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Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered
29.6.2022
The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.
On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At...
Citi Flags Crypto-Backed Real Estate Mortgages Amid Falling Market Conditions
29.6.2022
Citigroup has published a series of comments on mortgages backed by cryptocurrency as well as digital real estate in the Metaverse
Bitcoin and Ethereum Move Lower, Altcoins Increase Losses
29.6.2022
Bitcoin price broke the USD 20,500 support and tested USD 20,000. It is currently (11:52 UTC) showing bearish signs near USD 20,100 and is down almost 5% in a day and 3% in a week.
Similarly, most major altcoins are moving lower. ETH is down 9% and trading below USD 1,150. XRP is approaching...
Crypto market crash wipes out millions from North Korea's stolen crypto funds
29.6.2022
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds
Gnox Could Make You Bear Market Profits Instead of Holding Tether, USDC Coin, & Binance USD Stablecoins
29.6.2022
Is investing in dollar-pegged passive income opportunities risky? While it wouldn’t seem so, ask that question to anyone who lost millions of dollars when UST crumbled — and then run. The sad fact is that you never know how much risk you’re taking on when it comes to crypto, and any platform could...
Bear market will last until crypto apps are actually useful: Mark Cuban
29.6.2022
The billionaire investor said a bigger focus on applications and utility outside of finance would bring more back to the crypto space and possibly reverse the declining market
Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now
29.6.2022
PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether. Following the incredible bull market, crypto investors enjoyed...
Bitcoin Nears USD 20K, Ethereum Keeps Trimming Weekly Gains, Most Altcoins in Red
29.6.2022
Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week.
Similarly, most major altcoins are showing signs of more losses. ETH...
Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize
28.6.2022
The bear market is affecting all segments of the crypto industry, including Bitcoin miners, which have seen their revenues decline sharply this year
Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’
28.6.2022
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current...
Market Wrap: Finger-Pointing and Job Cuts as Bitcoin Slides Back Toward $20K
28.6.2022
Bitcoin's price fell for a third straight day, and a rally in Chainlink's LINK token faded – as crypto industry recriminations kept coming and stocks slumped
OKX to Increase Staff by 30% Despite Market Downturn
28.6.2022
“We are mostly focused on increasing our headcount in product and tech,” Lennix Lai, director of financial markets at OKX, said on CoinDesk TV’s “First Mover” program
Biggest Movers: XTZ, FLOW Reach Multi-Week Highs on Tuesday
28.6.2022
XTZ rose to its highest point in nearly three weeks on Tuesday, as the token climbed for a second straight session. The move came as FLOW was also trading higher, as prices of the coin moved closer to $2. Overall, crypto markets were 0.90% lower as of writing. Tezos (XTZ) XTZ rose to a multi-week...
While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards
28.6.2022
During the past 30 days, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 low at $17,593 per unit on June 18. Moreover, last month’s statistics show bitcoin’s market dominance was 2.9% higher and ethereum’s market dominance was 2.1% higher than...
Market Downturn Hasn't Chilled Optimism About Crypto Jobs
28.6.2022
As the debate continues about whether we are in a new crypto winter, workers remain optimistic, as long as they don’t have to go to the office. At least that is one takeaway from the CoinDesk Crypto Work Survey
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $1,200, Despite Market Volatility Increasing
28.6.2022
ETH has managed to remain above the $1,200 level on Tuesday, despite an increase in price uncertainty in crypto markets. BTC fell below $21,000 in today’s session, as the global crypto market cap fell by as much as 2% earlier today. Bitcoin Following a marginally bearish start to the week...
Bitcoin and Ethereum Relatively Muted, APE and BTT Rally
28.6.2022
After declining below the USD 21,000 level, BTC stayed above the USD 20,500 support zone and managed to surpass USD 21,000 again. It is currently (11:47 UTC) trading in a range near USD 21,000 and is down almost 2% in a day and up 2% in a week....
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Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
28.6.2022
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William...
Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short Sellers
28.6.2022
Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said....
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Blockchain Analytics Firm Kaiko Raises $53M Series B Led by Eight Roads Amid Bear Market
28.6.2022
The firm tripled its valuation compared to its last funding round in 2021