Friday, December 9, 2022
Home > Struggling

Binance creates industry recovery fund to help projects struggling with liquidity

As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues. In a tweet, Binance CEO Changpeng Zhao said that the fund aims to reduce the cascading negative effects of the collapse

Read More

Silver Rallies 7% Rising Past $20 per Ounce, US Mint Says Fabricators Are ‘Struggling to Keep up With Demand’ – Economics Bitcoin News

On Friday, as the global cryptocurrency market cap jumped 5.4% higher against the greenback, U.S. stocks rallied toward the end of the day with the top four major stock indexes gathering gains. Precious metals also soared as the New York spot price of gold per troy ounce increased by 3.20%,

Read More

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

"Recent market headwinds have caused lenders to pull back, while traditional financing vehicles have been slower to engage this sector," said Sidney Powell, CEO and co-founder of Maple, in a press release on Tuesday. "Miners play an essential role in growing the crypto ecosystem and local economies, and we are

Read More

FTX Has a Few Billions to Support Struggling Crypto Projects, The Worst of Liquidity Crunch Possibly Over, Says SBF

Summary: Sam Bankman-Fried has stated that FTX has a few billion to support struggling crypto firms. He also believes that the worst of the liquidity crisis in crypto might have passed. FTX’s founder and CEO, Sam Bankman-Fried, has stated in an interview that the crypto exchange has a few billion set aside to

Read More

Despite Struggling Price, Bitcoin Exchange Reserve Hits Lowest Value Since Sept 2018

Despite the recent struggling Bitcoin price, on-chain data shows the exchange reserve has just hit the lowest value since September 2018. Bitcoin Exchange Reserve Declines To Lows Not Seen Since Sept 2018 As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has observed further decline recently, reaching

Read More