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SHOCKING: 9 | Mind Blowing Facts

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Bangkok Post

Crypto panic as digital assets follow share prices in a downward spiral

In the past week bitcoin has fallen 34% and Celsius has put a hold on withdrawals. Some fear the turmoil is far from over

The Guardian - UK

Bitcoin Slides below $20,000 to Lowest since December 2020

Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were unnerved by growing troubles in the industry and as the general pull-back from riskier assets continued. The digital currency sector has been pummeled this week after cryptocurrency…

Asharq Al-Awsat

From analysis to the latest developments in health,
read the most diverse news in one place.

The Weekly Wrap for Saturday, 18 June 2022

Bitcoin is crashing, Celsius has frozen over, but this time it's not just billionaires losing their bucks. The dirty laundry of the crypto world is front page news and regulators are finally taking notice.

inkl Originals

Crypto Bytes: Here's What's Going On With Crypto Today

The worldwide cryptocurrency market capitalization is at $892 billion, down from $893.3 billion on Friday morning. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Benzinga

Cryptocurrency price crash a result of inflation, as investors lose their life savings

The financial fate of many Australians will be decided over the next few days, as the price of many cryptocurrencies plunges and one major crypto-lender locks customers out of their own accounts.

ABC News

Celsius, 3AC And USDT Are Among The Biggest Crypto Liquidations This Week

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations.

Benzinga

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Coffee And Crypto News: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is $893.3 billion Friday, down from $906.5 billion on Thursday afternoon. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Benzinga

3 Reasons Why Bitcoin Is Crashing

The past month has seen a major plunge in cryptocurrency prices, as recessionary fears loom and major firms experience operational problems and insolvencies.

Benzinga

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

WEKU

Celsius Employees May Have Committed Fraud: Crypto Analyst

Crypto lending and interest-bearing account service Celsius Network (CRYPTO: CEL) halted withdrawals as blockchain analysis suggested

Benzinga

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry on Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options.

Bangkok Post

What Does Ethereum 2.0 Have To Do With The Celsius, 3AC, And Other Insolvencies?

As the Ethereum (CRYPTO: ETH) merge approaches later this year, Lido Staked ETH (CRYPTO: stETH) has suffered severely due to insolvencies across firms, such as Celsius and 3AC.

Benzinga

Bitcoin Plummets But Is There More Downside Ahead?

Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin (CRYPTO: BTC) continues to plummet. What are the factors contributing to this extreme sell off?

Benzinga

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The Guardian - UK

Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund

Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day

Benzinga

Celsius Halts Withdrawals, But The Worst May Be Yet To Come: What Investors Need to Know

This Sunday, crypto financial services giant Celsius (CRYPTO: CEL) saw its dedicated token flash crash after market pressure forced the company to suspend withdrawals from its platform.

The Guardian - UK

TechScape: why you shouldn’t worry about sentient AI … yet

A researcher says Google has created an AI being with smarts and soul, but my own attempt reveals the truth behind those claims. Plus, the latest crypto crash

Benzinga

Celsius Faces Liquidity Crisis, But How Are Other Crypto Firms Faring?

Global markets took a catastrophic hit yesterday, as the Nasdaq was down 4.60% and the S&P 500 was down 3.88%. Crypto suffered the most, as Bitcoin dropped over 20% to reach a low of $20,800. Ever since the crypto rally in November, in response to Bitcoin ETF Futures product being…

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The New Daily

A Ponzi scheme is a Ponzi scheme, crypto or otherwise

A facet of the crashing crypto game has reminded me of a journalistic failure 25 years ago, a story that got away and cost mugs millions of dollars.

Benzinga

Mistaken Identity? Drink Maker Celsius Falls 10% On Monday

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” A beverage company might be wishing it didn’t share a name with a cryptocurrency platform after being mistakenly linked.

Benzinga

Celsius Posts 7000+ Bitcoin As Collateral: Here's The Updated Price Of A Complete Liquidation

Over the past 3 days, Celsius (CRYPTO: CEL) has added over 7000 Wrapped Bitcoin (CRYPTO: WBTC) to avoid the risk of mass liquidation.

The Guardian - UK

Crypto exchanges Coinbase and BlockFi lay off hundreds of staff

Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

Benzinga

Cathie Wood's Ark Notes Ethereum Arbitrage Opportunity Amid Celsius-Induced Crypto Bloodbath

Cryptocurrency lending platform Celsius' (CEL) move to halt withdrawals has rocked the already bearish cryptocurrency markets, but Cathie Wood's Ark Investment Management sees a silver lining in this cloud for patient investors.

Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Liquidity Crisis, Celsius Fallout Weigh On Crypto Market

Bitcoin, Ethereum and other major coins nosedived on Monday evening as the global cryptocurrency market cap fell below the psychologically important $1 trillion mark to $944.9 billion — a decline of nearly 12.5% intraday.

Input

The crypto landslide is finally here

If you “bought the dip” in March, your $1,000 Ethereum investment would now be worth less than $500.

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