Cryptocurrency news

Major Crypto Lender BlockFi Files for Bankruptcy

Major Crypto Lender BlockFi Files for Bankruptcy

It is the type of development crypto insiders were hoping would not happen with crypto in so much trouble. Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates.It is the latest crypto casualty...

Will Crypto Collapse?

Will Crypto Collapse?

13
Cryptocurrency news
24.11.2022

The fall of crypto exchange FTX has led some people to wonder what it would take for the whole industry to collapse. The total market cap of cryptocurrencies is currently $820 billion. That is 70% below the peak of a year ago. When high-profile playe...

Bitcoin Falls to New Lows as Genesis Downplays Financial Trouble

Bitcoin Falls to New Lows as Genesis Downplays Financial Trouble

11
Cryptocurrency news
22.11.2022

Bitcoin briefly slid to its lowest level in two years this week after rumors that Genesis, the prominent digital-asset brokerage and lender, could be forced to file for bankruptcy if its ongoingcapital-raising efforts failed.The price of bitcointumbl...

US Regulators Point Fingers at Each Other over FTX Collapse

US Regulators Point Fingers at Each Other over FTX Collapse

12
Cryptocurrency news
20.11.2022

In the aftermath of the fall of cryptocurrency exchange FTX, lawmakers and regulators in the US have started to point fingers at each other over the demise of the once $32 billion crypto empire.This has resulted in bickering among various regulators....

Over $1 billion of Client Funds Missing at Collapsed Crypto Firm FTX

Over $1 billion of Client Funds Missing at Collapsed Crypto Firm FTX

11
Cryptocurrency news
13.11.2022

Failed cryptocurrency exchange FTX is showing the worst side of the crypto industry at a time when confidence in the sector is already low. After flirting with a buyout from rival Binance, FTX is now officially bankrupt, with insiders speculatin...

Crypto Crash and Gold Sell-off Come Together as Unwelcome Pair

Crypto Crash and Gold Sell-off Come Together as Unwelcome Pair

11
Cryptocurrency news
10.11.2022

Investors are finding reasons to stay away from both the volatile crypto space and the normally  safe-haven investment that is gold. The price of Bitcoin is currently hovering at around $16,500, down from $20,000 just a week ago as the world’s b...

Binance Plans to Acquire Rival FTX as Crypto Industry Struggles

Binance Plans to Acquire Rival FTX as Crypto Industry Struggles

13
Cryptocurrency news
08.11.2022

Crypto giant Binance has signed a non-binding agreement to buy its major rival, US-based FTX.com. The latter-mentioned cryptocurrency exchange had been undergoing a dangerous liquidity crunch that placed its clients’ funds at risk.Binance, the world'...

Bitcoin May Be Ready to Rise Again

Bitcoin May Be Ready to Rise Again

73
Cryptocurrency news
12.09.2022

Recent events suggest Bitcoin may be primed for an upswing. The world’s largest cryptocurrency rose a day before the release of the latest US inflation reading.Bitcoin was recently trading at about $22,200, up almost 2% over the past 24 hours. The to...

Robinhood Cuts Almost a Quarter of Its Workforce

Robinhood Cuts Almost a Quarter of Its Workforce

64
Cryptocurrency news
03.08.2022

Just a few months after laying off 9% of its staff members, once high-flying crypto firm Robinhood on Tuesday announced plans to cut another 23%. The latest cuts, which will affect almost 800 employees, continues the fall from grace of the online...

Crypto Stirring Back to Life but Still Volatile

Crypto Stirring Back to Life but Still Volatile

49
Cryptocurrency news
20.07.2022

Cryptocurrencies have suffered a tough year, with all segments of the industry shedding significant value. Bitcoin, the world's biggest crypto, making up about 42% of the total market, lost more than half its value in 2022 and is now hovering aro...

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

50
Cryptocurrency news
08.07.2022

The US Treasury has asked President Biden to work with international allies on regulating cryptocurrencies. In a memorandum to the president, the US Treasury called upon the Biden administration to develop global standards for digital payments and...

Bitcoin Faces Worst Quarterly Fall in a Decade

Bitcoin Faces Worst Quarterly Fall in a Decade

58
Cryptocurrency news
01.07.2022

Bitcoin is set for its worst quarter since the end of 2011, as more central banks tighten money supply and crypto firms fall like dominoes. A quarterly drop of 58% represents the largest fall in value since Bitcoin was in its infancy. In the years...

Bitcoin Plunges Below $20,000

Bitcoin Plunges Below $20,000

76
Cryptocurrency news
21.06.2022

Bitcoin plummeted below $20,000 for the first time since December 2020. Ether dropped to $1,000 and fell almost 11% to $975.24, its lowest level since January 2021. The two bellwethers of crypto are both roughly 70% lower than all-time highs set late...

Bitcoin Crashes More Than 30% in a Week

Bitcoin Crashes More Than 30% in a Week

52
Cryptocurrency news
18.06.2022

Bitcoin continued to plunge this week to trade at just above $20,000, as the oncoming crypto winter shows little sign of slowing.  The world's biggest cryptocurrency has fallen by nearly a third since last Friday. The coin has lost around...

Crypto Players Welcome New Bill to Regulate the Industry

Crypto Players Welcome New Bill to Regulate the Industry

93
Cryptocurrency news
10.06.2022

The crypto industry in the US welcomed new bipartisan legislation introduced to regulate it. The bill was tabled by Senators Cynthia Lummis and Kirsten Gillibrand and represents the first concrete step toward finally regulating the sector. Analyst...