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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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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The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold The wealth-generating hot streak for Bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse, and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ […]
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Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more […]
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The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first time since January 2021, sparking worries the rout might spill over into other assets or hit other companies. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday […]
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Celsius Network, which raised $750 million in funding late last year, is a significant player in crypto lending. Celsius Network, which raised $750 million in funding late last year, is a significant player in crypto lending. Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company […]
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Is inflation the only reason why cryptocurrencies like Bitcoin had such a steep downward movement? Is inflation the only reason why cryptocurrencies like Bitcoin had such a steep downward movement? The story so far: Bitcoin, the most dominant cryptocurrency around, is down more than 50% from an all-time high price of $68,000, which it achieved […]
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An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out. The token’s crash last week sent cryptocurrencies tumbling, a slide that resumed on […]
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