A widely followed crypto analyst is laying out the support levels both Bitcoin (BTC) and Ethereum (ETH) need to hold to recover from the market’s most recent downswing. The pseudonymous trader known a...
Tag: Downturn
Swyftx axes employees amid market downturn 1
Swyftx crypto exchange has announced that it has decided to axe 21% of its employees amid the biting market crash. This phenomenon has continued to overtake the market as most companies look for ways ...
Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says
East West’s Chairman and CEO Dominic Ng. East West Bank East West Bank, today one of the largest American banks to service the U.S.-China business community, started out its life banking to Chin...
Illicit activity outpaces legitimate uses despite crypto downturn
Illicit transaction volumes are down just 15% Legitimate transaction volumes are however, down by 36% Total crypto market cap fell roughly 44% Crime in digital currency was stronger than genuine...
Blackstone is prepping a record $50 billion vehicle to scoop up cheap homes during the downturn — here’s how to lock in higher yields than the big money
Residential real estate is arguably the most valuable and accessible segment of real estate asset class. Its popularity has driven a disproportionate amount of capital into residential real estate — p...
Public Pension Funds Continue To Show Interest in Cryptocurrency Investments Despite Downturn: Report
Public pension funds in the United States are still showing interest in digital assets despite the crypto market downturn, according to a Wall Street Journal report. The report says that investment fi...
Crypto’s Downturn Makes Space for Education and Regulation
“You have to go through market cycles, especially when you have a new phenomenon,” said Jahon Jamali, chief marketing officer and co-founder of Sarson Funds, a crypto asset manager and education servi...
German fintech Nuri files for insolvency amid market downturn
German fintech firm Nuri, formerly known as Bitwala, filed for insolvency at a Berlin court on Tuesday. The company filed for insolvency to “stay ahead of a lasting strain on the liquidity of [the] ...
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trad...
Survey: market downturn doesn’t affect customer confidence in CoinLoan
August 9, 2022, Tallinn: As a result of CoinLoan’s survey of its entire customer base, the company has found that, despite recent market challenges, its customers continue to be satisfied with CoinLoa...
Galaxy Digital’s Q2 Net Loss More Than Triples to $554.7M Amid Market Downturn
The larger loss was mainly the result of the crypto market downturn and investments in Galaxy’s trading business, the firm said on Monday. The firm reported a loss of $182.9 million for the seco...
Crypto Downturn Hits Luxury Watches Market Sales
Over the past few weeks, the cryptocurrency market has quietly slipped into distress as the world grapples with interest rate hikes and inflation. Housing affordability and cost of living concerns hav...
After BlackrockDeal, Revolut Invests Big In Crypto Amid Market Downturn
On a day when Coinbase announced its partnership with Blackrock, there is another massive news in the crypto ecosystem. Currently, several companies in the crypto industry are facing headwinds in the ...
Kevin O’Leary Says He’s Doubled Down on Crypto Amid Downturn, Naming Bitcoin, Ethereum and Three Altcoins
Shark Tank star Kevin O’Leary is revealing that he took advantage of the market downturn to add to his crypto holdings. In a new interview with Stansberry Research, O’Leary says that his crypto portfo...
Who Takes the Most Advantages of Crypto Market Downturn?
Crypto market recently experienced a massive crash that led many investors to lose while some still remained in profits. Cryptocurrency market experienced a heavy downturn lately following sever...
Web3 Development Remains Strong Despite Crypto Downturn: Report
Titled “Blockchain Open-Source Developers Signal Strength of Web3 Community,” the report examined developer activity on the Ethereum, Bitcoin and Solana blockchains. The data analysts looked at 1,000 ...
Investor interest in gaming, NFTs continued despite market downturn
Declines in monthly NFT marketplace volume continued last month as the industry entered Q3 mired in the bear market. But while retail may be down, there are signs from reports on Q2 investments that b...
Minnesota Embraces Cryptocurrency Despite Price Downturn
Aug 01, 2022 at 10:35 // News The US states are actively embracing digital currencies. Minnesota is one of the latest states to jump on the cryptocurrency bandwagon. According to the University ...
Peter Schiff called the 2008 crash and now says the current downturn will only get worse. Here’s what he likes for safety
‘Recession will deepen in Q3′: Peter Schiff called the 2008 crash and now says the current downturn will only get worse. Here’s what he likes for safety By now, quite a few celebrities – i...
Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says – Bitcoin News
The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by ...
Argentinean soccer club welcomes first crypto signing amid economic downturn
Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuli...
Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM
Despite El Salvador experiencing heavy losses in its Bitcoin bet, finance minister Alejandro Zelaya has defended the country’s strategy to adopt Bitcoin as legal tender. Zelaya made such revelations i...
New Home Sales Crater Again As Experts Worry Downturn Could Spark Recession
Topline New home sales unexpectedly plunged much more than economists projected in June, according to data released Tuesday, adding to signs that the housing market is abruptly unraveling pandemic-era...
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn – Regulation Bitcoin News
The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practice...
DeFi’s downturn deepens, but protocols with revenue could thrive
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights — a newsletter crafted to bring you some of the major developments over the last week. This past week, the D...
Scaramucci’s SkyBridge Faces Massive Investor Exodus From Flagship Fund Amid Market Downturn
Anthony Scaramucci’s investment firm, SkyBridge Capital, is currently facing an exodus of investors amid the current market downturn. According to a recent report by The New York Times, investors who ...
Will the Crypto Market Make a Comeback? A Look Into the Recent Downturn and What the Future Holds
The past few months have been quite brutal for the crypto market, both retail and institutional investors have lost a lot of money with the ecosystem wiping out close to 70% of the gains made during t...
Halborn raises $90 million despite cryptocurrency downturn
Blockchain security company Halborn has successfully raised $90 million during the crypto meltdown. The transaction stands out as an anomaly in the current market. Lately, the market has seen a decrea...
XRP Must Breach This Key Level To Avert The Downturn
Despite the recent sluggishness of XRP, the token is performing significantly better compared to other coins. The bulls successfully defended the $0.3 support and tried to reverse the trend by breachi...
Crypto market downturn could lead to new M&A opportunities, according to Galaxy’s top deal maker
The market downturn might actually be a good thing for deal-making in crypto, according to Galaxy Digital’s top advisory executive. “Overall, there is a lot more receptivity to the idea o...