Business

‘Too early’ to say Bitcoin price has reclaimed key bear market support — analysis

[ad_1] Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support  had been preserved.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHopes for "relief" from FOMC meetingData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day.The pair had seen a strong bounce after nearing $20,800, with traditional markets
Business

SEC chair warns about ‘too good to be true’ returns amid market downturn

[ad_1] Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms.Speaking virtually at the Robert F. Kennedy Human Rights Compass Investor Conference on Tuesday, Gensler said the SEC would use its existing authority to focus on cryptocurrency projects and exchanges, warning people of potentially “too good to be true” returns on investments. According to Gensler,
BLOCKCHAIN

What happens if you lose or break your hardware crypto wallet?

[ad_1] Hardware cryptocurrency wallets are known for granting users full control of their crypto and providing more security, but such wallets are prone to risks such as theft, destruction or loss.Does that mean that all your Bitcoin (BTC) is lost forever if your hardware wallet is lost, burned or stolen? Not at all.There are a number of options to restore cryptocurrency for someone who has lost access to their hardware wallet.
Business

‘Nothing issue’ — MicroStrategy CEO plans to hodl Bitcoin ‘through adversity’

[ad_1] Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms.In a tweet on June 14, Michael Saylor sought to allay fears that his firm's BTC exposure may be about to cost it dearly.Saylor stays calm as MSTR dips furtherWith the largest corporate Bitcoin treasury, MicroStrategy has felt the pain of this year's BTC price declines — at least
Business

How crypto stickers led to a new career opportunity

[ad_1] Ghana national Daniel Karikari worked as a part-time office assistant at a crypto startup, cleaning the office and serving coffee to its managers. While performing his tasks, he encountered the words “blockchain” and “cryptocurrency” on the office wall, sparking his interest that eventually led to a new career. In an interview with Cointelegraph, Karikari shared his humble beginnings. According to the Ghanaian, while he was working as an office assistant,
BLOCKCHAIN

OpenSea announces new security features to protect users from NFT scams

[ad_1] One of the most popular crypto startups, OpenSea, has recently come under fire for stolen and plagiarized nonfungible tokens (NFTs).In light of the growing number of NFT scams, OpenSea has announced the launch of a new feature that will automatically hide suspicious NFT transfers from view on their marketplace. This will help to protect users from being scammed and ensure that only legitimate transactions are visible.According to a blog post on
Business

Crypto exchange Coinbase slashes staff by 18% amid bear market

[ad_1] Coinbase CEO Brian Armstrong officially announced on Tuesday that he made a "difficult decision" to reduce the size of the Coinbase team by about 18% due to a starting economic recession.“We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,” Armstrong wrote. He added that the trading revenue significantly declined during