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Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan
7.7.2022
The crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
19.6.2022
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous...
Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
19.6.2022
Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST)...
Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
18.6.2022
Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time...
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving
14.6.2022
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the...
Crypto.com to Cut Almost 260 Jobs Amid Market Rout
13.6.2022
The company is the latest crypto firm to announce job cuts, including Gemini, Rain Financial and others
Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout
11.6.2022
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since...
Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%
3.6.2022
BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
3.6.2022
Many crypto companies are announcing substantial job cuts and hiring freezes amid challenging times for cryptocurrency and equity markets
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
19.5.2022
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during...
Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%
14.5.2022
As markets slid in value during the past week, non-fungible token (NFT) floor values have dropped considerably. Blue-chip NFT collections like Bored Ape Yacht Club (BAYC), Cryptopunks, and more have seen their floor values drop between 2-25% in the last 24 hours. NFT Floor Values Take a Significant...
Coinbase junk bonds tank amid market rout and creditors’ fears
13.5.2022
“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet,” assured Coinbase CEO Brian Armstrong
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
12.5.2022
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed...
Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?
10.5.2022
ETH/BTC rallies to test its 'ascending triangle' pattern for a bullish breakout
Coinbase, MicroStrategy Lead Crypto Stocks Lower in Market Rout
9.5.2022
Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000
Monero avoids crypto market rout, but XMR price still risks 20% drop by June
9.5.2022
XMR's bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month
Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
6.5.2022
Ether could continue dropping against the U.S. dollar in a high interest-rate environment
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout
11.4.2022
The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is...
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years
12.3.2022
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency...
Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout
29.1.2022
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin...