Top Recently Added Cryptos to Consider in June 2022 

The crypto market suffers a bloodbath, with most tokens displaying ugly performances during May’s sessions. However, there’re a few exceptions. Furthermore, the marketplace saw new coins arriving. Let us check the top recently added cryptos to consider in June this year.  As a rule of the game, research whenever considering crypto investments. Digital tokens are…

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Monero (XMR): Vital Price Levels for Traders to Consider

Monero (XMR) has been among the large-cap alts with somehow attractive performance on the charts since the May 12 decline. Raking 25th by market cap, XMR responded to the decline towards $133 with a remarkable 70% increase to touch $207. That emerged when Bitcoin hovered inside a range, making Monero’s near-term bullishness more enticing for…

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Celsius Network Partly Caused UST’s Collapse: Nansen

UST’s demise sent tremors through the cryptocurrency world. And according to researcher Nansen, they can’t trace it back to a single perpetrator. Rather, they discovered the trades of a limited number of traders, one of whom was the Celsius Network. There were expectations for UST to preserve its USD-peg. By using algorithms and trade rewards….

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Bitcoin Mining Difficulty Drops By 4.34%

BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate…

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Turkey Introduces New Bills to Increase Regulatory Oversight

Providing regulatory clarity on virtual currencies is the goal of every country’s central bank globally. Since 2020, nations have clamored for better oversight in the crypto industry to curb illicit transactions and safeguard investors.  Turkey has reportedly joined the long list of countries that aims to develop its cryptocurrency sector with improved oversight. The European…

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Tezos (XTZ): Vital Checkpoints for Investors to Reduce Losses

Tezos (XTZ) has come from far from its former status as a ghost platform. Nevertheless, the 37th largest crypto by value faces intense competition from projects dominating the headlines. Still, Tezos has experienced lucrative price actions that fearless market players can follow. XTZ 1Day Timeframe – Rallies While writing this content, XTZ changed hands near…

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VeChain (VET) Soars to $0.03106 Following Bullish Run

VeChain price sees upside movements. VET price faces resistance near $0.03245. VET/USD support stands at $0.02978. VeChain price presents a bullish bias following upside actions towards the $0.0312 high. For now, the altcoin encounters resistance at $0.03245. Overcoming the hurdle will see VET extending its leg up towards $0.03400. Though the alt suffered bearish tendencies…

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Australian Taxation Office Includes Cryptocurrency Capital Gains In Its Key Area Of Focus In 2022

The ATO (Australian Taxation Office) has delineated crypto capital profits among the chief areas to be concentrated on during the present year. The difference between an asset’s purchase and its sale is known as a capital loss or gain. The percentage that the ATO owes differs among the ownership duration and income brackets, however generally,…

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Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the…

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Data Shows Returning Stablecoins Interest Post UST Fiasco

Indeed, stablecoins suffered massively after the TerraUSD de-pegging crisis. The fiasco had UST plummeting from the steady $1 parity to $0.06 per UST while publishing this content. That had investors losing confidence as far as stablecoins are concerned. Meanwhile, USDC provider Circle took measures to restore the lost trust. Keep in mind that USDC is…

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Two Top South Korean Exchanges Raise Concerns Over The Latest Litecoin Upgrade

Two top South Korean exchanges (Bithumb and Upbit) have issued investment warnings over Litecoin’s recent upgrade. It is noteworthy that the exchanges issued their warnings separately. Litecoin’s New Upgrade Might Contradict FATF Policy The English translation of Bithumb’s notice reads, “the Mimblewimble extension blocks (MWEB) enhances Litecoin network’s scalability. However, the developers also included a…

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Polkadot (DOT) Hovers Below $11; When Will It Hit $14?

Polkadot has traded at this current value area for some time. Consistent declines by the top market moves had most alternative tokens near their closest support floors and beneath immediate resistance zones. Indeed, the latest conditions in the marketplace have been harsh for crypto investors. Polkadot experienced a swift decline in buying momentum due to…

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The Next 18 Months Will Be Challenging For Crypto Market Players – Coingecko Co-Founder

Bobby Ong, one of Coingecko’s founders, has predicted that the decision by the US Fed to raise rates to curtail inflation will create a huge difficulty for the crypto market at least for the next 18 months. Ong Explains The Reasons Behind His Prediction He explained that since the crypto market and stock market now…

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Amidst De-Pegging Issues, Tether Allays Fears Of A Possible USDT Crash

The largest stablecoin lost its USD peg last week, which resulted in many holders converting their USDT holdings to other stablecoins or fiat. The USDT de-pegging also created intense selling pressure in the wider crypto market. Tether Holdings Ease Fears Of Usdt Holders A part of the latest quarterly report by Tether holdings was dedicated…

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