Bitcoin Magazine

Do you all keep in mind what happened to Axie and therefore do not trust P2E?

An ambitious team of Mayors, together with AZUR GAME, are primarily thinking about the security and stability of the token. Mayors - P2E mmo strategy on BSC which is coming out already on June 30! 🎩

Why should you pay attention to the project?

⭐️Transparency of the project and detailed information about allocation, distribution and methods of maintaining the token price. All mechanics, where the tokens are involved, are on-chain. Tokenomics is in the public domain.

⭐️Dynamic NFTs - a new trend in the P2E genre.

⭐️ Partnership with Azur Games, a top 3 international mobile games developer and publisher. Audit of smart contracts from Certik.

⭐️The price of mint is less than $100 for a pack of 3 NFTs, private sale is already on June 29!

Wow! WL giveaway is LIVE! 🔥

Join our community: https://t.me/+A8aZjLptiUczZjQy

‘Bitcoin Is Dead’ Google Searches Register 12-Month Peak

Over the past 12 months, interest in Bitcoin – the world’s premier crypto currency – has increased, with BTC recording dramatic price fluctuations marked by an all-time high and large corrections. Despite the asset’s present increasing instability, curiosity over the cryptocurrency’s next price movement has sparked a surge in interest.

According to Google search patterns, falling BTC prices are fueling rumors about the “death” of the main cryptocurrency.Based on the Obituaries list, BTC has “died” 15 times this year, with the most recent obituary being published on June 18 and proclaiming: “Bitcoin Will Never Recover.” Google Trends monitors search phrase popularity over time, assigning scores between 1 and 100 depending on the total number of user inquiries. The data are anonymised, classified by subject, and consolidated by location.

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Marathon Digital keeps on mining despite BTC price slump

Despite data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says it will continue working to accumulate the leading crypto asset.

Charlie Schumacher, VP of Corporate Communications at Marathon Digital told Cointelegraph on June 15 that while the company “isn’t immune to the macro environment,” it is “fairly well insulated and well-positioned” to weather the current downturn, due to the low cost of operations and fixed pricing for power.Schumacher added that the company has been more focused on its Bitcoin production and the accumulation of the crypto asset, with the belief that the asset will continue to appreciate in the long run.

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⚠️ Insights and Breaking News on Bitcoin and the whole ecosystem.

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Peter Brandt Predicts Ether May Collapse to $300

To underscore his extreme bearishness, Brandt said that he wouldn’t be buying the leading altcoin with his enemy’s money.On Saturday, the cryptocurrency collapsed to as low as $881 on the Binance exchange, its lowest level since December 2020.After a modest relief rally, ETH is now changing hands at $989 on Binance, but overall sentiment remains overwhelmingly bearish.

Ether is now down nearly 80% from its record peak of $4,878 that was achieved back in November.The chief altcoin would have to decline another 69% from here in order to reach Brandt’s bearish price target.When it comes to Bitcoin, Brandt still claims that there’s a 50% chance that it becomes “basically worthless.”.With that being said, he doesn’t rule out a scenario in which the top cryptocurrency eventually reached $500,000.

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Indian Crypto Advocacy Body Press for Restoration of Instant Retail Payments Service – UPI

The Blockchain and Crypto Assets Council (BACC) has asked the National Payments Corporation of India (NPCI) to restore the UPI service to Indian crypto exchanges. In a letter, it requested a meeting with the inter-bank retail payments and settlements body to discuss and understand its concerns around the crypto trade, media reports said.

In the letter, BACC has reportedly told NPCI that several of the crypto exchanges strictly follow user KYC and other NPCI protocols and asked it to restore the UPI service to such businesses. BACC is a non-profit advocacy group under the Internet and Mobile Association of India (IAMAI). It has all major local crypto exchanges, including CoinSwitch Kuber, CoinDCX, and WazirX, as its members. In October 2021, CoinSwitch founder Ashish Singhal and CoinDCX co-founder Sumit Gupta were appointed as co-chairs of BACC.

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⚠️ Insights and Breaking News on Bitcoin and the whole ecosystem.

➡️ t.me/Bitcoin_Insights

ApeCoin Hits New Low as Ethereum, Bored Ape NFT Prices Tumble

ApeCoin, the Ethereum token of the Bored Ape Yacht Club ecosystem, has fallen 65% in value over the past 30 days.

Measured in U.S. dollars, the floor price-or price for the cheapest available NFT on a secondary market-of a Bored Ape is down more than 54% over the past 30 days at a current price of $91,781, per NFT Price Floor. The Bored Ape Yacht Club is one of the most popular Ethereum NFT projects, with more than $2.2 billion.

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Total supply of stablecoins dropped sharply for first time ever in Q2

The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as a result of “short-term liquidity and concerns about insolvency that were not present during the panic of 2020," according to data analytics firm Coinmetrics.

Nuzzi noted that Tether saw the most redemptions of all centralized stablecoin issuers, with 7 billion of the total USDT supply wiped off the board in April and May, and is likely to have been caused by actions of a few, rather than any significant market-wide movements. Another project to take a big hit was MakerDAO’s DAI, which saw 40% of its supply retired as a result of the “largest liquidation event of its history.”

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SEC Opens Investigation Into Insider Trading on Crypto Exchanges

The U.S. Securities and Exchange Commission (SEC) has reportedly launched a probe into whether crypto exchanges are doing enough to prevent insider trading. At least one major crypto exchange has received a letter requesting information about safeguards on the platform, according to a Tuesday report from Fox Business that cited a person with direct knowledge of the inquiry.

SEC chair Gary Gensler has previously expressed concerns about crypto exchanges offering multiple services such as market-making, custody, and offering a trading venue, that then cause conflicts of interest. The SEC has been active in its scrutiny of the crypto space in recent months. Most recently the regulator was reported to be looking into whether Terraform Labs, the firm behind UST and LUNA, violated investor protection rules in the way it marketed the tokens.

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