Crypto investment products’ AUM reach record low amid spot Bitcoin ETF push July 4, 2022 Data from CryptoCompare shows that the price of Bitcoin kept on dropping throughout last week.
Bitcoin falls below $20,000 as it moves towards biggest quarterly drop since 2011 June 30, 2022 Bitcoin plunged below $20,000 today as it hurtles towards its biggest quarterly drop in more than a decade. The world’s biggest cryptocurrency plummeted 4.35% to about $19,160 and is down 58% in the second quarter of 2022. It tumbled around 68% in the third quarter of 2011 during its very early stages when its price [...]
Binance CEO calls for greater regulation as crypto firms face liquidity issues June 28, 2022 The CEO of Binance urged for greater industry regulation as crypto firms face liquidity issues amidst the crypto rout. “There should be clearer regulatory guidelines on reserves for different types of businesses in the crypto space,” Changpeng Zhao said in an interview with Yahoo Finance on Monday. He also called for disclosure and transparency requirements, [...]
Sam Bankman-Fried offers money to affected crypto platforms amidst downturn June 22, 2022 FTX CEO Sam Bankman-Fried is helping out crypto companies hit by the crash with monetary aid. FTX, one of the world’s biggest crypto exchanges, signed a $250m (£204m) revolving line of credit to crypto lending platform BlockFi, both companies announced on Tuesday. “We take our duty seriously to protect the digital asset ecosystem and its [...]
Hundreds of websites down over Cloudflare issues June 21, 2022 It's not just the trains that were out of action today, but also the internet.
Sam Bankman-Fried criticises lack of international coordination on crypto June 16, 2022 The founder of crypto exchange platform FTX called out the lack of global cooperation on crypto regulation. Sam Bankman-Fried said today that most countries were approaching crypto regulation on their own, and that there was a need for a globally harmonised approach. Speaking at a Financial Times conference on Thursday, the FTX CEO said the [...]
eToro adds six more digital assets to cryptocurrency line-up May 31, 2022 Social investing network eToro has today added a further six new cryptocurrency tokens to its platform which now boasts 68 digital assets.
Kings of crypto say it’s the solution without knowing what the problem is May 20, 2022 If you had doubts over whether the latest cryptocurrency correction would make mainstream news, you needed look no further than the House of Commons this week. In a duel between Ed Miliband and Rishi Sunak, the Labour frontbencher used the current price plummet as his attack line: “Crypto has crashed and so has the Chancellor,” [...]
Coinbase issues rallying cry as exchanges are battered by crypto crash May 19, 2022 Crypto exchange Coinbase has issued a rallying cry for crypto today as it scrambles to restore confidence from customers after a plunge in the market in recent weeks.
Letters: The rise and fall of crypto May 18, 2022 [Re: Bitcoin has no future as a means of payment, warns top crypto boss, yesterday] Following news that the founder of crypto exchange FTX, Sam Bankman-Fried claimed that Bitcoin is not scalable enough to accommodate millions of transactions, the asset’s future as a means of payment has drawn considerable doubt. However, this doubt is valid. [...]