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Cryptocurrencies

“Coinbase shares soar nearly 20% in boost from meme traders, BlackRock crypto deal”

“Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Coinbase shares were last up by 25.2%. Earlier in the day they jumped as much as about 40%…… Continue Reading…

Cryptocurrencies

“Fake crypto apps have stolen over $42 million from investors in under a year…”

“The FBI says 244 investors in under a year have been scammed out of around $42.7 million through fraudulent mobile applications that claim to be legitimate cryptocurrency investment platforms. According to a new warning from the FBI, cyber criminals are attempting to… Continue Reading…

Cryptocurrencies

“Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether”

“New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the… Continue Reading…

Cryptocurrencies

“Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 10%”

“Bitcoin bounced above $22,000 on Monday, hitting its highest level in more than a month as the cryptocurrency market held out hope that the contagion and shakeout over the past few weeks is nearing its end. The world’s largest cryptocurrency was… Continue Reading…

Cryptocurrencies

“Another crypto lender Vauld pauses withdrawals as market crash takes its toll”

“Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld CEO Darshan Bathija said in a blog post on Monday that the company is facing “financial challenges” due… Continue Reading…

Cryptocurrencies

“Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears”

“Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that could have a ripple effect across the digital asset market. 3AC,… Continue Reading…

Cryptocurrencies

“$100 million worth of crypto has been stolen in another major hack”

“Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance… It follows a series of notable attacks on other blockchain bridges. The Ronin Network, which supports… Continue Reading…

Cryptocurrencies, Predictions, Opinions, & Comments

“Coinbase lays off 18% of workforce as executives prepare for recession and ‘crypto winter’” Plus My Opinion On Cryptocurrency’s Future

“…The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people…. “We appear to be entering a recession after a… Continue Reading…

Cryptocurrencies

“Bitcoin falls to fresh 18-month low as crypto meltdown deepens”

“Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to… Continue Reading…

Cryptocurrencies

“Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets”

“Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.  Crypto lending company Celsius Network announced late on Sunday night that it would freeze all withdrawals and transfers due to… Continue Reading…