These 3 metrics suggest the Bitcoin price crash is not over
$20,000 feels scary, but it may not be the end of the story for Bitcoin’s latest bear cycle. Go to Source Powered by WPeMatico
Month: June 2022
‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story
“I’m trying to get people to plant trees,” says Fangorn, a green-fingered Bitcoiner, “as an avenue for low-time preference.” Go to Source Powered by WPeMatico
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges Caution With Cryptocurrency Cryptocurrencies and other virtual assets are increasingly spreading in Kyrgyzstan, … Read more
BitBoy founder threatens class action lawsuit against Celsius
BitBoy Crypto founder Ben Armstrong said that Celsius won’t let him withdraw money from the platform without sending more money to it first. Go to Source Powered by WPeMatico
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020. Go to Source Powered by WPeMatico
Yahoo launching Metaverse events for Hong Kong residents under restrictions
Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA. Go to Source Powered by WPeMatico
Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX. … Read more
Billionaire Sam Zell: I’ve Stayed Away From Bitcoin at All Costs
The billionaire founder and chairman of Equity Group Investments, Sam Zell, says he is staying away from bitcoin at all costs. He explained that he does not understand the cryptocurrency and believes that a currency without the backing of a government is unlikely to work. Sam Zell Remains Skeptical of Bitcoin While a growing number … Read more
Celsius CEO “Loses Voice” Two Days Before Halting All Withdrawals
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile app. Celsius Network is a … Read more
71% of high net worth individuals have invested in digital assets: Survey
A new survey suggest most of the world’s wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice. Go to Source Powered by WPeMatico