Crypto Market Cap Up 15% in a Week
· Many large companies including Tesla, Micro Strategy, and Block lost about 5 billion dollars from the drop in Bitcoin. “Bloomberg”
· The Federal Bureau of Investigation arrested the former Coinbase Global product manager for using privileged information to trade crypto. “Coin Telegraph”
· Around 230,000 Bitcoin, worth 5.5 billion dollars has been liquidated by large institutions since May 10. “Coin Telegraph”
· Prince Philip of Serbia calms rumors of Arab Country Bitcoin adoption. “Coin Telegraph”
· Crypto market cap climbs 15% in a week following Ethereum Merge date revelation. “Coin Telegraph”
· Siam Commerical Bank postpones acquisition of Thai crypto exchange Bitkub. “Bitcoin News”
· According to SEC, cryptocurrencies are actually crypto asset securities. “U Today”
· Tesla said on an “earnings call” that it has converted about 75% of its Bitcoin purchases into fiat currency. “Bloomberg”
· Bitcoin’s mining difficulty has recorded the biggest drop of 2022. “U Today”
· Financial regulators in Taiwan have essentially made it impossible to purchase crypto with credit cards. “Coin Desk”
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