Over the last few years, the term “DApps,” or decentralized applications, has gained popularity in the cryptocurrency community. In layman’s terms, a “dApp” is a blockchain-based program that operates...
Tag: Turmoil
Indian Crypto Turmoil Continues- Did Binance never Acquire WazirX? Know The Truth
Binance after the ED raids states that it never acquired WazirX as the deal was never completed The tug-of-war for possession raised many questions as the CEO of Binance earlier proudly quoted WazirX ...
Thailand To Launch Pilot Phase For CBDC Amid Crypto Turmoil
The Central Bank of Thailand (BOT) on Friday announced that it is planning to test central bank digital currency (CBDC) by the end of 2022 or by mid of 2023. BOT selects 10k users to test CBDC BOT not...
Virginia pension funds invest in crypto yield farming despite recent turmoil
Virginia’s Fairfax County Retirement Systems is set to invest its $6.8 billion pension fund in cryptocurrency yield farming to boost returns, the Financial Times reported on Aug 4. The retirement syst...
Congress Needs To Reverse Course To Improve The Economy
Businessman struggling to move data arrow upwards getty Recession talk has dominated the news lately with an endless supply of pundits debating whether the United Sates is in a recession. It’s good to...
Blockchain Games Least Affected by Market Turmoil: DappRadar Report
The bear market weeds out unnecessary frills and enables legitimate projects to stand out but also cripples portfolios of investors, both big and small. The ongoing market conditions are no different....
Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce says the crypto sector is “too small” as it is to impact the broader financial system. In an interview with Bloomberg Surveillanc...
Celsius Still in Turmoil, But a Possible Cloud of Silver Lining Lurks – crypto.news
The ongoing crypto winter has claimed its fair share of high-profile scalps, foremost among them being digital asset lender Celsius Network. Beginning on June 12, the Celsius saga has been dramatic an...
BlockFi Discloses $600M “Credit Risk” Amid Turmoil
Cryptocurrency lending startup BlockFi has provided further insights regarding its financial position. According to a quarterly update published on Thursday, the platform faced a $600 million credit r...
Economic Turmoil Exposes Retail Industry’s Knee-Jerk Tactics
Economic Turmoil Exposes Retail Industry’s Knee-Jerk Tactics getty The fallout from two years of economic volatility, and now a developing recession, is forcing leading retailers to come to terms with...
Crypto Regulations In Singapore Are In A Turmoil
Singapore as of late passed a regulation that will fix rules for cryptographic money specialist organizations in the city-state The Financial Services and Markets Bill requires advanced resource suppl...
Italian Prime Minister Mario Draghi Moves To Resign, Leaving Government In Turmoil
Topline Italian Prime Minister Mario Draghi said Thursday he would resign following a fracture in his unity coalition, throwing the country into political chaos. FRANKFURT AM MAIN, GERMANY – NOV...
Coin Bureau Host Warns Crypto Markets Could Crash Further During ‘Unprecedented’ Economic Turmoil
A widely followed crypto guru is analyzing the potential repercussions of the recent US inflation data for June. In a new video, pseudonymous Coin Bureau host Guy tells his 71,400 subscribers that las...
GameStop launches NFT marketplace amid turmoil
American video game retailer GameStop launched its NFT marketplace project on July 11. The company has been experiencing turmoil recently as it laid off staff, including the company CFO, but its stock...
Sri Lanka’s central banks says crypto remains illegal amid economic turmoil
Amid the ongoing financial turmoil in Sri Lanka that has seen the nation run out of cash, cryptocurrencies have been fronted as a possible solution to rescue the country. However, the Central Bank of ...
Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX
Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season. Despite the curr...
Massive Decline Now in Sight for British Pound amid Economic Turmoil
While inflation worries remain persistent in the UK, recent data on business activity turned out to be better than preliminary estimates. That the British Pound (GBP) is immune to massive falls is a o...
eToro SPAC merger acquisition deal halted amid market turmoil
Fintech Acquisition Corp, a special purpose acquisition company (SPAC), has announced the termination of a planned acquisition of eToro, a cryptocurrency exchange platform based in Israel. The acquisi...
After Market Turmoil, USDC Issuer Circle Comes Clean Hinting No Liquidity Risks
The cryptocurrency market has been going through a very rough period with several crypto firms reporting insolvencies and bankruptcy. A few hours ago, Voyager Digital announced its bankruptcy, becomin...
Celsius token records double-digit gains despite lending platform turmoil
Cryptocurrency lending platform Celsius’ ongoing controversies regarding the sustainability of the business appear to have little impact on the network’s native token Celsius (CEL) which has soared de...
Court Reportedly Orders Liquidation Of Crypto Hedge Fund Three Arrows Capital, Threatening More Market Turmoil
Topline Singapore-based crypto hedge fund Three Arrows Capital has become insolvent and a British Virgin Islands court has ordered its assets to be liquidated, Sky News reported on Wednesday, a develo...
Nexo hires Citibank to advise on acquisitions during market turmoil
Crypto lending platform Nexo says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firm...
US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach
“There are some vulnerabilities and risks in that space that do warrant a cautious and careful approach,” Hsu told reporters on a call about his agency’s Semiannual Risk Perspective released Thursday,...
Voyager 60% shares collapse, followed by Three Arrows Capital turmoil
Voyager crypto experienced a drastic loss of its more than 60% share. This Wednesday has announced this hot news that had blown away investors’ minds. Voyager was already struggling with its Three Arr...
Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil
Shiba Inu is currently the second-largest crypto asset held among the top 100 Ethereum whales behind USDC, according to statistics from WhaleStats, although Ethereum (ETH) maintains the top rank. The ...
Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil
As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even though some analysts suggest that the bottom might be in. On June 19, BitOasis, a cryptocurrency ex...
OKX Continues Hiring But BitOasis to Cut Jobs; Crypto Industry’s Disjointed Reactions to Market Turmoil
After crypto trading exchange OKX announced that it will ‘continue to hire top talent,’ UAE-based cryptocurrency exchange BitOasis has stated that it has laid off nine staffers owing to the market dow...
Despite the Turmoil, Ripple Soars 20% Against BTC in a Week
Buyers are still determined to defend the level of $ 0.3. The price has tested this support once in the current week. Technical Analysis By Grizzly The Daily Chart The price is currently at the Fibona...
Why Experts Pick These Stocks During Economic Turmoil
Topline With stocks falling into a bear market this year amid fears that aggressive rate hikes from the Federal Reserve will plunge the economy into a looming recession, top firms on Wall Street are a...
El Salvador Faces Turmoil as Bitcoin Value Plunges
El Salvador’s bet on bitcoin is looking more and more risky as the cryptocurrency’s value plunges. Last year, the Central American country became the first in the world to make bitcoin le...
Warner Bros. Discovery Stock Falls to New Low Amid Market Turmoil, Analyst Downgrade
Warner Bros. Discovery’s brutal year in the stock market hit a new bottom, as shares of the media conglomerate sank 8.1% Thursday — taking a bigger punch than peers. With the stock drop Thursday, to c...