Defi News, Digital economy, Hot news, NFT News

CRYPTO HOT NEWS 07/11/2022

US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriad of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. The US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power.

Can the Solana Phone Disrupt the Phone Industry?

Anatoly Yakovenko, the co-founder of Solana, introduced Solana Mobile Stack (SMS), a framework for Android allowing devs to create native mobile experiences for wallets and apps built on Solana. The flagship-quality Android phone is available for pre-order at a hefty $1,000 and is planned to ship by Q1 2023.

Man City inks deal with OKX

Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022–23 season. Manchester City fans will also have a chance to win season tickets in the OKX Hospitality Box via scanning QR codes on street art commissioned by the crypto exchange.

BTC bull Michael Saylor: Ethereum is ‘obviously’ a security

MicroStrategy CEO and Bitcoin (BTC) bull Michael Saylor argued that ETH is a security as it was issued via an ICO and its network has had many fundamental changes over the years. The CEO argued that the constant need for software upgrades on a network driven by a team or entity represents an indicator that ETH is a security.

Crypto Exchange Faces $270M Hit on Loans to Three Arrows Capital

Cryptocurrency exchange stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund now the subject to a liquidation order in the British Virgin Islands. Peter Smith,’s CEO said Three Arrows Capital had “defrauded the crypto industry,” adding that this company intended “to hold them accountable to the fullest extent of the law.”

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