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Europe · BrusselsThe euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up, with gas prices soaring and the Ukraine war showing no signs of abating.See the Story
Euro slides to 20-year low against the dollar as recession fears build
42% Center coverage: 26 sources
TechVoyager Digital owed $75 million to Sam Bankman-Fried's Alameda Research. Voyager did not name other firms to whom it owes money. Three Arrows Capital, founded by Credit Suisse traders Zhu Su and Kyle Davies, managed an estimated $10 billion in assets.See the Story
US Voyager, a crypto asset loan company, files for bankruptcy law
38% Center coverage: 13 sources
Electric Vehicles · Los AngelesThe Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system. Rides are currently free, with plans to charge eventually, though the company has not disclosed specific timing. It's also the latest example of Musk promoting Dogecoin, the cryptocurrency whose value has fallen sharply in the last year.See the Story
Elon Musk's Boring Company will let you pay for a ride with Dogecoin
Coverage: 2 sources
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FacebookMark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Zuckerberg also hinted at Meta executing some layoffs. Zuckerberg has previously recognized the focus the company now has on the metaverse will make it lose money for the foreseeable future.See the Story
Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot – News Bitcoin News
Bank of EnglandBank of England says extreme volatility in the crypto market underscores the need for enhanced regulatory and law enforcement frameworks. The British central bank has warned that crypto prices could fall further. The market cap of all cryptocurrencies currently stands at about $1 trillion. It was nearly $3 trillion at its peak in November last year.See the Story
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks – Regulation Bitcoin News
CryptocurrencyRussians Buy More Hardware Crypto Wallets, Market Players say. Ledger and Tangem have been the most popular brands among Russian customers. Currency restrictions imposed by the Bank of Russia against the backdrop of Western financial sanctions have had an effect, the online marketplace noted. The surge in wallet sales can also be attributed to the outflow of IT specialists from the Russian Federation.See the Story
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia – Bitcoin News
LBank Exchange Will List IX Token (IXT) on July 7, 2022 – Press release Bitcoin News
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise – Bitcoin News
Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High – Market Updates Bitcoin News
Bank of AmericaBank of America published a report last week showing a steep decline in the number of active cryptocurrency users from its peak in November last year. In addition, the bank said that outflows to crypto platforms have fallen sharply, indicating that consumers are pulling back on their net investment into crypto platforms.See the Story
Bank of America's Active Crypto Users Drop More Than 50% in Bear Market – Featured Bitcoin News
TwitterOTC firm Cumberland says there's a growing number of crypto companies feeling financial burdens. Cumberland noted that while markets are quiet, things could get volatile again due to burdened crypto companies. The OTC firm's statement is similar to the commentary FTX CEO Sam Bankman-Fried made on June 19.See the Story
