Cryptocurrency
Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have […]
Read More
Coinbase pops 17% as cryptocurrencies like bitcoin and ether rally
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Coinbase popped 17% on Monday as cryptocurrencies like bitcoin and ether rallied. Bitcoin, the world’s largest cryptocurrency, was trading at $22,269, up around […]
Read More
How 99-year-old publisher Time is leading legacy media into the NFT future
Time magazine covers Eric Baradat | AFP | Getty Images NFTs, or non-fungible tokens, have become, perhaps, the most controversial piece of the crypto conversation, evoking both passionate criticism and praise as Web3 becomes a bigger part of popular culture. Able to shut out the noise on both sides of the argument is an unlikely […]
Read More
Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 9%
Bitcoin and cryptocurrency prices have been under pressure in 2022 with traders feeling the fallout from a number of major collapses in the industry. Selim Korkutata | Anadolu Agency | Getty Images Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that […]
Read More
Crypto exchange Binance fined $3.4 million by Dutch central bank for operating illegally
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, on Monday was slapped with a 3.3 million euro ($3.4 million) fine from the Dutch central bank for operating in the Netherlands […]
Read More
From $25 billion to $167 million: How a major crypto lender collapsed and dragged many investors down with it
Celsius filing for bankruptcy this week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, doesn’t mean it wasn’t a really big deal for the industry. In October 2021, CEO Alex Mashinsky said the crypto […]
Read More
For bitcoin to bottom here’s what the market wants to see — and it could mean a further 30% drop
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images An improvement in macroeconomic factors, a particular trading pattern and a further shakeout of companies and projects could be the key ingredients required for bitcoin and the broader crypto market to bottom, industry players told CNBC. Bitcoin has plummeted more than 70% from its […]
Read More
This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
There’s something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally […]
Read More
Crypto needs regulation — technology can’t remove all financial risks, BOE’s Cunliffe says
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governor for financial stability. Speaking at the British High Commissioner’s residence in Singapore on Tuesday, Cunliffe shared insights on the recent “crypto winter,” which refers to a period of […]
Read More
New York judge freezes assets of Three Arrows Capital as crypto firm’s founders remain underground
A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital following the firm’s rapid fall from prominence. The fund, founded nearly a decade ago, managed $10 billion in assets just a few months ago. Now, its two co-founders are in hiding from angry creditors, […]
Read More