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JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes
10.11.2022
JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom
Bitcoin Miner Iris Energy Defended at Compass Point After Equipment Financing Woes
3.11.2022
Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations
Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes
1.11.2022
Two analysts downgraded their recommendation on Argo's shares
A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll Finds
1.11.2022
Fears over inflation and the struggling economy has translated to a growing interest in crypto for a quarter of voters surveyed in a new poll commissioned by crypto asset management firm Grayscale
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
25.10.2022
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current...
Wall Street Analyst ‘Pulling the Plug’ on Bitcoin Miners Owing to Bear Market Woes
21.10.2022
DA Davidson analyst Chris Brendler downgraded Core Scientific and Argo Blockchain from buy to neutral and said the bank has grown “increasingly concerned” about the miners
MakerDAO revenue tumbles 86% on Ether and Wrapped BTC woes
14.10.2022
Messari research shows MakerDAO has experienced its first quarter of net income loss since 2020 following a huge fall in loan demand and few liquidations
Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes
7.10.2022
Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover,” to discuss why crypto may have reached its “bottom,” and their crypto-focused separate managed accounts (SMAs)
Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
30.9.2022
While mainstream media generally remains cautious against Bitcoin, current fiat debacles left outlets with no choice but to recognize BTC’s standout performance
Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar Report
14.9.2022
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic...
Turkish Inflation and Lira Woes Makes Crypto The Great Mitigator
6.9.2022
Notwithstanding the Ukraine war, 2022 will most likely go down in history as the year of inflation. Following decades of sub-5% inflation in the United States and the European Union, prices have risen by around 9% in both areas, driven predominantly by supply shocks to energy and food (not...
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
3.9.2022
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September...
Legal Woes: Coinbase Faces New Class Action, IRS Allowed to Investigate SFOX' Customers, Another Objection in SEC-Ripple War
17.8.2022
Major crypto exchange Coinbase faces a new class action suit alleging the company unauthorizedly transfers and freezes funds and locks consumers out of their accounts for extended periods. Meanwhile, the US Internal Revenue Service (IRS) has been granted permission to look into the customers...
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
16.8.2022
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local...
Thai SEC approves four crypto firms despite Zipmex woes
5.8.2022
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals
Bitcoin, Stablecoins Can’t Solve Global Payment Woes, ECB Study Says
2.8.2022
A senior central banker reckons state backed digital currencies are a better bet to make cross-border transactions quicker and cheaper – or just stitching together existing networks
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
22.7.2022
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located...
Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies
21.7.2022
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using...
Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More
8.7.2022
The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.
Here’s a round-up of the latest happenings in...
Are Block Builders the Key to Solving Ethereum’s MEV Centralization Woes?
6.7.2022
Proposer-builder separation is one way Ethereum is implementing modular decentralization