Daily News Headlines | Latest Crypto News (17th June) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

General Motors is Open to Accepting Payments in Bitcoin

Mary Barra, the CEO of General Motors, suggested that the automaker could start accepting payments in Bitcoin if customers showed interest. Back in February, the CEO had stated that her company would “continue evaluating” the digital asset following Tesla’s disclosure that it had purchased BTC worth $1.5 billion.

Whales Amass 90,000 BTC in 25 Days, Own 50% Share of Total Circulation

Whales have continued their BTC buying spree even during one of the most volatile periods in the market. According to Santiment data, BTC hoarders have used the last month to buy nearly 100,000 coins. In the last 25 days, whales have reportedly accumulated 90,000 BTC.

Digital Euro Could Deplete Bank Deposits By 8%: Morgan Stanley

Leading global investment bank Morgan Stanley reported that a digital euro could wipe out 8% of customer deposits from eurozone banks. According to the institution’s analysts, this share could be higher in smaller countries like Greece, Latvia, Lithuania, and Estonia.

Alchemix Patches “Free Money” Bug as 2,000 ETH Returned Prematurely

DeFi protocol Alchemix has patched an error that led to the incorrect calculation of outstanding debts. The bug seemingly forgave users’ existing loans prematurely and permitted them to claim the free money. Some sources cited that the company might have lost 2,000 ETH in forgiven debts.

CNN Launches “Vault” to Sell NFTs of Historic News Moments

The WarnerMedia-owned multinational news channel CNN is jumping into the NFT space with a new offering called “Vault by CNN”. The project will mint a select set of NFTs from the channel’s 41-year old archives on the Flow blockchain, which is also home to NBA Top Shot, a marketplace for sports highlights.