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The Latest Breaking News from Crypto

‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash

Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed

The Guardian - UK

Bitcoin, Ethereum, Dogecoin Plunge As Diamond Hands Feel The Pain: How Much Longer Will Crypto Slide Last?

Bitcoin traded below a key psychological level on Monday evening, while other major coins also slid, as the global cryptocurrency market declined 4.05% to $888.7 billion at press time.

Benzinga

Celsius weighs bankruptcy filing as crypto trader crisis grows

Beleaguered crypto lender Celsius Network is exploring a possible bankruptcy filing as it becomes the latest victim of the crash in the sector.

Evening Standard

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Crypto-bro utopia: What could go wrong?

This documentary series about a failed anarchy experiment is an undisciplined stumble through a wild wild country

Salon

Crypto plunge is cautionary tale for public pension funds

The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool

The Independent UK

Why Are Cryptocurrency Miners Such As Riot Blockchain, Marathon Digital Holdings Relocating?

As of Friday morning, cryptocurrency miners such as Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) have risen 16% and 5.4% respectively, moving in a positive direction away from recent

Benzinga

Exclusive: How WAGMI United Is Changing The Soccer And NFT Markets With The Internet's Team, Crawley Town

A company that stands at the intersection between sports and crypto bought a football club with a plan to grow the team and brand, as well as allow holders of an NFT to share their input in the team’s future.

Benzinga

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If You Invested $1,000 In Polkadot At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who have owned stocks in the past couple of years have generally experienced some big gains. But there is no question some big-name cryptocurrencies have left the stock market in the dust.

Benzinga

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.

Benzinga

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…

Benzinga

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

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.

Benzinga

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.

Bangkok Post

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Reuters

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.

Benzinga

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.

Benzinga

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.

Benzinga

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.

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Input

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.

The Times of India

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.

Benzinga

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

Benzinga

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).

Benzinga

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.

Benzinga

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.

Benzinga

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).

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