With inflation still roaring, it is a hard time to make a case for the value of central banks. But the boy wizards of cryptocurrency have done it. The great benefit of crypto was said to be decentralization. This was accompanied by all manner of gasbagging about the liberating power of money unhinged from the […]
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Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9% from the year’s high of $48,234 on March 28. Ether , the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 on Sunday, losing […]
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The crypto crash in May has young investors re-thinking their views on risk and reward, but there is much that they need to keep in mind before ‘return chasing’ again. Experts weigh in The crypto crash in May has young investors re-thinking their views on risk and reward, but there is much that they need […]
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How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? How has the NFT industry dealt with the fallout of the crypto market? What are some of the issues users had with OpenSea? The story so far: The writing is on the […]
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Mainstream companies and regulators are feeling the ripples coming from the crypto industry Mainstream companies and regulators are feeling the ripples coming from the crypto industry As several crypto firms reported falling revenues in the second quarter of 2022, a growing number of traders are facing the ripple effect of the meltdown spreading from the crypto […]
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Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 Net losses was at $1.062 billion this quarter compared to $299.3 million for the second quarter of 2021 The American business intelligence company MicroStrategy has announced that Michael Saylor, will be stepping down as CEO and taking […]
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Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood is downsizing because fewer users are trading on its app amid the tumult hammering stock and cryptocurrency markets Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and […]
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Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions. Three Arrow Capital Singapore-based crypto hedge […]
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As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin […]
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South Korean prosecutors were looking for evidence of illegal practice involved in the collapse of Luna in May South Korean prosecutors were looking for evidence of illegal practice involved in the collapse of Luna in May South Korean prosecutors carried out search and seizure operations at local cryptocurrency exchanges and related offices, looking for evidence […]
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