Hodlers catch their breath as markets digest the prospect of higher Fed rate hikes, but traders refuse to believe that Bitcoin is done dropping. Bitcoin (BTC) spared hodlers the pain of losing $20,000 on June 15 after BTC/USD came dangerously close to last cycle’s high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “bottom” fools…
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MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline sees MATIC almost 10% lower, and comes as LINK rebounded on Wednesday, hitting a four-day high in the process. Polygon (MATIC) MATIC was a notable mover on hump-day, as prices of the world’s 20th-largest cryptocurrency fell by…
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“Anybody who is getting laid off from a crypto platform and wants to work for FINRA, give me a call,” said president and CEO Robert Cook. The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move that could include scooping up employees recently…
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On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing,…
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While some major crypto industry players are reacting to the recent market downturn with layoffs and/or freezing their hiring plans, major crypto exchange Kraken is unveiling a global hiring push with hundreds of available jobs across the world – declaring that it’s not planning to fire its employees. The company said in a statement…
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The US Securities and Exchange Commission (SEC) has reportedly launched a string of inquiries into the activities of numerous crypto exchanges, striving to determine whether the businesses have adequate safeguards in place to prevent insider trading…. Read More: US SEC Launches Probe into Insider Trading Safeguards of Crypto Exchanges – Report Read more »Pay,…
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Bitcoin price started a fresh decline, traded below the USD 21,200 support, and almost tested USD 20,000 before recovering. It is currently (11:44 UTC) trading near USD 21,150 and is down 3% in a day and 34% in a week. Similarly, most major altcoins started a fresh decline. ETH is down 4% and there…
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The market for non-fungible tokens (NFTs) is seeing a very mixed picture amid the broader crypto market downturn – a small relief rally in the floor prices was recorded in the past day by a couple of major collections with others continue to decline, and the overall trading volume for the majority of these…
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The major crypto hedge fund Three Arrows Capital (3AC) is rumored to be insolvent, with reports suggesting the firm has already faced massive liquidations and on-chain data indicating large sales of ethereum (ETH) staked on staking provider Lido in the past week…. Read More: After Terra and Celsius, Crypto Market Now Might Be Hit…
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Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm’s financial woes. The firm is reportedly looking for other strategic alternatives, such as…
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