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The Latest Breaking News from Crypto

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.

WEKU

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

The Guardian - US

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

The Guardian - UK

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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…

Asharq Al-Awsat

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.”

Benzinga

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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

Daily Mirror

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.

Benzinga

Bitcoin drops below $20,000 as crypto selloff quickens

The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening

The Independent UK

Bitcoin value slumps below $20,000 in cryptocurrencies turmoil

Digital asset slides to lowest level since November 2020 as rate rises increase pressure on markets

The Guardian - UK

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

Kim Kardashian and Floyd Mayweather among those being sued, but prosecuting fraud in the crypto arena is notoriously difficult

The Guardian - US

Bitcoin Breaks Below $20,000: Analyst Says 'Panic Could Be Massive,' Predicts Lower Price Target

On Saturday, Bitcoin (CRYPTO: BTC) broke below $20,000 for the first time since December 2020. One analyst has been anticipating the breakdown and says things could get worse from here.

Benzinga

Bitcoin falls below $20,000

Bitcoin has fallen below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

Bangkok Post

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inkl Originals

The Weekly Wrap for Saturday, 18 June 2022

Bitcoin is crashing, Celsius has frozen over, but this time it's not just billionaires losing their bucks. The dirty laundry of the crypto world is front page news and regulators are finally taking notice.

Benzinga

3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

Benzinga

Bitcoin Sees A Grim Moment As Addresses In Profit Reach A Two-Year Low

The world's first cryptocurrency, Bitcoin (CRYPTO: BTC), has not seen such a bad market mood for a long time, according to on-chain data.

Benzinga

What Ethereum Investors Are Watching Heading Into The Weekend: Will Crypto Predict Next Week's Market Action Again?

Ethereum (CRYPTO: ETH) was trading mostly flat on Friday in tandem with Bitcoin (CRYPTO: BTC) and the S&P 500, which were trading about 0.7% and 0.24% higher, respectively.

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Benzinga

Elon Musk Being Sued For $258B Over Alleged Dogecoin Manipulation: The Rise And Fall Of The Famous Meme Coin

In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Tesla Inc (NASADAQ: TSLA) CEO Elon Musk, by a man named Keith Johnson. The accusation is that Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of Dogecoin (CRYPTO:

The Hindu

Bubble in the air: On regulating cryptocurrencies

Without regulation of crypto currencies, retail investors will have no protection from scams

ABC News

Cryptocurrency price crash a result of inflation, as investors lose their life savings

The financial fate of many Australians will be decided over the next few days, as the price of many cryptocurrencies plunges and one major crypto-lender locks customers out of their own accounts.

Benzinga

Here's How Dogecoin Is Setting Up For The Next Big Move

Dogecoin (CRYPTO: DOGE) was trading almost 3% higher on Friday in a very tight trading range between $0.054 and $0.058.

Benzinga

Cyberattacks Are Adding To The Woes Of Web3 Projects In Bear Market

As more money pours into digital ownership, Web3 projects are becoming a bigger target for scammers whose attacks can negatively impact valuation. Crypto isn't dead, as a recent Coinbase video ad posited — right before it laid off 18% of its workforce — but it has been hurting.

Benzinga

Panama President Vetoes Bill To Regulate Crypto Assets

Panama President Laurentino Cortizo has vetoed a Bill passed by the country’s National Assembly, stating that it needs adaptation to the rules governing the Panamanian banking system.

Benzinga

Anonymous Bitcoin Whale Just Moved $205M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $205,359,971 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1CAUh6FpiYLoE9vMMZZoPHXZ2trZMtb2C1.

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