Celsius (CEL) Lowers Liquidation Risks
Following the recent debt settlements by Celsius, the crypto lender might not face liquidation, even as investors are optimistic about withdrawals soon. Celsius’s risks of being liquidated have decreased as the firm actively repays its outstanding debt. Since July 1, Celsius has paid off over $142 million of the loan, lowering the wBTC liquidation price […]
Ethereum Price Recovery Rallies Above $1,000 Mark
Ethereum (ETH) has made a big comeback in the last 24 hours, thanks to buying during the US market holiday. Ethereum (ETH) has risen about 10% in the last 24 hours to $1,155.82, after briefly falling below $1,000. Concerns about a US economic crisis, as well as a wave of crypto bankruptcy, have weighed heavily […]
H2O Securities Raises $150 Million To Launch H2ON Token
GEM Digital, a global investment group, has made a significant investment in a new cryptocurrency-powered water delivery infrastructure system, the H2ON token. H20 Securities, based in South Africa, is said to have raised $150 million from the GEM Digital investment firm through the sale of the H20N token. GEM Digital will own H20N tokens as […]
Bitcoin Historically Records The Worst Monthly Performance In June 2022
Bitcoin value tanks by over 60% as it hovers around $20,000 levels with institutional traders shorting the coin heavily. In terms of Bitcoin and larger market correction, the month of June 2022 was severe. Bitcoin (BTC), the world’s largest cryptocurrency, fell by more than 37% in one month, achieving its worst monthly performance since 2011. […]
Indian Crypto Trading Volumes Fall After Huge Taxes
Due to a 30% tax on income and a 1% fee per transaction on crypto trades, Indian crypto traders may give up and abandon the market. Trading volume on three main Indian crypto exchanges has dropped 72.5 percent on average since July 1, when the country imposed a 1% transaction tax. TDS went into effect […]