Daily Crypto News

  1. Cryptoverse: Holding your breath for a bitcoin bounce — (Reuters) — If you’re waiting for a bitcoin recovery, you may have to sweat it out for months. That’s the conclusion of some technical specialists seeking method from the madness.
  2. Celsius says users can settle for cash at a discount or go long on crypto — In a presentation on Monday, embattled crypto lender Celsius Network presented a plan of action as it enters Chapter 11 proceedings to restructure and stabilize its business in an effort to placate stakeholders.
  3. India’s crypto industry plans new liaison group — The Indian cryptocurrency industry is looking to create an independent association to liaison with the government on policies and highlight issues with relevant stakeholders.
  4. The Lummis-Gillibrand bill could reshape global crypto regulations — The long-awaited and highly-anticipated crypto bill, the Responsible Financial Innovation Act championed by U.S. Senator Cynthia Lummis (R-WY), was recently introduced as a bipartisan proposal co-sponsored by U.S. Senator Kirsten Gillibrand (D-NY).
  5. Crypto ‘Altcoins’ Lead Push Higher as Bitcoin Jumps Above $22,000 — A rally in cryptocurrencies Tuesday took Bitcoin closer to breaking out of a one-month-old trading range and ignited big jumps in smaller tokens commonly referred to as altcoins.
  6. Crypto regulation: There are ‘protections in place’ to prevent fraud, former CFPB director says — Kathy Kraninger, former CFPB director and Solidus Labs regulatory affairs VP, examines the price bounce cryptocurrencies like bitcoin are experiencing, crypto regulation, and ethereum’s 2.0 merger.
  7. Ethereum price breaks US$1,600, Ethereum Classic surges 22% — Ethereum (ETH) hit a high of US$1,610 on Tuesday morning in Asia, before retracing to trade at US$1,521 at press time, according to data from CoinMarketCap.
  8. Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing — Crypto lender Celsius has half a million creditors owed more than $5 billion, attorneys for the company said during its first bankruptcy hearing Monday.
  9. Russian Activists Turn to Crypto for Donations to Aid Ukraine Refugees — crypto is also safer than fiat donations: Russians who want to help Ukrainians face political threats at home, where such help might be recognized as treason — and with bank transfers, any donation can be immediately traced back to the donor.

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