Key facts:
The Sri Lanza government declared bankruptcy, generating a social explosion.
The Bitcoin market remains uncertain whether the price has bottomed out or not.
In the week that ended yesterday, the events reported by CriptoNoticias took us around the world. From the Blockchain Summit Latam conference, which was held in Panama, to the socio-political crisis that hit Sri Lanka, through the closure of accounts in an exchange in Spain, this medium revealed the influence of bitcoin (BTC) and the industry of cryptocurrencies in society.
The price of bitcoin, trading at $20,500 at the time of this publication, was not a neglected topic, and several news stories featured it.
These are the most important news:
- With special envoys to the scene of the events, CriptoNoticias was present at the Blockchain Summit Latam 2022 that took place in Panama City. Leading players in the cryptocurrency industry spoke on various topics, including: growth in the region, the social benefits of bitcoin, the price of BTC, and tips for newbies.
- The price of bitcoin occupied several CriptoNoticias headlines during the week that concluded. The market shows signs of uncertainty: will BTC continue to decline, or will it have already reached its bottom? Several specialists share a positive expectation. For example, a senior analyst at Bloomberg argues that BTC is poised for a historic bull run.
- Something that sent signs of relief to a market that had been falling was the payment that Celsius made to MakerDAO. The lending and investment company paid off all of its debt with the decentralized finance platform (DeFi). Thus, more than 20 thousand bitcoins that were at risk of being liquidated, are once again in the custody of Celsius. In any case, the clients of this company still have their accounts blocked, unable to withdraw their funds from the platform.
- The European Union’s currency, the euro, did not have a good week. It reached its lowest price against the dollar in the last 20 years. As CriptoNoticias explained, this fall could be based on fear of a new global recession.
- Users of the 2gether exchange in Spain woke up on Wednesday to the news that their accounts would be closed. Due to the crypto winter and the crisis that especially hits fintechs, the exchange house puts an end to the service of private accounts. In addition, it gives its users until July 20 to withdraw their cryptocurrencies from the platform. If they don’t, they will be sold and lost forever.
- Sri Lanka, a country that is not usually part of the news radar of the Hispanic media, caught everyone’s attention due to the socio-political crisis it is going through. As CriptoNoticias reported it, the government went bankrupt and both the president and the prime minister resigned. For Tron CEO Justin Sun, the Asian country became something akin to a DAO. In saying this, he was referring to a decentralized organization, whose decisions are made by vote of its members.
If you want to know the meaning of several words of the terminology of the crypto world, you can consult them in the extensive Glossary of CriptoNoticias. Here’s a little sneak peek at the phrase “Transaction Fee.”
transaction fee: Within the world of cryptocurrencies, it is a small fee that can be added to transactions sent through a blockchain to ensure that they are carried out quickly and efficiently. The transaction fee is usually given to the miners or delegates of the network.