The Director of Global Macro at Fidelity, Jurrien Timmer, has said that Bitcoin could be cheaper than it appears. Analyzed on-chain data metrics show that the coin’s true value could be significantly ...
Tag: Turmoil
Coinbase Lays-off 8% of Staff in India Following Recent Market Turmoil
3 hours ago | 2 mins read Bitcoin News The company had intended to recruit over 1,000 people in India in 2022. Armstrong had blamed “informal pressure” from the central bank for suspending its UPI. Co...
Three Arrows Capital faces liquidations and market turmoil
The cryptocurrency market continues to suffer a bloodbath, with Bitcoin trading at $20K. The resulting sell-off in the market is squeezing liquidity from the market, and Three Arrows Capital is the la...
Analyzing how GMT, GST tokens have fared amid current market turmoil
As most move-to-earn blockchain-based projects reel under the impact of the tight market conditions, STEPN appears to have been hit the most. Apart from struggling to keep gamers interested, since the...
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...
Celsius turmoil is part of a broader macro picture, traders say
The turmoil surrounding crypto lender Celsius has generated headlines and controversy over the past day — but that even isn’t top of mind for the market’s biggest traders, executives at se...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Celsius pauses withdrawals amid market turmoil, triggering 74% drop in CEL
? Want to work with us? CryptoSlate is hiring for a handful of positions! Celsius Network announced it had implemented a pause on withdrawals, swaps, and transfers between accounts in a notice sent Mo...
Elon Musk Tells Tesla Employees That They Should Disregard The Twitter Turmoil
A significant increase from the estimated 25% of adults in the United States who use the platform. Musk’s acquisition has yet to be put to a shareholder vote, and the Tesla CEO has vowed to dest...
LUNA 2.0 In Turmoil After Do Kwon Goes Ghost On Twitter. Something Brewing?
Just two weeks after Terra’s ecosystem was brought to life, the price of Luna 2.0 experienced a new low as it declined by 77%. The asset class was trading at $4.33 at the time of writing, as per...
Fidelity Bitcoin investors rise by 730% despite market turmoil
Fidelity Investments recently submitted filings with the US Securities and Exchange Commission (SEC). The filings show that the Bitcoin Index Find has attracted $126.5 million so far. The Wise Origin ...
New Cardano addresses increased by 2,000 daily amidst market turmoil
Since experiencing a significant update in September 2021, the Cardano (ADA) blockchain ecosystem has continued to grow significantly. This progress can be described in terms of new and fresh features...
Two underrated ETFs which could steady your portfolio in times of market turmoil
The market sell-off doesn’t seem to be abating as U.S. stock index futures continue to go down. In early trading on Thursday, May 19, contracts linked to the Dow and S&P 500 are down 1%, while the...
Where is Bitcoin Heading Following Terra Luna Turmoil?
Following the collapse of Terra Luna some volatility was seen across the leading cryptocurrencies, Bitcoin and Ethereum. UST lost its peg to the US Dollar and despite efforts of the Lunda Guard Founda...
Coinbase Junk Bonds Are Plummeting Due To Market Turmoil And Creditors Concerns
Coinbase CEO Brian Armstrong, on the other hand, tried to assuage anxieties by saying on Twitter that we have no chance of bankruptcy, but we introduced a new risk element based on an SEC rule called ...
Japanese brokerage giant Nomura debuts Bitcoin OTC derivatives offering amidst market turmoil
According to a press release published Friday by Nomura, the Japanese firm has started providing bitcoin over-the-counter derivatives to clients, making it the latest major financial institution to e...
Celsius Network Executives Deny Substantial Losses Despite Market Turmoil – crypto.news
After reaching a peak of $3 trillion in market capitalization in November 2021, the crypto markets lost more than half of their value in a matter of weeks, leaving investors fearful and pessimistic ab...
Amid Terra crypto turmoil, ordinary investors start to pick up the pieces
Among people watching the red line point vertically down on the price of LUNA, the native asset of the Terra blockchain network, were those whose life savings were invested. LUNA and its related stab...
Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook
These market dynamics, though, have helped create some possible M&A opportunities because of the company’s size and funding, Levitt said. “We believe we’re well positioned for continued grow...
Bitcoin (BTC) Hodlers Capitulating As Stock Market Turmoil Grips BTC: On-Chain Analyst Willy Woo
On-chain analyst Willy Woo says turmoil in the global markets is leading crypto investors to disregard Bitcoin’s fundamentals and sell their BTC. Woo tells his one million Twitter followers that the s...
How Will Political And Economic Turmoil Impact Investment
A broker looks at his screens at Frankfurt’s stock exchange DDP/AFP via Getty Images The Global Investor Conference (GIC) aims to tackle these tough questions and more next week in Portugal. Thi...
Traders Moved Record-Breaking $5.6 Billion Worth of BTC on Exchanges Amid Market Turmoil
Arman Shirinyan Record-breaking $5.6 billion in Bitcoin flowed on centralized exchanges as traders were leaving the market in panic Cryptocurrency traders provided the largest inflows to cryptocurrenc...
LUNA Sinks As Binance Suspends Withdrawals Of Tokens Amid Market Turmoil
LUNA is bearing the brunt of a major turbulence taking shape in the broader crypto market. The de-pegging of the UST stablecoin from the U.S. dollar has caused chaos on Satoshi Street. Tuesday morning...
NFT market enters turmoil; cooling stage reached
NFT sales are down as BAYC and MAYC are somewhere near 41% and 30% sales figures The decrease in exchanging pattern of NFTs demonstrates that the market is entering a bear stage The by and large NFT m...
Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check...
Big travel company CEOs hope market turmoil won’t derail summer rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer....
Disney Corporate Affairs Officer Leaves Amid Turmoil
The Walt Disney Company (DIS) parted ways last week with its senior communications and government relations officer following a tenure of just four months. Geoff Morrell was named the company’s ...
Jim Cramer says to buy selectively to beat the current market turmoil
CNBC’s Jim Cramer on Thursday said that investors looking to successfully navigate a market roiled by inflation, geopolitical concerns and Covid should do two things: buy discriminately and be i...
Worldcoin insiders describe a project in turmoil
According to BuzzFeed, all is not well at Worldcoin. Signees have complained about broken promises, while orb operators say they are being treated poorly and even describe flaws in the scanning system...
Pakistan Default Risk Soars, Currency Sinks on Political Turmoil
(Bloomberg) — Pakistan’s political upheaval is adding to a surge in the nation’s default risk and triggering off further losses in the nation’s bonds and currency. Most Read from Bloomberg A no-...
Lessons from the 1970s for Today’s Markets Turmoil
Text size President Gerald Ford, Secretary of State Henry Kissinger and Vice President Nelson Rockefeller at the White House in Washington, D.C. in 1975. National Archives/AFP via Getty Images About t...
3 moves retirement savers can make now to profit from the stock market turmoil
Every crisis is an opportunity. The massive turmoil on financial markets so far this year is no exception. Here are three things that every middle-class American can do with their 401(k), IRA or other...