Korean Crypto Exchange Upbit's Parent Q3 Profit Slides 73%: Report
Dunamu's net profit dropped to 160 billion won ($120 million), hit by lower trading and crypto market declines, CoinDesk Korea reported Tuesday. Source
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BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares. As CoinDesk's Krisztian Sandor reported, CoinShares had proposed managing between 100 million and 500 million USDC and actively investing the money in a portfolio of
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Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
“We don’t expect any sharp drops or selling pressure due to contagion fears alone since the bulk of the move is likely to be priced in already,” said Joe DiPasquale, CEO of BitBull Capital, a firm that manages crypto hedge funds. “At this point, any new development will result in
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Bitcoin Miners’ Balance Slides as FTX Collapse Weighs on Crypto
"Bitcoin mining companies have struggled this year, with the fall in the price of the largest cryptocurrency and rising energy prices (and operating costs) leading to a decline in revenue. As a result of this, mining firms have been heavily selling their underlying holdings, leading to significant net outflows over
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Bitcoin Slides Anew After FTX Bankruptcy Filing
The CoinDesk Market Index (CMI) dropped 3% during early U.S. trading hours on Friday. Original Source
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Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weakness
After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently. DOGE suffers more sell-off as price
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Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency – Economics Bitcoin News
As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this
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Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Print
The news sent bitcoin (BTC) tumbling to $18,100 – not far off from its 2022 low of $17,600. At press time, the price has bounced modestly to $18,400. The major U.S. stock market averages all fell more than 2%, but are currently trying to mount a mid-morning bounce, with the
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Bitcoin Price Slides Below Key Support Amid Russia-Ukraine War Escalation
Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further
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Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says
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