During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation…
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Following a slight surge in price, bitcoin was trading lower on Friday, as bearish momentum returned to crypto markets. BTC was once again nearing the $20,000 level in today’s session, while ETH fell below $1,100 earlier in the day.
Bitcoin
BTC moved lower in Friday’s session, as bearish momentum once again reigned supreme…
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PRESS RELEASE. ESTONIA — 17 JUNE 2022 — Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is now taking on the mobile world with the launch of its iOS and Android app, as it continues on its mission to make…
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Although the liquidity situation in financial markets will remain “brutal” for the next 6 to 12 months, the “planting season” for asset allocators is now, before central banks bring their droplets of liquidity, the former BitMEX CEO, Arthur Hayes, wrote in a new essay…. Read More: Next 6-12 Months to be ‘Brutal’, but Ivestment…
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As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, “people with knowledge of the situation” told Financial News…. Read More: Celsius Reportedly Unlikely to Get Bailout Money from Investors Read more »Pay, Trade, Buy…
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Russia’s Central Bank chief Elvira Nabiullina has stated that she is prepared to allow the nation to do business in crypto – as long as it does not enter the Russian financial system and is only used in international settlements. But the country’s finance ministry, which favors legalization and regulation, is hopeful of reaching…
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After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital (3AC), more details about the financial exposure other companies in the space have had to the hedge fund have emerged, with crypto lender BlockFi being named as one counterparty affected…. Read More: BlockFi, Crypto.com, and…
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Bitcoin price gained bearish momentum below the USD 21,200 support, but the BTC bulls protected the key USD 20,000 support zone. The price is currently (11:44 UTC) consolidating near USD 21,200 and is unchanged in a day, but is still down 30% in a week. Similarly, most major altcoins are holding important support levels.…
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Binance Labs’ parent firm Binance is also looking to hire 2,000 employees amid the latest market decline as the firm sees bear markets as a “great time to bring on top talent.” Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.…
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Roland Guirdonan came to believe that cryptocurrencies are genuinely the “future of money” despite an unpleasant experience at his first job in the industry. Crypto startups have a significant role to play in the development of the entire blockchain industry. However, while many business owners have big ideas that aim to change the world, some…
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