Bitcoin
FTX US Gains 'Option to Acquire' BlockFi for Up to $240M
The crypto lender said client funds will not be impacted. Source link
Month: July 2022
Market Analysis
Bitcoin (BTC) Reaches First Ever Close Below 50-Month Moving Average
Bitcoin (BTC) created its first higher low since June 18, but has yet to break out from a horizontal and diagonal resistance level. BTC has been falling since reaching an all-time high price of $69,000 […]
Regulation
Grayscale ‘GBTC Discount’ Widens After SEC Bitcoin ETF Rejection
The widening in the discount is seen as a sign of waning optimism for a conversion anytime soon – the opposite of what was happening last week, when some investors were buying GBTC, betting on […]
Ethereum
Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
“We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in an emailed statement. “You can expect to see more […]
Bitcoin
Bitcoin Could Collapse Another 50%, Says Michael “Big Short” Burry
Former hedge fund manager Michael Burry made another bearish prediction for Bitcoin and traditional equities. Renowned for his short position which preceded the U.S. housing market crash, and one of the periods in recent economic […]
Market Analysis
Weekly Overview – July 1
This week’s price movements for bitcoin (BTC), gold, and, our wildcard, the Grayscale Bitcoin Fund. Bitcoin While bitcoin sank precipitously during the first half of June, over the past two weeks it has been settling […]
Regulation
Sam Bankman-Fried Says He’d Consider Acquiring Troubled Crypto Miners Next
The FTX CEO said helping rescue crypto miners might help mitigate the credit contagion in the crypto sector. Source link
Ethereum
Snoop Dogg Still Bullish On Ethereum Despite NFT Trades Declining 70%
American rapper Snoop Dogg has been one of the most prominent names when it comes to the non-fungible token (NFT) and Web3 space. Snoop Dogg has launched several projects across different blockchains and has shown […]
Bitcoin
Cosmos-Builder Ignite Cuts Headcount by More Than 50%, Ex-Employees Say
Employees were invited to apply to work at New Tendermint, Kwon’s new venture, said the ex-employee. Those who did not apply were told they would be invited to join a reformulated version of Ignite, or […]
Market Analysis
Hedge Fund Founder Predicts Ethereum Will Plunge to $500
The price of Ethereum (ETH) has not yet hit its lows and could eventually fall a further 40% over the next two months as investors adjust to the risk of an impending recession, Daniel Cheung, […]