Markets beyond the euro slow to react as Europe acknowledges higher inflation may be permanent.
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Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows
Bitcoin (BTC) held steady at just above $20,000 after the June 29 Wall Street open as Europe's chief banker admitted the world would "never" return to low inflation.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewLagarde on inflation: "I don't think we're ever going back"
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking nonvolatile but precarious as it stuck in a narrow range on the day.
United States equities markets were likewise calm after Asian trading had seen fresh losses. In Europe, meanwhile, comments from central bankers set the macro tone.
In particular, Christine Lagarde, head of the European Central Bank (ECB), appeared to state that inflation would remain high indefinitely.
"I don't think we're going back to that period of low inflation," she said during a press conference at the ongoing ECB Forum event in Sintra, Portugal.
Better than Axie Infinity: Kieran Warwick’s 2032 plan for Illuvium
Kieran Warwick created the play-to-earn game Illuvium with his brothers Aaron and Grant — all siblings of DeFi maverick Kain, the founder of Synthetix. He shares his alpha on how NFT game mechanics can be designed in such a way that playing them can be fun and profitable in the long term.
Warwick entered the retail world right out of high school, eventually becoming an online shopping entrepreneur. He got his start in the crypto world at brother Kain’s company BlueShyft, which first made Bitcoin and crypto exchange payments available over-the-counter at more than one thousand physical retailers around Australia in 2015.
Kieran Warwick is riding Illuvium until 2032.
Better than Axie Infinity: Kieran Warwick’s 2032 plan for Illuvium
Kieran Warwick created the play-to-earn game Illuvium with his brothers Aaron and Grant — all siblings of DeFi maverick Kain, the founder of Synthetix. He shares his alpha on how NFT game mechanics can be designed in such a way that playing them can be fun and profitable in the long term.
Warwick entered the retail world right out of high school, eventually becoming an online shopping entrepreneur. He got his start in the crypto world at brother Kain’s company BlueShyft, which first made Bitcoin and crypto exchange payments available over-the-counter at more than one thousand physical retailers around Australia in 2015.
Kieran Warwick is riding Illuvium until 2032.
Better than Axie Infinity: Kieran Warwick’s 2032 plan for Illuvium
Kieran Warwick created the play-to-earn game Illuvium with his brothers Aaron and Grant — all siblings of DeFi maverick Kain, the founder of Synthetix. He shares his alpha on how NFT game mechanics can be designed in such a way that playing them can be fun and profitable in the long term.
Warwick entered the retail world right out of high school, eventually becoming an online shopping entrepreneur. He got his start in the crypto world at brother Kain’s company BlueShyft, which first made Bitcoin and crypto exchange payments available over-the-counter at more than one thousand physical retailers around Australia in 2015.
Kieran Warwick is riding Illuvium until 2032.
Governments, enterprise, gaming: Who will drive the next crypto bull run?
With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?
Governments, enterprise, gaming: Who will drive the next crypto bull run?
With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?
Governments, enterprise, gaming: Who will drive the next crypto bull run?
With all the recent turbulence in the crypto space, the question of the moment is: What will drive the next crypto bull run?
Lending network enables transparent credit history in Africa via blockchain partnership
Creditcoin Founder Tae Oh said the partnership brings them closer to their goal of giving the unbanked a fairer shot.
MicroStrategy scoops up 480 Bitcoin amid market slump
The business intelligence firm has now amassed 129,699 BTC at an average price of $30,644, according to CEO Michael Saylor.
21Shares responds to bear market with crypto winter ETP
The Swiss crypto ETP issuer wants to make it easier for investors to get exposure to Bitcoin amid extreme fear on the market.
VTB sealed the first deal with digital financial assets in Russia
VTB Factoring acquires a tokenized debt pool of industrial companies via the Lighthouse blockchain.
Flipside Crypto launches NFTs to pull multi-chain data
Flipside Crypto co-founder and CEO Dave Balter stated the NFTs will save users the trouble of having to “manage nodes, complex data pipelines or petabyte-scale databases.”
Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week
Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May.
Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week.
Dead stablecoin walking
To recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending and borrowing platform offering up to 20% yield to clients on their UST deposits. As of June 15, the token was almost worthless, trading at $0.005 at the Kraken crypto exchange.
But USTC started recovering afterward, insomuch that its value per token almost reached $0.10 on June 29. Simultaneously, its capitalization surged from $65 million to $767 million in the same period, according to data from CoinMarketCap.
USTC market cap. Source: CoinMarketCapThat is despite USTC operating as an abandoned token after Terra launched a new blockchain with a new native asset LUNA 2.0, following a "hard fork" in May.
Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week
Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May.
Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week.
Dead stablecoin walking
To recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending and borrowing platform offering up to 20% yield to clients on their UST deposits. As of June 15, the token was almost worthless, trading at $0.005 at the Kraken crypto exchange.
But USTC started recovering afterward, insomuch that its value per token almost reached $0.10 on June 29. Simultaneously, its capitalization surged from $65 million to $767 million in the same period, according to data from CoinMarketCap.
USTC market cap. Source: CoinMarketCapThat is despite USTC operating as an abandoned token after Terra launched a new blockchain with a new native asset LUNA 2.0, following a "hard fork" in May.
Bitcoin Lightning Network developer updates node software with Taproot support
The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use cases by leveraging the Bitcoin network’s capabilities.