The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market. Meanwhile, Nexo has denied rumors of exposure to Three Arrows ...
Tag: Fears
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...
Tether Calms Fears Over Reserve Backing, Exposure to 3AC, Celsius
Key Takeaways Tether has denied the rumors that 85% of its commercial paper portfolio is backed by bad Chinese real estate debt. The firm stated that U.S. Treasuries made up 47% of its reserves and th...
Prominent crypto hedge fund’s tweet stokes fears over insolvency amid market turmoil
Since the beginning of May, the cryptocurrency markets had already been rocked by two high-profile crashes, which agitated an asset class that was already under pressure as a result of tighter monetar...
US crypto stocks close in the red as bear market fears grip equities
US stock indices ended Monday’s trading session in the red following a turbulent day of trading. The macroeconomic environment continues to set the tone for markets — US inflation hit a 41-year ...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
Stablecoin Woes Return To Haunt Crypto As USDD Stumbles, Founder Moves To Assuage Fears
Could another algorithmic stablecoin be running into choppy waters? And was the Terra debacle just the tip of the iceberg? That is the question on the mind of market watchers as Tron’s newly launched ...
Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron’s algorithmic stablecoin, USDD, has raised fears and speculations in the crypto market after its price dipped to $0.97 an...
Dow Plunges Over 700 Points, S&P 500 Enters Bear Market Territory As Inflation Fears Roil Markets
Topline The stock market tanked Monday morning, with the S&P 500 falling back into bear market territory as investors nervously look ahead to the Federal Reserve’s upcoming policy meeting, with la...
Armageddon in crypto market as inflation fears worsen
The unexpected increase in the inflation figure has caused crypto the crypto market to go into free fall. Since the CPI data for May was released, bitcoin has lost the strong support at $29,000 and ha...
Peter Schiff Warns ‘Don’t Buy The Dip’ As Bitcoin Crashes On Recession Fears
Economist Peter Schiff – the favorite opponent of bitcoin evangelists on social media – has again sounded his trumpet of doom for cryptocurrency, particularly Bitcoin and Ether. According to the gold ...
Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.
Sometimes, it’s hard getting workers of a certain generation to do much of anything at all. Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a b...
Dow Plunges 750 Points After ‘Very Troubling’ Inflation Report Fuels Fears Of Impending Recession
Topline Federal Reserve Board Chairman Jerome Powell testifies before a Senate committee in January. ASSOCIATED PRESS Key Facts Though at one point positive in pre-market trading, the Dow Jones Indust...
Fintechs delay IPO plans, focus on profitability amid recession fears
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financi...
Shipping Stocks Dive As Stagflation Fears Hit Market; Zim Triggers This Sell Rule
Shipping stocks were under pressure Wednesday as global stagflation worries appeared to hit the industry. X On Wednesday, the Organization for Economic Cooperation and Development cut its global growt...
The Economy May Be Slowing, But Recession Fears Are ‘Overblown’ These Experts Argue
Topline Despite the stock market taking a hit in recent months from growing recession fears, some experts still remain cautiously optimistic about the economy’s prospects, predicting that a downturn c...
Alibaba, US-Listed China Stocks Soar as Crackdown Fears Ease
(Bloomberg) — US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. Most Read...
SEC legal action over BNB token prompts fears over which altcoin is next
? Want to work with us? CryptoSlate is hiring for a handful of positions! The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017,...
Stocks Rise as China Reopening Offsets Rate Fears: Markets Wrap
(Bloomberg) — Stocks in Europe gained along with US equity futures Monday as Beijing further eased Covid restrictions, helping soothe a fragile mood amid inflation and rate-hike concerns. Treasu...
USDD Breaks Highest Collaterization Record Amid Stablecoin Fears
Amidst all the turbulence surrounding stablecoins over the last one month, Tron’s USDD continues to make significant strides. Ever since it was launched exactly a month ago, the stablecoin reached som...
Stocks Fall Despite Strong Jobs Report As Rates Surge On Recession Fears
Topline The stock market moved lower on Friday and government bond yields surged after the U.S. economy added a more-than-expected 390,000 jobs in May, with the strong labor market signaling to invest...
How will Tesla’s stock react after the EV giant opts to cut jobs amid fears over economy?
Tesla’s (NASDAQ: TSLA) CEO Elon Musk said he has a “super bad” feeling about the economy; therefore, staff needed to be cut by 10%. An internal email that was seen by Reuters has shed light on this. ...
We ‘have reached peak bearishness’ on recession and Fed fears, Citi says
After a couple of days of strength in stocks, one Wall Street investment bank thinks the worst is behind investors — for now. “Over the near term, our high level takeaway is that the equity mark...
Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange
Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns abou...
Tesla Resumes Plunge as Fears of Slow Production Weigh
(Bloomberg) — Tesla Inc. shares struggled Tuesday as the electric-vehicle maker’s production woes in China refuse to go away, leading another analyst to slash his 12-month price target on the on...
‘The dip is your friend’: Why some advisers are telling young investors to buy stocks, despite stagflation fears roiling markets
How low can stocks go? This question has made investors nervous, as they fear one bottom after another. The answer: Pick a number. Some analysts say brace for further drops, others expect a bounce. Wa...
Li Auto stock rises 8% in a week after solid results fending off fears of a Covid resurgence
On May 10, Li Auto (NASDAQ: LI), the Chinese electric vehicle (EV) manufacturer, posted better than expected earnings results. Despite beating estimates, the shares did not perform well as anticipated...
Tether Calms USDT Depeg Fears With New Reserves Report
Key Takeaways Tether has published its Consolidated Reserves Report along with attestation from the independent auditing firm MHA Cayman. The report shows Tether’s consolidated assets exceeding ...
Implosion Of Tether Is Closer Than Ever! Fears Over USDT Downfall Loom
Tether’s USDT market valuation has decreased by nearly $9 billion after Terra’s UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra’s UST stablecoin, with U...
Tether (USDT) redemptions fuel fears about stablecoin’s backing
Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dolla...
Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.
Text size Dreamstime Micron Technology stock was slumping Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgrad...