereum (ETH) as most of the crypto markets stall sideways.

Are Small Cap Crypto Assets Rebounding A Sign Risk Appetite Returning?

The crypto market just saw some slight recovery, but the performances are upside down.

Institutions are exploring the space — KPMG Canada crypto team

Kareem Sadek and Kunal Bhasin said the team had seen “a lot of momentum” around the tokenization of assets but was also considering the potential growth of NFTs and the Metaverse. The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members.Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets and blockchain services team said the company had added Bitcoin (BTC) and Ether (ETH) to its balance sheet to show others it “had skin in the game.” According to Sadek, holding digital assets was just the first step moving deeper into the crypto space.“We thought it’s better to go through the journey ourselves — show the community we’re part of it, we’re supportive of the community,” said Bhasin.

Coinbase Triggers 107% Altcoin Explosion After Listing Slew of Ethereum-Based Crypto Assets

One decentralized finance (DeFi) altcoin is surging after being added to top US crypto exchange Coinbase’s roster of digital assets.

ECB head calls for separate framework to regulate crypto lending

Christine Lagarde introduced a “MiCa II” idea to cover the issues yet untouched by European regulators A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market. During the testimony before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only about the looming inflation in Europe and around the globe but also about the increasing activities of crypto-assets staking and lending.

Binance-owned Trust Wallet adds buy option via Binance Connect

Binance's self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity. Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases.The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on June 22.Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40 fiat currencies.In order to add funds on Trust Wallet via Binance Connect, users will need to proceed with the similar Know Your Customer (KYC) checks to those on Binance.

Ethereum Name Service [ENS] takes U-turn; will it give in to crypto winter

Over the last month, as investors tried to salvage the rest of their crypto assets investment from further losses, acquiring a domain name took the backseat on the list of their problems.

Solana-Based Lending Platform Votes To Seize Whale’s Funds To Prevent Instability

A leading lending platform on the Solana (SOL) blockchain says a governance proposal urging users to grant it emergency powers to potentially seize the crypto assets of its largest whale has passed.

Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months

Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion.

Crypto lending can still survive bear market, analyst says

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts.Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the US dollar or stablecoins like Tether (USDT).

Solend Network: Will a new vote, proposal mean differing fortunes for SLND

On 19 June, Solend Protocol, a DeFi network used for borrowing and lending crypto-assets such as Solana [SOL], was hit by a liquidation crisis.

41-Year-Old Man Who Sold Drugs for Crypto Gets Nine Years in Jail

The 41-year-old man will spend nine years in prison after pleading guilty to drug deals involving crypto assets worth $6.6 million.

LUNA and LUNC: A fight on the legal front, but what of the price front?

In light of regulatory actions following the collapse of Terra’s LUNA and its UST stablecoin, holders of these crypto-assets now seek compensation for their losses. On 13 June, a class-action lawThe post LUNA and LUNC: A fight on the legal front, but what of the price front? appeared first on AMBCrypto.