The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Bitcoin dips under $20K as US inflation rises over 9%
US President Joe Biden has said the latest inflation figure is “unacceptably high” and “out of date.”
Charlie Munger calls crypto holders ‘insane’ for investing in nothing
Warren Buffett's right hand Charlie Munger recently criticized crypto and said he avoids it like an "open sewer".
Video of Mario Draghi knocking Bitcoin ages like milk as euro sinks to parity with dollar
In 2018, Mario Draghi implied people can trust the euro, and not Bitcoin, because it's stable and backed by a central bank. However, recent events show the ECB is powerless to stop the euro's slide against the dollar.
Kazakhstan imposes new tax rules on crypto miners
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
Sri Lankan officials maintain crypto snub despite economic collapse
The Sri Lankan government remains anti-crypto and the central bank issued a new notice on the matter to warn citizens.
MicroStrategy’s Michael Saylor says Ethereum is a security
Saylor says a cryptocurrency can only be a commodity if there is no issuer and no one is making any decisions on the network.
Solana sued for being ‘centralized,’ ‘security’
The network’s developer, founder, and partners are accused of profiting from the sale of an unregistered security.
FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme
FatMan Terra said his friend was not part of DOCK’s team but paid for a BitBoy Crypto shilling video and billboard advertisements to pump the coin.
Bear market sentiments begin to ‘cool off’ as Ethereum records another week of inflows
Ethereum has seen a modest turn around in investment interest as the bearish market sentiments continue to recede.
Ripple co-founder Jed McCaleb to finish selling XRP holdings by July 16
It took Jed McCaleb eight years, one month, and 25 days to finish selling all of his 9 billion XRP holdings.
What bear market? NFT transaction volume hits ATH in Q2 despite price slump
The second quarter saw record interest in NFT trading, as the number of NFT transactions reached 12 million despite one of the worst price slumps the crypto market has ever seen.
GameStop launches NFT marketplace amid turmoil
GameStop launched its long-awaited NFT marketplace right after it laid staff off and its stocks jumped due to 4-for-1 split.
3AC collapse throws a monkey wrench in Singapore’s crypto endeavors
Singapore's crypto players expect the country to become more strict towards crypto firms as they expect more bankruptcies from companies like Three Arrows Capital.
Bitcoin holders should expect further price decline says Glassnode
A comparison of this bear market with previous ones showed that Bitcoin holders may still have to deal with extra selling pressure.
Voyager Digital gives update on recovery plan, reinstating user account access
A restructuring plan is in full swing which includes the return of users' funds, but some have reacted angrily to the pro-rata element.