Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 bloc...
Tag: Winter
Here’s How This Crypto Winter Will Influence Crypto Community: Dogecoin Co-Founder
Yuri Molchan One of DOGE founders believes that current bear market may improve community’s view of crypto space Contents “People begin to understand crypto” “Getting a more ra...
Gamers Rejoice as Crypto Winter Tanks GPU Prices
Key Takeaways High-end graphics processing units (GPUs) have tanked in value on the secondary market over the past six months. The falling price of Ethereum and its upcoming switch away from Proof-of...
Crypto Winter Freezes Terry’s “NFT Scheme,” Its Floor Prices Shrinks 92%
The ongoing crypto bear market shows no signs of slowing down, with its impact now spreading across many NFTs. The Ape Kids Football Club NFT collection are among the impacted NFTs, plunging more than...
Coinbase seeking aggressive European expansion amid crypto winter
Coinbase is expanding its operations into various countries in Europe amid a “crypto winter.” Despite laying off numerous employees and rescinding job offers, Coinbase’s vice preside...
What should be your NFT Strategy for this crypto winter
For the first time since 2020, Bitcoin dipped below $20,000 on June 18. The most popular NFT coins, Ethereum and Solana, have experienced declines of around 71% and 79%, respectively, during the past ...
Crypto winter may not last too much longer says JP Morgan
Strategists at JP Morgan are saying that the current deleveraging cycle for crypto may not be protracted, given that the likes of Sam Bankman-Fried are stepping in to support troubled companies. Also,...
Crypto Winter ‘Weeded out’ Unnecessary Market Participants
The American rapper Calvin Cordozar Broadus Jr. (better known as Snoop Dogg) believes the ongoing crypto bear market eliminated those individuals who were “abusing the opportunities” in the space. He ...
Goldman Sachs Expresses Opinions On Two Prominent Crypto Exchanges Amidst Crypto Winter
The Crypto market has witnessed a lot of bearish trends lately, with an impact on a lot of crypto-related entities. And amidst the current constant decline in the crypto asset prices and low activity....
This Crypto Winter Suite Could Help You Through Bear Market
Swiss-based crypto products firm 21Shares on Wednesday said it has launched its Crypto Winter Suite to help investors survive bear markets in the volatile crypto market. The first product in the Crypt...
TRON Breaks 100M Users Record On Its 4th Anniversary, Hiring Amid Crypto Winter
TRON user accounts have reached 100,048,526, officially breaking the 100 million ceiling, according to data from the blockchain browser TRONSCAN, as of June 25. On the same day, TRON Mainnet celebrate...
Crypto winter freezes into North Korea`s $2b stolen digital assets
Since the beginning of this year, the cryptocurrency market has been in a tailspin. The current crypto winter may be long and severe. On the other hand, some investors remain hopeful that the tides wi...
Ex-Coinbase Board Member Analyzes Crypto Winter
A former Coinbase board member has given his prediction on how and when the market downturn will end and also advised investors on how to emerge stronger. 2022 Bear Market To Continue Tom Loverro, wh...
Crypto Winter Threatens North Korea’s Stolen Stash: Report
According to researchers, the deepening crypto winter poses a threat to a vital source of funding for Pyongyang’s weapons programs. It is not clear how much crypto the North Korean regime has stashed ...
21Shares Launches Crypto Winter Products to Protect Investors From Bear Market
– Advertisement – 21Shares Launches “Crypto Winter Suite.” Following the massive collapse of the cryptocurrency market, 21Shares AG has announced a new fund that will help investors remain...
Bitcoin miners began to sell-off amid crypto winter
Bitcoin miners are forced to faucet into their cryptocurrency stashes as a plunge in prices, rising energy prices and multiplied competition bite into profit. The amount of coins miners are causation ...
Australian Crypto Firm Banxa to Cut Staff by 30% Citing ‘Another Crypto Winter’
Banxa, a crypto payments operator, announced that it would lay off 30% of its staff to reduce operating costs amid the ongoing bear market. “Banxa must take decisive actions to reduce costs now,...
Default Won’t Trigger a Long Winter for Russia
Failing to pay your debts can stop you getting a loan again. Except if you are a country—even Russia. Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution. Becaus...
Crypto Winter Brings More Layoffs as BofA Sees Deep Freeze Avoided
Crypto and equity markets have rallied over the past week after U.S. Federal Reserve Chair Jerome Powell signaled a softened stance on rate increases. Powell said the agency’s commitment to reining in...
Bitcoin Miners Fight for Survival as Crypto Winter Deepens
Key Insights: Public BTC mining companies are still selling their stashes. Those with the lowest production costs and debts will likely survive. Many mining firms will be forced to sell their hardware...
Banxa to layoff 30% of workforce to shelter the “crypto winter”
Banxa announced on June 27 that it is laying off 30 percent of its staff, Australian Financial Review reported. The cryptocurrency operator said in the release that the layoffs add to several measures...
The Crypto Winter Get Intense With Institutional Selling!
Several digital assets, including Bitcoin and Ethereum, have been affected by the recent crypto crash that has captured the attention of the entire globe. Ethereum almost reached its 2017 lows at $880...
Crypto Winter Survival Guide: Frax (FRAX), PAX Gold (PAXG), And RoboApe (RBA)
– Advertisement – How long will crypto winter last? That is the question on the lips of every crypto participant right now. Many newbies are scared at the prospect of a prolonged bear mark...
Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder
As the crypto winter shows little to no end, Australian crypto giant Banxa wants to save itself by rescinding the employment contracts of a cross-section of its workforce. Banxa, a crypto firm based i...
Crypto Payment Channel Banxa Reduces Its Staff By 30% To Survive Crypto Winter
The cryptocurrency market has been facing a second bloodbath without any gap for the first time in history, disrupting the blockchain industry to a vast extent. Consequently, crypto-oriented businesse...
Tether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter
The crypto ecosystem is still dealing with the fallout caused by the collapse of the Terra ecosystem, the company behind stablecoin USDT, Tether, is being targeted by hedge funds. Confirmed by Paolo A...
Crypto Market Resurgence: Is the Crypto Winter Finally Over?
The current outlook of the digital currency market ecosystem is considered a promising one for investors, who have been repositioning their mindsets for a long ‘crypto winter’ ahead. For the first tim...
Aussie Crypto Operator Lays off 40% of Staff Citing Crypto Winter: Report
The Australian cryptocurrency operator – Banxa – believes the ongoing bear market will be present for at least another year, which is why the company decided to dismiss almost half of its employees. P...
Uncollateralized lending faces Crypto Winter: Some fare better than others
The ripple effects of Celsius, Babel Finance, and 3AC’s liquidity crisis continue to shake up DeFi. Maple Finance announces they are halting withdrawals, while TrueFi, in a show of strength and stabil...
Crypto Miners Pose Risk to Lenders as ‘Crypto Winter’ Continues to Strain Business
Loans to the tune of $4 billion, that are backed by crypto mining equipment, are facing potential default risk as per a report by Bloomberg released Friday. The development comes on the back of a turb...