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Stay on top of the latest issues affecting field of Cryptocurencies. Find breaking news and updates from all around the financial world. At this point in the near future you will find "hot news" of Crypto.

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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.

Latin American consumers using crypto

New survey of Mastercard concluded that more than 50% of Latin American consumers have some experience with using cryptocurrencies. Moreover, over 33% of them have used stablecoins for daily purchases. The survey was conducted between March and April of this year and had more than 35 000 respondents from all around the world.

Harmony hacked โ€“ $100 million lost

Harmony blockchain has just lost about $100 million from its Horizon bridge. According to a security analyst, an unknown was able to first gain the access to bridgeโ€™s multi-signature wallet and then stole various assets such as ETH, BNB or USDT worth over $100 million.

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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.

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.

Worst first half of the year in 50 years

According to the recent numbers, the S&P 500 is on its way to close one of its worst first halves of the year in history. With about 20 % of the value of the index erased from January till June, S&P 500 is heading to the worst close of the first half of they year since 1970. Whether the loss can go even deeper depends solely on today's close.

Double digit inflation in Spain

The current inflation numbers in Spain showed that the inflation in the country jumped from 8.7 % to about 10.2 %. With double digit inflation in one of the biggest countries in the Europe, the European Central Bank will need to speed up its monetary tightening efforts and become more hawkish, if it wants to stop this metric from growing.

News

General Motors is facing a major chip shortage

GM was unable to deliver nearly 100,000 vehicles in the second quarter because it was short of chips and other parts.

EUR/USD drops after highest inflation reading ever

Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.

A distasteful month for commodities

The fear of recession and economic slowdown takes the commodities down. Metal, agriculture, and even the energy sector went down last month.

Harmony is offering one million to recover from the hack

Another massive hack in which Harmony lost a total of about $ 100 million. The company offers a reward for returning cryptocurrencies.