On June 16, Vauld CEO sent out this email saying all funds are safe and Vauld isn't facing any financial difficulty due to withdrawals. Today, we got an email saying Vauld is near insolvency and withdrawals are paused. I'm highlighting the email sent to us on June 16, below. "Hey there, We understand that these…
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As the official event “Collect Cards to Share $50,000 Bonus” ends on ViaBTC’s website, the sixth-anniversary events that lasted for more than 40 days are drawing to a close. During this period, ViaBTC has celebrated its sixth-birthday along with tens of thousands of crypto enthusiasts, sharing joy and expressing gratitude to those who have stood by, believed in, and supported ViaBTC for the past six years. Were you reminded of the beautiful moment when you first met ViaBTC in the event “Share Your ViaBTC Memories”? ViaBTC’s story started in June 2016 when founder Haipo Yang completed all the coding and deployment of ViaBTC Pool in just two months, bringing it to the general users. Up to now, ViaBTC has made creative breakthroughs one after another, which marks the collective memory of both this pool and its users along the journey of growth. Have you ever felt ViaBTC’s efforts to keep up with the crypto world through “The BTC Prices You Don’t Know” event? ViaBTC Pool was born when Bitcoin hit the bottom price of merely $500. Back in those days, the public bombarded this cryptocurrency and blockchain, and was pessimistic about their future. Still, committed to its mission of “Via Blockchain, Making the World a Better Place”, ViaBTC focuses on providing better mining services for users with concerted efforts. So when Bitcoin and the entire crypto world ushered in a boom, ViaBTC has already become the world’s top comprehensive crypto mining pool. With mining services for dozens of cryptocurrencies including BTC, ETH, and LTC as well as innovative financial products, it offers a secure and stable one-stop mining service to over one million users in more than 130 countries/regions around the world. Were you impressed by the “V”, “i”, “a”, “B”, “T”, and “C” cards in the event “Collect Cards to Share $50,000 Bonus”? This event officially kicked off on June 2. Users can join the lottery to share a $50,000 bonus after collecting the six cards of “V”, “i”, “a”, “B”, “T”, and “C”, each with distinct features. Many of you might have noticed that each card presents the introduction of ViaBTC’s unique features after you click on it. In the past six years, ViaBTC has rolled out many premium innovative features, including Transaction Acceleration, Smart Mining, Hedging Service & Crypto Loans, Auto Conversion, Revenue Sharing, and Auto Withdrawal, aiming to provide users with secure, stable, efficient, convenient, and user-friendly products and services. Did you regain your commitment to and faith in the crypto industry against the recent market downturns through the letter “Born with Faith, May We Stand Fearless Together”? The crypto world is still in its infancy, so the road forward must be full of thorns, which has scared away numerous users and sifted out many institutions in the early days. The crypto world still has a long way to go, and ViaBTC will also experience many hardships and challenges in the future. Despite that, we always believe in the rosy prospect of blockchain, and will never cease our steps forward in the face of the ups and downs of the market. The sixth-anniversary events have come to a successful conclusion, yet for ViaBTC, a new journey has just begun. Instead of being content with Bitcoin mining service alone, we have provided up to 17 mining services that cover most of the mainstream PoW cryptos on the market; with ambitions beyond the mining pool business, we have set up five major business segments spanning the mining pool, exchange, wallet, CSC and investment, all of which constitute an all-encompassing ecosystem covering products, tools, and investment. ViaBTC enjoys infinite possibilities in the future. Dedicated to the mission of “Via Blockchain, Making the World a Better Place”, we will catalyze the innovation and progress of the blockchain industry through advanced financial technology, and join hands with users to create another six years of glory in the new era of blockchain.
In what some might consider as "peak irony" Peter Schiff, renowned bitcoin opponent, crypto hater and general melt, has had his accounts frozen by regulators in Puerto Rico "without warning". https://preview.redd.it/fdew900g9i991.jpg?width=640&format=pjpg&auto=webp&s=0530fc17deb86f2536df5c8b5ed6e58aa0ff5849 All funds and access to accounts either by Peter himself of customers at the bank are frozen, clients losing money, Peter up…
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The holiday weekend is making everyone nervous as BTC price action hovers at $19,000.
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The anti-crypto conference hopes attendees will get a chance to speak face-to-face with government officials to share their skepticism about the industry.
Argentina has been in a long-standing battle against rising inflation and a continued decline of the peso against the U.S. dollar.
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Central Bank of Russia […]
The price of Litecoin (LTC) is currently negative after a significant amount of liquidation. Monday’s data from Coingecko indicates that the price of LTC has decreased by 1.4% over the past week and is currently trading at $49.98. LTC had previously achieved support at $49.68, but was unable to maintain the levels and experienced a price decline. The LTC/USD pair is currently encountering resistance at $50.85; a move over this level would target $51.50. The one-day price chart for Litcoin indicates an upward trend that may persist for some time. However, it may not be steady enough to overcome the market’s significant bearish pressure. Suggested Reading | Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps? Litecoin Up 18% Despite Bearish Pressure In spite of this, LTC has gained 18% in the past seven days. In the previous several days, the Litecoin market has been highly volatile, with values surging and then falling rapidly. After failing to maintain the $52 level and facing severe selling pressure, LTC prices began to retreat. The cryptocurrency’s market capitalization is approximately $3.5 billion, and its 24-hour trading volume is $373 million. At $55.62, which is a resistance level, the LTC/USD pair established a new all-time high on Friday. This level has been retraced, and the price is currently trading below $55.50. If the price continues to decline, immediate support may be found at $54.00. LTC ROI Down Over Past 12 Months Aside from its functionality, LTC is now of little benefit to investors because it does not generate a significant profit for its holders. The coin’s return on investment over the past year has decreased dramatically, with most statistics falling into the red zone. Furthermore, of the millions of investors that buy LTC, only a few hundred thousand are still profitable. These investors purchased their supply at a price below the altcoin’s current market value. These investors represent only 13% of all LTC holdings. Suggested Reading | Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls Even though bears are currently trying to sustain momentum, they have succeeded in driving the price of LTC below the $50 threshold. Meanwhile, given that Litecoin’s market value is also at an all-time low, it is not unexpected that new investors are avoiding the asset. Despite this, LTC’s existing community will continue to patronize LTC, giving the coin a good chance of mounting a recovery. Featured image from NDTV.com, chart from TradingView.com
