Back in March of 2008, the global stock markets didn’t really stop in their tracks when Bear Stearns collapsed. The fact that then Daily Show host Jon Stewart made a segment laughing at Jim Cramer was enough for a wry smile but then it was back to business. More comfortable at $2 As Stewart notes […]
The conditions on global markets, geopolitical pressure and the fallout of the Terra collapse caused a crypto crash yesterday which saw many of the biggest digital currencies post double digit percentage losses. This morning, most of them are rebounding from those lows. The mechanism of algorithmically-governed stablecoins like UST makes them susceptible to the colloquial […]
Panic, capitulation and utter fear took hold of those having the crypto coin Terra in their portfolio yesterday. The blockchain protocol, until recently trading in the top 10 on CoinMarketCap, lost most of it’s value right after it’s very own stablecoin UST lost its peg to the United States dollar. Rumors are circulating that a […]
As markets ready themselves for a possible relief rally in the coming days (both in stocks and crypto) it’s time to take a look at all the damage that’s been done. Big tech and crypto now trade in tandem, and so crypto stocks are also suffering. MicroStrategy, led by Michael Saylor, dropped some 60 per […]
The correlation between Bitcoin, cryptocoins and most Western stock markets was once again proven as the massive selloff seen in the cryptosphere found a willing compatriot in European markets on Monday which was followed a few hours later by US markets. Bank of America has now warned that the S&P 500’s selloff of last week […]
One man is looking at the Bitcoin price (this morning only around $33k) and is praying more than anyone else that things will change for the better. Michael Saylor is a hero to the Bitcoin community. Recently, at Bitcoin 2022 Miami—the largest Bitcoin event worldwide—Saylor was met by thousands of cheering fans as he instructed the crowd […]
Bitcoin’s genesis block holds the key to its creation. Back in 2009, as the housing crisis and the collapse of global banking giant Lehman Brothers the previous fall urged the anonymous Satoshi Nakamoto to create a form of money that wouldn’t devaluate whenever a central bank decided to print more fiat, he linked Bitcoin’s creation […]
Bitcoin traded as low as $35,000 at a certain point on Friday as crypto markets mostly traded in sync with tech stocks again, which means everything saw major losses. Saturday morning at the time of writing this article, Bitcoin trades at $35,800 and Ether changes hands for $2,600. Worst one-day drop Coins which had gained […]
Bitcoin’s price has taken a big hit following the rate hike by the Fed. The market tumbled just hours after the announcement of the hike, bringing Bitcoin’s price to $36,000, the lowest since January 2022. This was the opposite of what the crypto space expected. The Fed yesterday announced an increase in interest rate by […]
After a long tussle, Binance has finally secured regulatory approval from the French government to operate as a digital asset services provider in the country. French stock market regulator AMF, now recognizes Binance as a digital assets services provider after the top exchange met all the conditions for such approval.https://twitter.com/Blockworks_/status/1521886417504329729?s=20&t=ZJcVKUl44GndCNs3YGtDMwBinance has had a tough time […]
