Cryptocurrency Analysis and News Portal
Crypto bank Silvergate had to undertake a 200-employee layoff and take other drastic measures to facilitate a withdrawal bank run. During the FTX-triggered crypto meltdown, Silvergate Bank scrambled to cover a massive withdrawal spate and also embarked on a substantial staff layoff. According to the Wall Street Journal, the crypto-focused bank offloaded assets at a
Read More
Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t. Source
Read More
Place/Date: - December 20th, 2022 at 5:21 pm UTC · 4 min read Source: Like most crypto traders, you’ll already be fed up with the constant dipping prices in the coin market. The current bear market has lasted forever. The anticipation for a market reversal is at
Read More
Binance, the largest crypto exchange in the world by trading volume, has been the target of massive FUD (Fear, Uncertainty, and Doubt, for the uninitiated) over the last couple of days. After FTX collapsed, users in the space began to question if exchanges actually held enough in their reserves to
Read More
Place/Date: - December 14th, 2022 at 5:00 pm UTC · 4 min read Source: Tora Inu Photo: Tora InuTora Inu is the name of the most popular meme coin currently on the market. Industry analysts predict that Tora Inu will soon surpass
Read More
Place/Date: - December 14th, 2022 at 1:00 pm UTC · 4 min read Source: Tora Inu Photo: Tora InuBitcoinAccording to Jeff Booth, a proponent of Bitcoin and author of the book, The Price of Tomorrow, the demise of FTX and several other
Read More
Yes, the bear market weeds out the bad actor, but it also forces the existing players to rethink their business strategies to offset resultant losses. In this effort, crypto exchange Bybit announced mass layoffs for the second time in 2022.Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization
Read More
The downfall of FTX and a number of other CeFi platforms in 2022 has reinforced a Bitcoin maximalist narrative, according to which most of the crypto ecosystem will eventually collapse due to its centralization. Jeff Booth, Bitcoin proponent and author of "The Price of Tomorrow", believes centralized crypto platforms such as
Read More
Blockchain adoption in the Philippines is struggling because businesses are focused on survival, according to Dr. Donald Lim, lead convenor at Philippine Blockchain Week (PBW) in Manila.See related article: Chinese mafia forcing Filipinos to work for crypto scams, says Philippine SenatorFast facts“3% of all businesses [in the Philippines] are large
Read More
The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow.The cryptocurrency industry is still seeing the wave of FTX contagion playing out, and it
Read More