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2022-06-20 21:57:37 According to the Bitcoin Obituaries list, bitcoin has died 15 times in 2022, and the last obituary written about bitcoin’s death was on June 18, in a recent statement that said: “Bitcoin Will Not Recover.” Interestingly, Google Trends data shows that the search phrase “bitcoin is dead,” is estimated to hit an all-time high this week.

The Old Saying ‘Bitcoin Is Dead’ Comes Back to Life
In recent times, you may have heard the phrase “bitcoin is dead,” or something similar. A great number of people truly believe that bitcoin is dead while many believe the crypto asset is the future of money. The past two weeks have been gruesome for bitcoin as prices dropped to a low of $17,593 per unit.

The analytics company Glassnode shows the losses during the last three days have been massive. “The last three consecutive days have...

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2022-06-20 20:19:35 MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the weekend.

Maker (MKR)
MKR was a notable mover to start the week, as prices climbed nearly 20% on Monday, following recent declines.

Following an intraday bottom of $789.20 on Sunday, MKR/USD raced to a peak of $948.50, as prices neared a key resistance point.

This level is the $1,000 mark, which was broken last week, for the first time since December 2020.

However, bulls seem to have re-entered following this multi-year low, and usin...

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2022-06-20 17:19:34 While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have rebounded this week in terms of ethereum value, but with ether’s exchange rate so low, blue chip NFTs are selling for a lot less than they did last month.

Data Shows NFT Sales Continue to Sink Lower
Coinciding with the crypto bear market, NFT sales and interest have been dragging. Google Trends (GT) worldwide data shows that this week the search term “NFT” has a score of 21 out of 100. The last time the search term “NFT” saw a GT score of 100 was the week of January 16-22, 2022. The past month has been brutal for NFT sales as the month...

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2022-06-20 17:19:33 Following a weekend trading below $20,000, bitcoin rallied by over 10% on Monday to recapture this level. Cryptocurrencies were mainly in the green to start the week, as bulls seemingly bought the weekend’s dip. ETH was almost 15% higher in today’s session.

Bitcoin
Bitcoin rebounded from recent drops to start the week, as prices were once again trading above the $20,000 level.

Following a low of $19,232.30 during Sunday’s session, BTC/USD has rallied to an intraday high of $20,913.32 on Monday.

This rally saw the world’s largest crypto token regain momentum, after falling to its lowest level since December 2020 over the weekend.

Despite today’s gains in price, BTC still remains i...

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2022-06-20 15:27:30 The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender.

Crypto Payments Not for Russian State Settlements, Ministry of Finance Says
Cryptocurrency payments, in terms of international transactions, are seen by the authorities in Moscow as an alternative option for small private business contracts, but this will not affect Russian oil deliveries. The clarification was made by the head of the finance ministry’s Financial Policy Department, Ivan Chebeskov, who recently spoke with reporters on the matter.

The ministry proposes to employ cryptocurrency as an asset, not as a means of payment, the high-ranking official remarked....

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2022-06-20 15:27:28 PRESS RELEASE. Seychelles, June 20, 2022 – Bitflex Inc. (the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced that the Company will commence BETA testing of its cryptocurrency exchange and plans to officially launch the exchange by October this year.

The Bitflex exchange offers an aesthetically pleasing interface built-in with news, notifications, and charting tools to create a superior environment for users to make the most educated trades. The BETA platform will offer up to 8 trading pairs for linear perpetual swaps. BETA versions are immediately available on https://www.bitflex.com.

“We are so excited to finally be opening up beta testing after a long road of development,” states CEO Ee Wui Yang, “we are confident the platform we have built wil...

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2022-06-20 13:40:16 Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but to “further strengthen [its] banking relationships within the UAE.”

Expanding Coinmena’s Activities in the UAE
A Bahrain-headquartered digital asset exchange, Coinmena, has been granted a provisional virtual assets license by Dubai’s Virtual Assets Regulatory Authority (VARA). The provisional license allows Coinmena to continue its operations in Dubai while “it undertakes the in-depth process” of acquiring a license, the digital asset exchange has said.

According to a...

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2022-06-20 10:37:05 Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse. The company believes that clothing and other accessories will become an important part of the users’ identity expression and that this will entice them to spend money on digital clothes that will be wearable on all Meta’s apps, including Facebook and Instagram.

Meta to Sell Metaverse Clothing
With the rise of the metaverse, an alternative and digital take of our world, companies have begun to include industries like clothing to capitalize on the earnings that the need for expression of metaverse users can produce. One of these companies is Meta, which has recently announced the launch of a digital clothing store, name...

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2022-06-20 07:48:17 Global consulting firm McKinsey & Company has forecasted that the metaverse may generate up to $5 trillion by 2030. In addition, more than 80% of commerce could be impacted by activities in the metaverse.

Metaverse Could Generate $5 Trillion by 2030
Global management consulting firm McKinsey & Company published a report last week titled “Value creation in the metaverse.”

The report details: “Our work began by surveying more than 3,400 consumers and executives on metaverse adoption, its potential, and how it may shift behaviors. We also interviewed 13 senior leaders and metaverse experts.”

According to McKinsey:

By 2030, it is entirely plausible that more than 50 percent of live events could be held in the metaverse.

In addition, more than 80% of commerce could be impacted by activities in the metaverse, the...

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2022-06-20 06:09:23 Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn. “Long term, you just have to stomach it. You have to understand you’ll get volatility,” he stressed.

Kevin O’Leary: I’m Not Selling Anything
Shark Tank star Kevin O’Leary talked about bitcoin and other cryptocurrencies in an interview with the Insider, published Saturday.

Commenting on the crypto market turmoil, O’Leary said:

I’m not selling anything … Long term you just have to stomach it. You have to understand you’ll get volatility, and that some projects aren’t going to work.

O’Leary currently holds 32 positions in the digital asset space, the publication conveyed. He is also a strategic investor of Wonderfi Technologies. The crypto platform received conditional approval to lis...

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