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‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
Bitcoin Hash Rate Erases March Losses Before ‘Epic’ Difficulty Surge
15.4.2020
Data shows Bitcoin has all but left last month’s crash behind as hash rate recovers to early March levels
MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses
14.4.2020
A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”
Blockchain Bites: Canaan and Galaxy Digital Report Losses, Fold Joins Visa and Indian Exchange Volume Skyrockets
9.4.2020
Today, Canaan and Galaxy Digital reported quarterly losses, Huobi announced a legally compliant way to reenter the U.S. market, and Binance denies stealing $1 million from one of its users
Galaxy Digital Warns Losses Could Continue as Coronavirus Hits Bottom Line
9.4.2020
The crypto merchant bank just managed to keep its head above water in 2019, but says profits will likely suffer amid the effects of Covid-19
Binance Shelters Against Job Losses During Global Pandemic
3.4.2020
Crypto industry keeps sheltering against pandemic-fueled unemployment, with Binance announcing more than 100 new hires over the world
US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say
31.3.2020
The U.S. mortgage industry faces collapse once again, this time due to the economic consequences following the coronavirus outbreak and massive job losses. Up to 50% of borrowers could default on their mortgage payments, according to industry estimates. Since the stimulus bill signed by President...
Bitcoin And Altcoins Trim Losses But Facing Uphill Task
30.3.2020
Recently, there was a fresh bearish reaction in bitcoin below the USD 6,200 and USD 6,000 support levels. However, BTC/USD found a strong buying interest near the USD 6,850 level and it is currently (09:00 UTC) recovering above USD 6,000 and USD 6,200.
Similarly, all major altcoins are showing...
Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’
27.3.2020
The top ten coins have done well but there’s a ton of unknown digital currencies moving up the ladder with great speed. In fact, a considerable number of cryptos have gained 50-1,520% in the last 30 days, since Black 'Thursday'
The post Market Update: Slew of Unknown Coins Has Seen Considerable...
For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses
25.3.2020
While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids
Bitcoin Reverses Losses After Fed Makes Unprecedented Move
23.3.2020
Bitcoin (BTC), major altcoins reversed losses today after the U.S. Federal Reserve announced unprecedented measures to support the economy.
At pixel time (12:54 PM UTC), BTC, trades at c. USD 6,207, jumping around 5% in less than an hour. The price is up 2% in a day and 29% in a week. U.S. equity...
Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors
20.3.2020
While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term...
Market Update: Bulls Return, 120 Million Tethers Minted, Bitcoin Halving Looms
20.3.2020
On March 20, cryptocurrencies jumped in value erasing some of the losses that took place over the course of the market carnage last week. The entire cryptoconomy gained a quick $39 billion during Thursday and Friday’s trading sessions and global trade volume has spiked significantly as well....
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom
13.3.2020
Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst...
IOTA Founder Personally Refunding Hack Losses to ‘Safeguard’ Project’s Remaining Reserves
12.3.2020
Using his personal holdings will help protect the IOTA Foundation's 12-month runway, according to David Sonstebo
Bitcoin and Altcoins At Risk of More Losses
10.3.2020
Recently, we saw a significant drop in bitcoin price from well above the USD 8,550 support. BTC/USD declined more than 10% and it even settled below the USD 8,000 level. The price is currently (09:00 UTC) consolidating losses and it remains at a risk of more losses below USD 7,800 and...
Bitcoin Crashes to January Lows, Altcoins Suffer Bigger Losses
8.3.2020
In a surprising move, bitcoin (BTC) price crashed this weekend, dropping to the levels last seen in January, while all major altcoins are in red against BTC on Sunday.
BTC dropped on Saturday sharply and is still moving down on Sunday. At pixel time (16:01 UTC), bitcoin trades at c. USD 8,431...
Bitcoin Faces Further Losses if Bulls Can’t Disrupt Bearish Chart Pattern
25.2.2020
Bitcoin has formed a bearish head-and-shoulders pattern with neckline support at $9,400
$30M Bitcoin Cash ‘SIM Hack’ Sparks Wild Crypto Tales With Vague Sources
23.2.2020
On February 21, the crypto Twitter commentator Dovey Wan published a series of tweets about an alleged SIM card hack that purportedly saw the loss of $30 million in bitcoin cash. The story stemmed from a Reddit post that’s now deleted and so far no one has provided any verifiable proof from...