The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said […]
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The news comes shortly after other large cryptocurrency companies announced mass layoffs due to market conditions The news comes shortly after other large cryptocurrency companies announced mass layoffs due to market conditions NFT marketplace OpenSea has said it will cut 20% of its staff due to the “crypto winter” and “broad macroeconomic instability”. A tweet […]
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A company statement confirmed that Celsius had “$167 million in cash on hand” A company statement confirmed that Celsius had “$167 million in cash on hand” The beleaguered cryptocurrency lending platform, Celsius Network, which last month froze all user withdrawals and transfers, has now filed for bankruptcy protection. (Sign up to our Technology newsletter, Today’s […]
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Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Bitcoin spent most of its time around the $20k mark, before rising slightly over $22,000 on Friday Testing times Crypto watchers and investors hoping for a dramatic change in the market were again disappointed this week as Bitcoin […]
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Crypto lending platforms had to resort to extreme measures in some cases, such as freezing trades Crypto lending platforms had to resort to extreme measures in some cases, such as freezing trades Crypto lenders, which boomed during the COVID-19 pandemic, have run into difficulties recently due to a slump brought on by the downfall of […]
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“I have 25 Bitcoin in Vauld. I have invested all my family’s lifetime savings,” John Mayer, 37, a US-based Vauld user told indianexpress.com during a conversation on a social media website. Mayer is among the many investors who are now desperately looking for relief after Vauld, a popular crypto lending platform, suspended its withdrawals and […]
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The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds The move comes during the crypto winter which has seen mass layoffs and platforms freezing user funds As the crypto sector’s turmoil stretches on, more companies are adopting extreme measures to protect themselves, even if it means stopping […]
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Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius’ decisions after freezing transfers and withdrawals could impact the crypto sector as a whole Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported […]
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The cryptocurrency market plunged by more than 50 per cent tanking hundreds of millions of dollars of crypto traders and investors. However, every event has a silver lining and the recent crypto crash also had a major impact on the energy consumption of Bitcoin. According to Digiconomst, a platform that tracks Bitcoin’s energy consumption, the […]
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Crypto and volatility are two terms that go hand-in-hand. The global cryptocurrency market is slowly on its way to recovery with Bitcoin rebounding the $20,000 mark. The crypto market cap has increased by more than 2 per cent to $902 billion in the last 24 hours, according to CoinMarketCap data at the time of writing. […]
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