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Top 10 Crypto News, 17th June
Top 10 Articles For The Day. Trending News That You May Have Missed Out On. We Find The News So You Don't Have To!
Ankita K.
1:27 17th Jun, 2022

Elon Musk, Tesla & SpaceX Hit With $258 Billion Dogecoin Lawsuit

Elon Musk faces possible class-action lawsuit over Dogecoin losses. The lawsuit aims to represent a class of people who’ve lost money trading Dogecoin, alleging illegal behavior to manipulate the memecoin’s price.

Sotheby’s Holds Crypto Auction For Rare Ferrari Supercar

Cryptocurrencies are seeping into every facet of human existence and have made a foray into the world of antique vehicles. The latest push from Sotheby’s was the sale of a rare racing vehicle using stablecoins despite the turbulence facing the market.

IRS Launches ‘Operation Hidden Treasure’ To Clamp Down On Crypto Non-Taxpayers

As cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) become more popular and widely adopted around the world as a valid alternative to traditional assets, countries are seeking ways to regulate and tax the new asset class, as well as punish those who avoid paying their dues.

Spain’s Largest Airline Vueling Adopts Crypto As A Payment Method For Tickets

Vueling, a Barcelona-based airline that is a part of IAG, and BitPay have reached an agreement that will make it possible for customers of the airliner to pay using cryptocurrency. Due to this partnership, Vueling will be the first low-cost airline in Europe to accept cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as a payment method.

Israel & Hong Kong Team Up To Test CBDC Against Cyber Risks

The exposure-free retail CBDC the Bank of Israel and the Hong Kong Monetary Authority plan to test is assumed to carry less financial risk for consumers Currency to be distributed by an intermediary, tested for risk.

Binance Eyes South Korea Re-Entry 17 Months After Exit

Binance said it is considering relaunching its services in South Korea 17 months after the platform stopped serving traders in the country. Binance CEO Changpeng Zhao (CZ) revealed the company’s intentions to Korean media Maeil Economic Daily at the VivaTech 2022 event in France.

Elon Musk Hints At Crypto Plans In First Twitter Meeting

Elon Musk held a meeting with Twitter employees today to discuss plans for the social network following his takeover. Specifically, he discussed plans concerning the addition of crypto payments and plans to eliminate crypto scams. The buyout has not been finalized, but Twitter is providing Musk with data that will help the deal move forward.

SEC Commissioner Hester Peirce Criticizes Agency’s Resistance To Bitcoin Spot ETP

Hester Pierce mentioned that Spot ETPs have launched in countries like Canada, and in Europe, generating great investor interest despite the volatile nature of the market.

Visa Launches ‘Bitcoin Cashback’ Cards In Brazil & Argentina

Visa has been working on crypto cards with multiple companies and has launched them in many countries. Now, it’s time for Brazil and Argentina as Visa announces the launch of its Bitcoin cashback cards in those regions. They are partnering with multiple companies to launch these new products, which will be their first offering in Latin America.

Bitcoin, Ethereum, Tron, & Avalanche Daily Crypto Price Analysis

The crypto market shed value, suffered a loss of 6.65%. Bitcoin has shown no improvement as it has shed 7.46%. Ethereum is also facing stark bearishness as it has shed 10.12% over the last day. Tron and Avalanche are also facing problems as they have receded 3.29% and 9.50%, respectively.

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