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The Latest Breaking News from Crypto

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult

The Guardian - US

Bitcoin Breaks Below $20,000: Analyst Says 'Panic Could Be Massive,' Predicts Lower Price Target

On Saturday, Bitcoin (CRYPTO: BTC) broke below $20,000 for the first time since December 2020. One analyst has been anticipating the breakdown and says things could get worse from here.

Benzinga

Bitcoin falls below $20,000

Bitcoin has fallen below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

Bangkok Post

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The Weekly Wrap for Saturday, 18 June 2022

Bitcoin is crashing, Celsius has frozen over, but this time it's not just billionaires losing their bucks. The dirty laundry of the crypto world is front page news and regulators are finally taking notice.

inkl Originals

3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

Benzinga

Bitcoin Sees A Grim Moment As Addresses In Profit Reach A Two-Year Low

The world's first cryptocurrency, Bitcoin (CRYPTO: BTC), has not seen such a bad market mood for a long time, according to on-chain data.

Benzinga

What Ethereum Investors Are Watching Heading Into The Weekend: Will Crypto Predict Next Week's Market Action Again?

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively.

Benzinga

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Elon Musk Being Sued For $258B Over Alleged Dogecoin Manipulation: The Rise And Fall Of The Famous Meme Coin

In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Tesla Inc (NASADAQ: TSLA) CEO Elon Musk, by a man named Keith Johnson. The accusation is that Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of Dogecoin (CRYPTO:

Benzinga

Bubble in the air: On regulating cryptocurrencies

Without regulation of crypto currencies, retail investors will have no protection from scams

The Hindu

Cryptocurrency price crash a result of inflation, as investors lose their life savings

The financial fate of many Australians will be decided over the next few days, as the price of many cryptocurrencies plunges and one major crypto-lender locks customers out of their own accounts.

ABC News

Here's How Dogecoin Is Setting Up For The Next Big Move

Dogecoin (CRYPTO: DOGE) was trading almost 3% higher on Friday in a very tight trading range between $0.054 and $0.058.

Benzinga

Cyberattacks Are Adding To The Woes Of Web3 Projects In Bear Market

As more money pours into digital ownership, Web3 projects are becoming a bigger target for scammers whose attacks can negatively impact valuation. Crypto isn't dead, as a recent Coinbase video ad posited — right before it laid off 18% of its workforce — but it has been hurting.

Benzinga

Panama President Vetoes Bill To Regulate Crypto Assets

Panama President Laurentino Cortizo has vetoed a Bill passed by the country’s National Assembly, stating that it needs adaptation to the rules governing the Panamanian banking system.

Benzinga

Anonymous Bitcoin Whale Just Moved $205M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $205,359,971 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1CAUh6FpiYLoE9vMMZZoPHXZ2trZMtb2C1.

Benzinga

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Benzinga

Bitcoin Whale Moves 9,873 BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $205,359,971 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1ErLgyZKiQM63XBiKwQ3BnnX4ZC1pDUYdp.

Benzinga

Celsius, 3AC And USDT Are Among The Biggest Crypto Liquidations This Week

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations.

Benzinga

Coffee And Crypto News: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is $893.3 billion Friday, down from $906.5 billion on Thursday afternoon. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Benzinga

3 Reasons Why Bitcoin Is Crashing

The past month has seen a major plunge in cryptocurrency prices, as recessionary fears loom and major firms experience operational problems and insolvencies.

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Reason

What The New York Times Didn't Say About Crypto Firm Kraken's Culture War

An explosive Times report alleged that Kraken CEO Jesse Powell created a "hateful workplace," leading to an employee exodus. Is that what really happened?

Los Angeles Times

Crypto is melting down. Here's who's hurt

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Benzinga

Elon Musk's Twitter Takeover Could Address Crypto Scams, Usher In Bitcoin, Dogecoin Payments

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc (NYSE: TWTR) employees Thursday.

Benzinga

Dogecoin Daily: Recession Fears Continue To Take Toll, Elon Musk Lawsuit And More

Dogecoin (CRYPTO: DOGE) traded 4.7% lower at $0.6 over 24 hours leading up to Friday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 4.8% to $898 billion.

Asharq Al-Awsat

Elon Musk Sued for $258 bn over Dogecoin Support

An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself…

WEKU

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

ABC News

Elon Musk sued by investor for $367 billion over 'Dogecoin Crypto Pyramid Scheme'

An investor in the dogecoin cryptocurrency, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, files a lawsuit against the billionaire claiming he was defrauded.

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