Cryptocurrency Analysis and News Portal
In response to the extraordinary depegging event of the USD Coin stablecoin caused by the collapse of its counterparty Silicon Valley Bank (SVB), crypto whales have reported severe losses and appear to have embarked on a series of capital flight to protect assets. Du Jun, co-founder of cryptocurrency exchange Huobi
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The country’s financial regulator, the FCA currently has powers to ensure crypto companies register and comply with anti-money laundering rules, but it doesn't have the ability to protect consumers from any losses they might suffer. While the Financial Services and Markets Bill that’s currently under debate in parliament and is
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Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.The number of crypto-related
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Bitcoin consolidated recent losses on March 4, as cryptocurrency markets marginally stabilized from Friday’s sell-off. Prices plunged to a two-week low in yesterday’s session, however sentiment has somewhat shifted. Ethereum also recovered, moving back into the green to start the weekend. Bitcoin Bitcoin (BTC) consolidated Friday’s losses to start the weekend,
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Litecoin surged to a nine-day high to start the month, breaking out of a recent resistance point in the process. The token climbed past the $95.00 level, as bulls made a run for the $100.00 mark. Polygon also snapped a recent losing streak, by bouncing from a key support point.
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Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly
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Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC).DCG reportedly lost $1.1 billion last year, according to its Q4 2022 investor report, and said the results “reflect
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The S&P 500 sustained its fourth day of losses following suggestions that the Fed could keep battling inflation aggressively. The S&P 500 recorded losses on the day following Fed minutes, suggesting a sustained hawkish stance on inflation. Several stocks closed lower as traders and market analysts analyzed the summary of the central bank’s latest meeting. S&P
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Bitcoin price has gained nearly 50 percent YTD, significantly contributing to Coinbase shares rallying over 72 percent since the calendar flipped. Coinbase Global Inc (NASDAQ: COIN) announced its Q4 earnings and full-year 2022 results on February 21 which has affected its stock price. The American cryptocurrency exchange reported fourth-quarter revenue of
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Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday, mainly due to Ethereum’s Merge and lower Bitcoin prices. See related article: Bitcoin mining difficulty dips 0.5% over two weeks after hitting record highFast factsIn the quarter that ended on Dec. 31,
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