Cryptocurrency News

Leading cryptocurrency Bitcoin fell below $20,000 and currently trades at around $19,400. In the last 24 hours, the price of the coin saw a 7% decline. The last time Bitcoin touched this level was in December 2020. Ether trades at around $1000. The global crypto market cap stands at $851 billion. ...

Cryptocurrency hedge fund Three Arrows Capital (3ac) faces a crisis. The company couldn't meet lender demands of margin calls and liquidates its crypto holdings, which increases pressure on the market. According to Wall Street Journal, the company considers asset sales, seeking a bail out. The...

At VivaTech 2022 Conference, Ethereum co-founder Vitalik Buterin predicted that fiat currencies will continue to be the dominant form of finance and not cryptocurrencies. He said it's unlikely for crypto to overtake traditional currencies. Despite some assumptions that the created global economy...

Business magnate Elon Musk, and his companies Tesla and SpaceX were sued for $258 B by a Degecoin investor, who accused the businessman of operating a pyramid scheme to promote the meme coin. The class action complaint was submitted in federal court in Manhattan. Plaintiff Keith Johnson accused...

Security researchers at Halborn have discovered a vulnerability in most browser wallets, including MetaMask. The problem affects a small segment of users. Experts have uncovered a case where, under certain conditions, the secret recovery phrase used by web wallets could be extracted from the disk...

Data from the blockchain analytics platform Glassnode shows that the number of addresses holding more than 1 Bitcoin hit a new all-time high of 858,647. This indicator shows that the current price decline is considered as an investment opportunity for many. In the last 7 days, the coin fell by...

SkyBridge Capital founder Anthony Scaramucci said in April that his fund invests the lion's share of its capital in cryptocurrencies. This week, the financier admitted on CNBC that SkyBridge Capital took advantage of the fall in the crypto market and increased reserves in bitcoin and ether....

On June 12, crypto lending platform Celsius reported stopping all the withdrawals, swaps, and transfers between accounts because of extreme market conditions. The crypto market has experienced volatility and prices fell significantly. An announcement by the company said that the team was taking...

Many experts look at the $20,000 mark as an important psychological level for bitcoin. For example, Arthur Hayes, the founder of the BitMEX exchange, tweeted earlier this week that if BTC falls below $20,000, then we are in for a deeper dive into the leading digital currency. Galaxy Digital CEO...

Global economies continues to face challenges of price pressures. To bring inflation back down in the US, the Federal Reserve announced raising interest rates. Chair Jerome Powell said in a public report on Wednesday that the Fed raised its policy rate by 3/4 percentage point, which is the highest...

Microsoft co-founder Bill Gates criticized non-fungible tokens and cryptos. At a TechCrunch Talk, the business magnate said he finds that the sector is 100% dependent on greater fool theory. The phrase is used in finance to convey the idea that overvalued assets will grow in price when there are...

US regulators question whether cryptocurrency exchanges are doing enough to prevent insider trading. To find out, the U.S. Securities and Exchange Commission started investigations. According to a report by FOX Business, at least one large crypto exchange has received a letter requesting info about...

Arthur Hayes, the founder of the BitMEX crypto exchange, fears that the market has not found a bottom yet, and we are in for a deeper dive. The day before, he posted a post on Twitter in which he predicted a new phase of the weakening of bitcoin and ether. If the leading digital currencies fall...

BlockFi announced a staff cut of more than 850 employees by about 20%. The founders of the company, Zack Prince and Flory Marquez, noted that since the first quarter of 2022, the macroeconomic environment has changed dramatically and there has been a decline in the stock and cryptocurrency markets....

Amid a sharp decline in the prices of most cryptocurrencies, the total market capitalization fell below the $1 trillion mark. The chart below shows that the current value of $953 billion is comparable to the levels at the end of January 2021. On the night of June 14, the indicator fell below the...

Results of a survey conducted by Bank of America shows there is a high interest in crypto despite the recent fall. 91% of 1000 respondents said they intended to purchase crypto in the coming six months. This was the same percentage as those that had bought crypto in the past six months. There is a...

The fall in the cost of bitcoin did not scare the miners, they have been increasing their capacity over the past few days. On June 12, the BTC hashrate hit 231,428 exahash per second (EH/s), a new record in the history of the cryptocurrency. The lion's share of bitcoin power is generated by miners...

After inflation has set a new record high, risk assets like stocks and cryptos have been seeing a large selloff and price decline. The largest cryptocurrency, Bitcoin fell below $23,000, its lowest in 18 years. Amid the extremely volatile market conditions, a leading crypto lending platform Celsius...