Crypto came tumbling after As crypto assets are digital assets, the rate of return is sensitive to changes in the global liquidity conditions The Hindu · Jun 22, 2022
TechScape: What the crypto big freeze means for your money In this week’s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn’t really there? The Guardian - UK · Jun 22, 2022
It’s Time for Regulators to Put Crypto Down A lack of rules has created fraudulent, bubble-driven markets. Foreign Policy · Jun 21, 2022
BlockFi Received A $250M Revolving Credit Facility From FTX: Here's How It Will Help BlockFi, a crypto lending firm, has confirmed a $250 million credit facility from FTX (CRYPTO: FTT). Benzinga · Jun 21, 2022
Stabilizing Liquidity and Operations Will Take Time: Celsius Beleaguered crypto lending platform Celsius (CRYPTO: CEL), which had paused all withdrawals, swaps, and transfers between accounts last week Monday said while its objective continues to be stabilizing its liquidity and operations, the process will take time. Benzinga · Jun 21, 2022
ASX rebounds as Reserve Bank admits it suffered 'reputational damage', bitcoin recovers above $US21,000 The Australian share market rebounds, after plummeting for seven straight days into correction territory, while cryptocurrency investors remains on edge after its recent meltdown. ABC News · Jun 20, 2022
Crypto’s Lehman Brothers moment What happened this weekend to crypto markets? Evening Standard · Jun 20, 2022
Investigating the crypto crash 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 · Jun 19, 2022
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 · Jun 18, 2022
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 · Jun 18, 2022
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 · Jun 18, 2022
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 · Jun 17, 2022
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 · Jun 17, 2022
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 · Jun 17, 2022
Benzinga · Jun 17, 2022 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 · Jun 17, 2022 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.
WEKU · Jun 17, 2022 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.
Benzinga · Jun 16, 2022 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
Bangkok Post · Jun 15, 2022 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.
Benzinga · Jun 15, 2022 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 · Jun 15, 2022 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?
The Guardian - UK · Jun 15, 2022 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 · Jun 15, 2022 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 · Jun 15, 2022 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 · Jun 14, 2022 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…