Cryptocurrencies News
- Sujha Sundararajan
Crypto lender Celsius transferred around 50,000 ETH today alone, and about 9,500 WBTC to the FTX exchange for an undisclosed reason.
- Joel Frank
Bitcoin’s price fell into the $23,000s and Ethereum’s price below $1,200 on Monday, both at annual lows.
- Reuters
LONDON (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion.
- Martin Young
Ethereum prices have been absolutely hammered over the weekend, sending the world’s second-largest digital asset back below its 2018 price peak.
- Bob Mason
Bitcoin is on target for a tenth weekly loss in 11 weeks, with investor sentiment towards inflation and Fed monetary policy doing the damage in the week.
- Joel Frank
It was a difficult end to the week in crypto as hot US CPI saw markets upping Fed tightening bets.
- Aaryamann Shrivastava
Declining further, the crypto market today witnessed $49.8 billion wiped out of the market as the S&P 500 index also fell by 2.7% during intra-day trading.
- Joel Frank
The upcoming US inflation release could cause crypto volatility if it impact Fed tightening expectations.
- Reuters
By Julie Gordon OTTAWA (Reuters) – The number of Canadians who own cryptoassets is growing rapidly and efforts to regulate the sector need to start keeping pace, a senior Bank of Canada official said, noting many people may not understand the risk of investing in products
- Sujha Sundararajan
The SEC is investigating Terraform and its founder Do Kwan on another crypto product for synthetic assets named Mirror Protocol.
- Bob Mason
Digital currencies remain a hot topic amongst regulators, following the collapse of TerraUSD (UST). Both the CFTC and the SEC are eyeing oversight powers.
- Martin Young
Financial media giant Bloomberg is showing no fear of the bear market with the expansion of crypto asset analysis on its Terminal.
- Aaryamann Shrivastava
Altcoins led the market for the second day in a row as top coins Bitcoin and Ethereum remained unmoved, trading at $30,636 and $1,803, respectively.
- Joel Frank
Ranges are unlikely to be broken ahead of the upcoming ECB/Fed policy announcements and US CPI data on Friday.
- Aaryamann Shrivastava
The largest stablecoin in the world will be coming to Tezos after having already launched on more than 12 blockchains to date.
- Sujha Sundararajan
Stablecoins issued in New York should be fully backed by reserves of dollars and four different types of treasuries and audited monthly.
- Martin Young
More big names in institutional investing are setting their sights on offering cryptocurrency services to their clients and the latest to do so are Fidelity and Schwab.
- Bob Mason
It was a mixed session for the crypto market. Cardano (ADA) found strong support, while the rest of the top ten saw red on Wednesday.
- Aaryamann Shrivastava
The market was led by altcoins today as Bitcoin took a backseat, trading at $30,636, and Chainlink led the rally with a 10.22% rise.
- Reuters
By Gary McWilliams HOUSTON (Reuters) – Cryptocurrency developers and U.S. lawmakers are moving toward putting the Commodity Futures Trading Commission in charge of regulating digital currencies, said CFTC Commissioner Summer Mersinger.