During a first quarter earnings call, MicroStrategy’s CFO Phong Le had to admit that the company had taken out a $205 million loan from Silvergate, a crypto-focused bank, in order to allow CEO Michael Saylor to continue his bitcoin buying spree. The loan became famous as it contained a “margin call,” a situation where the […]
As stock markets dropped on news of rising inflation in the US and crypto markets reeled from the Celsius news, Bitcoin and Ethereum seem to be falling ever lower and are now near 2020 levels again. Tech stocks did not fare much better, with the Nasdaq dropping 4.7% on Monday, an absolute hammering of various […]
Ethereum and other major crypto coins were in the red pretty much all weekend because the inflation numbers released on Friday in the US have spooked investors, who now fear stock markets to drop in the coming days as well. Bitcoin didn’t fare too well either and dropped 7% on Monday morning. According to market commentator […]
Crypto markets already suffered because of widespread inflation worries which also hit worldwide stock markets, but the news of Crypto lender Celsius Network Ltd pausing withdrawals, swaps and transfers on its platform, caused an even bigger run for the exit. https://twitter.com/RichardHeartWin/status/1536182587542196226 Celsius stated on Twitter that they are: Pausing all withdrawals, Swap, and transfers between […]
UNICEF New Zealand has just signed a partnership with the Bybit exchange to assist with their ongoing COVID-19 efforts in the Oceania nation.UNICEF explained its choice to partner with Bybit in a statement on its website. According to UNICEF the partnership will allow users of the crypto derivatives platform to donate part of their cryptocurrencies […]
Veteran trader Peter Brandt has predicted that Ethereum will significantly outperform leading coin Bitcoin in the near future. Brandt revealed this in a tweet in which he suggested that the leading altcoin alongside other altcoins will gain on Bitcoin.https://twitter.com/PeterLBrandt/status/1280954525801684994?s=20Brandt posted a chart of Ethereum alongside Bitcoin which showed the immense growth that the altcoin has […]
The CPI (Consumer Price Index) reading of last Friday showed that inflation wasn’t ready to drop just yet even though the Fed had started raising interest rates already. This negatively impacted all major stock indices and most crypto coins, although it was remarkable to see that Ethereum fell much faster than Bitcoin. Over in Southern […]
Although Bitcoin is barely moving these past few days it seems (in the past week, Bitcoin has changed 1% at the time of writing), there is still plenty of action in the rest of the cryptosphere. Several altcoins like Chainlink and Helium experienced so-called recovery rallies as the market steadies again and South Korean police […]
The crypto market has experienced a massive bull rally since the start of July and the last few days has been a great one for altcoins. Chainlink’s native token LINK is clearly one of the top gainers within this period.LINK has enjoyed a rapid rise in the past week with the coin initially establishing a […]
Although Bitcoin’s price seems correlated to tech stocks and the Nasdaq index in 2022, and the ECB’s interest rate decision could influence it as well, it is always a good idea to check on historical returns for the world’s biggest crypto coin to see what we can expect. As such, we note that May proved […]
