Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range.Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily close above $21,000 for the past six days. For this reason, traders are uncomfortable with the current price action and the threat of many CeFi and DeFi companies dealing with the loss of user funds and possible insolvency is weighing on sentiment.

The blowback from venture capital Three Arrows Capital (3AC) failing to meet its financial obligations on June 14 and Asia-based lending platform Babel Finance citing liquidity pressure as a reason for pausing withdrawals are just two of the most recent examples.more

“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC.The Ontario Securities Commission, or OSC, issued financial penalties against Bybit and KuCoin, claiming violation of securities laws and operating unregistered crypto asset trading platforms.

In a Wednesday announcement, the Ontario regulator said it had obtained orders banning KuCoin from participating in the province’s capital markets and fining the exchange for more than $1.6 million. The OSC also announced that, as part of a settlement agreement, Bybit disgorged roughly $2.4 million and paid the regulator $7,724 as part of the costs of its investigation. Both firms allegedly failed to comply with Ontario securities laws, but only Bybit “responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions.more

Bitcoin miners are finding it extremely hard to continue their operation as the cost of production has exceeded the profit. The cryptocurrency market entered a sell-off phase in the first week of June, seeing a market-wide route with the majority of cryptocurrencies falling to a 4-year low.

The deteriorating market conditions have also affected Bitcoin (BTC) mining profitability adversely, forcing miners to liquidate their BTC holdings.

New data from Arcane research shows that public Bitcoin mining firms sold 100% of their BTC production in May compared to the usual 20-40% earlier.more

Binance.US, the American affiliate of the largest global crypto exchange, is starting to offer zero-fee trading for Bitcoin, with plans to eliminate the charges for more tokens in the future.

“Since inception, we have been known for our really low fees,” Binance.US Chief Executive Officer Brian Shroder said in an interview. Zero-fee trading is “something that we want to do because we can. This will generate positive user sentiment that will bring us new users.more

বর্তমানে বিটকয়েনের প্রাইস যেভাবে আপ-ডাউন করছে এজন্য বলা যায় খুব তাড়াতাড়ি বিটকয়েন প্রাইস 70 হাজার ডলার হিট করবে। এবং অনেক এনালাইসিস কারীদের এবং সিনিয়র ইউজার যারা রয়েছে তাদের ধারণা বিটকয়েন প্রাইস 2021 সালের মধ্যে 80 হাজার ডলারে হিট করবে। এবং অনেকেই ধারণা করেছে 2022 সালের মধ্যে বিটকয়েন প্রাইস 150k ডলার অতিক্রম করবে।
আপনাদের কি মনে হয় 2022 সালের মধ্যে বিটকয়েন প্রাইস কোন অবস্থায় চলে যাবে??

Crypto exchange BitMEX has said it is now carbon neutral, following the company’s commitment made earlier this year.Crypto exchange BitMEX now claims it’s officially carbon neutral. The announcement follows a previous commitment to achieve carbon neutrality earlier this year.

“Sustainability is the challenge of our time. Bitcoin—and cryptocurrency in general—is the transformative technology of our time. Especially around COP26, it’s only natural that crypto faces tough questions about the environmental impact of the technology that enables our work,” said BitMEX CEO Alexander Höptner in a prepared statement. In May, BitMEX committed to carbon neutrality and began a carbon offsetting program that involved donating at least $0.0026 for every $1 of blockchain fees its clients paid.

“This is important because it allows us to mitigate the environmental impact of our current activity while we make more structural, long lasting plans,” Höptner added.more information

The NBA star and early Coinbase investor has launched a $200M SPAC that could merge with or acquire a crypto firm.As an early investor in Coinbase, NBA superstar Kevin Durant likely profited handsomely when the cryptocurrency exchange went public earlier this year. However, he might not be done making moves into the space, as his investment firm just launched a SPAC that is looking into the crypto industry for a potential merger or acquisition.
Today, the SEC published a filing for a new SPAC named Infinite Acquisition Corp. for a public offering for up to $200 million. Infinite is a collaboration between Thirty Five Ventures—Durant’s investment firm with business partner Rich Kleiman—and investment and banking firm LionTree.more information

The exchange is due to release a new product with zero-fee trading, it told Decrypt today. Coinbase, the biggest cryptocurrency exchange in the U.S., is in the process of testing out a new subscription service, the company today confirmed to Decrypt. 

News of the service leaked earlier today, as some Coinbase users prematurely received access to the beta version of the service last night—which will be called Coinbase One. Users posted screenshots on Twitter of the upcoming product, which said it would give users zero-fee trading and prioritized phone support to traders.more information