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Getting hit the most over the last day was Gemini after that exchange paused withdrawals from its Earn program thanks to its ties with crypto investment bank Genesis, whose crypto lending unit was forced to halt withdrawals. According to the Coinglass data, the bitcoin balance at Gemini currently stands at
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The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko Research. Source
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Sollet Bitcoin (soBTC), a so-called “wrapped” asset supposedly backed 1-to-1 with bitcoin, plummeted $10,000 at around 2:00 p.m. ET, according to decentralized finance protocol Raydium. It had already spent much of the day trading below its bitcoin peg on the news that FTX had filed for bankruptcy protection. Original Source
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Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto's long-time serving executives to depart from the space. In an Oct. 22 tweet, Bougalis noted that: “my decade-long journey at Ripplehas been a fantastic (if exhausting and all-consuming) one. I got
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Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment.After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible.As some call for new
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Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets. According to a 13F disclosure filed with the Securities and Exchange Commission (SEC) on Aug. 15, Burry’s
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Fewer people have fallen victim to cryptocurrency scams in 2022 so far due to falling asset prices and the exit of inexperienced crypto users from the market, a new crypto crime report reveals. According to an Aug. 16 report from Chainalysis, total crypto scam revenue year-to-date is currently sitting at $1.6 billion,
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Peter Schiff’s bank closure strengthens Bitcoin case
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Most likely replacements have been relatively quiet on Web3 views. Source
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A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius. Source
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