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The Latest Breaking News from Crypto

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

Coffee And Crypto: What's The Price Of Bitcoin Tuesday?

The worldwide cryptocurrency market capitalization Tuesday is at $921 billion, up from $892 billion on Friday afternoon. Following an announcement that it would cut staff by 20%, BlockFi said this morning that it signed a term agreement with crypto lender and platform FTX to secure a $250-million revolving credit facility.

Benzinga

Crypto-linked super PACs boost spending on primary races

WASHINGTON — Super PACs with ties to the cryptocurrency industry have spent at least $31.2 million in primary races ahead of this year’s midterms, with most of the money coming from a handful of executives at just one company.

Tribune News Service

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Scams and cryptocurrency can go hand in hand – here's how they work and what to watch out for

When one of our students told us they were going to drop out of college in August 2021, it wasn’t the first time we’d heard of someone ending their studies prematurely.

The Conversation

Crypto-linked super PACs boost spending on primary races - Roll Call

Super PACs connected to the crypto industry are flexing their muscles in this year's primary campaigns as lawmakers consider regulations.

Roll Call

Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds

A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.

WEKU

Bitcoin and crypto prices are extremely volatile ⁠— What to do when they’re crashing

If there’s one word that describes Bitcoin and cryptocurrency, it’s volatile. Crypto prices soar and then seem to crash almost as quickly, while rumors, sentiment and fundamental developments are quickly factored into the market. In just a four-day period in early June, Bitcoin fell from $30,500 to about $23,500 —…

Tribune News Service

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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

Crypto billionaire fallout: Rivals blast Jonathan Jackson for not filing personal finance disclosure

Ald. Pat Dowell, state Sen. Jaqueline Collins and business owner Jonathan Swain criticized the PAC bankrolled by crypto billionaire Samuel Bankman-Fried spending $500,065 to elect Jackson.

Chicago Sun-Times

Bitcoin’s struggle to hold $20,000 keeps crypto market on edge

Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.

Tribune News Service

After the crash, what’s next for the crypto kids?

Gen Z and younger millennials are the generation feeling the brunt of the cryptocurrency crash, says decentralised finance expert George Eggins. But all is not lost.

Evening Standard

Crypto’s Lehman Brothers moment

What happened this weekend to crypto markets?

Evening Standard

Watch Out: TAG Heuer Releases NFT Timepieces

By linking a crypto-wallet to the watch, owners can display various digital artworks.

Zenger

Crypto billionaire’s PAC spends nearly $1 million in Illinois Democratic congressional primaries

A PAC bankrolled by crypto billionaire Samuel Bankman-Fried poured $500,065 into television ads to elect Jonathan Jackson to Congress from the 1st District.

Chicago Sun-Times

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Bangkok Post

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.

Chronicle Live

The Fans Together investment group issue follow up statement regarding proposed Sunderland buyout

The cryptocurrency group are looking to buy the 39% stake currently owned by Stewart Donald and Charlie Methven

WEKU

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

The Guardian - US

The Crypto Crash: all Ponzi schemes topple eventually

We’re back to the wild west finances of the 1920s as the crypto industry pours huge money into political campaigns

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The Guardian - UK

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

Asharq Al-Awsat

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…

Benzinga

As Bitcoin Plunges Below The Last Bull Cycle High, Here's A Likely Path Ahead

Bitcoin (CRYPTO: BTC) was plunging over 8% lower on Saturday, breaking down from a bear flag pattern Benzinga called out on Thursday.

Benzinga

Crypto Carnage: BTC Breaks $19K, ETH Below $1K

Amid a wider cryptocurrency market carnage over the weekend, the largest digital currency by market capitalization Bitcoin (BTC) has broken the $19,000 level, the first time since December 2020, while the second-largest crypto Ethereum (ETH) has broken the psychological $1,000 mark.

Benzinga

Crypto Lending Platform Babel Halts Withdrawals Citing 'Liquidity Pressures'

Amid bearish market sentiments, cryptocurrency lending platform Babel Finance has announced that it was halting withdrawals as it was facing “unusual liquidity pressures.”

Daily Mirror

Jake Paul is "poor" after losing boxing wealth in cryptocurrency crash

Logan Paul has claimed his brother Jake is now "poor" after losing a chunk of his wealth generated from the boxing ring after investing in Cryptocurrency which has seen a huge value crash this week

Benzinga

Elon Musk Says Dogecoin Should Be 'More Currency-Like,' Responds To Billy Markus On Crypto's Future

The Dogecoin (CRYPTO: DOGE) was created in 2013 by Jackson Palmer and Billy Markus as a joke based on a popular meme portraying a Shiba Inu.

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