Weekly Recap #33 | All you need to know about Bitcoin & Crypto
14 June –?20 June 2022
Here is another super interesting Crypto week! Find below a top list of the most relevant news you need to know. Enjoy the reading!
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1.????Brazilian proposal would make crypto payments legal and protect private keys
A proposed addition to an existing Brazilian law would grant Brazilians the right to use cryptocurrency as a means of payment while protecting their private keys from being taken by the courts.
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2.????Bitcoin and crypto remain 'durable assets' despite crash: BlackRock's Rieder
Crypto's?June swoon has shaken the confidence of even the most ardent bulls. But many pros that watch and trade the sector aren't yet thinking about a longer-term demise for digital assets in the face of such stark price declines.
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3.????Kevin O’Leary says ‘panic event’ is needed before crypto bottoms
Well-known investor and "Shark Tank" star Kevin O’Leary said he isn’t ready to call a bottom in the crypto sector short of a major negative occurrence.?
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4.????Celsius warns it will ‘take time’ to stabilise as bitcoin hovers near $20,000
Celsius Network, the cryptocurrency lender that rattled markets by suspending withdrawals last week, has warned that it will “take time” to normalise its operations, as companies across the sector face mounting financial pressure from a sell-off in digital assets.
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5.????As USDC Stablecoin gains momentum, a euro version is on its way
Circle Internet Financial Ltd.?is launching a euro-based version of its popular USDC stablecoin, which has been gaining traction after its closest rival Tether has come under increased scrutiny.?
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Source: Financial Times, Coin Telegraph, Yahoo Finance, CoinDesk, Bloomberg
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