Key Points: Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations. Celsius halted withdrawals for customers last week due to “extreme market conditions.” The cryptocurrency market … Read more
Key Points: Solend, a lending platform built on the Solana blockchain, tried to gain control of a so-called “whale” account which it said was putting the protocol at risk. It’s an unprecedented move in world … Read more
Key Points: Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at … Read more
Key Points: Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy. “People don’t really use crypto as collateral for real-world debts. Without that, this is just a … Read more
Key Points: The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. The last time bitcoin fell below that level was December 2020. Ether, the second-largest token, plunged 10% … Read more
Candidates running for election in the 2022 midterms could see a boost to their campaign war chests with the launch of a fundraising platform that will accept and process crypto donations. The new platform, titled … Read more
I’ve said it before and will say it again – cryptocurrencies are not a safe investment. I know it is not a popular opinion; people have had success with trading. The problems with cryptocurrencies: (1) … Read more
While bitcoin remains stuck to a $30,000, trading in a $2k range around the “nice, round number” for the past month… … In its latest weekly Crypto Compass note, UBS writes that what is most … Read more
Explosive growth across the decentralized finance sector has culminated in a 50% decline in Total Value Locked. However, the industry still holds tremendous mainstream appeal for those looking to put idle crypto-assets to work. A … Read more
Levered Bets on Bitcoin Go Both Ways Good news for an underlying commodity tends to be even better news for companies that mine it, all else equal, thanks to their inherent operational leverage. Frank Holmes … Read more
