Crypto news; last week summary and this week's expectancy
A beautiful morning to you readizens,
This is your daily Crypto news vent. As promised, I will be dropping juicy crypto news to help you keep up with happenings in the Cryptoverse and also be able to navigate and take advantage of the crypto market.
Scam Alert!
Before I dive into interesting compiled list I have today, here is a scam discovered: TERK is a scam project. Do not pay a dine all in the name of unlocking the token. The team as said before you can trade, swap or transfer the token, you will have to first unlock token in your wallet with $5 in USDT. Imagine 5 million holders paying such fee that's whopping $25 Million. Phew! Currently about 60,000 holders have paid the fee and they can guess they have been duped after the token still remain useless and unswappable. So, take heed and leave the token as it is in your wallet. DO NOT PAY FOR THE UNLOCKING!
To the matters of the day
ICYMI: Your summary of the week in crypto
Here’s a look back at the crypto stories you may have missed over the past seven days.
And there's only one thing we can talk about first: Bitcoin's scary week. The world's biggest cryptocurrency initially emerged relatively unscathed after the U.S. Federal Reserve announced interest rates would rise by half a percentage point. Heck, BTC even enjoyed a miniature rally and touched highs of $40,000.
But the euphoria didn't last, with BTC plummeting to $36,000 within hours on Thursday. The crypto markets fell in tandem with Wall Street, where traders are panicking over runaway levels of inflation… and the prospect of a recession.
Meta has been sued!
Five things we learned this week
1. Coinbase NFT isn't proving popular. Fewer than 150 people signed up when the long-awaited marketplace opened its doors to the public on Wednesday. Ouch.
2. Gucci is going to start accepting crypto. Not only will it allow Bitcoin and Ether to be used to buy high-end couture, but it's also going to accept Dogecoin and Shiba Inu.
3. Elon Musk is getting a little help to buy Twitter. He's raised $7 billion in new funding — including $500 million from Binance, CoinMarketCap's parent company.
4. Meta is being sued over its logo. The blockchain foundation Dfinity claims Meta's logo is too similar to its own… and this could confuse customers.
5. Crypto investors REALLY don't like change. Crypto.com had a backlash on its hands after unveiling controversial changes to the rewards program for its Visa cards.
New week expectancy
The week ahead
Here are just a few burning questions:
— Will Bitcoin recover, and can it crack stubborn resistance at $40,000? I personally hope it does🙏🙏🙏
— Will gloomy economic data force the Fed to consider a 0.75% move in its benchmark interest rate next month?
— What on Earth is Elon Musk going to tweet next?
It's going to be a really awesome week in the Cryptoverse, who is with me?🙌🙌🙌
So, there you have it, more news loading. I am glad to be your crypto news vendor. I am also going to be including Newest Aidrops with massive gains in the news so you can get the full advantage of cryptocurrency. Here is a tip; EVMOS Airdrops is really making people rich now. Jump on it and toot your train to rich man's land😉😋
A big thanks to you all for taking your time to read my articles. I love you guys. Do remain blessed.❤️❤️❤️
BTC have now gone lower than that price and has successfully dragged other crypto down with it 😩 the werey is hovering around $31k, I just weak