Adoption
Analysis
Crypto market regains 11% capitalization in a week
The crypto market recovered $88 billion from 19th of June to the 26th.
Culture
A-list celebs remove NFT avatars amid crypto winter
Many celebrities who displayed their NFTs as avatars are removing them from their social media due to the depressing sentiment of the market.
Crypto
BoE’s Cunliffe believes crypto will continue to grow
Bank of England's deputy governor Jon Cunliffe likened crypto to the early days of the internet and said the ones who don't give up will grow like Amazon and eBay did.
Analysis
Jim Cramer says bull market may return soon but full recovery for Bitcoin years off
A bull market within the current one may emerge if a number of conditions happen, but Bitcoin is not likely to reach its old highest for years to come.
Metaverse
Meta will grow to billions of people spending hundreds, Zuckerberg says
Mark Zuckerberg said Meta is aiming at becoming a large social platform with a solid economy, including billions of people who spend hundreds of dollars.
Mining
Bitcoin miners are forced to sell to cover operating costs
In May, a BTC sell-off trend for its miners began as its price fell to an 18-month low. More miners are forced to sell as the Bitcoin prices continue their downtrend and the electricity fees increase.
Regulation
India will consider 28% additional tax on crypto sales next week
India's federal and state finance ministers will come together at a panel on 28-29 June to discuss whether to implement a new tax on crypto transactions.
Analysis
Bitcoin could be a panacea for income inequality, says Forbes
Bitcoin emerges as a way to rescue the world's economy as the inflation continue to increase and the income gap widens.
Gaming
Axie Infinity top NFT community in 112 countries
A recent study by CashNetUSA revealed that Axie Infinity is the most searched NFT community in 112 countries. Montenegro emerges as the most pro-NFT country.
Adoption
El Salvador’s President says ‘Bitcoin will pick up, don’t worry and enjoy life’
El Salvador's President Nayib Bukele assured the crypto community that Bitcoin will heal and rise to new high levels and advised them to trust the process and enjoy life.
Exchanges
BitOasis joins layoff spree, firing 5% of staff
Exchange platform BitOasis joined the firing trend in the crypto space and laid off 9 employees to handle current market conditions.
Analysis
Bitcoin uses 56x less energy than classical system
Calculations show that Bitcoin currently spends 56 times less energy than traditional monetary system, while Bitcoin Lightning is 194 Million times more energy efficient.