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"After 2022 tricked so many into thinking that digital assets are correlated to stocks and bonds, many are left scratching their heads at the 'new' old normal," Jeff Dorman, chief investment officer at Arca pointed out. "A debt spiral leads to a loss of confidence in banks and governments and
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“I don't necessarily think it's a sign of unethical behavior, but it does open up risks — exactly as you've seen occur — and the risks are not too hard to predict,” remarked Powell. “If you have a $100 million loan, and you have that on leverage, and it's against
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The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance
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A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been “subject to financial meltdowns.” Swedbank on U.S. Banking Crisis Spreading Pär Magnusson, a fixed
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Despite regaining much of its losses, there are reasons to believe that the coast is not yet clear for PEPE. The new meme token PEPE coin recently enjoyed a spell of fortune after its price surged by more than 2000% shortly after launching a few weeks ago. However, it appears that
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Investors sold stocks, especially shares of banks, and other risky assets ahead of the U.S. jobs report on Friday. Bitcoin has lost 9% over the last 24 hours, dropping below $20,000, a level the cryptocurrency hasn’t fallen below since mid-January. On Thursday, $250 million in long positions in bitcoin was
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May has been an explosive month for cryptocurrency, with huge market crashes and the complete collapse of LUNA causing a massive downturn in average trading figures. To add to this news, Coinbase’s recent financial reporting release doesn’t shine favorably on the decentralized exchange. With over 98 million verified users and billions
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It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over
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TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action. Original Source
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The Lightning Development Kit is Spiral BTC’s latest offering to the community. And to the world. The LDK is “The simplest way to integrate Lightning into your Bitcoin wallet.” It’s free to use and it contains building blocks that anyone can merge with their product or application. The big news,
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