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Cryptocurrencies

“DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud”

“The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. The Securities and Exchange Commission, in a related civil action, charged two… Continue Reading…

Cryptocurrencies

“These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000”

“Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year… With fervor returning to the crypto markets, industry executives are calling the start of a new bull run, mainly predicated on two things — the… Continue Reading…

Cryptocurrencies

“Cryptocurrency Altcoin Crash Is Coming: Matrixport”

“At least $3.4 billion worth of crypto is likely to be sold by FTX so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year, Matrixport… Continue Reading…

Cryptocurrencies

“Matt Damon Crypto.com’s Coin Is in Free Fall”

“…For some Crypto.com could be the next cryptocurrency company to face a severe liquidity crisis as the collapse and bankruptcy of FTX is prompting greater scrutiny in the digital assets industry. But the Singapore-based exchange’s CEO Kris Marszalek said the company’s exposure… Continue Reading…

Cryptocurrencies

“Lower Volatility Confounds Crypto Traders Used to Yo-Yo Swings”

“In contradiction to its usual tempestuousness, Bitcoin and some other cryptocurrencies have become less choppy, stupefying market-watchers who’ve long known them for their volatility. The average spread between the past month’s peak and trough across the 10 largest digital assets… Continue Reading…

Cryptocurrencies

“Anticipating the Coming Ethereum Merge”

“For crypto enthusiasts, a big change is in the air – and it’s not just a change of seasons. It’s the phrase on everyone’s lips: The Merge. It would be the Ethereum blockchain’s most ambitious software upgrade ever, coming after years of… 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…

Business, Cryptocurrencies

“Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights”

“…MoonPay, a relative newcomer, is taking the crypto mania in venture capital to new heights. The three-year-old fintech firm said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values… Continue Reading…

Cryptocurrencies

“Crypto world hits $3trn market cap as ether, bitcoin gain”

“The cryptocurrency market is now worth more than $3 trillion. As of 7:38 a.m. in London, the overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added… Continue Reading…