Crypto crash to get worse with deeper price drops as a multibillion-dollar hedge fund struggles to survive June 15, 2022 The price of leading cryptocurrencies continued to plummet today, with industry experts warning that the “crypto winter” could last for years. Bitcoin dropped about 3.87 per cent per cent today to $21,392.46 trade at $, while Ether fell 3.73% per cent to $1162.52. Bitcoin is now down near 70 per cent from it’s all-time high of [...]
Bill Gates says he’s not involved in crypto or NFTs, mocks them for being based on “greater fool theory” June 15, 2022 Bill Gates is sceptical of cryptocurrencies and non fungible tokens (NFTs), blasting them for being based on “greater fool theory”. Speaking to TechCrunch on Tuesday, Microsoft’s billionaire ex-CEO said he’s not involved in crypto or NFTs, saying they were “100% based on a sort of greater fool theory, where someone is going to pay more [...]
Coinbase to cut staff by 18 per cent as it warns of crypto winter June 14, 2022 Crypto exchange Coinbase will lay off 18 per cent of its workforce as it warned of a recession and a crypto winter. Coinbase CEO Brian Armstrong said the decision was based on the need to manage expenses and increase efficiency as the company looked to “stay healthy during this economic downturn”. “We appear to be [...]
Bitcoin mining booms in US, crypto bank sues Federal Reserve, while ‘hodler’ losses mount June 14, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week testing the resistance at $30,000 but fell sharply.
Crypto plummets as Binance pauses Bitcoin withdrawals and Celsius stops redemptions June 13, 2022 Major cryptocurrencies plunged on Monday after Binance halted Bitcoin withdrawals and Celsius suspended all redemptions. Bitcoin dropped over 18% while ether fell more than 20% on Monday afternoon after Binance , the world’s largest crypto exchange, suspended Bitcoin withdrawals. The suspension came after crypto lender Celsius announced it would halt withdrawals, swaps, and transfers between [...]
Chipotle, SpaceX and MoneyGram move crypto adoption forward as layoffs impact industry June 6, 2022 Data from CryptoCompare shows the price of Bitcoin started last week with a sharp move toward the $32,000 mark before plunging to $29,000.
Crypto traders redeem USDT en masse as Bitcoin offerings grow May 23, 2022 Data from CryptoCompare shows that the price of Bitcoin kept on moving sideways throughout last week around the $30,000 mark.
Crypto tokens and crypto coins: what drives performance? May 18, 2022 | City Talk Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: both talent and money are flooding into the digital currency market. Almost every day brings a fresh announcement about software developers from Google or financiers from JPMorgan joining crypto start-ups. Indeed, while the total market [...]
CoinCorner Announces World First Bitcoin Lightning Card May 17, 2022 | City Talk The Bolt Card is a world first contactless card, powered by NFC and the Bitcoin Lightning Network. CoinCorner, a global leader in Bitcoin and Lightning services, is excited to announce The Bolt Card – a world first contactless card, powered by near-field communication (NFC) and the Bitcoin Lightning Network. Using a standard NFC card, the [...]
SEC doubles size of digital asset unit as Argentina bars banks from crypto services May 9, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week with a sharp move higher, to test the $40,000 mark.