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The Latest Breaking News from Bitcoin

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult

The Guardian - US

Bitcoin Breaks Below $20,000: Analyst Says 'Panic Could Be Massive,' Predicts Lower Price Target

On Saturday, Bitcoin (CRYPTO: BTC) broke below $20,000 for the first time since December 2020. One analyst has been anticipating the breakdown and says things could get worse from here.

Benzinga

Fadi Elsalameen on Using Bitcoin To Fight Corruption in Palestine

How bitcoin can help Palestinians bypass the Palestinian Authority's control over their finances

Reason

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Bitcoin falls below $20,000

Bitcoin has fallen below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

Bangkok Post

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

3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

Benzinga

Bitcoin Sees A Grim Moment As Addresses In Profit Reach A Two-Year Low

The world's first cryptocurrency, Bitcoin (CRYPTO: BTC), has not seen such a bad market mood for a long time, according to on-chain data.

Benzinga

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What Ethereum Investors Are Watching Heading Into The Weekend: Will Crypto Predict Next Week's Market Action Again?

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively.

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

Panama President Vetoes Bill To Regulate Crypto Assets

Panama President Laurentino Cortizo has vetoed a Bill passed by the country’s National Assembly, stating that it needs adaptation to the rules governing the Panamanian banking system.

Benzinga

Anonymous Bitcoin Whale Just Moved $205M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $205,359,971 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1CAUh6FpiYLoE9vMMZZoPHXZ2trZMtb2C1.

Benzinga

Bitcoin Whale Moves 9,873 BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $205,359,971 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1ErLgyZKiQM63XBiKwQ3BnnX4ZC1pDUYdp.

Benzinga

Fight against inflation raises spectre of global recession

Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises

The Guardian - UK

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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Benzinga

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.

Los Angeles Times

Crypto is melting down. Here's who's hurt

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Benzinga

Benzinga Before The Bell: SpaceX Fires Staff Critical Of Musk, Snapchat Tests Subscriptions And Other Top Financial Stories Friday, June 17

Reuters London’s Gatwick Airport To Fly Lesser Number Of Flights During Summer Season

Benzinga

Elon Musk's Twitter Takeover Could Address Crypto Scams, Usher In Bitcoin, Dogecoin Payments

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc (NYSE: TWTR) employees Thursday.

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Benzinga

Dogecoin Daily: Recession Fears Continue To Take Toll, Elon Musk Lawsuit And More

Dogecoin (CRYPTO: DOGE) traded 4.7% lower at $0.6 over 24 hours leading up to Friday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 4.8% to $898 billion.

The Guardian - UK

First Thing: Trump a ‘clear and present danger to US democracy’

Select committee chairman warns that the ‘system nearly failed’ but for Pence’s defiance. Plus, top Republican negotiator walks out of Senate gun talks

WEKU

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

Crypto Vs Stocks: Correlation Trends In The Bear Market

Bitcoin’s (CRYPTO: BTC) all-time high (ATH) and growing popularity have changed its lack of correlation with equity markets. Amid the heavy debate, analysts have suggested an increasing connection between tech stocks and cryptocurrency prices.

The Guardian - US

Jay-Z’s bitcoin school met with skepticism in his former housing project: ‘I don’t have money to be losing’

The hip-hop mogul loves to rap about his roots in Brooklyn’s Marcy housing projects. But classes in cryptocurrency show the billionaire is out of touch, residents say

Benzinga

Bitcoin, Ethereum, Dogecoin Tumble: Analysts Search For Crypto Bottom As Recession Fears Grip Markets

Bitcoin, Ethereum and other major coins traded sharply lower Thursday evening as the global cryptocurrency market cap fell 8.7% to $886.54 billion.

Tribune News Service

Crypto selloff resumes as post-Fed mood in global markets sours

The selloff in the digital-asset space accelerated Thursday, with losses in US equities also snowballing, a day after the Federal Reserve raised interest rates by the most in decades.

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