More bitcoin has remained dormant in the last ten years, leaving much less available on exchanges. How much bitcoin do exchanges currently have? According to the latest data by Glassnode, an on-chain ...
Tag: Crunch
Bitcoin Price In A Tight Spot: Can It Survive The Upcoming Global Inflation Crunch?
During the Covid-19 global pandemic, Bitcoin skyrocketed to its ATH of around $69k. Global markets were closed to minimize the spread of the contagious pandemic. In a bid to bolster struggling economi...
Top Analyst Reveals ‘Easy’ Bitcoin Price Target for Current Run, Says Supply Crunch Underway
A widely followed crypto analyst is revealing his ‘easy’ price target for Bitcoin’s (BTC) current bull run. In a new live stream discussion with CTO Larsson, the pseudonymous host of InvestAnswers kno...
Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1....
Amazon (AMZN) layoffs may pinch holders—industry preparing for looming crunch
Amazon plans to cut costs by laying off workers worldwide. Proposal to shut off UK warehouses in 2023. Many speculate Bezos’s return as CEO. Amid the layoff season, many companies are making massive j...
MINA’s succinct platform in crisp crunch– price may correct from here
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‘There are no dollars’: foreign currency crunch hits Egypt’s economy
With foreign currency in short supply in Egypt, Rafik Clovis spent December anxiously waiting to find out whether his bank would be able to provide the $67,000 he needed to fund the import of a consig...
SushiSwap CEO proposes new tokenomics to survive liquidity crunch
SushiSwap’s CEO, Jared Grey, introduced a proposal on Dec. 30 to alter the tokenomics of the SUSHI token in an attempt to revive the protocol amid a liquidity crunch. On Dec. 6, Grey set off a furor i...
Sushiswap introduces new tokenomics to tackle liquidity crunch
The Sushiswap team aims at introducing a new tokenomics designed to tackle the decentralized exchange’s (DEX) liquidity issues brought about by poor market conditions. Sushiswap redesigns SUSHI token ...
Cash Crunch Mining Firm Core Scientific Manages $72M Funding
2 hours ago | 2 mins read Bitcoin News Core Scientific sold 9,618 BTC in April at a loss of $362 million. It was revealed that the company will run out of money before 2023. B. Riley, a provider of fi...
How a $144 Million Property Default Started Korea’s Credit Crunch
(Bloomberg) — Global central bankers are in a race against the clock to to tame runaway inflation. But push too far, too fast, and markets key to the smooth functioning of the financial system a...
SushiSwap drops like a rock as DEX liquidity crunch threatens its operation
A significant liquidity loss threatens to render the SushiSwap (SUSHI) decentralized exchange (DEX) inoperable, according to a recent governance proposal. SushiSwap CEO Jared Grey wrote in a recent go...
The Diesel Crunch Is Finally Causing Demand Destruction
High prices seem to have started to weigh on diesel demand in the United States, where distillate inventories – comprising diesel and heating oil – have been slowly rising over the past few weeks. Ame...
Ethereum’s hard fork to rally- ETC rallies by 5% amid crunch
The price surges by almost 5%, amounting to $20.35. The trading volume rose by 32.8%, equating to $370.4 million. The ETC coin is the hard fork of ETH. The coin experiences a price rally amidst ...
U.S.-listed Eqonex latest crypto firm to seek court protection after cash crunch
Nasdaq-listed Eqonex Group has filed for judicial management with the Singapore high court after failing to plug a short-term funding gap, the firm said in a statement to shareholders. The cour...
Liquidity Crunch: Tron-based Tokens Surge as FTX Users Try Withdrawal Alternatives
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch. The surge started after FTX announced ...
Canada’s Teacher’s Pension Fund Faces Investment Issue in FTX’s Liquidity Crunch
Canada’s Ontario Teachers Pension Plan (OTPP) is in jeopardy due to its large investment in the cryptocurrency exchange FTX, which is currently facing a significant liquidity crunch. A recent report f...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’ – Exchanges Bitcoin News
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stress...
Sequoia Capital Drops Its FTX Holdings to $0, Following “Liquidity Crunch”
3 hours ago | 2 mins read Exchange News VC firm, Sequoia said that the platform was writing down the full value of its investments in FTX. Sequoia Capital invested around $214 million in the FTX platf...
CBOE Digital reassures customers amidst FTX liquidity crunch – crypto.news
CBOE Digital, a US-regulated crypto exchange and clearinghouse, issued a letter on Wednesday, November 9, 2022, to its customers to reassure them about asset safeguards amid the FTX liquidity crisis a...
Binance CEO shares ‘two big lessons’ after FTX’s liquidity crunch
Binance CEO Changpeng “CZ” Zhao has shared his take on “two big lessons” to be learned from the FTX saga, saying cryptocurrency firms shouldn’t use their own tokens as collateral and should also keep ...
Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’
Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance h...
Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’
Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as ‘SBF,’ took to social media s...
Binance CEO CZ Announces FTX Acquisition To Save Liquidity Crunch
In a recent development, Binance CEO, Changpeng Zhao or popularly referred to as CZ announced on Twitter that they have signed a non-binding Letter of Intent (LOI), intending to fully acquire the FTX ...
Breaking! Binance To Finally Acquire FTX To Resolve Liquidity Crunch
A lengthy public war of words between two cryptocurrency exchange giants may come to an end as Binance is now all set to acquire its rival FTX. The cryptocurrency sector has witnessed a profound impac...
FTX Capitulates and Agrees to Sell to Binance Following the Liquidity Crunch that Rocked the Exchange ⋆ ZyCrypto
Advertisement     Binance has agreed to purchase FTX after days of uncertainty over the financial status of the company. The deal is a non-binding one that allows Bina...
Binance will acquire FTX to help with ‘liquidity crunch’
Listen to this article. Binance and FTX have just announced that, pending due diligence, Binance will be acquiring FTX in order to help with a “liquidity crunch”. Neither FTX nor Binance have provided...
Binance Announces Intention to Acquire FTX Following a “Liquidity Crunch” – Trustnodes
Binance’s CEO and FTX’s CEO have both stated their companies have signed a Letter of Intent (LoI) agreement for Binance to acquire FTX. “This afternoon, FTX asked for our help,” Changpeng Zhao of Bina...
SBF says ‘FTX is fine. Assets are fine’ with over $1B in excess cash amid rumors of liquidity crunch
FTX CEO Sam ‘SBF’ Bankman-Fried has taken to Twitter to call out a “competitor” for “trying to go after us” and reassured the industry that despite the attempt, “FTX is fine. Assets are fine.” 2) FTX ...
U.S. defense industry faces surging demand and a supply chain crunch
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military...
Crypto Firm Celsius Dealing Cash Crunch Filed for Retention Plan
The embattled crypto lending firm Celsius Network might see another blow, this time due to the bankruptcy law. It could take place given the recent request from the Celsius crypto lending platform wit...
Lam Research to trim 7% of workforce, increase R&D spending as memory-chip crunch hits outlook
Lam Research Corp. shares declined in the extended session Wednesday after the silicon-foundry equipment supplier said it will cut its workforce by 7%, while increasing the portion it spends on R&...