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The Latest Breaking News from Crypto

Cryptocurrency Is Becoming an Absolute Game Changer in Today's Real Estate Transactions

In just a few short years, the public’s perception of cryptocurrency has evolved dramatically. It began with many first seeing it as a novel but impractical idea, then as a scam, then as a valid but volatile investment, and now, it’s finally starting to be seen as a legitimate form…

Benzinga

Coinbase lays off 1,100 full-time workers over recession fears

CEO Brian Armstrong said managing costs would be critical with the possibility of recession leading to a crypto winter.

Axios

Not Bitcoin Or Gold: 'Rich Dad Poor Dad' Author Says This Is The Best Investment To Beat Inflation Right Now

“Rich Dad, Poor Dad” author Robert Kiyosaki reminded his 1.9 million Twitter followers that they cannot eat Bitcoin (CRYPTO: BTC), gold and silver.

Benzinga

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Crypto exchanges Coinbase and BlockFi lay off hundreds of staff

Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

The Guardian - UK

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

The worldwide cryptocurrency market capitalization is at $943.6 billion on Tuesday morning, down from $968 billion just 24 hours ago. Investors are continuing to sell off crypto assets amid heightened inflationary pressures and a looming recession.

Benzinga

Dogecoin Daily: Is Now The Time To Drown Sorrows With DOGE Vodka or Be 'Hangry?'

Dogecoin (CRYPTO: DOGE) traded 2.2% lower at $0.6 over 24 hours leading up to early Tuesday morning. DOGE dropped lower along with other major coins amid a market-wide rout that extended until press time.

Benzinga

'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

Cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) announced a restructuring plan and the expectation for job cuts Tuesday morning, sending shares lower. Here are the details.

Benzinga

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New York Puts Bitcoin Mining in the Crosshairs

It’s one of many anti-cryptocurrency policies emanating from the Empire State

Reason

SEC’s new crypto enforcers are coming for DeFi, lawyers say

WASHINGTON — The Securities and Exchange Commission’s decision to beef up its cryptocurrency enforcement staff could signal new worries for digital asset exchanges and others in the industry, as the agency broadens its view of whether some cryptocurrencies are securities.

Tribune News Service

Shanghai Tries New Tactics to Stamp Out Crypto Mining

Companies running data centers are required to conduct self-checks and pledge not to engage in the power-hungry activity

Caixin Global

SEC's new crypto enforcers are coming for DeFi, lawyers say - Roll Call

Lawyers say the SEC's boosting of cryptocurrency enforcement will put more scrutiny on decentralized finance platforms and NFTs.

Roll Call

Cathie Wood's Ark Notes Ethereum Arbitrage Opportunity Amid Celsius-Induced Crypto Bloodbath

Cryptocurrency lending platform Celsius' (CEL) move to halt withdrawals has rocked the already bearish cryptocurrency markets, but Cathie Wood's Ark Investment Management sees a silver lining in this cloud for patient investors.

Benzinga

There's a new plan to regulate cryptocurrencies. Here's what you need to know

Two senators have unveiled a new bill with bipartisan support. But skeptics are already warning it's a step backwards and is far too crypto-friendly.

WEKU

Bitcoin, Ethereum, Dogecoin Crash: Liquidity Crisis, Celsius Fallout Weigh On Crypto Market

Bitcoin, Ethereum and other major coins nosedived on Monday evening as the global cryptocurrency market cap fell below the psychologically important $1 trillion mark to $944.9 billion — a decline of nearly 12.5% intraday.

Benzinga

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Input

The crypto landslide is finally here

If you “bought the dip” in March, your $1,000 Ethereum investment would now be worth less than $500.

Benzinga

Coinbase Stock Nosedives Alongside Cryptocurrencies, Celsius Chaos: What The Charts Say

Whether you are investing in stocks, bonds, commodities or cryptocurrencies, it can be very stressful. Not being able to withdraw or transfer your funds if so desired on your chosen platform can even be more stressful.

Benzinga

EXCLUSIVE: Voyager Digital CEO Says 'Customer Assets Are Safe' Amid Crypto Collapse

Cryptocurrency lending platform Celsius announced Monday that it was pausing withdrawals, which sent the crypto market spiraling lower.

Benzinga

Dogecoin Continues To Fall As Elon Musk Goes Silent On The Crypto: Here's What To Watch

Dogecoin (CRYPTO: DOGE) was plummeting about 15% lower at one point during Monday’s 24-hour trading session, in sympathy with the Bitcoin (CRYPTO: BTC) and the S&P 500, which plunged about 14% and 3%

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Benzinga

As Ethereum Continues To Plunge, Here's Why The Bulls Must Hold This Key Level

Ethereum (CRYPTO: ETH) plunged more than 15% on Monday, which Benzinga pointed out was likely to happen on Saturday if the crypto lost the $1,500 level as support.

Benzinga

BlockFi Lays Off 20% Of Workforce: 'Macroeconomic Environment Has Shifted Dramatically'

Zac Prince, CEO of cryptocurrency exchange and lender BlockFi, took to Twitter Inc (NYSE: TWTR) on Monday to announce the company intends to lay off 20% of its staff.

Benzinga

Bitcoin Slumps Further, But Could This Be The Start Of A Bull Rally?

At the time of writing, Bitcoin (CRYPTO: BTC) has slumped 20% since the start of the weekend into this new trading week, taking the total decline in price to 67% since November 2021.

Benzinga

Cryptos' Market Cap Tanks Below $1 Trillion, Crypto.com CEO Lays Off 5% Staff

Amid a wider market rout, the total market capitalization of cryptocurrencies has fallen below $1 trillion, levels not seen since February 2021.

Tribune News Service

How Fed rate hikes could impact stocks, crypto and other investments

The Federal Reserve is set to raise interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points — one-half of a percentage point — according to the CME FedWatch…

Benzinga

Crypto Valley Exclusive: FlowBank Merges The Stability And Safety Of A Swiss Bank With Everything Technology Can Offer

Detroit-based Benzinga, a media and data provider bridging the gap between retail and institutional investors, sent its team to Switzerland June 2-3, for Crypto Valley.

Asharq Al-Awsat

Bitcoin Plunges as Major Crypto Lender Halts Operations

Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major crypto lender halted all withdrawals citing "extreme market conditions." It is the second collapse of a part of the cryptocurrency world in the last two months. The stablecoin Terra imploded in early May, erasing tens of billions of…

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