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    BTC, ETH Movement and New Developements

    By Ammar Mukhtar

    Jun 23,2022

    10:24 AM UTC

    The week has been just fine for the crypto market. Following are the highlights:

    • Bitcoin (BTC) has touched the price of $20.5k. In the past 24 hours, the price has increased by 1.6%. In the past 7 days, the price has decreased by almost 5.5%.
    • Ethereum (ETH) has increased by 1.68% in the past 24 hours and by this, the price has touched the level of $1,097. In the past 7 days, the price has decreased by 5.52%.
    • Last week, cryptocurrency lending experts and platform BlockFi handled a higher-than-normal amount of withdrawals, but they have since noticed an 88 percent decrease from the peak in daily withdrawal demands and anticipate this dropping tendency to continue.
    • For an undisclosed fee, decentralized trading platform Uniswap (UNI) acquired NFT marketplace aggregator Genie to include it in all of their goods and services, enabling customers to trade NFTs across all major markets.
    • Prime Trust, a provider of financial frameworks, raised USD 107 million in its Series B funding round. According to them, the resources will be used to introduce new products and raise awareness of the soundness and security of the Prime Trust Platform.
    • Today, Bitcoin (BTC) mining trouble, or the percentage of how challenging it is to seek mining rewards, is expected to decline by roughly 2% to 29.66 T.
    • The Rhetoric Star, the first dramatic installment in the trilogy on the world of cryptocurrencies, is currently in production through the Japanese film company Noma, according to Deadline.
    • To build and manage a digital assets custody, global bank Citi has started working with IT company METACO.
    • US said that it has immediately removed all exchange fees for bitcoin for all customers, both new and old.
    • Crypto exchanging platform Crypto.com reported that it has gotten approval endorsement from the Monetary Authority of Singapore for its Major Payment Institution License to offer a scope of payment administrations, including Digital Payment Token services, to clients in Singapore.

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