Daily Crypto News

  1. Largest cryptocurrencies fall as Dogecoin drops — All of the largest cryptocurrencies were down during morning trading on Monday, with Dogecoin (DOGEUSD) seeing the biggest change, declining 5.97% to 6 cents. Cardano (ADAUSD) shed 5.29% to 44 cents, and Bitcoin Cash (BCHUSD) shed 4.
  2. Cryptoverse: Shrimps and whales keep bitcoin afloat — The shrimps of the crypto world have joined the whales in a glorious last stand to banish the bleak bitcoin winter.
  3. Argo Is Using Derivatives to Offset Risk — Under pressure from falling crypto prices and soaring energy costs, at least one Bitcoin miner is turning to the derivatives market.
  4. Bitcoin Traces an Ominous Chart Pattern Evoking Plunge in June — The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses.
  5. GameStop NFT marketplace goes live, gets closer to Web3 gaming — GameStop has launched its non-fungible token (NFT) marketplace, allowing artists, gamers, content creators and community members to buy, sell and trade NFTs, the video game retailer announced on Tuesday.
  6. Brazilian Fintech PicPay to Launch Crypto Exchange, Real-Tied Stablecoin — PicPay, a Brazil-based digital payments app, plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022, the company announced Monday.
  7. Security Token Platform Tokensoft Launches Web-3-Enabled Platform, Tokensoft V2, on Ethereum, Avalanche — Chain-agnostic token sales platform Tokensoft has successfully deployed Tokensoft V2, a web-3-enabled version of its platform, on Ethereum and Avalanche, the company said in a press release shared with CoinDesk.
  8. CrossTower in pact with Ripple to offer NFTs on XRP Ledger — Crypto trading platform CrossTower has partnered with Ripple to add non-fungible tokens (NFTs) minted on the XRP Ledger (XRPL) to its marketplace.
  9. Bitcoin price sinks below US$20K, erases weekly progress — Bitcoin’s price fell below US$20,000 Tuesday morning in Asia, erasing last week’s gains, as both crypto and traditional markets await the latest U.S. inflation data due on Wednesday.
  10. Bitcoin miners in Texas halt operations amid heat wave — Many cryptocurrency miners in Texas, one of the largest Bitcoin mining hubs in the U.S., are halting their operations as the state’s electrical grid faces surging power demand amid a heat wave.

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