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The Latest Breaking News from Crypto

EXCLUSIVE: Why Tim Draper Stands By His 2018 Prediction For $250K Bitcoin

The world's leading cryptocurrency is sagging under the same pressure of the record-breaking inflation that is plunging the S&P 500 and Nasdaq. The U.S. Consumer-Price Index (CPI) has shown a bleak 9.1% jump in inflation year-over-year, the highest in more than 40 years.

Benzinga

Crypto Crash Blues: Bitcoin Trader Harvested $3 Million Bounty Now Cut In Half

A crypto trader said he traded in his $8,200 Rolex watch to buy cryptocurrency and is now worth a little more than $1.18 million – but admits the crashing market has halved his wealth.

Zenger

DOGE Daily: Market Goes Green, 'Dogecoin Millionaire' Names 4 Coins That Can See Upside

Dogecoin (CRYPTO: DOGE) traded 3.1% higher at $0.06 over 24 hours leading up to early Friday morning. DOGE was seen trading higher along with other major coins as the global cryptocurrency market cap rose 4% to $927 billion.

Benzinga

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Users owed £4 billion by bust crypto lender Celsius

A staggering $4.7 billion (£4 billion) of assets is owed to users of bankrupt crypto lender Celsius Network, court filings show, as crypto holders struggle to recover their investments in the wake of the Bitcoin price crash.

Evening Standard

Bitkub deal delay casts doubts over SCB’s makeover

A delayed deal between Thailand’s oldest bank and its largest cryptocurrency exchange is raising doubts about the 115-year-old financial group’s ambition to become a regional fintech powerhouse.

Bangkok Post

Bitcoin, Ethereum, Dogecoin Unfazed By Upcoming Rate Hike: Why This Analyst Is Waiting For A 'Big Short Squeeze'

Major coins, including Bitcoin, traded in the green at press time on Thursday, as the global cryptocurrency market cap rose 2.8% to $925.2 billion.

Benzinga

Are Bitcoin, Ethereum About To Lead The Stock Market Higher?

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading higher by over 2% and 7%, respectively on Thursday, compared to the S&P 500, which closed down slightly under Wednesday’s closing price.

Benzinga

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PlayStation Stars digital collectibles sound too much like NFTs

My “definitely not NFTs” T-shirt has people asking a lot of questions already answered by my T-shirt.

Inverse

2023 Grammy Awards will return to usual LA venue for first time in three years

LOS ANGELES — Thanks to pandemic-related setbacks, for the first time in three years the Grammy Awards are set to return to their usual Los Angeles home at Crypto.com Arena.

Los Angeles Times

Celsius bankruptcy signals more pain for users with frozen funds

The crypto exchange paused withdrawals in June and has now officially filed Chapter 11. Meanwhile, users' money is still stuck in limbo with no end in sight.

Input

EXCLUSIVE: Kevin O'Leary Says 'Idiots' Are Holding Crypto Back, But Regulation Can Bolster Bitcoin Value

Bitcoin (CRYPTO: BTC), the world’s largest — and first — decentralized cryptocurrency, will quadruple in value if the sector gets regulated, according to Shark Tank's Kevin O'Leary in an exclusive interview with Benzinga.

Benzinga

Dogecoin Daily: Crypto Reacts To Record Inflation Numbers, Co-Creator Recommends Reading Karl Marx

Dogecoin (CRYPTO: DOGE) traded nearly flat at $0.06 over 24 hours leading up to early Thursday morning. DOGE saw minimal movement while other major coins traded slightly in the green at press time. The global cryptocurrency market cap registered a 2.4% increase to $892.7 billion.

Benzinga

Celsius Network files for bankruptcy amid continued crypto woes

Crypto lender Celsius Network has filed for bankruptcy as it becomes the latest victim of the Bitcoin price crash.

Evening Standard

Crypto lender Celsius files for bankruptcy

NEW YORK: US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices.

Bangkok Post

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Financial Times

Inside Celsius: how one of crypto’s biggest lenders ground to a halt

Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence

The Guardian - AU

Celsius Network: cryptocurrency lender files for bankruptcy

Company enters Chapter 11 process as fallout continues from collapse of global cryptocurrency networks

Benzinga

Bitcoin, Ethereum, Dogecoin Surge Despite Red Hot Inflation: Is Apex Crypto Showing Signs Of Stabilizing?

Bitcoin and other major cryptocurrencies rose Wednesday, brushing off hotter than expected inflation, as the global cryptocurrency market cap rose 4.6% to $902.7 billion.

Input

Hostess announces new crypto-themed snack called, um, 'Twinkcoin'

Yes it is really called that, and it actually has nothing to do with the blockchain.

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USA Today Sports Media Group

Barracuda Championship is first PGA Tour stop to accept cryptocurrency for tickets

The Barracuda Championship is the first PGA Tour event to accept cryptocurrency payments for tickets.

Benzinga

Dogecoin (DOGE) Drops As Nervousness Persists

Dogecoin (CRYPTO: DOGE) traded 2.05% lower at $0.06 over 24 hours leading up to the early hours of Wednesday. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 1.5% to $873.1 billion at press time.

Benzinga

Benzinga Before The Bell: Most Effective Covid-19 Vaccine, Google's Hiring Slowdown, Panasonic's New EV Battery And Other Top Financial Stories Wednesday, July 13

CNBC Bankrupt Crypto Firm Three Arrows Capital’s Assets Frozen By New York Judge

StockNews.com

Is the Crypto Collapse Finally Over? Which Ticker to Look at First

Crypto assets have seen a massive fall from their late 2021 highs. Coinbase Global (COIN) has fallen 78.5% year-to-date due to the highly uncertain macroeconomic environment. Despite its poor financials, the company remains bullish on its investments in decentralized finance and NFTs. However, given the unfavorable analyst estimates about COIN’s…

Evening Standard

Cardano price prediction: What’s on the horizon?

Down to £0.38 from £1.02 at the start of the year, Cardano (ADA) is at its lowest price since February 2021, having suffered as much from the crypto winter of 2022 as bitcoin, Ethereum and many other tokens.

Benzinga

Bitcoin, Ethereum, Dogecoin Continue To Bleed: Analyst Points To Key Level To Watch For 'Oversold' Apex Coin

As investors await inflation data, Bitcoin and other major coins continue to tread red waters. The global cryptocurrency market cap declined 2.85% to $864.3 billion on Tuesday.

Input

Bitcoin miners pause operations in Texas to curb blackouts

For miners eating the cost of a massive crypto nosedive, the temporary pause may actually be welcome.

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