Nansen, the blockchain analytics firm, has recently released a new report which provides an understanding of how the significant crypto trading entities like Three Arrows Capital and Celsius Network b...
Tag: Downturn
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008 Two years in, this decade has already brought a global pand...
Peter Schiff called the 2008 financial crash and now says the next downturn will be worse. Here’s what he likes for safety
‘This recession will be the most severe yet’: Peter Schiff called the 2008 financial crash and now says the next downturn will be worse. Here’s what he likes for safety By now, quite a few celeb...
Market Downturn Hasn’t Chilled Optimism About Crypto Jobs
Against the backdrop of the price of bitcoin dropping from $30,249 on June 9 to $20,722 by Monday afternoon, the responses about how workers were paid may indicate that crypto workers can tolerate pri...
Binance receives numerous deal proposals amid market downturn, CEO Zhao says
CORRECTION (7:00 p.m. EST): This report originally misquoted Binance CEO Changpeng Zhao as to the number of pitches Binance has received. The Block regrets the error. Binance is examining dozens of pr...
One More Crypto Exchange Announces Layoffs Amid Downturn
After Bybit’s plans earlier this week to layoff employees, another cryptocurrency exchange now joined the long list of companies which cut staff. Already, major exchanges like Coinbase made the axe re...
Few Hedge Funds Prove to Be Profiting From Market Downturn
There is a small group of hedge funds benefiting from the recent turmoil in the cryptocurrency markets. Although many investors have suffered huge losses at the sudden descent of digital assets like B...
BlockFi Raises Interest Rates on Crypto Deposits Despite Market Downturn
Leading cryptocurrency lending platform BlockFi has disclosed plans to increase rates on selected crypto assets, including BTC, ETH, and USDC, in its Interest Account (BIA) starting July 1. “On Frida...
Crypto downturn sees electricity consumption on Ethereum plunge by 50%
? Want to work with us? CryptoSlate is hiring for a handful of positions! Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced min...
Experts say the crypto downturn shouldn’t affect the U.S economy
? Want to work with us? CryptoSlate is hiring for a handful of positions! The crypto market has experienced a massive sell-off, plunging its total market valuation and wiping billions of dollars. This...
Dow Drops 200 Points As Wall Street Banks Warn Of ‘Significant Downturn’ And Raise Recession Odds
Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Fede...
Bitfarms Sells 3,000 BTC to Help With Liquidity Amid Market Downturn
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million amid a recent market rout squeezing miners’ profitability. The CFO of Bi...
Retail Traders Bet Against Stocks, Signaling Deeper Downturn
(Bloomberg) — As the first half of 2022 shapes up to be one of the worst on record for financial markets, retail investors have been boosting their bets on a further downturn in US equities. Mos...
Crypto companies pull out of sponsorship deals amid market downturn
? Want to work with us? CryptoSlate is hiring for a handful of positions! New York Post reveals that cryptocurrency companies are cutting costs by pulling out of sponsorship and marketing deals as the...
Here’s why this housing downturn is nothing like the last one
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well. All of this h...
Bitcoin investors see record realized loss of $7B amid downturn
? Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin hodlers lost over $7 billion to the market crash between June 16 to June 18 as investors scrambled to sell coins they ...
US banks’ ability to ride out downturn in spotlight as recession fears grow
The ability of the largest US banks to withstand a severe economic downturn will be in focus this week as the Federal Reserve publishes the results of the industry’s annual stress tests, amid growing ...
Fidelity CEO Abigail Johnson Reiterates Belief In Crypto Despite Market Downturn ⋆ ZyCrypto
Advertisement     This year has been considerably rough for the crypto markets compared to last year’s bull run. However, institutional adoption of the nascent market ...
Digital Collectible Downturn — NFT Sales Slid More Than 74% Lower Than the Month Prior – Markets and Prices Bitcoin News
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% l...
El Salvador President Shares Advice to Bitcoin Investors Amid Downturn
34 mins ago | 2 mins read Bitcoin News Salvador’s finance minister, said the “fiscal risk is extremely minimal.” Jim Cramer, the presenter of Mad Money, thinks Bitcoin will fall below $12,000. There ...
Fed Is Driving Current Downturn, Crypto Billionaire Says
Cryptocurrencies are witnessing a dramatic market crash and the Federal Reserve is responsible for this downturn, said Sam Bankman-Fried, the CEO of the FTX platform. “The core driver of this ...
Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’ – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn. “Long term, you just have to stomach it. You have to understand...
Sam Bankman-Fried blames Feds for the crypto downturn
Sam Bankman-Fried, CEO of FTX, alleges that the Feds are driving the crypto downturn. The last few weeks have seen cryptos collapsing. The wealthy merchant told the media that the Fed is raising inter...
Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing thewoes ...
Binance CEO: The Current Crypto Downturn Is The Perfect Opportunity To Accumulate
– Advertisement – CZ says cryptos have a 4-year cycle, half of which is bearish and the other bullish. Since the beginning of 2022, the crypto market has experienced a downturn and entered...
Global Fan Tokens Surpass $80B in Sales Despite Crypto Downturn
Fan Tokens continues to reach new highs after seeing their all-time sales volume reach new milestones despite the steep decline of cryptocurrencies. Fan Tokens are the only area in the crypto space a...
Rock Legend Gene Simmons Owns 14 Cryptocurrencies — ‘I Have Not Sold a Single Position Since the Downturn’ – Featured Bitcoin News
Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not sold any since the crypto market downturn. Gene Simmons Says ‘I am a Hodler’ Gene Simmons has reaffir...
Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war
Sergey Vasylchuk, CEO of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the coun...
Web3 Remains ‘Mega-Mega Bullish’ Despite Crypto Downturn
Bitcoin and the cryptocurrency market’s downturn have left industry experts anticipating an extended winter. But Polygon co-founder Sandeep Nailwal believes the big picture for Web 3 remains bullish. ...
CAR’s president remains unfazed by the crypto market downturn
? Want to work with us? CryptoSlate is hiring for a handful of positions! Central African Republic (CAR) president Faustin-Archange Touadéra has, in a tweet, suggested that he remains unfazed by the c...
Crypto firms have laid off more than 1,500 people in the last two months as downturn fears persist
Companies in the crypto space have laid off more than 1,500 people in the past two months. The number is based on publicly announced layoffs dating back to earlier this spring when the digital asset m...