Cryptocurrency News Archives - Page 7 of 26

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DCG owes creditors more than $3 billion and considering selling

DCG, a multinational conglomerate known for its diverse portfolio of businesses including real estate, finance, and technology, has recently come under fire for its mounting debt. According to reports, the company owes creditors over $3 billion, and many are concerned about the company’s ability to pay back these debts. The origins of DCG’s debt crisis […]

Cryptocurrency News

How the FTX collapse may expose the Blockfolio users

The data required to examine past Blockfolio submissions has now been entangled in the collapse of the large bitcoin exchange. I’m not concerned about Sam Bankman-Fried supposedly receiving an Alameda loan, which was actually FTX client monies routed through Alameda and credited on FTX. I’m not worried about the moral compass of the celebrity investors […]

Cryptocurrency News

Genesis, a cryptocurrency lender, is being liquidated

Genesis need $1 billion in cash by Monday, and Gemini anticipates major bitcoin withdrawals as insolvency worries spread throughout the sector. Genesis Seeking Liquidity Infusion If you’re not familiar with Genesis Trading, you should be. They are the institutional infrastructure’s backbone. Investors in bitcoin and the larger crypto markets Genesis Trading was the brokerage that […]

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Cryptoverse News: Binance liquidates its FTT holdings

After Binance liquidates its FTT holdings, FTX’s FTT is on the verge of being sold. The top news in the cryptoverse for November 7 includes a 0.19% fall in Bitcoin mining difficulty, Binance’s plan to liquidate all of its FTT holdings, and FTX CEO Sam Bankman-pledge Fried’s that the exchange will not go bankrupt. The […]

Cryptocurrency News

Is FTX infringing on the law? Texas Regulator gives an answer

According to the Texas State Securities Board; they are. A Texas regulator has charged FTX, FTX.US, and Sam Bankman-Fried with marketing unregistered securities and participating in fraud. Despite being unregistered in Texas, the regulator declared that the bitcoin exchange’s yield-earning scheme was open to Texans. The regulator also ruled that FTX’s agreement to buy Voyager’s […]

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Mastercard assists banks to offer crypto to their customers

In an interview with CNBC, Mastercard states that it will assist banks in offering cryptocurrency trading to their customers. The payment company is motivated to make it simpler for banks to get involved in crypto so that, more people have access to it. Mastercard aspires to become a “bridge” between banks and the Paxos crypto […]

Cryptocurrency News

Why Isn’t Russia Using Crypto to Avoid The Sanctions?

Days after Russia started a full-scale invasion of Ukraine in February, Western countries, headed by the United States and the European Union, imposed massive sanctions on the Russian economy with the hope of forcing Moscow into an economic catastrophe that would induce a military retreat. Yet, within days, top US officials and financial analysts were […]

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The SEC Chairman’s position on PoS cryptocurrencies

According to a Washington Post story, Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), indicated on September 15 that cryptocurrencies that allow holders to stake their tokens may be deemed securities. According to Gensler, cryptocurrencies that use the staking consensus process may satisfy the Howey test, which evaluates whether an asset […]

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Bitcoin and Ethereum are Better than Lower Risk Crypto Index

For over two decades now, index and exchange-traded funds (ETF) have proven to be one of the most popular forms of investing. And that’s because they provide investors with a passive way to gain exposure to a basket of stocks, instead of just investing in individual stocks, which by the way increases the risk of […]

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Celsius countersues KeyFi: Claiming deception and ineptitude

Celsius has launched an assault on former stake and DeFi strategic affiliate KeyFi and its CEO, who sued it a week before it declared bankruptcy. Celsius countersues KeyFi, claiming deception and ineptitude resulted in tens of millions of dollars in damages. Celsius, a bankrupt crypto lending company, countersued decentralized finance (DeFi) protocol KeyFi and its […]

Cryptocurrency News

Crypto winter may linger for a year and six months: Coinbase CEO

In an interview with CNBC, Coinbase CEO Brian Armstrong said that the current cryptocurrency bear market could last for another year and six months. Armstrong said that he sees the current market conditions as similar to the dot-com bubble of the late 1990s/early 2000s. Cryptocurrency prices have fallen to new lows during this cycle. Brian […]

Cryptocurrency News

Bitcoin still wrestling to break the $24,000 resistance level

The cryptocurrency market has continued its positive start to the week despite some coins and tokens currently underperforming. The crypto market is once again trading in the green region. The market has increased less than 1% in the last 24 hours and remains above $1 trillion. Bitcoin is trading at $23,700 at press time. The […]

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