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The Latest Breaking News from Cryptocurrency

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

Bangkok Post

Known best as the host of cryptocurrencies, experts and economists say blockchain technology could be the future of working life

While many are debating the role of cryptocurrencies in our financial future, some experts and economists say the blockchain technology that hosts the currencies could be much more important.

ABC News

Bitcoin-boosting Salvadoran leader asks for patience

El Salvador’s Bitcoin-boosting president is asking people to be patient after the price of the cryptocurrency fell below $20,000 _ less than half the price the government paid

The Independent UK

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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

Chronicle Live

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

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

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

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

Crypto Bytes: Here's What's Going On With Crypto Today

The worldwide cryptocurrency market capitalization is at $892 billion, down from $893.3 billion on Friday morning. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

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:

Benzinga

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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.

Asharq Al-Awsat

Bidding Tops $12.3 Mln for Warren Buffett Charity Lunch

Someone has bid more than $12.3 million at an online auction to win a final, private lunch with billionaire businessman Warren Buffett to benefit a charity that helps the poor, homeless and people battling substance abuse. The $12,345,678 bid from an unknown bidder in the auction, which ends on Friday…

Benzinga

Celsius, 3AC And USDT Are Among The Biggest Crypto Liquidations This Week

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations.

Benzinga

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

The worldwide cryptocurrency market capitalization is $893.3 billion Friday, down from $906.5 billion on Thursday afternoon. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

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Benzinga

3 Reasons Why Bitcoin Is Crashing

The past month has seen a major plunge in cryptocurrency prices, as recessionary fears loom and major firms experience operational problems and insolvencies.

Reason

What The New York Times Didn't Say About Crypto Firm Kraken's Culture War

An explosive Times report alleged that Kraken CEO Jesse Powell created a "hateful workplace," leading to an employee exodus. Is that what really happened?

Benzinga

Elon Musk's Twitter Takeover Could Address Crypto Scams, Usher In Bitcoin, Dogecoin Payments

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc (NYSE: TWTR) employees Thursday.

Benzinga

Dogecoin Daily: Recession Fears Continue To Take Toll, Elon Musk Lawsuit And More

Dogecoin (CRYPTO: DOGE) traded 4.7% lower at $0.6 over 24 hours leading up to Friday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 4.8% to $898 billion.

WEKU

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

Bangkok Post

Huobi Thai partner shuts platform after losing license

Huobi Thailand Co, a cryptocurrency platform, will halt its operations after the regulator revoked its license.

Benzinga

Crypto Vs Stocks: Correlation Trends In The Bear Market

Bitcoin’s (CRYPTO: BTC) all-time high (ATH) and growing popularity have changed its lack of correlation with equity markets. Amid the heavy debate, analysts have suggested an increasing connection between tech stocks and cryptocurrency prices.

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