Tag Archives: Cryptocurrency exchanges

Ether (ETH) price outpaces bitcoin (BTC) as ethereum merge nears

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images Since finding a bottom in mid-June, ether has massively outperformed bitcoin as investors …

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FTX discussing stake to buy cryptocurrency exchange Bithumb

Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX. Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried’s (above) aggressive acquisition approach amid a major downturn in the cryptocurrency market. …

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Here’s what the market wants to see

Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images An improvement in macroeconomic factors, a particular trading pattern and a further shakeout of companies and projects could be the key ingredients required for bitcoin and the broader crypto market to bottom, industry players told CNBC. Bitcoin has plummeted …

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Crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme’, lawsuit claims

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web …

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Crypto lender Vauld halts withdrawals as market crash takes its toll

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Crypto …

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Bitcoin (BTC) posts worst quarter in more than a decade: 5 reasons why

1. Macroeconomic pressure During the quarter, the U.S. Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation. That has sparked fears of a recession in the U.S. and other countries. It has also hit stocks, in particular high-growth technology names. The tech-heavy Nasdaq Composite is down …

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EU agrees to deal on landmark MiCA cryptocurrency regulation

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. …

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Bitcoin falls below $19,000 again as pressure mounts on crypto firms

Bitcoin price remained under pressure in June as a number of factors including rising rates and a liquidity crisis in the crypto industry weighed on the world’s biggest cryptocurrency. Westend61 | Westend61 | Getty Images Bitcoin on Thursday fell below $19,000 as the world’s largest digital currency remains under pressure …

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Bitcoin (BTC) on track for its worst quarter in more than a decade

Bitcoin is on track to post its worst quarterly loss in more than a decade. The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was …

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Unlikely to resume withdrawals Thursday

Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” Lamb told CNBC. However, CoinFlex is in talks with …

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