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The Latest Breaking News from Crypto

NFT: Doomsday or Payday?

NFT marketplaces continue to struggle. The volume transacted on NFT marketplaces have decreased due to the crypto market conditions. Taking reference from the research done by The Block Crypto for the month of May 2022.

With Major Nosedives, Crypto's Being Seen As A Ponzi Scheme By Skeptics. Is There Something They Don't Get Right?

With Major Nosedives, Crypto's Being Seen As A Ponzi Scheme By Skeptics. Is There Something They Don't Get Right?

Cryptocurrency and traditional finance are worlds apart. Volatility is arguably one of the major components that differentiate the two. In the wake of the most recent downturn, skeptics have re-committed their efforts to vilify crypto—even to the point of associating it with Ponzi schemes. Does this imply they’re getting something…

Bitcoin miner Compass slashes exec pay and fires 15% of staff

Bitcoin miner Compass slashes exec pay and fires 15% of staff

US bitcoin mining business Compass Mining fired 15% of its workforce and slashed executive pay as crypto firms tighten their belts to keep afloat amid plummeting bitcoin prices.

Evening Standard

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Can ‘chief vibes officers’ and NFT influencers keep things positive amid the crypto collapse?

Maintaining a feelgood atmosphere is now a job aimed at keeping prospective investors interested – and distracting holders from a troubled market

The Guardian - US

Bitcoin, Ethereum, Dogecoin Spike: Analyst Sees Apex Crypto Hitting $28K-$30K In 'Few Days' If This Happens

Bitcoin and other major coins saw a spike in prices Thursday evening as the global cryptocurrency market cap increased 3.7% to $958.2 billion at press time.

Voyager Digital goes bust after loan default

Voyager Digital, a major cryptocurrency investment firm, declared bankruptcy on July 6 after crypto hedge fund Three Arrow Capital (3AC) defaulted on a US$650 million loan.

Brazil police raids gang allegedly using crypto to launder illegal gold mining

Brazil's federal police on Thursday carried out an operation against an alleged criminal gang that it said used crypto tokens to launder money made from illegal gold mining.

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Effects Of Using Cryptocurrency As A Commodities Substitute

Effects Of Using Cryptocurrency As A Commodities Substitute

By Zack Lindsey Raw materials are referred to as commodities, and they play an important role in the manufacture of a wide variety of other goods and services.

Dogecoin Green Despite Fed Headwinds: Why Voyager's Bankruptcy Is A Message For Shibes

Dogecoin Green Despite Fed Headwinds: Why Voyager's Bankruptcy Is A Message For Shibes

Dogecoin (CRYPTO: DOGE) traded 2.7% higher at $0.07 over 24 hours in the early hours of Thursday. The meme coin was higher along with other major coins even as the global cryptocurrency market cap fell 4.3% to $865.7 billion at press time.

Bitcoin, Ethereum, Dogecoin Shrug Off Hawkish Fed, Voyager Crisis: Analysts Pencil Apex Coin's Next Breakout Range

Bitcoin, Ethereum, Dogecoin Shrug Off Hawkish Fed, Voyager Crisis: Analysts Pencil Apex Coin's Next Breakout Range

Bitcoin, Ethereum and other major coins rose Wednesday night, as the global cryptocurrency market cap increased 2% to $923.5 billion at press time.

Voyager Digital is the next domino to fall in crypto’s brutal wipeout

Voyager Digital is the next domino to fall in crypto’s brutal wipeout

Stephen Ehrlich, the company's CEO noted that "volatility in the crypto markets" has forced his hand as the company filed for Chapter 11 bankruptcy.

Triple trouble for crypto: Liquidity crunch, bear market, new tax rules

Triple trouble for crypto: Liquidity crunch, bear market, new tax rules

MUMBAI: It’s a triad of negative factors, and not only the new rules relating to crypto currencies that kicked in on July 1, that’s giving jitters to crypto investors and driving some out of the market.

The Times of India

Bad Cryptocurrency Investments Take Shine Off Meitu

Bad Cryptocurrency Investments Take Shine Off Meitu

Key Takeaways: Beauty software maker Meitu said its $100 million bet on Bitcoin and Ether cryptocurrencies last year has lost nearly half its value Despite the losses, company says it remains “positive on the long-term prospects of the acquired cryptocurrencies” By Doug Young

Negative Sentiment Remains Amongst Institutional Investors

Negative Sentiment Remains Amongst Institutional Investors

Bitcoin (CRYPTO: BTC) is consolidating above $20,000 at time of writing, whilst negative sentiment remains among market participants. CoinShares reported inflows of $51 million into the newly launched product ProShares Short Bitcoin Strategy ETF (BITI).

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US, South Korea Team Up On Cryptocurrency Investigations Following Terra Collapse

On a recent visit to New York, South Korea’s Justice Minister Han Dong-hoon convened with U.S. officials to discuss ways to better investigate financial crimes — especially those related to cryptocurrencies.

Would You Invest In ETH at $1,000? 3 Bearish Factors That May Make You Reconsider

As part of the bearish downturn of the crypto market, Ethereum (CRYPTO: ETH) has been experiencing a major fall in price levels.

Coinbase Says Two-Thirds of Crypto Price Decline Due To Macro Factors

The correlation between stock and crypto-asset prices has risen significantly since 2020 and the digital assets today share similar risk profiles to oil commodity prices and technology stocks, according to Cesare Fracassi, Chief Economist at Coinbase Global Inc (NASDAQ: COIN).

Bitcoin Craters Nearly 40% in June, Time to Dump Coinbase Stock?

Shares of cryptocurrency exchange Coinbase Global (COIN) lost significantly, with Bitcoin witnessing its biggest monthly drop since 2011 last month. The decline in retail crypto transactions and the company’s poor financials damaged investors’ sentiment about the stock. So, is COIN a Buy at the current price level, or is there…

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'Wolf Of Wall Street' Advises On Bitcoin Crash And Best Time To Get Into Ultra-Low Cap Crypto

Jordan Belfort, the former stockbroker known as “The Wolf of Wall Street,” shared his views on Bitcoin’s (CRYPTO: BTC) 70% drawdown and the state of the cryptocurrency market.

How Bankrupt Voyager Plans To Return Crypto To Customers

Editor's note: This story has been updated to better reflect Voyager's proposed plan of reorganization, which requires court approval.

Evening Standard

Dogecoin (DOGE) price predictions: What’s on the horizon?

No token exemplifies the volatility of cryptocurrencies better, perhaps, than Dogecoin (DOGE).

Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

Dogecoin Drops As Cryptocurrency Market Battles Dollar Rise

Dogecoin (CRYPTO: DOGE) traded 2.4% lower at $0.07 over 24 hours leading up to early Wednesday. The meme coin fell along with other major coins as the global cryptocurrency market cap declined 1.5% to $903.6 billion.

Tribune News Service

Crypto ‘fear and greed’ gauge improves a bit after 60% selloff

If trader sentiment is any guide, cryptocurrencies could snap back or at least stop selling off after one of their worst quarters in history.

Voyager seeks bankruptcy as crypto mogul’s lifeline fails

Crypto broker Voyager Digital Ltd filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline from billionaire Sam Bankman-Fried’s Alameda Research, citing market volatility and the collapse of a hedge fund it had lent money to.

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