Binance to resume SEPA transfers

The biggest cryptocurrency exchange, Binance, will soon allow for SEPA bank transfers again. SEPA transfers were temporarily suspended in July 2021 due to events beyond the control of the crypto exchange. However, new partnership with Paysafe company should allow for these transfers again.

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Duke Energy exploring Bitcoin mining

Duke Energy, the second largest power company in the United States, is reportedly studying Bitcoin mining. The results of this research should help the company with onboarding of the miners on the grid. Before that, the company is going to test its findings on micro-grid with different energy sources.

3AC filing for bankruptcy in the US

Three Arrows Capital, one of the biggest crypto hedge funds, has been in rather unpleasant conditions for few weeks now. The situation forced 3AC to file for bankruptcy in the United States. The step should protect the company from losing assets to liquidators as it protects US assets. The future of the company remains uncertain.

The worst quarter in the history of BTC

Bitcoin has lost around 56 % of its price in the past three months, which means that it has closed the worst quarter in its history. Until now, the worst quarter was the Q1 of the year 2018, when BTC lost about 50% of its price after it reached ATH. Yet, many view this as an excellent opportunity for buying and DCA.

SEC rejected Grayscale’s Bitcoin ETF – lawsuit incoming

The US Securities and Exchange Commission has rejected yet another Bitcoin spot ETF. The proposed move from Grayscale to switch Grayscale Bitcoin Trust (GBTC) to Bitcoin ETF was rejected due to failure to meet the required standard to prevent fraud and manipulation. Grayscale decided to take this decision to the court and sued SEC immediately.

MicroStrategy purchasing more bitcoins

MicroStrategy, one of the best-known companies in the cryptocurrency world thanks to its purchases of Bitcoin as well as its CEO, Michael Saylor, has purchased another batch of bitcoins. The company recently bought 480 bitcoins for $10 million dollars. All in all, MicroStrategy has almost 130 000 BTC, bought at an average price of $30 644.

Anonymous will chase Do Kwon

Anonymous, the hacktivist group, has just released a video stating that they will make sure that Do Kwon, founder of Terra and the person most reliable for the Luna and UST crash, will be brought to justice. Anonymous pledged to look at all the actions of Do Kwon since he joined the cryptocurrency space.

More market movers

Duke Energy exploring Bitcoin mining

Duke Energy, the second largest power company in the United States, is reportedly studying Bitcoin mining. The results of this research should help the company with onboarding of the miners on the grid. Before that, the company is going to test its findings on micro-grid with different energy sources.

Almost 60 000 Teslas with a glitch?

According to Germany's road traffic agency, almost 60 000 Teslas model Y and 3 may have a glitch. The software flaw can cause a breakdown of the eCall, which are designed to contact emergency responders in the event of a serious accident. KBA, the German watchdog that specified found this glitch, stated that 59 129 vehicles can have this problem.

Credit card interest rates on a rise

Matt Schulz, chief credit analyst for LendingTree, has recently stated that the average annual percentage rates (APR) for new credit cards reached record levels. The borrowing rate rose to 20 % as of June, more than 6% increase from the pre-pandemic levels. Schulz also stated that he believes that this is nowhere near the top.

3AC filing for bankruptcy in the US

Three Arrows Capital, one of the biggest crypto hedge funds, has been in rather unpleasant conditions for few weeks now. The situation forced 3AC to file for bankruptcy in the United States. The step should protect the company from losing assets to liquidators as it protects US assets. The future of the company remains uncertain.

S&P 500 with a horrific result

Bitcoin is not the only asset that is having bad time now. The same applies for one of the biggest US indices, S&P 500, which has just ended the first half of the year down 20.6 %. This is the worst start to a year since 1962.

Copper sinks below 8 000 dollars

Copper has just sunk below 8 000 dollars a ton, the lowest price in more than 18 months. It is likely that Copper, just like other industrial metals will fall in the price in the coming days and weeks mostly due to the fears of the incoming global financial recession.

News

Crypto news summary: Facebook, MicroStrategy and Opensea

In the last week, Facebook announced the testing of NFTs on profiles, Opensea got hacked, Microstrategy bought more Bitcoin, and much more.

Weekly macro report – Bonds reached some gains

In our latest macro report, we remain positively aimed at bonds with long-term maturities, while giving updates in the US and EA policies.

India imposes windfall tax on oil firms

India has imposed a windfall tax on the country's oil producers and refiners who are exporting more due to high international prices.

EU approves regulatory measures to tame the crypto industry

After years of debating, European Union broke down rules and regulations on the crypto industry, including anti money laundering rules.